India’s logistics cost will come down to 9% of GDP by April next year : Gadkari
NEW DELHI : Union Minister of Road, Transport and highways Shri Nitin Gadkari said that logistics cost of India will come down to 9 per cent of GDP
Bangladesh garment factories reopen after Sheikh Hasina ouster
DHAKA : Garment factories in Bangladesh, forecast to account for 90% of the country’s exports, reopened on Wednesday hoping to swiftly resume full operations after production was disrupted
Futures show more downside to freight rates in 2025
SHANGHAI : Shanghai container futures trades suggest that Asia-Europe freight rates could fall further in 2025, after appearing to have peaked now. On 5 August, the index points
India’s crude oil imports from Russia surge 1000%
NEW DELHI : India now sources 40% of its crude oil imports from Russia, with year-to-date volumes averaging 1.6 million barrels per day (mbpd), according to BIMCO. This marks
India trying to reduce tariff and non-tariff barriers globally to spur trade between nations
NEW DELHI : Indian authorities made a case for reduction in tariff and non-tariff barriers across the world to reinforce growth and spur trade among nations. “When you
Launch of FEDERALBOXX in India : The World’s First Unified Digital Networking Shipping Platfor
NEW DELHI : FEDERALBOXX announce the launch of their services in India. FEDERALBOXX is the world’s first unified digital networking shipping platform. This revolutionary platform is set to
New International Land-Sea Trade Corridor connects 523 ports worldwide
BEIJING : Over the past five years, the New International Land-Sea Trade Corridor has expanded its reach to 523 ports in 124 countries and regions. Launched in 2017,
US volumes break 2.5 million TEU mark in July; Imports from China set record high
WATERLOO : According to Descartes Systems Group’s latest Global Shipping Report, July container volumes into the United States were the third highest on record, eclipsed only by the
India now depends on Russia for 40% of its crude oil imports : BIMCO
LONDON : “During the past three months, India has relied on Russia for 40% of its seaborne crude oil import. Year-to-date, volumes have reached an average of 1.6
PM Modi releases Big Bang Numbers on Indian Economy
NEW DELHI : Prime Minister Shri Narendra Modi on Tuesday released the Big Bang Numbers on the Indian economy as part of his Bi-Weekly Bharat newsletter for the