Supply chain disruptions and rising demand boost container freight rates globally
NEW YORK : Shares of major container shipping firms soared on Monday, fueled by the climbing freight rates. Notably, the Shanghai Container Freight Index, a key indicator of shipping rates from major Chinese ports,
Mecalux recognised for fourth consecutive year in the 2024 Gartner® Magic Quadrant™ for Warehouse Management Systems
BARCELONA : Mecalux has been recognised in the 2024 Gartner® Magic Quadrant™ for Warehouse Management Systems for the fourth year in a row. The analysis, prepared by the US-based research firm Gartner, provides an
EAM Jaishankar on delay in IMEC implementation in view of situation in West Asia
NEW DELHI : The delay in implementation of the India-Middle East-Europe Economic Corridor (IMEC) in view of the current situation in West Asia is a matter of ‘concern’ and the expectation generated following firming
India needs to focus on market reforms to achieve double digit growth : ADB
NEW DELHI : India needs to focus on factor market reforms like land and labour to propel India’s growth to a double-digit trajectory, ADB Chief Economist Albert Park has said. “There are still concerns
4th Meeting of ASEAN-India Trade in Goods Agreement Joint Committee
NEW DELHI : The 4th Joint Committee Meeting for the review of AITIGA (ASEAN-India Trade in Goods Agreement) was held in Putrajaya, Malaysia from 7-9 May 2024 and was co-chaired by Shri Rajesh Agrawal, Additional
Russian firms buy $4 billion worth of India-made arms, pay in Indian Rupee
MOSCOW/NEW DELHI : Exporters in Russia, who started trading with India using Indian rupees, have recently spent nearly $4 billion to buy India-made defence equipment and armaments, among other imports and Indian securities. This
Decarbonisation of shipping could create up to four million green jobs
COPENHAGEN : The Global Maritime Forum has revealed the immense economic potential presented by the decarbonisation of shipping. New analysis, commissioned by the Global Maritime Forum and conducted by Arup, projects that the maritime
Baltic dry bulk index logs best week in more than two months
LONDON : The Baltic Exchange’s main sea freight index marked its best week in more than two months on Friday, despite a daily decline attributed to weakness in capesize vessel segment. The overall index,