Box lines announce new efforts to hike rates on India-US Trades
MUMBAI : Container lines serving the India-US trade seem to have realised that pushing through hefty general rate increases (GRIs) or peak season surcharges (PSSs) is a hard game, unless cargo volumes tick up in
Foreign ships to have a tough time in ‘Amrit Kaal Vision 2047’ for Maritime
NEW DELHI : Far from removing a so-called cabotage law to permit foreign flag ships to carry all types of cargo on local routes to boost coastal shipping as proposed earlier, foreign shipping companies
India signs pact with ADB for $400-million loan to support urban reforms
NEW DELHI : The central government recently signed a USD 400 million policy-based loan with the Manila-based Asian Development Bank (ADB) to support its urban reform agenda to create high-quality urban infrastructure, improve service
Hanjin signs MOU with AWOT Global Corp for logistics partnership
SEOUL : Hanjin Logistics Corp., an affiliate of airline-to-logistics conglomerate Hanjin Group, said it has signed an initial pact with a Chinese company for a business partnership in the Chinese logistics market. Hanjin Logistics
FICCI survey indicates accelerated Indian economic growth in Q2 driven by higher demand
NEW DELHI : The latest quarterly survey from FICCI reveals a strong growth momentum in India’s manufacturing sector during the second quarter of the fiscal year 2023-24. Despite a slowdown in developed nations, the
C P World collaborates with SeaRates of DP World
MUMBAI : The C P World Group, a leading neutral LCL consolidator founded in 2005, opened its first office in Dubai in the year 2005. Since then, there has been no looking back. The
150 Bangladesh garment factories shut, 11,000 workers charged
DHAKA : Bangladeshi garment manufacturers shuttered 150 factories “indefinitely”, as police issued blanket charges for 11,000 workers in connection with violent protests demanding a higher minimum wage, officers said. Bangladesh’s 3,500 garment factories account
Piyush Goyal to attend IPEF & AEPC ministerial meetings in San Francisco next week
NEW DELHI : Commerce and Industry Minister Shi Piyush Goyal is slated to visit San Francisco from November 13-16 to attend various official engagements of the Indo-Pacific Economic Framework (IPEF) and the Asia-Pacific Economic