First quarter of 2024, earnings down with cost measures intensified : Kuehne+Nagel
Kuehne+Nagel GroupCHF million Q1 2024 Q1 2023 Δ Net turnover 5,508 6,748 -18% Gross profit 2,076 2,394 -13% EBITDA 576 803 -28% EBIT 376 612 -39% Earnings 278
IBIA collaborates with BIMCO on fuel and maritime challenges
LONDON : IBIA – The International Bunker Industry Association and BIMCO have signed a Memorandum of Understanding (MoU) to collaborate on some of the monumental challenges and opportunities
India’s Major Ports’ see 4.45 % cargo volume growth in FY24 : IPA
NEW DELHI : India’s 12 major ports handled 819.227 million tonnes (mt) of cargo in FY24, some 4.45 percent more than the 784.305 mt handled during last year on
RoDTEP : Verification mechanism to help establish payouts are input duty remissions, not subsidies
NEW DELHI : As the Anti-subsidy duties imposed last year by the US and the EU on certain Indian exports benefiting under the Remission of Duties and Taxes
Small exporters looking for continuation of amnesty scheme till September
NEW DELHI : Several small exporters have requested the government to continue the amnesty scheme for one-time settlement of default in export obligation till September, an industry body
Mahindra Logistics Q4 loss widens to Rs 12.85 cr on subdued volume growth
MUMBAI : Mahindra Logistics reported a fifth straight quarterly loss on Monday, hurt by subdued volume growth at its mainstay business of supply chain management. Consolidated net loss
India’s polished diamond exports drop 27.5% as key markets falter
MUMBAI : India’s cut and polished diamond exports in 2023/24 plunged 27.5% from a year ago to a $15.97 billion due to sluggish demand from the United States,
Shipping industry urges UN to protect vessels after Iran seizure
LONDON : Merchant ships and seafarers are increasingly in peril at sea as attacks escalate in the Middle East and the United Nations must do more to protect
Threat of US Anti-Dumping Duties on Indian Solar Module Exports
NEW DELHI : India’s solar exports success story could run into trouble if the U.S. entertains petitions from domestic manufacturers to impose Anti-Dumping (AD) and Countervailing Duties (CVD)
World’s first Electric Straddle Carrier Fleet arrives at DP World’s London Gateway Hub
LONDON : DP World has welcomed the arrival of eight fully electric straddle carriers for its soon-to-be-opened £350m new fourth berth at London Gateway. In a major step
