Piyush Goyal announces introduction of Diamond Imprest
NEW DELHI : Union minister of Commerce and Industry Shri Piyush Goyal announced restoration of GJEPC, which allows import duty exemption on cut and polished diamonds up to a
Garment sector facing uncertainty due to Bangladesh crisis, may return normalcy soon: FM Sitharaman
NEW DELHI : Bangladesh garment and knitted fabric sector was facing a “bit of uncertainty” but expressed hope that the country’s interim government would resolve the situation soon
Even Suez Canal restart is No Silver Bullet for Container Shipping Turbulence, warns Lars Jensen
COPENHAGEN : Shippers should anticipate continued volatility in container shipping freight markets through 2025, with even the re-start of operations through the Suez Canal not guaranteeing immediate respite
India takes connectivity to new level; introduces 8 national high-speed road corridors spanning 936
NEW DELHI : Aiming to enhance logistics efficiency, reduce congestion, and improve connectivity nationwide, India took a significant leap by introducing 8 national high-speed road corridors spanning 936
Decarbonizing freight transport in India
NEW DELHI : With massive investment in capacity augmentation, Indian Railways (IR) has been trying very hard to attract non-bulk traffic for more than a decade now, but with limited
New York Shipping Exchange recalibrates strategy amid global shipping challenges
NEW YORK : The New York Shipping Exchange has modified its operating strategy, responding to a significant shift in how customers contract for container shipments. Rather than focusing largely on
Global trade conditions continue to deteriorate in July
NEW YORK : The worldwide Purchasing Managers’ Index (PMI) surveys compiled by S&P Global Market Intelligence indicated that global trade continued to deteriorate headed into the second half
Drewry: World Container Index Down 3% Last Week
LONDON : Drewry’s World Container Index decreased 3% to $5,551 per 40ft container last week. Drewry’s detailed assessment for Thursday, 08 August 2024 The latest Drewry WCI composite
Baltic index set for first weekly gain in four on strong capesize demand
LONDON : The Baltic Exchange’s main sea freight index marked its first weekly gain in four on Friday, helped by higher rates for capesize vessel segments. The overall
Sonowal introduces two shipping-related bills in Lok Sabha
NEW DELHI : Union Minister of Shipping Shri Sarbananda Sonowal on Friday (August 9, 2024) introduced two Bills — Carriage of Goods by Sea Bill, 2024, and the