Asia-US container rates tick lower; shippers frontloading cargoes on tariff pause
LONDON : Rates for shipping containers from Asia to the US ticked lower this week, although they could see upward pressure from shippers pulling forward volumes ahead of the 30-day tariff freeze, while rates
Marsa Ocean Shipping aquires two new container vessels
DUBAI : Marsa Ocean Shipping, a Dubai-based feeder carrier, has expanded its fleet with the acquisition of two new container vessels, increasing its total number of ships to six. The newly acquired Marsa Ivy
Baltic index falls as larger vessel rates dip
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, retreated on Monday due to weaker larger vessel rates. The index, which factors in rates
PM Modi to co-chair the AI Action on February 11 in his France visit along with French President Emmanuel Macron
NEW DELHI : India and France to make major announcements in the areas of Defence, Small Modular Reactors (SMR) and aircraft Maintenance, Repair and Overhaul (MRO) and also adopt a France-India roadmap on Artificial
DP World’s Container Handling hits record high in 2024, Up 8.3%
DUBAI : DP World’s ports and terminals handled a record 88.3 million twenty-foot equivalent units (TEUs) in 2024, up 8.3% year-on-year, despite macroeconomic headwinds and concerns over the outlook for global trade. The global
Amazon and DGFT expand collaboration, launch new initiatives to boost India’s ecommerce exports
NEW DELHI : The renewed MoU aims to support India’s vision of enabling $200-300 billion in exports by 2030. Amazon will integrate its Export Navigator tool within DGFT’s Trade Connect portal to help SMBs
India to cut tariffs on 30 products including luxury cars and bikes, before PM Modi’s US trip
NEW DELHI : India is set to review import tariffs on over 30 items including luxury cars and solar cells, potentially leading to higher imports from the United States, a senior finance ministry official
Trade, AI, and meeting with Musk on PM Modi’s agenda for US visit
NEW DELHI : Prime Minister Shri Narendra Modi is prepared to discuss reducing import tariffs and buying more energy and defence equipment from the US when he meets with President Donald Trump next, according to Indian officials familiar