WTO forecasts rebound in Global Trade in 2024
GENEVA : Global goods trade is expected to pick up gradually this year following a contraction in 2023 that was driven by high energy prices and related inflation, World Trade Organization (WTO) economists said
US container imports remain stable, with several potential global challenges to be seen
NEW YORK : In March, US container import volumes saw marginal growth compared to February, edging up by only 0.4% to reach 2,145,341 TEUs. However, TEU volumes experienced a significant increase of 15.7%, compared
‘If you want to see the future, come to India’: US envoy Eric Garcetti
NEW DELHI : US Ambassador to India Eric Garcetti said if anyone wants to see the future they should come to India. Speaking at an event, Garcetti lauded India’s developmental strides and acknowledged that
Former SpiceJet Chief launches private charter carrier Sirius India Airlines
NEW DELHI : Former SpiceJet Chief Mr. Arun Kashyap has launched Sirius India Airlines, a private charter carrier aimed at catering to the upscale travel market. Kashyap, who served as the Chief Operating Officer
Tesla plans to set up EV manufacturing arm with Reliance in India
NEW DELHI : Tesla may be scouting for a local partner to set up its operations in India. Highly placed sources say the US electric vehicles major is in talks with Reliance Industries for a possible joint venture to
DTDC Express elevates Abhishek Chakraborty to the role of Chief Executive Officer
MUMBAI : DTDC Express Ltd., a leading express logistics provider in India has recently elevated Mr. Abhishek Chakraborty as its Chief Executive Officer, effective from April 3rd, 2024. In his new role, Abhishek will
Maersk enhances ME2 service, expanding operations to North Europe
COPENHAGEN : Maersk has unveiled upgrades to its ME2 service, extending its operations to North Europe. The ME2 service, formerly turning in the Mediterranean (Algeciras and Tangiers), is undergoing expansion. This revamped service will
Hapag-Lloyd announces reefer surcharge from India to Arabian Gulf
HAMBURG : German ocean carrier Hapag-Lloyd has announced the implementation of a Peak Season Surcharge (PSS) for shipments from India to Arabian Gulf Ports. The surcharge will apply to all sailings starting from 20