PM Narendra Modi launches vehicle scrappage policy
NEW DELHI : Prime Minister Shri Narendra Modi on August 13 launched the Voluntary Vehicle Fleet Modernisation Programme, or the automobile scrappage policy. During a virtual address at the
Gujarat signs 6 MoUs for vehicle-scrapping units
GANDHINAGAR : On the day the Centre rolled out the vehicle scrapping policy and Voluntary Vehicle Fleet Modernization Programme (V-VMP), the Gujarat government signed six MOUs (Memoranda of
PSA Mumbai Welcomes Maersk’s Upsized ME2 Mediterranean Service
MUMBAI : PSA Mumbai welcomed the inaugural call of Maersk Line’s ME2 service with the arrival of the 10,100-TEU “Maersk Gibraltar” on 12th August 2021. The ME2 marks
DBS Bank India partners with ODeX to provide hassle-free credit solutions to freight forwarders
MUMBAI : DBS Bank India announced that it has partnered with ODeX, one of India’s leading platforms to exchange shipping documents and facilitate payments, to introduce ODeX Pay
DP World wants to revolutionize how ports operate
DUBAI : In Dubai’s Jebel Ali port, a new technology is being tested that aims to speed up, improve and automate the way shipping containers are stored, moved
RoSCTL to enhance India’s share in global apparel & made-ups sectors : FIEO
NEW DELHI : Welcoming wholeheartedly the announcement of RoSCTL support for apparel & made-ups sectors, Dr A Sakthivel, President, FIEO said that this timely announcement, coming at a
Hapag-Lloyd’s H1 profit increases almost tenfold
HAMBURG : Hapag-Lloyd has achieved outstanding performance in financial terms during the first half of 2021, as it has benefitted from strong container demand and skyrocketing freight rates, according
Impressive order booking position to sustain exports growth albeit logistics challenges: FIEO Presid
NEW DELHI : Reacting to the trade data for July 2021-22, Dr A Sakthivel, President, FIEO said that the sustained growth in exports of about 50 percent with
CMA CGM applies new reefer surcharges worldwide
MERSEILLES : The French shipping company CMA CGM has published new rate increases for reefer containers across the world. Firstly, CMA CGM has already set a Port Congestion
HMM achieves record profits and increased volumes during 2021 H1
HMM has reported its highest operating profit in its history of US$2.06 billion in the first half of 2021 with a margin of 45.1%, while the company’s revenue