February 16, 2024
March 15, 2026
February 16, 2024
Experts stress on need for long-term funds for shipping sector
NEW DELHI : The Indian shipping sector experts and stakeholders on Wednesday stressed on the need for long tenure funds, infrastructure status and appropriate policy and regulatory changes to enable banks to enhance lending to the
February 16, 2024
India’s January exports up 3%, trade deficit at a 9-month low despite Red Sea crisis
NEW DELHI : India’s merchandise trade deficit narrowed to $17.49 billion in January, lowest in nine months, as exports edged up by 3.1 percent year-on-year despite the ongoing crisis in the Red Sea disrupting trade as
February 16, 2024
Red Sea crisis : Indian exporters save on higher shipping costs as importers start sharing burden
NEW DELHI : Even as the Red Sea crisis pushes up shipping expenses, Indian exporters are getting some relief from the higher cost burden by negotiating rates afresh with their buyers, a government official
February 16, 2024
DGFT adds Adani Gangavaram Port for Scrap Import & PSIC Exemption
NEW DELHI : The DGFT issued Public Notice No. 43/2023 dated February 14, 2024 amends Para 2.51 of Handbook of Procedures, 2023, adding Adani Gangavaram Port to designated sea ports for scrap import and PSIC exemption.
February 16, 2024
CBI registers 3 corruption cases against 18 customs officials and 5 exporters for fraudulent duty drawback
MUMBAI : In a major crackdown on corruption, the Central Bureau of Investigation’s (CBI) Mumbai unit has booked 35 persons, including 24 customs officers, in three separate cases of alleged bribery, misconduct and cheating.
February 16, 2024
HMM remains in the black for Q4 2023
SEOUL : South Korean shipping company HMM remained profitable in Q4 2023 despite the pressure on container markets. HMM reported a net profit of KRW1.01 trillion for 2023 a 90% drop compared to KRW10.12
February 16, 2024
How long can Maersk investors tolerate below-par performance, wonders Linerlytica
COPENHAGEN : Maersk blamed overcapacity for its record EBIT losses in the fourth quarter but it failed to mask the fact that it has continuously underperformed the market, according to Linerlytica’s latest report. The
February 16, 2024
FM Logistic India Inaugurates its 3rd Multi-client, Multi-activity Distribution Centre in Bhiwandi, Mumbai
MUMBAI : Leading French contract logistics provider, FM Logistic India, inaugurated its 3rd state-of-the-art Multi Client Facility in India’s largest logistics hub of Bhiwandi on Thursday in the presence of its customers and partners.
February 16, 2024