LONDON : Liner operators continue to struggle with a worsening supply/demand balance, affecting freight rates. On average, the fleet has grown 5% and 19% compared with 2022 and 2019 respectively. On the other hand,
VENICE : At the kind invitation of the Government of Italy, the World Customs Organization’s (WCO) Policy Commission held its 89th Session in Venice, from 5 to 7 December 2023, under the Chairmanship of Edward
NEW DELHI : To promote “Make in India“ policy and to support shipbuilding industry in India, Ministry has brought in Shipbuilding Financial Assistance Policy (SBFAP) scheme for Indian shipyards to procure orders from domestic
GANDHINAGAR : As many as 16 countries and 14 organisations have so far confirmed to be partners for the upcoming 10th edition of Vibrant Gujarat Global Summit 2024 next month, officials said Wednesday. The
AHMEDABAD : Adani Ports and Special Economic Zone on Wednesday said its board will meet on December 12 to consider a proposal to raise funds through the issue of non-convertible debentures or issue or
THIRUVANANTHPURAM : Marking a significant step towards port operation, the Vizhinjam International Seaport in Kerala has taken delivery of 10 giant cranes, comprising eight yard cranes and two ship-to-shore cranes. The last ship, Zhen Hua
THOOTHUKUDI : Union Government-owned V O Chidambaranar Port Authority located in Tamil Nadu’s Thoothukudi district has secured backing from the Public-Private-Partnership Appraisal Committee (PPPAC) to build a 4 million twenty-foot equivalent units (TEUs) capacity
NEW DELHI : Narcotics hauls and drug busts across India’s ports and coastal waters have led to seizure of 2,826 kg of banned substances so far in 2023. Methamphetamine accounted for 99 per cent
MUMBAI : KPMG in India and Lineaje Inc, announced an alliance that will provide organisations and clients with offerings, that enable complete visibility and control over their software supply chain. Together both KPMG in
NEW YORK : Supply chain diversification will help economies like India contribute more to global trade, Fitch Ratings said in a report released Wednesday, as it projected near shoring and friend-shoring to improve prospects