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February 14, 2024

Allcargo Logistics falls 5% after Q3 net profit declines 88% on poor revenue

Logistics, Trade, Trending News
MUMBAI : Allcargo Logistics Limited and Allcargo Gati Limited, part of the Allcargo Group has announced plans to demerge the International Supply Chain (ISC) business into a separate entity Allcargo ECU Limited, and the
February 14, 2024

Expect marginal impact of Red Sea crisis on tyre industry, says JK Tyre MD and ATMA Chairman

Export - Import, International Shipping, Trade, Trending News
NEW DELHI : While numerous automakers have witnessed some increase in ocean freight costs due to the ongoing Red Sea crisis, homegrown tyre maker JK Tyre and Industries asserts that it does not foresee
February 14, 2024

India IT Ministry fears losing out to China, Vietnam in smartphone exports race

EXPORT, Technology, Trending News
NEW DELHI : India risks losing out to China and Vietnam as it seeks to become a major smartphone export hub and must “act fast” to lure global companies with lower tariffs, the Deputy IT Minister said in government
February 14, 2024

Gujarat Engineering Exports grew by 7% in April to December period

EXPORT, Trade, Trending News
AHMEDABAD : The engineering sector in Gujarat saw exports grow despite negative global factors such as high inflation and the Ukraine-Russia war. The Indian engineering industry registered exports worth $69 billion in April to December 2022,
February 14, 2024

Russia and Saudi Arabia pull up sagging engineering exports 

Trade, EXPORT, Trending News
NEW DELHI : Russia and Saudi Arabia are preventing a steep fall in exports of engineering goods from India. Thanks, at least partly, to these two countries, engineering goods exports this year are expected to exceed the achievement of
February 14, 2024

Maersk stops Oakland Port calls on WCCA 2 Service

International Shipping, Foreign Ports, Trending News
COPENHAGEN : Maersk decided to temporarily remove the Port of Oakland from the WCCA 2 Service port rotation. The Danish company said it took this action to maintain schedule reliability. The Oakland call removal
February 14, 2024

US now has an 85% chance of recession in 2024, the highest probability since the Great Financial Crisis : Economist David Rosenberg

International Shipping, Economy, Global Trade, Trending News
NEW YORK : A recession is likely to hit the US Economy in 2024, a new economic model highlighted by the economist David Rosenberg suggests. The economic indicator, which Rosenberg calls the “full model,”
February 14, 2024

Kalmar to enhance Réunion Island box terminal with hybrid equipment

International Shipping, Container Terminal, Ports, Trending News
MARSEILLE : Kalmar and CMA CGM’s subsidiary CMA Terminals have reached an agreement for the supply of three Kalmar hybrid straddle carriers to SAMR, a terminal located on Réunion Island. The order was registered
February 14, 2024

IMO Sub-Committee on human element, training and watchkeeping (HTW 10)

International Shipping, Maritime, Trending News
LONDON : The 10th session of the IMO’s Sub-Committee on Human Element, Training and Watchkeeping (HTW 10) was held from 5 to 9 February 2024. A comprehensive revision of the STCW Convention and Code
February 14, 2024

Airseas, a revolutionary maritime company achieves major milestone pulling cargo ships with Giant kites

International Shipping, Maritime, Trending News
FRANCE : Airseas, the French company with the lofty goal of helping to propel cargo ships with giant kites, ended 2023 with successful sea trials. It’s the next step toward the ultimate goal of outfitting
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India Shipping News is an Online Web Portal which delivers fastest and most relevant current news on Shipping, Logistics, Maritime and Export- Import industry.

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