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February 9, 2024

India Exim Bank forecasts about Merchandise Exports Growth upto 3% in Q4 despite Red Sea crisis

Export - Import, Trade, Trending News
NEW DELHI : The Export-Import Bank of India (India Exim Bank) has forecast a 3% growth in India’s merchandise exports in the final quarter of FY24 despite the ongoing disturbances in the Red Sea. The
February 9, 2024

India hopes to conclude the India-Peru FTA by next week

Trade, COMMERCE, EXPORT, Trending News
NEW DELHI : India will resume trade talks with Peru next week after a long gap hoping that a Free Trade Agreement will conclude in the next few rounds of discussions. The trade talks generate more
February 9, 2024

Govt directs ECGC to maintain moratorium on insurance rates for exporters

EXPORT, COMMERCE, Trending News
NEW DELHI : The government on Wednesday said it has directed the Export Credit Guarantee Corporation (ECGC) to maintain a moratorium on insurance rates for Indian exporters in the wake of the Red Sea
February 9, 2024

Adani Ports and Abu Dhabi Ports sign MoU to buy Tanzania International Container Terminal Services

Ports, Container Terminal, Trade, Trending News
ABU DHABI : East Africa Gateway Ltd, an associate company of Adani Ports and Special Economic Zone Ltd (APSEZ) incorporated in the United Arab Emirates, has agreed to buy Tanzania International Container Terminal Services
February 9, 2024

India may start LNG supplies to Sri Lanka by 2025-end

LNG, Maritime, Trending News
NEW DELHI : India is likely to start supplying liquefied natural gas (LNG) to Sri Lanka by the end of next year and will eventually establish an offshore regasification terminal at the Colombo Port.
February 9, 2024

Maersk partners with PUMA for first semi-automated omnichannel fulfilment distribution centre in Chile

International Shipping, Global Trade, Trending News
COPENHAGEN : A.P. Moller – Maersk (Maersk) partners with Global Key Partner PUMA to operate the first semi-automated omnichannel fulfilment distribution centre in Santiago de Chile. The warehouse and distribution solution will provide PUMA
February 9, 2024

Amid Red Sea crisis, India gets a specific zone in Duqm Port

International Shipping, Foreign Ports, Trending News
NEW DELHI : Oman has allotted a specific zone to India in the strategically located Port of Duqm, less than two months after the visit of Sultan Haitham bin Tariq to New Delhi, a development that will help
February 9, 2024

V-Trans (India) targets Rs 3,000 Crore turnover by 2026

Logistics, Business, Trade, Trending News
MUMBAI : Logistics firm V-Trans (India) on Thursday said it is targeting a turnover of Rs 3,000 crore by 2026. The company also said it had outlined a comprehensive strategy focusing on surface transport
February 9, 2024

CMA CGM applies new overweight surcharges from India

International Shipping, Shipping Line, Trending News
MARSEILLE : French-headquartered box line CMA CGM has announced a new overweight surcharge (OWS) effective from 7 February 2024 until further notice. The surcharge applies to cargo originating from Indian ports such as Nhava
February 9, 2024

Gujarat unveils plans for 3 new airports to boost connectivity

Aviation, Infrastructure, Tourism, Trending News
AHMEDABAD : In a bid to promote tourism and upgrade the infrastructure, Gujarat has announced plans for three new airports, including one near the iconic Statue of Unity in Kevadia. This plan was unveiled
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