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November 17, 2023

DPA to recast Tuna multipurpose berth as bidders stay away

Ports, Container Terminal, Trending News
GANDHIDHAM : Deendayal Port Authority, the state-owned entity that runs the port located at Kandla in Gujarat, will likely scrap a tender – the second in the last 15 months – to build a
November 17, 2023

JSW Infrastructure receives letter of award to develop Keni Port in Karnataka for Rs 4,119 cr

Ports, Company, Infrastructure, Private Port, Trade, Trending News
BENGALURU : JSW Infrastructure on Thursday announced that it has emerged as the winning bidder for development of a commercial port at Keni in Karnataka on public private partnership basis. The Karnataka Maritime Board, Government of Karnataka has issued the Letter
November 17, 2023

Cross-border payments for MSMEs: Will it empower India’s exports?

EXPORT, Business, COMMERCE, Global Trade, Trade, Trending News
NEW DELHI : Facilitating seamless cross-border payments for MSMEs is a pivotal factor in propelling them towards achieving 60% of the formidable $2 trillion export target by 2030. In the pursuit of Prime Minister Shri
November 17, 2023

Govt considering several measures to help revive Special Economic Zones

Trending News, Business, EXPORT, Global Trade, Trade
NEW DELHI : The government is considering several measures such as a flexible framework for sale of products manufactured in special economic zones (SEZs) in the domestic market, easy de-notification norms, and streamlining approval
November 17, 2023

Centre cuts windfall tax on domestic crude sales, diesel exports

EXPORT, Fuel, Trade, Trending News
NEW DELHI : The union finance ministry on Thursday lowered the windfall tax on the sale of domestic crude oil to ₹6,300 a tonne, according to an official notification. For the past two weeks the
November 17, 2023

New tax refund scheme for exports faces US, EU action

EXPORT, Policy, Trade, Trending News
NEW DELHI : At least two Indian products are facing anti-subsidy action in the form of countervailing duty (CVD) in the US and EU due to their use of Remission of Duties or Taxes
November 17, 2023

FedEx delivered over $80 Billion in direct impact to the Global Economy in FY 2023: Annual Economic Impact Report

Logistics, Company, Economy, Trade, Trending News
MUMBAI : FedEx Corp. released its annual economic impact report, analyzing the company’s worldwide network and role in fueling innovation during its 2023 fiscal year (FY 2023). Produced in consultation with Dun & Bradstreet, a
November 17, 2023

CMA CGM, World’s no. 3 container carrier warns against price war

International Shipping, Logistics, Shipping Line, Trade, Trending News
MARSEILLE : CMA CGM, the World’s No. 3 container carrier, urged the industry to avoid a price war as the delivery of new vessels threatens to push global shipping to a protracted slump. “New
November 17, 2023

Solar-powered cruise ships to operate on Saryu River in Ayodhya

Cruise Tourism, Maritime, Shipping, Trending News
AYODHYA : Vikas Malviya, the Director of Varanasi-based Alaknanda Cruise, said that his company will offer the service. Equipped with state-of-the-art facilities, the ‘Ramayana’ vessels will aim to spread the knowledge of Lord Ram’s childhood, his
November 17, 2023

Mawani, CMA CGM Group launch $129 million logistics park at Jeddah Islamic Port

International Shipping, Foreign Ports, Logistics, Logistics Park, Trade, Trending News, Warehousing
RIYADH : The Saudi Ports Authority ‘Mawani’ and CMA CGM on Wednesday launched a new logistics park at Jeddah Islamic Port, with a total area exceeding 130,000 square metres and an investment value nearing
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