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November 16, 2023

Rupee jumps 24 Paise against US Dollar

Trade, Business, COMMERCE, Economy, Trending News
NEW DELHI : The Rupee appreciated 24 Paise to close at 83.09 against the US Dollar on Wednesday as the American currency retreated from its elevated levels after the US inflation came lower than
November 16, 2023

Afghanistan urges Pakistan to release 1,000s of containers from Karachi port

International Shipping, Foreign Ports, Global Trade, Trending News
ISLAMABAD : Afghanistan urged Pakistan on Tuesday to release thousands of containers of imports it said were stuck at Karachi Port since Islamabad clamped down on transnational cargo. Pakistan authorities say they have lost
November 16, 2023

ZIM reports over US$2.2 billion loss in third quarter

International Shipping, Logistics, Shipping Line, Trade, Trending News
HAIFA : Israeli container line ZIM has announced a net loss of US$2.27 billion in the third quarter of the year, while the company achieved a US$1.66 billion net income in the same period
November 16, 2023

Box volumes grow at Saudi Ports in October

Foreign Ports, Logistics, Shipping, Trending News
RIYADH : For October 2023, the Saudi Ports Authority (Mawani) announced a 5.31% growth in container handling throughout its ports. A total of 741,905 TEUs were handled, translating to an increase over the 704,486 TEUs
November 16, 2023

CJ Logistics deploys 140 wheeled robots for increased shipping efficiency across Asia-Pacific

International Shipping, Logistics, Technology, Trending News
INCHEON : CJ Logistics, with its Global Distribution Center (GDC) in Incheon, is currently testing a new way to process stored goods to get them ready for international shipping more efficiently. One hundred and
November 16, 2023

Seaqualize successfully executes first ever offshore transfer lifts on Vineyard Wind 1

International Shipping, Maritime, Trending News
UTRECHT : Dutch heave compensation specialist Seaqualize executed the world’s first offshore transfer lifts of wind turbine components from a heaving supply vessel. Their newly developed offshore lifting device, the Heave Chief 1100 is
November 15, 2023

India-U.K. FTA – Next round of talks expected soon

Trade, Business, COMMERCE, Global Trade, Trending News
NEW DELHI : Chief negotiators of India and the UK are expected to soon hold next round of talks for the proposed Free Trade Agreement to iron out differences on issues such as automobiles, medical devices, and movement
November 15, 2023

Jaishankar meets UK’s new FS David Cameron, holds talks on trade pact, West Asia

Trade, Business, COMMERCE, Export - Import, Trending News
NEW DELHI : : India and the UK discussed ways to take forward their negotiations on a free trade agreement (FTA) and global challenges such as the Israel-Hamas conflict and the Ukraine war during a
November 15, 2023

‘Tuna-Tekra greenfield container terminal is game-changer for Kutch region’

Trending News, Container Terminal, Ports, Shipping
GANDHIDHAM : The ₹5,000-crore greenfield mega container terminal to be developed and operated by DP World, Dubai, at Tuna-Tekra, 16 km from Deendayal Port in Kandla, Gujarat, will be a game changer for the
November 15, 2023

Box lines announce new efforts to hike rates on India-US Trades

International Shipping, EXPORT, Global Trade, Logistics, Shipping Line, Trade, Trending News
MUMBAI : Container lines serving the India-US trade seem to have realised that pushing through hefty general rate increases (GRIs) or peak season surcharges (PSSs) is a hard game, unless cargo volumes tick up in
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