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October 14, 2023

Nokia’s Chennai plant exports 50% of production

EXPORT, Business, Company, Technology, Trade, Trending News
CHENNAI : Nokia’s Chennai manufacturing facility exports 50 per cent of the production and has so far manufactured seven million telecom units, the company said in a media statement Thursday. The 15-year old factory in Chennai is
October 14, 2023

Indian exports decline by 2.59% YoY to $34.47 bn in September

EXPORT, COMMERCE, Trade, Trending News
NEW DELHI : India’s exports declined by 2.59 per cent to $34.47 billion in September against $35.4 billion in September 2022, according to the data released by the Ministry of Commerce on Friday. Overall
October 14, 2023

India far from replacing China as global growth engine : HSBC

Economy, Business, COMMERCE, Global Trade, Trade, Trending News
NEW DELHI : India’s impressive recent economic gains are unlikely to displace China as the world economy’s main growth engine anytime soon, according to HSBC Holdings Plc. “The numbers don’t exactly add up,” Economists Frederic Neumann
October 14, 2023

DGFT announces Two-Week Export Obligation Discharge Certificates (EODC) Camp for Pending Applications

DGFT, EXPORT, Trade, Trending News
NEW DELHI : The DGFT issued Trade Notice No. 29/2023-24 dated October 13, 2023, with the aim of expediting the processing of pending applications for Export Obligation Discharge Certificates (“EODC”) for Advance Authorisations and EPCG.
October 14, 2023

Maersk’s first large methanol boxship floated out at HHI

International Shipping, Shipping Line, Trending News
COPENHAGEN : Maersk’s world’s first large 16,200 Teu-containership powered by methanol has been floated out of its building dock at Hyundai Heavy Industries. The ship is the second of 25 dual fuel ships that
October 14, 2023

Saudi Ports increase box volumes in September

Foreign Ports, Trade, Trending News
RIYADH : The Saudi Ports Authority (Mawani) has reported an 11.66% surge in container traffic across its trade hubs during September, handling 732,293 TEUs, in comparison to 655,831 TEUs a year earlier. Monthly statistics
October 14, 2023

Hapag-Lloyd increases rates from Turkiye and Bangladesh

International Shipping, Shipping Line, Trending News
HAMBURG : German ocean carrier Hapag-Lloyd has announced new ocean tariff rates from Turkiye and Bangladesh, which will be effective from 1 November. The updated prices from Turkiye to Middle East and Indian Subcontinent
October 14, 2023

ONE now the most carbon-efficient carrier, as ‘shipping gets greener’

International Shipping, Shipping Line, Trending News
SINGAPORE : Ocean Network Express (ONE) has been named by Xeneta as the most carbon-efficient carrier this year – and long-term measurements show shipping is “getting greener”, the research firm claimed. Emissions on the
October 14, 2023

CEVA Logistics to use robots from Boston Dynamics in new California transload facility

Logistics, Technology, Trending News, Warehousing
CALIFORNIA : CEVA Logistics recently opened a 12,540 m² transload facility, where robots from Boston Dynamics will be used to serve CEVA’s customers at the site within miles of both the ports of Long
October 14, 2023

Leading-edge lecture by WCO Secretary General to WCO scholars in Japan

Customs, Trade, Trending News
BRUSSELS : On 13 October 2023, the Secretary General of the World Customs Organization (WCO), Dr. Kunio Mikuriya, delivered a special lecture to WCO scholars studying at the National Graduate Institute for Policy Studies
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