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October 28, 2023

Southern Dedicated Freight Corridor: Why it must be prioritised after EDFC and WDFC

Logistics, ICD, Infrastructure, Railway, Transport, Trending News
NEW DELHI : While two major DFCs are under construction in the eastern and western parts of the country, South India still lacks its dedicated freight corridor. India’s burgeoning economy relies heavily on the
October 28, 2023

Tata Group to acquire Wistron Unit to become first Indian iPhone maker

Technology, Business, Company, Trade, Trending News
BENGALURU : The Taiwan-based Wistron Corp., a contract manufacturer for Apple Inc., will sell its India unit to the Tata Group for $125 million, making the salt-to-software conglomerate the first Indian iPhone-maker. The company
October 28, 2023

TCI orders for Two New Container Vessels

Logistics, Company, Shipping, Shipping Line, Trade, Trending News
GURGAON : Transport Corporation of India Limited (TCI) has signed a contract with Nakanishi Shipbuilding Co. Ltd., Japan, to build two cellular container vessels of approximately 7,300 MT deadweight each. The total contract price is
October 28, 2023

Customs officer hails traders as real heroes of economy at EXIM-23 Summit

Export - Import, Associationn, Customs, Trade, Trending News
KOCHI : The trading community is the driving force of the economy and the government is promoting trade and commerce actively, Customs Commissioner Gurkaran Singh Bains said here on Friday. The Indian Revenue Service
October 28, 2023

APM Terminals and DP World join forces to accelerate decarbonisation of ports and terminals

Maritime, Container Terminal, Ports, Trending News
THE HAGUE / DUBAI : Two of the largest container port and terminal operators in the world, APM Terminals and DP World, announced an initiative to accelerate decarbonisation of the world’s terminals through the
October 28, 2023

Ashok Leyland expects 20% revenue from exports in 5 years : Dheeraj Hinduja

EXPORT, Company, Trade, Trending News
CHENNAI : Hinduja Group-owned commercial vehicles maker Ashok Leyland expects over one-fifth of its revenue to come from exports in the next five years, according to company’s Executive Chairman Dheeraj Hinduja. The thrust is
October 28, 2023

CBIC issued circular regarding the revision of All Industry Rates (AIRs) of Duty Drawback

Customs, COMMERCE, EXPORT, Export - Import, Import, Trade, Trending News
NEW DELHI : The CBIC issued Circular No. 26/2023-Customs dated October 26, 2023, regarding the revision of All Industry Rates (AIRs) of Duty Drawback. These revisions were notified in Notification No. 77/2023-Customs (N.T.) dated October 20,
October 28, 2023

Saudi Arabia seeks trade deals, mulls BRICS offer to lift exports

EXPORT, Business, Global Trade, Trade, Trending News
RIYADH : Saudi Arabia is looking to sign more free trade agreements and still considering joining the BRICS club of emerging nations, as it looks to boost non-oil exports, according to the Kingdom’s Minister
October 28, 2023

COSCO SHIPPING Ports reports over 35 million TEUs and US$360 million revenue in third quarter

International Shipping, Shipping Line, Trade, Trending News
SHANGHAI : COSCO SHIPPING Ports’ total throughput increased by 4.1% year-on-year to 35.6 million TEUs in the third quarter of 2023, while, the equity throughput increased by 2.7% year-on-year to 11.4 million TEUs. Moreover, the
October 28, 2023

BIMCO: Containerships hit their highest average age to date

Container, International Shipping, Logistics, Shipping, Shipping Line, Trending News
COPENHAGEN : Containerships have now reached their highest average age to date, standing at 14.2 years. This places them as the oldest vessels among the three major shipping sectors. In contrast, dry bulk vessels
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