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February 7, 2023

Budget 2023-24 : Import, export & current deficits

Export - Import, Trending News
NEW DELHI : Budget 2023-24 shows that custom duties have been reduced for some important inputs to reduce costs of production of goods while the same has been increased on some others to correct
February 7, 2023

35 MMLPs Planned, land identified only for 13 including Mumbai, Hyderabad

Logistics, Trending News
NEW DELHI : In October 2017, when the Cabinet Committee on Economic Affairs (CCEA) mandated the road ministry to develop 35 Multi-Modal Logistics Parks (MMLP) across the country. However, after over five years, land
February 7, 2023

Railways earns Rs 135387 Cr from freight loading in this financial year till January 2023

Railway, Trending News
NEW DELHI : On mission mode, Indian Railways‘ Freight loading for first ten months of this financial year 2022-23 crossed last year’s loading and earnings for the same period. On cumulative basis from April
February 7, 2023

Turkey quake : Boxes catch fire at Iskenderun Port after shutdown

Foreign Ports, Trending News
TURKEY : A major earthquake hitting southeast Turkey and northern Syria has caused operations at Iskenderun, a small Turkish port in the Gulf of Alexandretta, to shut down. Later on Monday video footage showed
February 7, 2023

Maersk Asia Pacific market update (January 2023)

International Shipping, Trending News
COPENHAGEN : The global demand outlook shows little sign of any short-term improvement. The developed nations are still facing inflationary and recessionary pressures which is dampening the outlook in Asia. Container demand has continued
February 7, 2023

CMA CGM announced the NC LEVANT new service setup

International Shipping, Trending News
MARSEILLE : CMA CGM announced the NC LEVANT new service setup, which aims to improve regional coverage after the company’s recent investment in Egypt’s Trans Misr Terminal (TMT). The updated rotation will be Felixstowe
February 7, 2023

Drewry: Multipurpose Time Charter Index Remained Flat in January

International Shipping, Trending News
LONDON : The Drewry Multipurpose Time Charter Index tracks one-year period charter rates across a basket of vessel types and sizes and forecasts the market movement over the coming month. The vessel types include
February 7, 2023

Piraeus Port Authority & COSCO launches new car transportation service in EMEA region

Trending News, Transport
GREECE : Piraeus Port Authority (PPA) and COSCO Shipping Specialised Carriers jointly launched a new car shipment route and service in EMEA (Europe, the Middle East and Africa) region aiming to provide high quality
February 7, 2023

AquaChemie inaugurates $50m petrochemicals terminal at Jebel Ali Port

Foreign Ports, Trending News
JEBEL ALI : The $50m bulk liquid terminal is set to facilitate the growing petrochemical trade between manufacturers and end-users across the Middle East and elsewhere. “The $50 million terminal is set to be
February 6, 2023

India keen on expanding exports to Russia in FY 2023-24

EXPORT, Trending News
NEW DELHI : India is looking to grab a larger share of the Russian export market in the next financial year 2023-24 to tide over the headwinds in the global market. Moscow is keen
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