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February 6, 2023

Early hints of container demand rebound expectations seen in China

Container, International Shipping, Trade, Trending News
HAMBURG : An increase in port congestion and container pickup charges in China point to a recovery in demand for container transportation. According to date from container logistics platform Container xChange, pickup charges from
February 6, 2023

NYK Donates 3 Million Yen to Nishio City in Aichi Prefecture

CSR, International Shipping, Shipping Line, Trending News
TOKYO : NYK will donate 3 million yen to Nishio City for the purpose of environmental conservation on Sakushima Island in Aichi Prefecture. A ceremony recognizing the donation was held on February 2 at
February 6, 2023

Jeddah Islamic Port Welcomes 60K Tons of Barley

Foreign Ports, Trending News
RIYADH : In line with its strategic commitment towards strengthening the Kingdom’s food supply chains, Jeddah Islamic Port has received MV Sara, a dry bulk carrier owned by Saudi Arabia’s national shipping company Bahri,
February 6, 2023

FESCO dispatches batch of electric cars from China to Russia

Logistics, Trending News
GUANGZHOU : FESCO Transportation Group planned a dispatch of new electric cars from the Chinese city of Guangzhou to Moscow in Russia via border crossing Khorgos/Altynkol (China/Kazakhstan). The electric cars were carried in two
February 6, 2023

Chery in shipyard venture to build its own car carriers

Ship Building, Foreign Ports, International Shipping, Maritime, Trending News
WEIHAI: Chinese automotive manufacturer Chery is going to develop car carrier construction base in Weihai, Shandong province, to meet its growing automobile transportation demands. Chery will partner with Wuhu Shipyard to develop a car
February 6, 2023

Virginia Inland Port gets all operational power needs from clean-energy resources

Foreign Ports, Trending News
VIRGINIA : Virginia Inland Port (VIP), an intermodal container transfer facility in Front Royal, Virginia (Warren County) owned by the Virginia Port Authority, is fulfilling all of its operational electricity needs from clean-energy resources,
February 4, 2023

India’s customs duty change to dial up local phone production : Tax official

Customs, EXPORT, Trending News
NEW DELHI : India expects to manufacture more mobile phones this year after the government eliminated import tariffs on some components used to assemble high-end phones from global companies such as Apple Inc, a
February 4, 2023

Mandaviya assures govt support to investors investing in plastic industry

Trade, Trending News
NEW DELHI : Chemical and Fertilisers Minister Shri Mansukh Mandaviya on Friday called on investors to invest in Indian plastic industry and assured a strong government support. Addressing CEOs conclave at PLASTINDIA 2023 here, the minister said, “the country
February 4, 2023

US emerges as India’s Top Destination for goods Exports during April-December 2022

EXPORT, Trade, Trending News
NEW DELHI : The US has emerged as India’s top destination for merchandise exports during April-December this fiscal at USD 59.7 billion, Parliament was informed on Friday. In a written reply to the Rajya
February 4, 2023

OPINION : Budget 2023 Government proposals give a push to logistics sector

Logistics, Infrastructure, Technology, Transport, Trending News
The Indian economy, which is currently the fifth-largest in the world, aims to reach $5 trillion in GDP by 2025. The rise of India’s logistics sector, which supports numerous businesses and employs 22 million
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