BENGALURU : Xiaomi has come out clean for the price hike of all its mobile phones including its popular smartphone Redmi Note 10 during the last few weeks. The company says that it has had
China’s import and export growth accelerated in August despite disruptions due to the spread of the coronavirus’s delta variant. Exports rose 25.6% over a year earlier to $294.3 billion, up from July’s 18.9% growth,
The China Ningbo Containerized Freight Index (NCFI), a wind vane of China’s busiest port’s freight rates for the international container shipping market, stood at 3,862.6 points in August, up 8.6 percent compared with the
The world’s first liquefied natural gas (LNG)-fuelled very large crude carrier (VLCC) has commenced its sea trials in Chinese waters, after completing the construction phase. The 318,000 dwt vessel was built by Dalian Shipbuilding
Scan Global Logistics (SGL) has signed an agreement to acquire New Zealand Freight Forwarder Orbis Global Logistics Limited. Orbis will become the newest member of the SGL family on 5 October. SGL and Orbis
Japanese shipping major Kawasaki Kisen Kaisha (K Line) has reached an agreement with LPG importer Gyxis to enter into a time charter contract based on a new LPG-fueled VLGC for LPG/ammonia transport. The 86,700
Bureau Veritas (BV), a world leader in testing, inspection, and certification (TIC), has developed a formalized approach to support the safe carriage of containers in bulk carriers. BV’s Guidance for Studying and Preparing a
WASHINGTON : The Federal Maritime Commission (FMC) in the United States has been alerted to reports that ocean carriers are refusing import cargoes of hazardous materials, to the harm of chemical supply chains for
Zero Emission Services (ZES) will deploy the inland vessel Aplhenaar to transport Heineken beers between Alphen aan den Rijn and Moerdijk, through containers run in batteries. Aplhenaar is the first ship in the Netherlands
MERSEILLES : The French shipping group CMA CGM has started its terminal operations at the Taiwanese port of Kaohsiung on 1 September, after its 20-year terminal lease extension agreement with Taiwan International Ports Corporation.