BLOOMBERG : Extreme weather in China is becoming the latest challenge to global supply chains, as a heavy typhoon season threatens to further delay goods stuck at some of the world’s busiest container ports.
COCHIN : The sea trials of India’s First Indigenous Aircraft Carrier (IAC) Vikrant, the largest and most complex warship built in the country, began its sea trials on Wednesday. The Indian Navy described it
NEW DELHI : Prime Minister Shri Narendra Modi will on Friday meet India’s missions abroad, export promotion councils and the industry to discuss ways to promote exports and achieve the ambitious target of $400
NEW DELHI : The CBIC launched a portal to provide information on customs procedures and regulatory compliance. The Indian Customs Compliance Information Portal (CIP) at www.cip.icegate.gov.in/CIP will provide free access to information on all Customs
NEW DELHI : Government is committed for promoting Indian exports in international markets and suitable interventions are done from time to time, stated Minister of State in the Ministry of Commerce and Industry, Anupriya
SINGAPORE : Singapore terminal operator PSA Corporation Ltd (PSA) and Indonesian shipping company PT Samudera Indonesia Tangguh (Samudera) signed a Memorandum of Understanding (MOU) to work towards exploring innovative ways to promote cargo connectivity
CALIFORNIA : Container shipping lines are continuing to add new services to eastbound trans-Pacific trade lanes as strong demand and record high freight rates attract more carry capacity for Asia-to-North America cargoes. Honolulu-based shipowner
SINGAPORE : Huge profit gains in ocean shipping have become commonplace this year. But Ocean Network Express’ year-over-year profit increase — 1,432% — is still attention-grabbing. For its fiscal 2021 first quarter, ONE recorded
MERSEILLES : CMA CGM has announced new surcharges from European ports to several American destinations that will be effective from 1 September. In particular, the French carrier will impose a Peak Season Surcharge (PSS)
MUMBAI : The world’s recovery from the coronavirus pandemic has sent prices for energy, metals and food soaring, helping big commodity exporters while hammering those nations that buy the bulk of their raw materials