March 31, 2021
February 1, 2026
March 31, 2021
PIL restructuring completed
The restructuring of Pacific International Lines (PIL), the world’s 12th largest liner company, has been completed with a unit of Singapore’s sovereign wealth fund coming in with $600m to save the SS Teo-led carrier.
March 31, 2021
Suez Canal accounts for $200 billion of trade for India, says Special Secretary Logistics
The Suez Canal blockage has finally come to an end with the massive container ship, Ever Given being refloated yesterday (March 29) after almost a week. The block is likely to have caused over
March 31, 2021
Maersk appoints Navneet Kapoor, CTIO to its Executive Board
The Board of Directors of A.P. Moller – Maersk has appointed Chief Technology & Information Officer (CTIO) Navneet Kapoor to its Executive Board with effect from 1 April 2021. The appointment is both a
March 31, 2021
CBIC notifies new system for filing bill of entry for importers
The Central Board of Indirect Taxes and Customs (CBIC) has notified a new system for filling Bills of Entry (BE) for Import.Tax officials feel the new system will help in a quicker clearance of
March 31, 2021
Suez Canal blockage to have ripple effect on the container trade
Will aggravate the already global container imbalance and increase freight rates in the coming days It was a big relief for the global maritime trade as the container ship ‘Ever Given’ that blocked the
March 31, 2021
Mapletree enters logistics biz on buying KSH Infra from Morgan Stanley arm
Singapore-listed Mapletree Logistics Trust (MLT) has bought logistics firm KSH Infra from a unit of Morgan Stanley Real Estate Investing (MSREI). KSH Infra owns warehousing properties in Pune. The transaction marks MLT’s entry into
March 30, 2021
Suez Canal blockage: impact for India will be evident by May-June
On March 23, 2021, the ultra-large Panama-flagged 20,388-TEUs 400-metre Evergreen-operated container ship MV Ever Given on route from Shenzhen, China to Rotterdam, Netherlands got stuck at Suez Canal and is causing a huge blockage
March 30, 2021
India’s goods exports to stand at $290 bn in FY21 : Piyush Goyal
NEW DELHI: India’s goods exports will stand at USD 290 billion for the financial year ending March, 7 per cent short of the shipments in the previous fiscal, Union Minister Piyush Goyal said recently
March 30, 2021