Piyush Goyal announces introduction of Diamond Imprest
NEW DELHI : Union minister of Commerce and Industry Shri Piyush Goyal announced restoration of GJEPC, which allows import duty exemption on cut and polished diamonds up to a
Garment sector facing uncertainty due to Bangladesh crisis, may return normalcy soon: FM Sitharaman
NEW DELHI : Bangladesh garment and knitted fabric sector was facing a “bit of uncertainty” but expressed hope that the country’s interim government would resolve the situation soon
Even Suez Canal restart is No Silver Bullet for Container Shipping Turbulence, warns Lars Jensen
COPENHAGEN : Shippers should anticipate continued volatility in container shipping freight markets through 2025, with even the re-start of operations through the Suez Canal not guaranteeing immediate respite
India takes connectivity to new level; introduces 8 national high-speed road corridors spanning 936
NEW DELHI : Aiming to enhance logistics efficiency, reduce congestion, and improve connectivity nationwide, India took a significant leap by introducing 8 national high-speed road corridors spanning 936
Decarbonizing freight transport in India
NEW DELHI : With massive investment in capacity augmentation, Indian Railways (IR) has been trying very hard to attract non-bulk traffic for more than a decade now, but with limited
China-Europe Railway Express freight volume up 11% in Jan.-July period
BEIJING : The China-Europe Railway Express operated a total of 11,403 trains that transported nearly 1.23 million twenty-foot equivalent units (TEUs) of goods in the first seven months
New York Shipping Exchange recalibrates strategy amid global shipping challenges
NEW YORK : The New York Shipping Exchange has modified its operating strategy, responding to a significant shift in how customers contract for container shipments. Rather than focusing largely on
YM vessel explosion at Ningbo-Zhoushan Port raises serious safety concerns
NINGBO : A major explosion has occurred on a Yang Ming boxship while berthed at the port of Ningbo-Zhoushan in China in another incident that raises serious safety concerns. “This
Seaspan has ordered 27 container vessels in June only
VANCOUVER : The containership new building market has accelerated notably in 2024 and at a very high pace over the last couple of weeks. Seaspan Corporation has given
Global trade conditions continue to deteriorate in July
NEW YORK : The worldwide Purchasing Managers’ Index (PMI) surveys compiled by S&P Global Market Intelligence indicated that global trade continued to deteriorate headed into the second half
