CHENNAI : The Chennai Bench of Customs,Excise and Service Tax Appellate Tribunal ( CESTAT ) set aside penalties imposed on a Custom House Agent employee, holding that procedural lapses such as failing to verify
NEW DELHI : Centre has reduced the Basic Customs Duty (BCD) on crude edible oils namely crude sunflower, soyabean, and palm oils has been reduced from 20% to 10% resulting in the import duty differential
BENGALURU : Simplilearn, a global leader in digital upskilling, announced its strategic partnership with SP Jain School of Global Management to offer the Digital Supply Chain Management Certification. This industry-aligned program equips professionals with
PANAMA CITY : Container ship traffic through the Panama Canal reached a new milestone in the first five months of 2025, with 1,200 transits recorded in both directions, according to data from Alphaliner. This
LONDON : A new study by UCL Energy Institute Shipping and Oceans Research Group, Wageningen University & Research, and University of East Anglia, revealed that private voluntary standards, such as the Poseidon Principles and
ADDIS ABABA : The British International Freight Association (BIFA) has signed a Memorandum of Understanding (MoU) with the Ethiopian Freight Forwarders and Shipping Agents Association (EFFSAA) aimed at helping to modern and enhance the
LONDON : The Baltic Exchange’s Dry Bulk Sea Freight index, which tracks rates for vessels transporting dry commodities, rebounded to its highest level in nearly seven months on higher rates across vessel segments. The
NAVI MUMBAI : Jawaharlal Nehru Port Authority (JNPA), India’s largest container gateway, reported a robust 16.97% year-on-year growth in container traffic for May 2025, underscoring the port’s growing role in global and domestic supply
KOCHI : The Indian National Centre for Ocean Information Services (INCOIS) has issued advisories warning of drifting containers and a potential oil spill following a major fire on the Singapore-flagged cargo vessel Wan Hai
MUMBAI : The two recent ship accidents off the Kerala coast in the last weeks are expected to impact cargo insurance providers. While Indian cargo insurers had some exposure, the vessels involved were container