August 23, 2024
March 22, 2026
August 23, 2024
M1xchange launches international trade financing platform for Indian MSMEs at GIFT City
GANDHINAGAR : M1xchange, a digital invoice discounting platform for MSMEs, has set up an international platform —M1NXT ITFS— in GIFT City to enable Indian MSMEs avail global factoring services. This international trade financing services
August 23, 2024
India’s GDP growth to fall to six-quarter low of 6% in Q1 FY2025: ICRA
NEW DELHI : India’s Economic Growth in the first quarter of the current fiscal (Q1 FY25) is expected to slide on a year-on-year (YoY) basis. Rating firm ICRA has projected the YoY expansion of
August 23, 2024
Maersk says global trade ‘Resilient’ amid economic challenges
COPENHAGEN : Maersk’s latest Asia Pacific Market Update paints a picture of resilient global trade despite economic challenges. The report highlights a robust global economy with 2.6% projected GDP growth for 2024, driven by U.S. expansion
August 23, 2024
MSC’s market share now nearly 20%, Maersk under pressure
GENEVA : MSC now has a market share of nearly 20% in the container the shipping industry, an all-time high for any liner operator. According to Alphaliner, MSC has added at least 400,000 TEUs
August 23, 2024
X-Press Feeders Expands Europe’s First Green Methanol-Powered Feeder Network with the Launch of Green Baltic X-PRESS
ROTTERDAM : X-Press Feeders, the world’s largest independent common carrier, today announced the launch of its second green methanol-powered route, the Green Baltic X-PRESS (GBX). It is part of Europe’s first scheduled feeder network
August 23, 2024
DHL names last-mile mobility startup as sustainability challenge winner
SINGAPORE : DHL has named TUX mobility the winner of its latest Fast Forward Challenge. Headquartered in the Netherlands and producing in India, TUX mobility is a developer of the world’s first solar-powered, light
August 23, 2024
APMT bets on terminal development in Pakistan as subcontinent trade expands
KARACHI : Growing trade volumes out of the Indian subcontinent amid the trade diversification in Asia are driving global maritime investors to pour more money into the market. Maersk subsidiary APM Terminals is weighing
August 23, 2024
Saudi Red Sea Authority and King Abdullah University of Science and Technology sign an MoU
RIYADH : The Saudi Red Sea Authority (SRSA) has signed a Memorandum of Understanding (MoU) with King Abdullah University of Science and Technology (KAUST) to explore aspects of cooperation in biodiversity sustainability, support for
August 23, 2024