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July 17, 2024

Chinese research vessel heading to Maldives again, 3rd port call likely in island country this year

International Shipping, Defence, Maritime, Trending News
MALE CITY : Chinese research vessel Xiang Yang Hong 03 entered the Indian Ocean on Friday and was on its way to the Maldives, local media reported. The ship has made at least two port calls
July 17, 2024

US importers balk at return of $10,000 container shipping rate

Export - Import, International Shipping, Trending News
LOS ANGELES : The cost to ship a standard 40-foot container of toys, auto parts or other goods from Shanghai to New York has jumped to nearly $10,000, fueling frustration among importers and prompting
July 17, 2024

KR Hosts 19th European Committee Meeting in London, Highlighting Decarbonization and Digitalization Advances

International Shipping, Maritime, Trending News
LONDON : KR held the 19th KR European Committee (KREC) meeting in London, UK, on July 1st. The KREC, established in 2004, includes members from major international maritime organizations and key European KR customers
July 17, 2024

Boosting African Port Efficiency: Stakeholders conclude key African Development Bank workshop on Connectivity Portal

International Shipping, Foreign Ports, Trending News
ABIDJAN : The African Development Bank has successfully concluded a two-day preparatory workshop on implementing the African Ports Connectivity Portal Project (APC-PP) to improve data collection and connectivity among the continent’s ports. Held in
July 16, 2024

IWAI to provide of technical assistance to transport department for development of NW 101 for navigation

Maritime, Coastal Shipping, Inland Waterways, Ports, Shipping, Terminal, Trending News, Water Transport
DIMAPUR : The Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal announced major initiatives aimed at enabling the waterways potential of Nagaland during the Stakeholder’s Conference held in Dimapur, Nagaland. The Chief
July 16, 2024

India’s total exports estimated to grow at 5.40% in June 2024

EXPORT, Trade, Trending News
NEW DELHI : India’s total exports (Merchandise and Services combined) for June 2024* is estimated at USD 65.47 Billion, registering a positive growth of 5.40 percent vis-à-vis June 2023. Total imports (Merchandise and Services
July 16, 2024

Third consecutive increase in merchandise exports, while going through extraordinary logistic challenges, shows the resilience of the sector: FIEO President

EXPORT, Logistics, Ports, Trade, Trending News
NEW DELHI : Responding to the Monthly exports figures of June 2024, FIEO President, Mr Ashwani Kumar said that the third consecutive increase in merchandise exports by 2.55 percent to USD 35.2 shows the
July 16, 2024

DFC likely exempt from 18% GST, boosting Indian Railways revenue model

Logistics, Customs, DFC, Trending News
NEW DELHI : India’s Dedicated Freight Corridor, a special-purpose vehicle of the Indian Railways, is likely to be exempted from the purview of an 18 per cent GST, thereby eliminating the need to work
July 16, 2024

India is hoping of exports more than $800 billion this year, first quarter crosses $200 billion : Commerce Secretary

EXPORT, COMMERCE, Economy, Finance, Trade, Trending News
NEW DELHI : India is hopeful of exceeding $800 billion in exports this fiscal year with overall exports crossing $200 billion in the first quarter of the fiscal. “The quarterly figures are quite optimistic.
July 16, 2024

FMC issues request for additional information regarding Gemini Agreement

International Shipping, Maritime, Trade, Trending News
LONDON : A global operational alliance between two of the world’s largest container shipping companies will not go into effect next week because more information is needed by the Federal Maritime Commission to determine
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