Budget 2023-24 : Import, export & current deficits
NEW DELHI : Budget 2023-24 shows that custom duties have been reduced for some important inputs to reduce costs of production of goods while the same has been
35 MMLPs Planned, land identified only for 13 including Mumbai, Hyderabad
NEW DELHI : In October 2017, when the Cabinet Committee on Economic Affairs (CCEA) mandated the road ministry to develop 35 Multi-Modal Logistics Parks (MMLP) across the country.
Railways earns Rs 135387 Cr from freight loading in this financial year till January 2023
NEW DELHI : On mission mode, Indian Railways‘ Freight loading for first ten months of this financial year 2022-23 crossed last year’s loading and earnings for the same
Turkey quake : Boxes catch fire at Iskenderun Port after shutdown
TURKEY : A major earthquake hitting southeast Turkey and northern Syria has caused operations at Iskenderun, a small Turkish port in the Gulf of Alexandretta, to shut down.
Maersk Asia Pacific market update (January 2023)
COPENHAGEN : The global demand outlook shows little sign of any short-term improvement. The developed nations are still facing inflationary and recessionary pressures which is dampening the outlook
CMA CGM announced the NC LEVANT new service setup
MARSEILLE : CMA CGM announced the NC LEVANT new service setup, which aims to improve regional coverage after the company’s recent investment in Egypt’s Trans Misr Terminal (TMT).
Drewry: Multipurpose Time Charter Index Remained Flat in January
LONDON : The Drewry Multipurpose Time Charter Index tracks one-year period charter rates across a basket of vessel types and sizes and forecasts the market movement over the
Piraeus Port Authority & COSCO launches new car transportation service in EMEA region
GREECE : Piraeus Port Authority (PPA) and COSCO Shipping Specialised Carriers jointly launched a new car shipment route and service in EMEA (Europe, the Middle East and Africa)
AquaChemie inaugurates $50m petrochemicals terminal at Jebel Ali Port
JEBEL ALI : The $50m bulk liquid terminal is set to facilitate the growing petrochemical trade between manufacturers and end-users across the Middle East and elsewhere. “The $50
India keen on expanding exports to Russia in FY 2023-24
NEW DELHI : India is looking to grab a larger share of the Russian export market in the next financial year 2023-24 to tide over the headwinds in