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August 17, 2024

Exports shrink 1.5% in July, trade deficit widens to $23.5 billion

Export - Import, Trade, Trending News
NEW DELHI : India’s merchandise trade deficit rose to the highest level in nine months in July on the back of high crude imports and a contraction in overall goods exports after three straight
August 17, 2024

IMF’s Gita Gopinath says India to become 3rd-largest economy by 2027

Trade, COMMERCE, Economy, Finance, Trending News
WASHINGTON : First Deputy Managing Director of the International Monetary Fund (IMF) Dr Gita Gopinath has said that India’s growth has been better than expected. She said the IMF expects private consumption to recover
August 17, 2024

Dr Gita Gopinath of IMF said Gujarat and TN attracting most global investments into India, other states should emulate

Trade, Digitalisation, Economy, Global Trade, Infrastructure, Trending News
WASHINTON : Gujarat and Tamil Nadu are the two bright spots in India where foreign investments are coming in, Dr Gita Gopinath, First Deputy Managing Director of the IMF, said on August 16, while listing
August 17, 2024

BPCL unveils India’s first Biofuel Blend HFHSD Bunker at Mumbai Port

Fuel, Bunkering, Maritime, Trending News
MUMBAI : Bharat Petroleum Corporation Limited (BPCL) has set a new benchmark in the Indian maritime industry by launching first biofuel blend High Flash High Speed Diesel (HFHSD) bunker by an OMC at Mumbai
August 17, 2024

DP World H1 net profit drops 59% on Red Sea troubles

Logistics, Economy, Global Trade, Trade, Trending News
DUBAI : Dubai-based global port operator DP World (DPW) has reported a 59% drop in H1 2024 net profit, attributable after separately disclosed items, to $265 million on disruptions to shipping caused by the
August 17, 2024

The heat of Bangladesh’s political turmoil hit the farmers of Kolar! Tomato price has fallen drastically

EXPORT, Economy, Finance, Global Trade, Maritime, Trade, Trending News
DHAKA : The political turmoil in neighboring Bangladesh has affected the tomato growers of Kolar. West Bengal traders are unable to export tomato to Bangladesh, so the price has fallen. Farmers of Kolar are
August 17, 2024

PIL expands Intra Asia coverage with new China Chittagong Express (CCE)

International Shipping, Shipping Line, Trade, Trending News
SINGAPORE : Pacific International Lines (PIL) is pleased to introduce a new weekly direct service connecting key ports in China and Bangladesh. The new service, known as China Chittagong Express (CCE), will commence on
August 17, 2024

COSCO SHIPPING Lines secures TISAX Certification

International Shipping, Shipping Line, Trending News
SHANGHAI : COSCO SHIPPING Lines officially secured the TISAX (Trusted Information Security Assessment Exchange) certification, indicating that the company meets European Union (EU) automotive industry standards for information security risk control. The TISAX certification
August 17, 2024

Hapag-Lloyd raises rates from Asia to Latin America

International Shipping, Shipping Line, Trade, Trending News
HAMBURG : Hapag-Lloyd has announced a new General Rate Increase (GRI) from Asia to the West Coast of South America, Mexico, Central America and the Caribbean. This GRI will apply to cargo transported in
August 17, 2024

Speakers confirmed for TACC Climate Change Conference

International Shipping, Global Trade, Maritime, Trending News
DUBAI : Taking place on Thursday, 26th September 2024, at Saadiyat Rotana Resort and Villas, Saadiyat Island, Abu Dhabi, the TMS Transportation and Climate Change Conference (TACCC) is a key event for industry leaders
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