Tiruppur and Noida apparel exporters are in plan for periodic shutdowns
TIRUPPUR/NOIDA : Due to a lack of international orders, clothing exporters in Tiruppur and Noida have opted to close their manufacturing facilities for 10 to 15 days per
CBIC : Circular on Amnesty scheme for one time settlement of default in export obligation by Advance
NEW DELHI : The CBIC has issued Circular No. 11/2023-Customs dated May 17, 2023 regarding the amnesty scheme for one time settlement of default in export obligation by
Ahead of joining BRICS, Iraq issues ban on U.S. Dollar transactions
TEHRAN : The Interior Ministry of Iraq issued a ban on U.S. dollar transactions across the country. Iraq is one among the 24 countries that have shown interest to join
Over 15,000 ships could be recycled by 2023, up more than 100% on the last 10 years
COPENHAGEN : “Over the next ten years, from 2023 to 2032, more than 15,000 ships with deadweight capacity of more than 600 million tonnes are expected to be
Cyclone Mocha forces 60-hour operation closure at Chittagong port
DHAKA : The operations at the Chittagong port, Bangladesh’s prime seaport, had remained suspended over two days as the super cyclone Mocha approached and crossed the country on
HMM looking for reunion with Hyundai LNG Shipping
SEOUL : HMM is reportedly attempting to buy back the liquefied natural gas (LNG) shipping unit that South Korea’s flagship carrier divested back in 2014 when it began
Aramex and AD Ports Group form JV to develop new NVOCC Enterprise
ABU DHABI : Aramex, the Middle East’s biggest listed courier company, has signed an agreement with Abu Dhabi Ports Group to set up a joint venture to serve the freight forwarding
Nippon Express Group buys Austria-based global logistics player ‘cargo-partner’
TOKYO : Οwner and founder of cargo-partner Mr. Stefan Krauter has decided to sell the Austrian global logistics firm to Japanese stock-listed Nippon Express Holdings, which is also
DSV to power new facilities with renewable energy
DENMARK : DSV is constructing two new warehouses totalling 175,000 sqm that will be powered entirely by on-site renewable energy. With more than 100,000 sqm of solar panels,
Political instability is a “Risk Multiplier” which is putting a successful green energy transiti
LONDON : The International Chamber of Shipping (ICS) Maritime Barometer Report 2022-2023 – published on Tuesday, 16th May, 2023 – reveals that uncertainty over fuel availability and infrastructure
