Banks working towards speedy opening of Vostro accounts: IBA Chief
NEW DELHI : The Indian Rupee will soon be used for foreign trade as many countries wish to engage in bilateral trade and India is promoting trade in
Railways uses tax infra to boost freight income
NEW DELHI : Indian Railways is tapping into the indirect tax regime to improve its freight business by cutting down on misdeclaration of goods and profiteering practices. The
Mandatory Maritime Single Window: One year to go
LONDON : IMO hosted “Maritime Single Window 2024 – A window of opportunities”, a two-day Symposium to discuss how Member States can implement MSWs before the January 2024
Europe to Asia reefer rates falls
OSLO : Freight rates on the Europe to Asia trades have begun to follow the wider container market down after a period of resistance. According to a market
Port of New York shatters trade record, but latest shipping data hints at California comeback
NEW YORK : The Port of New York and New Jersey moved almost 9.5 million TEUs (twenty-foot equivalent units) for 2022, the first time in its history the
NYK orders fifth dual-fuel very large LPG/Ammonia carrier
TOKYO : NYK has placed an order at Kawasaki Heavy Industries (KHI) for its fifth LPG dual-fuel very large LPG/Ammonia carrier (VLGC). The seventh vessel in NYK’s fleet
Dry Bulk Market Under Pressure in Early 2023
GREECE : The dry bulk market has faced increasing headwinds in these early weeks of 2023. In its latest weekly report, shipbroker Intermodal said that “during the last
‘Everything is in India’s favour’: NITI Aayog CEO optimistic about future economic
NEW DELHI : Niti Aayog CEO Mr. Parameswaran Iyer told Republic that India has emerged as a topic of interest at World Economic Forum Davos summit and made
Maersk and MSC dissolve 2M Alliance
The two major container liners have agreed to terminate their current partnership effective January 2025 COPENHAGEN/GENEVA : Maersk and MSC have agreed to terminate the 2M alliance from
Hapag-Lloyd acquires share in J M Baxi Ports & Logistics Limited
HAMBURG : Hapag-Lloyd signed a binding agreement under which it will acquire 35 % of J M Baxi Ports & Logistics Limited (JMBPL) from a Bain Capital Private