March 17, 2026
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April 15, 2024

China remains top merchandise exporter in 2023 for 7th straight year

EXPORT, Global Trade, Logistics, Trade, Trending News
BEIJING : China remained the top merchandise exporter in 2023 for the seventh straight year with its share in world exports at 14.2 percent, almost the same as the level in 2022, the China’s
April 15, 2024

The global shipping industry faces a “shadow of uncertainty”

International Shipping, Economy, Global Trade, Trending News
BOSTON : Worldwide shipping industry faces a “shadow of uncertainty”, particularly with China’s economy teetering on the brink of instability. So says Veson Nautical, which delivers freight management solutions for the global shipping economy.
April 13, 2024

Ministry of External Affairs advises Indians to not travel to Iran or Israel till further notice

Global Trade, Business, Tourism, Trade, Trending News
NEW DELHI : The Ministry of External Affairs (MEA) on Friday issued a travel advisory for Iran and Israel, wherein it asked Indians to avoid travelling to these places till further notice. It asked all
April 13, 2024

Carriers spot bargaining room for India-Middle East cargo as Red Sea gains fade

Export - Import, International Shipping, Logistics, Shipping Line, Trade, Trending News
MUMBAI : India-Persian Gulf trades seem to be a glaring exception for container lines, as they are rapidly losing the pricing steam they have had from the Red Sea crisis on the larger trade
April 13, 2024

Moody’s maintains stable rating for India with growth forecast

Trade, Business, COMMERCE, Economy, Global Trade, Trending News
NEW YORK : Global rating agency Moody’s on Friday maintained a stable ‘outlook’ and affirmed long-term and short-term ratings at ‘Baa3’ and ‘P-3’ respectively for India. It has estimated growth rate of 8 per
April 13, 2024

Citroën becomes the first multinational carmaker to export Made-in-India EVs from India

EXPORT, Company, Global Trade, Trade, Transport, Trending News
CHENNAI : French carmaker Citroën became the first multinational car manufacturer in India to export domestically made electric vehicles to the international market. The company on Thursday announced the commencement of exports of locally
April 13, 2024

Automobile exports recover in Q4 riding robust two-wheeler shipments

EXPORT, Logistics, Shipping, Trade, Trending News
NEW DELHI : Exports of two-wheelers and three-wheelers, which account for nearly 85% of all automotive shipments from India in terms of volumes, showed clear signs of a rebound in the final quarter of
April 13, 2024

Maersk employees deliver fresh water from vessels to Ports

International Shipping, Shipping Line, Trending News
COPENHAGEN : Four billion people — almost two-thirds of the world’s population — experience severe water scarcity for at least one month each year, and half of the world’s population could be living in
April 13, 2024

Wan Hai Lines names two new boxships

International Shipping, Ship Building, Shipping Line, Trade, Trending News
TAIPEI : Taiwan’s container carrier Wan Hai Lines held ship naming ceremonies for its new container ships, Wan Hai 372 and Wan Hai 376. The two vessels are in the series of 3,055 TEU
April 13, 2024

OOCL’s revenues fall despite container volume uptick

International Shipping, Shipping Line, Trade, Trending News
SINGAPORE : In the first quarter of 2024, the total revenues of Orient Overseas Container Line (OOCL) decreased by 9% year-over-year to US$2 billion. At the same time, the carrier’s total liftings increased by
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