JNPT records a growth of 21.15% in July in cargo handling
MUMBAI : Jawaharlal Nehru Port Trust (JNPT), one of the premier container handling ports, recorded 433,533 TEUs in July 2021 compared to 344,316 TEUs in July 2020, a growth of 21.15% as compared to the
Maersk reports record Q2 results, expects even better Q3
COPENHAGEN : A.P Moller Maersk has reported unaudited revenue of US$14.2 billion, earnings before interest, taxes, depreciation, and amortization (EBITDA) of US$5.1 billion and earning before interest and taxes (EBIT) of US$4.1 billion for
Rajya Sabha passes landmark ‘Inland Vessels Bill, 2021’ to repeal and replace the existing Inland Ve…
NEW DELHI : Rajya Sabha on Monday passed the Inland Vessels Bill, 2021, which aims to replace over 100 years old Inland Vessels Act, 1917 (1 of 1917) and usher a new era in
At $35 bn, July exports 34% higher than pre-COVID level
NEW DELHI : India’s merchandise exports in July were 34% higher than the pre-COVID levels of July 2019, at $35.17 billion, Commerce and Industry Minister Piyush Goyal said on Monday, but the trade deficit
Maersk lifts outlook as supply chain disruptions push up shipping rates
COPENHAGEN : The world’s biggest container shipping company, A.P. Moller-Maersk (MAERSK.CO), on Monday lifted its full-year earnings outlook after reporting strong preliminary quarterly results as chaotic conditions in the global supply chain pushed freight rates
ONE forecasts $6bn profit for H1
TOKYO : Underscoring the huge turnaround in fortunes for containers shipping financially Ocean Network Express (ONE) booked a profit of $2.56bn for the first quarter ended 30 June 2021. Reporting a 1,432% increase in
Adani Ports And Special Economic Zone (APSEZ) becomes India’s First Infrastructure Company to raise …
Adani Ports and Special Economic Zone (APSEZ) raises USD 750 Mn. of dual tranche 10.5-year and 20-year unsecured bonds in global capital markets Issuance increases the average life of long-term debt to over 7
CBIC reduces compliance burden by abolishing renewals of licenses/registrations
NEW DELHI: The Central Board of Indirect Taxes and Customs (CBIC) has w.e.f. 23.07.2021 abolished the requirement of periodic renewals of Licence/Registration issued to Customs Brokers and Authorised Carriers. This would greatly help reduce