Govt cuts sugar export subsidy to Rs 4,000 a tonne on global price rise
NEW DELHI : The Centre on Thursday slashed subsidy on sugar exports from Rs 6,000 per tonne to Rs 4,000 per tonne with immediate effect in view of
Mapping and logistics startup NextBillion raises $6.25M
SINGAPORE : NextBillion, a geospatial data startup that provides software-as-a-service products for enterprises, today announced it has raised $6.25 million from Microsoft venture fund M12. The firm’s investment
Maersk CEO says Virtual Capital Markets Day Event May Become New Norm
COPENHAGEN : The world’s largest shipping company may never go back to in-person capital markets days, as the pandemic looks set to leave a permanent mark on some
SABRINA CHAO elected as BIMCO President
COPENHAGEN : BIMCO, the world’s largest shipping association, has elected Ms. Sabrina Chao of Wah Kwong Maritime Transport Holdings Limited as President at the organisation’s online general meeting
APM Terminal Pipavav suspends operations till May end due to impact of Cyclone Tauktae
PIPAVAV: APM Terminals Pipavav informed that Cyclone Tauktae has impacted operations at the port and suspended the operations till the end of May 2021. “Prima Facie the infrastructure
India, China, South Africa fared ‘relatively better’ than other major economies in Q1 of 2021 :
NEW YORK : The Global Trade Update by the United Nations Conference on Trade and Development (UNCTAD) on Wednesday said that in Q1 2021, the value of global
Container lines omitting substantial number of ports calls : project 44
SINGAPORE : Container lines are continuing to omit large numbers of port calls as they struggle with port congestion, equipment imbalances and a lack of capacity. Analysis by
ZIM Reports Financial Results for the First Quarter of 2021
HAIFA : ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a global container liner shipping company, announced today its consolidated results for the three months ended March 31, 2021. First
E-way bill integrated with FasTag, RFID; GST officers to get real-time data of commercial vehicles
NEW DELHI : GST officers have been armed with real-time data of commercial vehicle movement on highways with integration of the e-way bill (EWB) system with FasTag and
CCI approves APSEZ’s 25% additional stake acquisition in Krishnapatnam port
MUMBAI :The Competition Commission of India (CCI) on Tuesday gave nod to proposed acquisition of additional 25 per cent stake of Adani Krishnapatnam Port Ltd by Adani Ports