Maersk signals next logistics acquisition will be billion-dollar deal
COPENHAGEN : Maersk on Tuesday suggested it is prepared to spend at least $1 billion on a logistics company takeover as the group progressively focuses on larger acquisitions to build scale in its end-to-end
DGFT’s COVID-19 Helpdesk coordinating and resolving International Trade related issues
NEW DELHI : In view of the surge in COVID-19 cases, the ‘Covid-19 Helpdesk’ of Directorate General of Foreign Trade (DGFT) in the Department of Commerce has from 26.04.2021 onwards started collecting information on
European container carriers increase charges worldwide
HAMBURG : Three of the largest container lines in the world have announced a substantial number of rate increases to be implemented later in May and in early in June. One of the lines,
Ocean Network Express adds 27,500 new units to reefer container fleet
SINGAPORE : Ocean Network Express (ONE) announced the expansion of its current refrigerated container (reefer) fleet by adding another 27,500 new units (including 850 units equipped with advanced Controlled Atmosphere (CA) technology) to meet
Maersk App sees record use amid COVID-19
Florham Park, New Jersey : The demand is driven by customers relying on eCommerce to navigate in a business environment which has seen record numbers of employees working from home for safety reasons while
Major ports are mulling joint venture bid for CONCOR’s divestment proceeding
NEW DELHI : It is learnt from sources in the government that major ports in the country are considering to put in a joint bid for CONCOR divestment. Earlier in February, Finance Minister Nirmala
India’s exports surge 80% to $7 billion during May 1-7
NEW DELHI : Persevering with a constructive development, India’s exports grew by 80 per cent to $7.04 billion through the first week of this month, in keeping with preliminary knowledge of the commerce ministry.
Slashing of steel export rebate by China augurs well for India
China’s withdrawal of export rebates of 13 per cent on 146 steel products and scrapping import duty cut on crude steel, pig iron and scrap augurs well for Indian steel companies. The withdrawal of