India framing 10-yr action plan to increase domestic steel shipping container manufacturing capacity
Special Secretary (Logistics) Pawan Agarwal said one of the “serious” issues that the country is facing in creating an ecosystem for container manufacturing is availability and costing of special steel used to make those
Container prices surge in India as supply chain logjam tightens supply
Chennai was the most expensive location to buy used boxes in March, says Container xChange CHENNAI : Container shortages, which have been adding to logistics logjams in Asia and beyond, are showing few signs
Port volumes moderate but still resilient: Ind-Ra
India’s port volumes growth has moderated but is still resilient to shocks such as the recent Suez Canal blockage, ratings agency India Ratings and Research (Ind-Ra) said MUMBAI : According to the agency, overall volumes
India’s Trade Performance Resilient during 2020-21 : Commerce Secretary
Cumulative value of overall exports (merchandise & services) during April-March 2020-21 estimated at USD 493.19 Billion NEW DELHI : The Indian Economy has shown significant resilience amidst the global pandemic and trade shock that
Despite Covid-19, Odisha sees huge jump in export turnover
ODISHA : Odisha has seen a big jump in export turnover in 2020-21 compared to the previous fiscal despite the adverse impact of Covid-19. Sources in the directorate of export promotion and marketing (DEPM)
Ratan Tata invests in Mailit
Mailit, a mail room management and logistics company, said it had received an unspecified amount as investment from Ratan Tata, chairman emeritus, Tata Sons. MUMBAI : The firm offers courier, cargo, 3PL, mail room
Singapore Launches $90 Million Decarbonization Fund for Shipping
SINGAPORE : The Maritime and Port Authority of Singapore (MPA) announced two initiatives on Wednesday to reduce the shipping industry’s greenhouse gas emissions, including a S$120 million ($90 million) fund for a decarbonisation centre.
UNCTAD urges regulators to fight for greater liner pricing transparency
GENEVA : The United Nations Conference on Trade and Development (UNCTAD) has urged regulators to push for greater transparency in container shipping amid a protracted period of record rates and dire on time performance