Warning to shippers that transpacific contract rates may be overheating
Transpacific shippers preparing to begin annual contract negotiations with container shipping lines have been warned that the market for contract rates could be around 15% overpriced. According to new analysis from SeaIntelligence Consulting, the
Merchandise exports up in January 2021 yoy
India’s merchandise exports in January 2021 were valued at $27.24 billion as compared to $25.85 billion in January 2020, an increase of 5.37%. Exports during April-January 2020-21 were $228.04 billion, as compared to $264.13
Amazon launches Startup Accelerator with Startup India to raise e-commerce exports
To fulfil its commitment of enabling $10 billion in e-commerce exports from India by 2025, Amazon has partnered with Startup India, Sequoia Capital India and Fireside Ventures to launch an accelerator programme to help
Higher logistics cost and less space on ship raise concerns over loosing export orders!!!
Vadodara: A sharp increase in Ocean Freight and Air Freight bound for world wide destinations put Exporters and Importers to hold their shipments at a toss making huge losses.Currently Exporters are need to wait
Adani Ports records 31% growth in Jan cargo volume
Adani Ports and Special Economic Zone (APSEZ) added 0.52% to 545.65 after the company’s cargo volume rose 31% year-on-year (YoY) to 26.02 MMT in January 2021. The cargo volume includes volume of 3.87 MMT
GatewayRail undertakes operations of ‘Python train’ service on the Western DFC
MUMBAI: Gateway Rail Freight Ltd. (GatewayRail), a subsidiary of Gateway Distriparks Limited, has undertaken operations of two double stacked trains in a python configuration on the Western DFC. These trains are dedicated services for
Infrastructure development of transport sector is definitely a positive push for the logistics indus…
“In the budget announced, the fund allocation for the infrastructure development of transport sector, including roads and railways, is definitely a positive push for the logistics industry and will have a long-term impact on
Cabinet clears privatisation of Rashtriya Ispat Nigam
The Cabinet has approved privatisation of steel-maker Rashtriya Ispat Nigam Ltd (RINL), the ‘navratna’ PSU which runs the 7.3 million tonne (mt) capacity Visakhapatnam Steel Plant. The government currently holds 100 per cent stake