Exports from Kolkata port may be hit due to soaring freight rate, rice ban,...
Exports from Kolkata port, a gateway to eastern India, are facing several challenges including, geopolitical tension, a government-imposed rice export ban and skyrocketing ocean freight costs, which...
View ArticleNew parcel policy for Railways, India Post eyes bigger courier business pie
The government has finalised a new parcel policy that will be executed jointly by the Indian Railways and the Department of Posts, as it seeks to capture a larger share of the courier business....
View ArticleWill FM play ball by announcing a Maritime Development Fund to ease financing...
The government’s policy managers are working on the contours of a Maritime Development Fund or MDF that seeks to extend low-cost, long-term capital to the sector, backing India’s ambitions to become a...
View ArticleQatar Chamber calls companies to join Qatar Freight Forwarding and Logistics...
The Qatar Chamber (QC) called on private sector companies working in freight, logistics services, and customs clearance to join the Qatar Association for Freight Forwarding and Logistics (QAFL), which...
View ArticleNiti Aayog identifying key sectors for transforming India into global...
As the Government aims to make India a USD 30 trillion economy by 2047, its premier think tank Niti Aayog has decided to reach out to experts to help identify key sectors that have the potential to...
View ArticlePHDCCI urges focus on ‘Ease of Doing Business’ in Union Budget 2024-25 for...
The PHD Chamber of Commerce and Industry has presented a set of recommendations for the Union Budget 2024-25, with a major emphasis on enhancing the “Ease of Doing Business” in India. Recognising the...
View ArticleBeypore port not even in Sagarmala project cross hairs
Beypore port has been part and parcel of the state government’s plans for a passenger ship service to Dubai. But there is concern whether the port has enough facilities to accommodate such projects....
View ArticleGlobal and domestic companies jostle for warehousing space in India
The warehousing and logistics sector in India is experiencing an explosion in demand and supply. Some of the biggest global names in the sector and private equity giants are battling it out as they...
View ArticleNo disruption in oil flows to India, only freight up: HPCL head
The ongoing attacks on shipping vessels by Houthi militants in the Red Sea have not impacted the flow of crude oil to India but freight has gone up due to rerouting via the Cape of Good Hope, Hindustan...
View ArticleAdani group to continue container operations at Krishnapatnam port
Following protests by the Telugu Desam party led by former minister Somireddy Chandra mohan Reddy against the proposed suspension of container operations at the Krishnapatnam port recently, Adani...
View ArticleCustoms 2.0 initiative aims to boost India’s logistics performance on the...
In a bid to enhance trade efficiency and elevate India’s standing in global logistics, India’s Revenue Secretary Sanjay Malhotra announced the development of Customs 2.0, a cutting-edge automated trade...
View ArticleMahindra Logistics expands warehousing capacity in Nashik
Mahindra Logistics Limited on Monday said it will develop a new 3 lakh square feet warehouse in Nashik where the company has already expanded an existing facility. The company said it inaugurated a 1...
View ArticleOngoing Red Sea trouble likely to push up prices: Finance ministry
Prices may go up because of higher energy costs, caused by the rise in shipping charges, with commercial vessels taking a longer route to avoid the troubled Red Sea region, the finance ministry said on...
View ArticlePersistent global tensions to make it difficult for exports to spur growth:...
Exporting its way to economic growth will not be easy in the current times for the country because of persisting geopolitical tensions, including recent events in the Red Sea, that further aggravated...
View ArticleHouthi attacks push shipping insurance premium up by 15-20%
If it was not enough that the Russia-Ukraine strife disrupted trade over the past two years, the Houthi attacks on ships sailing through the Red Sea since October, has only exacerbated the distress...
View ArticleRed Sea crisis hits India’s foreign trade
The impact of the ongoing crisis around the Red Sea shipping route, which accounts for 50 per cent of the country’s exports and 30 per cent of imports last fiscal, will vary depending on the industry,...
View ArticleContainer freight rates out of India continue to soar amid Red Sea crisis
The boost in container freight rates seen on trades out of India as a consequence of the Red Sea crisis has accelerated in recent weeks, according to the latest market analysis. On the westbound...
View ArticleGovt working on SEZ reforms, says commerce secretary
The government is working on reforms in the Special Economic Zone (SEZ) domain so that movement of goods between domestic tariff area (DTA) and SEZ space is carried out smoothly without affecting the...
View ArticleCONCOR and Indian Oil sign MoU for collaborative logistics ventures
In a significant event witnessed by dignitaries including Shri. Sanjay Swarup, CMD CONCOR, and Shri Sujoy Choudhary, Director (Planning & Business Development, Indian Oil, a Non-Binding Memorandum...
View ArticleAdani Mundra port achieves record container handling with 16,569 TEUs exchange
Adani Ports and Special Economic Zone Ltd (APSEZ) has once again made a significant mark in maritime history with an outstanding achievement at its Adani International Container Terminal (AICTPL) in...
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