Logistics operator Blue Dart expands direct reach to over 300 pin codes
Logistics operator Blue Dart on Tuesday said it has expanded its direct reach to over 300 pin codes, which represents a significant increase in the company’s direct coverage capabilities. By leveraging...
View ArticleKSH INFRA forays into South India, plans to invest Rs 450 cr on Hosur...
Warehousing and logistic parks developer KSH Infra is planning to invest around Rs 450 crore to develop an industrial and logistics (I&L) park spread over a 50-acre land parcel in Tamil Nadu’s...
View ArticleYang Ming snaps up 11,000 teu brace
Taiwanese shipping line Yang Ming Marine Transport has moved to add two more containerships to its owned list as it looks to bolster its service and streamline fleet resources. The world’s 10th and...
View ArticleCMA CGM implements reefer surcharge from Brazil
French ocean carrier CMA CGM will apply a new peak season surcharge (PSS) to reefer containers originating from the port of Rio Grande in Brazil. CMA CGM said the PSS will be US$300 per refrigerated...
View ArticleNavios Partners lets go of ageing post-panamax
Angeliki Frangou’s Navios Maritime Partners has picked up the pace of offloading veteran tonnage with another upcoming exit of a 2005-built post-panamax bulker. Brokers in Greece report the sale of the...
View ArticleDiana Shipping fixes out kamsarmax bulker to Paralos Shipping
New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Paralos Shipping for one of its vessels. Aquavita chartered the 2013-built, 81,513 dwt kamsarmax bulker...
View ArticleHapag-Lloyd raises guidance amid stronger-than-expected demand in liner shipping
Hapag-Lloyd, one of the world’s leading liner shipping companies, concluded the first half of 2024 with a Group EBITDA of $2 billion, compared to $3.7 billion during the same period last year....
View ArticleExport tied up in knots
Textiles, fabrics, and apparel have been central to India’s identity. In ancient Greece and Babylon, the very word “cotton” was regarded as synonymous with the country’s name. The trade of Indian...
View ArticleIndia’s role as key supplier in global grains market has shrunk, says USDA
India’s role as a key supplier to the global gains market has diminished over the past three years due to strong domestic demand and the Government’s policies to keep domestic supplies within the...
View ArticleIndia’s July palm imports surge, near one-year high on festive demand
India’s palm oil imports reached a seasonal high of 1.081 million tonne in July, leading to port congestion and berthing delays of 8-10 days, industry body Solvent Extractors Association (SEA) said on...
View ArticleIndia’s goods exports in July decline 1.5% to $33.98 billion
India’s goods exports in July 2024 declined 1.48 per cent (year-on-year) to $33.98 billion pulled down by sectors including petroleum products, gems and jewellery and chemicals as global demand...
View ArticleIndia’s Jul exports of handicrafts, RMG, carpet, man-made yarn up YoY
India’s total exports are estimated to have grown at 2.81 per cent year on year (YoY) in July this year to $62.42 billion, while the cumulative exports between April and July grew at 6.65 per cent YoY...
View ArticleTomato exports to Bangladesh stop, price crash hits farmers in Karnataka’s Kolar
The political unrest in neighbouring Bangladesh has impacted farmers of Kolar, with tomato prices crashing as West Bengal’s traders are unable to transport them to Bangladesh. A box of first-grade...
View ArticleIndia’s electronic goods exports surge by 37.31% in July
India witnessed a robust growth in its electronic goods exports with a 37.31 per cent year-on-year increase in July, climbing to USD 2.8 billion from USD 2.04 billion, as reported by the Ministry of...
View ArticleIndia’s trade deficit widens as import growth outpaces exports in July 2024
In a recent report released by the Ministry of Commerce and Industry, India’s trade figures for July 2024 present a complex picture of the nation’s economic performance. The data reveals both...
View ArticleNew product-market mix may deliver the goods for India’s exports
Exports of frozen peas to China, office equipment to Belgium and Sri Lanka, and light naphtha to Malaysia and the Philippines are some of India’s new market access wins, paving the way for a possible...
View ArticleIndian rice export rates fall on muted demand, prospects of higher supply
Indian rice export prices declined further this week due to subdued demand and expectations of higher production in the new season as cultivation areas expanded. Top exporter India’s 5 per cent broken...
View ArticleGovt revises windfall gains tax on petroleum products, new rates effective...
The government on Friday revised the windfall gains tax on petroleum products, reducing the levy on domestic crude oil to Rs 2,100 per tonne, down from the previous Rs 2,400 per tonne. However, the...
View ArticleMaharashtra’s new logistics policy targets INR 30,573 crores in revenue and...
The Maharashtra state cabinet has approved a new Logistics Policy designed to position the state as a key player in the global logistics sector. This policy is backed by the recommendations from the...
View ArticleEcom Express files papers with Sebi for Rs 2,600-crore IPO
Ecom Express Ltd has filed draft papers with capital markets regulator Sebi to garner Rs 2,600 crore through an initial share-sale. The company’s initial public offering (IPO) comprises a fresh issue...
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