Merchandise exports have declined 9.3 per cent in August to USD 34.71 billion resulting in a significant jump in the trade deficit to USD 29.65 billion.
red sea
Posted inPorts & Shipping
Red Sea crisis: Maersk ups surcharge; takes steps to reduce supply chain disruptions
In addition to the multiple investments in ocean services, the company is providing alternative options to help customers minimise cargo delays and maintain flexibility.
Posted inBusiness
Patel Integrated Logistics reports 22% rise in Q4 FY24 PAT at Rs 1.67 cr
For the entire fiscal year, the company reported revenue of Rs 342.37 crore and a PAT of Rs 5.54 crore as against Rs 320.86 crore and Rs 4.90 crore, respectively, in FY2023.
Posted inLogistics
Rising volatility in China’s container market as sellers hold back inventory amid uncertainty
Depots in the US and Europe reported higher utilisation rates; equipment usage fees and storage space rental costs increasing for majority of depot owners since the Houthi attacks in November.
Posted inBusiness
Maersk reports 91.8% decline in Q1 2024 PAT at USD 210 mn
The ongoing situation in the Red Sea/Gulf of Aden has impacted its financial performance..
Posted inLogistics
Israel-Iran war: Brace for surge in war risk premiums and freight rates
Any disruptions in the region can have immediate implications for global oil markets, affecting oil prices, shipping routes, and energy security worldwide.
Posted inLogistics
APSEZ handles 420 MMT cargo globally in FY24
APSEZ handled its highest ever monthly cargo volumes of over 38 MMT in March 2024.
Posted inLogistics
Container Conundrum?
Amid global crisis, better intermodal connectivity and technology will play vital role in meeting the evolving demands of global trade.
Posted inNEWS
Indian Navy safely escorts Castle Ships’ M.T. Hari Prakash vessel through Red Sea
Castle Ships specialises in the transportation of crude oil and petroleum products for renowned global corporations across international waters.
Posted inBusiness
Allcargo Logistics reports a steep decline in consolidated Q3 FY24 PAT at Rs 10.95 cr
Its income from operations also declined to Rs 3211.59 crore during the period under review from Rs 4127.03 crore in October-December quarter of 2022.