Shipping

New policy launched to convert tugboats at major ports into green tugs

A 2022 report concluded container ships can reduce fuel consumption and CO2 emissions by 14% per voyage if they optimize their speeds

First ever non-coal zone to achieve the feat

The world's largest investment banks expect global economic growth to slow further in 2023 following a year roiled by Russia's invasion of Ukraine and soaring inflation

There is a specific box in the bill of entry for Free of Charge (FOC) imports

To provide respite to waterway transportation from high fuel prices, the Shipping Ministry has directed all major ports to exempt coastal shipping operations from port and vessel charges for 6 months

Flipkart Grocery currently offers 7,000 products in 1,800 cities covering 10,000 PIN codes, served by 23 fulfilment centres spread over an area of 2.75 million sq ft

The Russian invasion has exacerbated a tightening of energy markets, upending trade flows and forcing buyers to scour the world for alternative fuel supplies

Empty container boxes crucial are getting stuck in the port of Rotterdam as a growing backlog of undelivered goods at Europe's export hub forces ocean carriers to prioritise shipments of filled boxes

The ports ministry is currently working on a national perspective plan for development of 11 coastal economic zones (CEZ) across the country

Several exporters have received pending payments for shipments made to Russia before February 24 -- the day Russia-Ukraine conflict began

The shortage of skilled personnel at the middle and senior levels can hamper the operations of the shipping lines

Monthly uptick of 3% in hiring activity over January 2022

The third of the year-ender series focuses on how Indian businesses suffered two global supply dislocations

The move will provide level playing field to PPP concessionaires at major ports and help them compete with private ports

A surge in demand for consumer goods during the pandemic has created major supply bottlenecks around the world, which has impacted the supply of container ships and boxes to transport cargo

Shipping companies counter that their costs have soared as well

Agency commission and foreign bank charges, separately or jointly, exceeding this limit should be deducted from the FOB value for granting duty drawback, the CBIC says

The findings by intermediaries revealed that the pending dues, for which a dispute was ongoing, were acknowledged by Shipping Corporation of India

Rising costs to ship crops globally are adding to concerns about food inflation that are already at decade-highs and hitting cost-sensitive consumers in import-dependent markets