Archive for Logistics News - page 3

 The Commerce Ministry is looking to provide incentives to exporters so as to achieve the USD 320 billion exports target for the current financial year. On the sidelines of a pharma event, Commerce and Industry Additional Secretary Rajeev Kher said, […]

The global air freight market continues to witness declines in tonnage. According to IATA, year-to-date through September, tonnage is down 2.6%. However, Middle East carriers have been able to defy this downward spiral and have reported a 14.1% increase in […]

While Iraq, Venezuela and Kuwait are gaining ground in India’s crude oil energy basket, Iran is consistently losing its position. During the April-September period of the current fiscal, Indian refiners imported 85.959 million tonnes of crude oil. According to sources, […]

New Mangalore Port is targeting Shimoga region to boost its container traffic. P. Tamilvanan, Chairman of New Mangalore Port Trust (NMPT), told Business Line that cargoes such as machinery parts used in automobile industry are now being routed through other […]

Transpacific carriers have delayed by two weeks the planned implementation of a December 1 general rate increase. The GRI is now to be imposed from December 15. In a statement, the Transpacific Stabilization Agreement (TSA) said: “The postponement reconciles varying […]

Amid widening trade deficit with China, the government is channelising funds for promoting Indian goods in the neighbouring country with a view to bridging the trade imbalance, a senior official said. “We are taking steps to reduce Chinese imports. The […]

Emirates’ net profit surged 104-percent, year-over-year, to AED1.7 billion in the first half of fiscal-year 2012-2013, which ended September 30. In a press release, the Dubai-based carrier partially attributed this increase to the 13 new aircraft and five new routes […]