News - page 154

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 […]

Mumbai POSCO ISDC (India Steel Distribution Centre), the logistics arm of POSCO Group companies has succeeded with their first trial shipment of 5000 million tonnes (mt) of POSCO Maharashtra Steels Private Limited at Dighi Port (Promoted by M/s Balaji Infra […]

Damco significantly improved results from 2009 onwards and this continues into 2012. The ocean freight volumes grew by 7%, airfreight volumes are up by 122% (incl. the effect of the NTS acquisition) and Supply Chain Management volumes increased with 5%. […]