US importers caught in a vicious circle as labor union strike threat raises fears of soaring freight rates and massive disruption at US East and Gulf Coast ports

Threat of strike action at US East and Gulf Coast ports may see importers accelerate efforts to protect ocean supply chains in a vicious circle of disruption in ocean freight container shipping. The International Longshoremen’s Association (ILA) announced on Monday that it has suspended negotiations with United States Maritime Alliance (USMX) over a new labor […]

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 Russia, China to establish Arctic shipping joint venture

The Russian government, via state-owned transport company Rosatom, has entered into an agreement with China’s Hainan Yangpu Newnew Shipping to form a new joint venture that will operate container vessels year-round on the Northern Sea Route (NSR). The agreement also calls for the construction of five ice-capable containerships capable of operations in the Arctic, particularly […]

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Indian Air Cargo industry aims for growth amidst regulatory hurdles

The Indian air cargo sector is targeting a significant increase in annual throughput at airports, aiming to reach 10 million metric tons by 2030. This ambitious goal faces challenges from stringent security measures and time-consuming processes, prompting industry stakeholders to urge the government for streamlined procedures. In FY 2024, Indian airports handled 3.36 million metric […]

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India’s engineering exports to Russia surge amid Ukraine conflict but sanctions remain a concern

Russia’s ongoing conflict with Ukraine and the resulting international sanctions have significantly impacted India’s export landscape. Over the past financial year, India saw a substantial increase in the export of engineering goods, machinery, machine parts, and aircraft spares to Russia, while traditional exports such as pharmaceuticals, tea, coffee, and tobacco either stagnated or declined, as […]

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Ikea announces Gurugram warehouse deal to boost Delhi-NCR deliveries

Swedish furniture retailer Ikea said on Tuesday it will partner with Rhenus, an international logistics firm, to expand its delivery services in Delhi-NCR (National Capital Region). Rhenus will by early next year establish a warehouse capable of storing and fulfilling over 7,000 products. The warehouse will boost the company’s operational efficiency, including seamless doorstep delivery […]

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Onion import starts through the Hili landport

Import of onion through Dinajpur’s Hili land port has started after a long period of five months following withdrawal of ban export by Indian government. The import started with the arrival of onion-laden trucks from India at 6:30pm on Tuesday. “Ma Bharti International” of India has exported 30 tons of onion which has been imported […]

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Chabahar Port development to help India expand trade routes; need to ensure necessary infra: GTRI

The development of Chabahar Port will help India enhance its logistical capabilities and expand its trade routes to Central Asia and for that there is a need to ensure necessary infrastructure, and processes to effectively manage the cargo flow at the port, economic think tank GTRI said on Tuesday. The Global Trade Research Initiative (GTRI) […]

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DP World unveils new route to boost Turkish imports

As global supply chains face disruptions due to the ongoing challenges in the Red Sea, DP World has introduced a new solution to address critical raw material shortages affecting Turkish importers across various sectors, particularly automotive. Responding to the urgent need from several manufacturers and importers that use Türkiye as a production and export base […]

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