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Trade News

Ocean carriers seriously eyeing freight pie

Ocean carrier powerhouses CMA CGM, Maersk, MSC, and others-- awash with cash from the past few years--are looking from the high seas up to the sky. They are keen to grab some of the air freight pie as a decent chunk of sea freight is buoying upwards, with shipping line – airline partnerships. Such players include CMA CGM – Air France – KLM, Maersk Air Cargo and MSC’s courting of Lufthansa.

Trade News

Over 90% Export from India to UAE now duty-free

CEPA between India & UAE came into effect on May 1. It aims to increase bilateral trade between both nations to $100 billion by 2030.

Trade News

Trade Update Review - April 5th, 2022

As March transitioned into April, the shipping world learnt through Sea Intelligence that global shipping lines raked in an astounding operating profit of over $110 billion in 2021 while MOL started promoting ships parts recycling from Turkey and a consortium of three ocean carriers launching services to Chennai & Vizag. Meanwhile, the Indian government shared a list of 26 national waterways viable for cargo and passenger movement. Read on to know more.

Trade News

Trade Update Review - March 17, 2022

The first week of March in the world of shipping started off with MOL completing 100 percent acquisition of Utoc Corporation, Oracle introducing new logistics management capabilities and DB Schenker & CMA CGM teaming up to offer regular emission-free ocean freight. However, the Russia – Ukraine war has emerged as a major dampener for global trade, raising shipping costs and disrupting manufacturing.

Trade News

Trade Update Review - March 7, 2022

February ended with PIL launching a new service connecting China and Australia, Hapag – Lloyd unveiling China Germany express service, MOL and partners setting a world record on autonomous navigation and Maersk launching an intermodal freight service linking the Far East to Europe. Closer home, India expects to see 80 percent exports to UAE to be duty free post FTA. Read on to know more.

Trade News

Trade Update Review - February 24, 2022

Operating a bunkering vessel on biodiesel, enabling VGM input on mobile app and widespread availability of end-to-end DP World visibility platform CARGOES FLOW have enlivened the shipping world in the beginning of February’s second half. Other noteworthy developments include MSC emerging as the top feedering provider, CMA CGM vowing to stop carrying plastic waste and first paperless trade finance transaction through TradeLens. Read more