Bhutan-Bangladesh Cargo Vessel Flagged Off
The Minister of State for Shipping (Independent Charge), India, Mansukh Mandaviya will flag off an inland waterways vessel containing cargo from Bhutan to Bangladesh via Brahmaputra river and the Indo-Bangla Protocol Route today (July 12)."This is a first of its kind movement where an Indian inland waterway is being used for connecting two countries - landlocked Bhutan and Bangladesh,"said a press note from the shipping ministry of India.1000 Metric Ton of crushed stone aggregates…
Maersk Begins Port Operations at Ennore, Tamil Nadu
Maersk begins its port operations at Ennore (Kamarajar port), Tamil Nadu offering connectivity between the Far-East Asian ports of Tanjung Pelepas (Malaysia), Busan (South Korea) and Xingang (China) and the Indian ports of Chennai, Krishnapatnam & Visakhapatnam. The company also celebrated the first maiden call for its existing ‘Chennai Express’ service at the new container terminal in Ennore Port which is about 15 miles north of Chennai.“The rising global trade from and to India is leading to congestion and moving to new ports that offer quicker turnaround and better services is crucial.
Maersk Line Pushes Restart in Maldives
Maersk Line announced it has restarted shipping operations to the Republic of Maldives on the heels of rapidly growing market and meeting customer needs.The world’s largest container shipping company introduced a weekly service between Colombo and Male in an initiative aiming to provide a strategic trade opportunity to countries in South Asia.“Maldives has a flourishing tourism market and offers an excellent opportunity for global trade. Interestingly, around 90 percent of Maldives trade is import driven and spearheaded by China, India and Sri Lanka.
Maersk Line Establishes Commercial Office in Nepal
Maersk Line, the global containerized division of the Maersk Group, announced the commencement of its new commercial office in Kathmandu, Nepal from 1st of June this year.Maersk Line since its entry into the Nepal market over 20 years back has been providing shipping and logistical solutions through its strong network in India. However, with the rapid growth of trade in the region, Maersk Line sees an opportunity to serve its customers better by being closer to them.Maersk Line’s…
Maersk: India Recording a 14% Upturn
India´s containerized trade with the BRICS´ nations trademarks a rise of 14 percent. Export trade from India to Brazil, China, Russia and South Africa in Q1 2018 increased 7,5 percent YOY from same period last year. South Africa turned to be Indian´s top trade partner.BRICS EXIM trade registers steady growth of 1.5 percent in Q1 2018 compared to Q1 2017. “Last year, the BRICS´ joint contribution to the world economy was 23.6 percent, and according to the International Monetary Fund’s predictions this is set to rise to 26.8 percent by 2022.
Maersk Line Scale Up Innovative Smart Reefers in India
In the past one year, Maersk Line, the global containerized division of the Maersk Group has enabled movement of multiple consignments of complex cargo out of India successfully, said a press release. Due to its global presence and network, the exporter network of India has been able to successfully reach out to newer geographies. Commenting on the achievement, recently appointed Managing Director for Maersk Line (India, Sri Lanka, Nepal, Bangladesh, Maldives and Bhutan), Steve Felder said, ”In the past 18 months or so, we have expanded our horizon in various new commodity categories.
Maersk Line New Services at Kakinada Port
Maersk Line India announced the introduction of Export and Import service offerings at Kakinada port in Andhra Pradesh. This End to End service (Store Door) will enable customers in the region to reach global touch points. With this first time offering in Kakinada, Maersk Line will be able to containerize cargo at its origin, cut out wastage and complexities of dealing with multiple vendors and help move it to port in a cost-effective manner. This will have a direct bearing on…
Kerry to Push India to Give U.S. Companies Greater Access
Secretary of State John Kerry will push India to make it easier for U.S. companies to do business there on a trip next week that also takes him to Europe to meet officials from Oman, Iran and Bulgaria, U.S. officials said on Friday. Earlier this week, the State Department said Kerry would travel to India this weekend to attend an investment summit promoted by Indian Prime Minister Narendra Modi and held in the city of Ahmedabad, in Modi's home state of Gujarat. Among the top agenda items on Kerry's trip, which is to be followed by a visit to India by President Barack Obama for India's Jan.