India's Containerized Trade Growth Slows
India's container trade growth slowed to 1 percent (9% in the same period last year) in Q2 2019 on account of various factors like growing trade tensions and slump in manufacturing sector, Maersk said."The slow down is due to a cocktail of international factors such as slowing trade growth, and growing trade tensions – coupled with domestic factors like rural consumer distress, tightening liquidity and a slow-down in key manufacturing sectors. Combined, these triggers impacted the country’s economic activity…
Maersk India Trade Report Q2 2019
India’s containerized trade growth slowed to 1% (9% in the same period last year) in Q2 2019, due to a cocktail of international factors such as slowing trade growth, and growing trade tensions – coupled with domestic factors like rural consumer distress, tightening liquidity and a slow-down in key manufacturing sectors. Combined, these triggers impacted the country’s economic activity, slowing overall import-export growth.West India delivered the highest growth with imports growing at 4% and exports at 11%.
India Box Trade Grew 6% in Q4 2018: Maersk
India’s containerised trade with the world has grown steadily, recording an overall import-export trade growth of 6% according to the Q4 2018 trade report released by Maersk, the world’s largest container shipping company.Increasing demand for refrigerated cargo from India coupled with improved trade relations with China with introduction of favourable trade policies, has driven exports to grow a healthy 3% in Q4.The demand for India-made goods such as vehicles, cereals and rice…
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.
New Direct Container Service Between Saudi Arabia And India
Qatar Navigation (Milaha), a maritime and logistics conglomerate based in Qatar, has signed an agreement with the Kandla International Container Terminal (KICT) in India, to start the first direct common carrier feeder service between Saudi Arabia and India. The frequency of the first-of-its-kind service will be weekly and will connect the Gujarat port of Kandla directly with Jebel Ali in Dubai, and Dammam and Jubail in Saudi Arabia. The service, named KDX (Kandla Dammam Express)…
Maersk Wins Two Multimodal Logistics Awards
Mumbai, 16th March, 2016: Maersk Line India wins Container Operator of the Year & Container Shipping Line of the Year – North India – Africa trade lane the Northern India Multimodal Logistics Awards 2016. These awards were conferred to Maersk Line India at the 7th edition of CONquest 2016, conducted in association with Northern India Multimodal Logistics Awards on 11th March at the Le Meridien hotel, New Delhi. Mr. Julian Bevis - Senior Director (Group Relations South Asia, A P Moller Maersk), received the awards on behalf of Maersk Line.
Institute of Marine Engineers Convenes in India
The 72nd Governing Council meeting of the Institute of Marine Engineers (India) was held November 14 and 15, 2015 at the IMEI House, Navi Mumbai, chaired by IMEI President Dilip Mehrotra. Besides conducting routine business, several decisions were taken keeping in mind the objectives of the Institute. It was decided to upgrade the entire IT infrastructure of the Institute and move to Cloud Computing. This will enable office bearers, branches and the HQ to be seamlessly connected. The IMEI is aware of its environmental responsibilities. The GC decided to install solar heaters for the hostel.
GAC India Opens Pipavav Office
Branch will coordinate support for Mumbai High oil field. GAC India has opened a new office in Pipavav to cater to the needs of the growing number of vessels calling at the port and principals using it as a base for operations in the Mumbai High oil field, off the country’s west coast. With this expansion, GAC has a total of 27 offices in 22 locations across India. The new office at the Gujurati port is fully licensed, equipped and manned to provide a wide range of ship agency services and to handle cargo shipments, spare parts, customs clearance, and much more.