Shippers more than tripled their formal complaints in fiscal year 2022, emboldened by the maritime regulator’s sharpened focus on how ocean carriers interact with their customers. READ SOURCE...
A Parliamentary panel on Thursday again asked the civil aviation ministry to explain about how the enterprise valuation of Rs 18,000 crore was arrived for the disinvestment of Air India that was completed in January last year. The matter has...
Carriers appear reluctant to make the drastic capacity reductions required to match supply with demand on the westbound trade lane, leaving rates far below pre-pandemic levels. READ SOURCE...
The decision to suspend a service outright may represent a new leg down in terms of ship capacity, which is expected to grow sharply this year and next. READ SOURCE...
Tata-owned Air India and Vistara have sought approval from their creditors for the merger of the two airlines. Creditors will vote on the proposal on September 23, according to a notice seen by ET.The merger plan has already been approved...
Rapidly escalating tensions between India and Canada over the murder of a Sikh separatist leader in British Colombia have put at stake trade talks worth billions between the two countries. The row, that spiralled this week amid tit-for-tat diplomatic...
Dynamics behind Flexport’s leadership change signal digital forwarding’s natural endpoint Much criticism has been leveled at the digital forwarding model, but steep declines in topline revenue during a year of weak demand are a sign that digital forwarders have had...
Cuts in oil production and increased fuel use globally are pushing up trucking fuel surcharges and, in turn, transportation costs for US shippers. READ SOURCE...
The Directorate General of Civil Aviation (DGCA) is taking at least a couple of months to issue licences to trained pilots as the regulator is grappling with the shortage of staff at key positions, according to sources. After training, individuals...
Senior Chinese officials were informed that former foreign minister Qin Gang was dismissed for “lifestyle issues”, which is a common party expression for sexual misconduct, according to a Wall Street Journal report on Tuesday (Sept 19), which alleged that...
