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Container shipping industry faces record collapse in long-term rates: Xeneta

According to Xeneta’s Shipping Index, the container shipping industry is facing a meltdown due to the surging contract cost of shipping containers. During May, the…
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Nigeria customs partners with World Bank on trade compliance

The Nigeria Customs Service has introduced modalities for migration from Fast Track Regime to Fast Track 2.0 in partnership with the World Bank under the…
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Mitsubishi Shipbuilding and CSSC Partnered to develop ammonia-fueled ships

Japan’s Mitsubishi and Engine manufacturer WinGD, (Chinese state-run shipbuilding group CSSC) have agreed on a partnership for ammonia-fueled vessels. In the project, WinGD will be…
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India to begin free trade agreement talks with the African customs union

India and the five countries of the South Africa Customs Union (SACU) are exploring the opportunity of a Free Trade Agreement (FTA) and the talks…
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India to do away with retaliatory customs duties on eight US products

India plans to do away with additional duties on eight US products, including chickpeas, lentils and apples, that were enforced in 2019 in response to…
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Customs clearance time for imports drops by 11% at air cargo complex

As per the CBIC study, the average time taken has dropped by 11% at air cargo complexes and 9% across sea ports for customs clearance…
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