The 150th Kisan Rail departed from Nagarsol in Maharashtra on 10 May 2021, carrying 246 tonnes of onions, to Malda Town of West Bengal. The South Central Railway had commenced the operation of Kisan Rail in the beginning of 2021. The first rail departed from Nagarsol on January 5. In about 126 days, 150 rounds have been completed. Till now, Kisan Rail has transported about 47,957 tonnes […]
Colonial Pipeline, the top US fuel pipeline disabled by a cyberattack for six days, sent workers to manually release some stored supplies on Wednesday as fuel shortages across the Southeast worsened and motorists fumed, Reuters reported. Gas stations from Florida to Virginia began running dry and prices at the pump rose on Tuesday, as the […]
Tata Motors on Tuesday announced the extension of free service and warranty for its passenger vehicle owners keeping in mind the ongoing curbs across the country because of the second wave of the coronavirus pandemic. The company said that customers whose warranty and free service period are due to expire between April 1 and May […]
Martin Scorsese—the director who whets America’s obsession with gang movies—in his 2019 film ‘The Irishman’ inadvertently touched upon the vital cog of commodities: trucks and the American truck union Teamsters. The unsolved disappearance in 1975 of Jimmy Hoffa, President of America’s largest union Teamsters—they had enormous liquidity with pension funds and it is believed that […]
Asian container ports are the most efficient in the world, dominating the Top 50 spots according to the new global Container Port Performance Index (CPPI) launched by the World Bank and IHS Markit. The report scored ports against different metrics, making the efficiency ranking comparable around the globe by assessing and standardizing for different ship […]
The blitz that caused Colonial Pipeline to shut down the biggest US gasoline pipeline on Friday began with hackers launching a cyber-attack against the company a day earlier, stealing a large amount of data before locking computers with ransomware and demanding payment, Bloomberg reported on Sunday morning citing people familiar with the matter. The intruders, […]
Skyrocketing raw jute prices in the ongoing 2020-21 season may put an additional burden of Rs 2000 crore on the government exchequer to procure environment-friendly jute bags for food grain packaging. The Centre and various agencies annually procure 10-12 lakh tonnes of jute bags valued at Rs 5,500 crore for packing food grain and sugar. […]
Emboldened by the impressive annual export numbers in 2020-21 (released early April), the exporters fraternity till recently was exuding confidence of trade figures reaching a new trajectory in 2021-22. However, with the new wave of Corona creating a more devastating impact especially since the middle of April, the exporters are now wary of a sudden […]
Liquefied natural gas (LNG) cargoes are being diverted away from ports in India as surging coronavirus cases are hampering domestic gas demand, according to trade and shipping sources.Six LNG tankers diverted away from India since April 20, changing the destination to northeast Asia, Europe and Kuwait instead, reports Reuters. Further diversions and reduction in shipments to India are expected this week, trade […]
Chinese trade data gave a mixed snapshot of neighbour Myanmar’s ability to keep up metal shipments in March amid unrest after February’s coup, with flows of nickel pig iron (NPI) dwindling to almost nothing but those of copper doubling month-on-month. With Chinese firms directly involved in Myanmar metals mining, imports of stainless steel raw material NPI […]
