ONE Line : AIM Service to add Hazira Call

SINGAPORE: Ocean Network Express (ONE) is pleased to announce that AIM weekly service will change its portrotationasfollows:

CurrentPortRotation:JEA–MUN–NSA–CMB-DUR –TEM–TIN–APP–DUR–JEA

New Port Rotation: JEA – MUN – HZA – NSA –CMB–DUR–TEM–TIN–APP-DUR-JEA

The new rotation will take effect as from M/V BEA SCHULTEv.2323W,arrivinginHazira14June2023(ETA).

By the change, ONE will provide more option of INDIA ports to customers for smooth and better transport solution,statesacommuniquefromONE.

MSC Containership fleet to hit 5mn TEU capacity this month : Alphaliner

LONDON: MSC is set to be the First Container Line to have fleet of 5mn TEU in capacity later this month according to analyst Alphaliner. MSC overtook Maersk to become the World’s Largest container carrier 16 months ago and continued stream of secondhand purchases and newbuildingshasseenitsfleetcontinuetogrowrapidly.

In its weekly newsletter, Alphaliner said MSC’s fleet stood at 4,956,720 TEU across 753 ships as of 16 May and with the newbuildings MSC Michel Cappelini and MSC Gemma set to be delivered from Yangzijiang and CSSC respectively it would cross the 5 mn TEU threshold beforetheendofMay.

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Commerce Ministry seeks Rs. 2.5K cr more to back Exporters

NEW DELHI: The Commerce Ministry has sought an additional Rs. 2,500 crore to settle arrears related to its interest rate equalization scheme that aims to alleviate stress among exporters by compensating them for a portionoftheinteresttheypayonloans.Themoveaimsto mitigate the challenges small exporters face in view of risinginterestratesanddiminishingexports.

Theborrowingrateformostmicro,small,andmedium enterprises (MSMEs) has already crossed the doubledigitmark,exporterssaid.

“We ran out of money for the interest equalization schemeandaskedforanadditionalRs.2,500crorefromthe FinanceMinistry,”saidaGovernmentofficial.