IGST on ocean freight is not permissible under law: Gujarat High Court

The Gujarat High Court has declared imposition of integrated goods and services tax (IGST) on ocean freight as violative of the Constitution. Ocean freight is the cost incurred through an agreement between two foreign parties to bring goods to India via ocean. Allowing petitions against the tax, the court said the levy and collection of tax on.

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Dubai unveils loyalty scheme to lure premium transhipment cargo from Europe

Dubai has launched a loyalty scheme for shippers and freight forwarders in a bid to capture premium “south-south” transhipment cargo from hubs in Europe. The World Logistics Passport (WLP) is an initiative from Dubai’s Customs World, with the support of DP World, Emirates and Dnata. Sultan Ahmed Bin Sulayem, group chairman and chief executive of.

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Wan Hai joins fellow carriers to threaten heavy fines for misdeclared cargo

Wan Hai has joined the ranks of many of its carrier peers, announcing it will fine shippers that intentionally misdeclare cargo contents. The Taiwanese carrier told customers that, notwithstanding any consequential liabilities or damages from a cargo misdeclaration, it would fine shippers, and/or notified parties and consignees, $30,000 per container for misdeclared hazardous cargo, and.

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Mansukh Mandaviya, IMO chief discuss maritime issues concerning India

Union Minister of State for Shipping (Independent Charge) and Chemicals &Fertilizers Shri Mansukh Mandaviya today met the Secretary-General of IMO, Mr. Kitack Lim, at the 50th Annual Meeting of World Economic Forum at Davos, Switzerland. Shri Mansukh Mandaviya Shipping (I/C) and Chemical & Fertilizers with the Secretary-General, IMO Mr. Kitack Lim in meeting at the 50th Annual Meeting of World Economic Forum at Davos, Switzerland.

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Maersk to hike bunker surcharges on soaring VLSFO prices

Prompted by a price surge of very-low sulphur fuel oil (VLSFO) since the implementation start of the sulphur cap 2020, Danish shipping major Maersk has decided to increase its bunker surcharge. “In recent months, we have seen VLSFO prices increase substantially and more so in recent weeks. In particular, VLSFO price in Asia (Singapore) for.

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THE Alliance launches 20-21 network schedule, with fewer weekly services

THE Alliance yesterday published its 2020-21 network, which will launch on 1 April. And despite the incorporation of HMM and its newbuild ULCVs, THE Alliance (THEA) will still lag behind its 2M and Ocean alliance rivals in terms of the number of services and big ships deployed between Asia and North Europe, according to Alphaliner..

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JNPT customs joins Indian crackdown on carrier terminal pricing

Indian efforts to address shipper concerns over a lack of transparency into logistics costs are seeing greater urgency at the start of 2020, threatening to box container lines farther into a corner. The latest move is a customs advisory allowing shippers to bypass carriers while settling terminal handling charges (THC) related to direct port delivery.

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Yet another Europe-Asia container capacity crunch rears its head

2M alliance partners Maersk and MSC have advised their North European customers of five void Asia sailings in March, and the members of the Ocean and THE alliances are expected to confirm a similar number of cancellations. A Maersk customer advisory said: “The blankings are occurring in connection with the blanked westbound sailings due to.

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Ship-fuel squeeze in India another hurdle for ailing economy

Ships hauling everything from coal to iron ore and consumer goods on domestic routes along India’s coast may run out of fuel as the nation struggles to meet new environmental standards. The maritime industry in Asia’s third-largest economy is facing a shortage of cleaner-burning fuels as local refineries aren’t producing enough aer the Jan. 1.

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Bahraini shipping firm first to launch Antarctica operations

A Bahraini shipping company has become the first to launch operations in Antarctica by handling a private jet. Kanoo Shipping, one of the largest shipping agencies in the region and a fully owned business of Yusuf bin Ahmed Kanoo Group (YBA Kanoo), has launched operations in Antarctica through its office in South Africa. Antarctic operations began by.

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