[ad_1] Maersk is expanding its logistics network to support rising trade demand as freight rates stabilise following last year’s volatility. Christopher Cook, Managing Director of South Asia at Maersk, forecasts a 4% growth in global trade this year and expects the company’s performance to align with this trend. Company Value Change %Change Cook explained, “The […]
Allcargo Logistics expects freight rates to remain rangebound – CNBC TV18
[ad_1] Ravi Jakhar, Chief Strategy Officer at Allcargo Logistics, expects freight rates to remain rangebound in the near term. “There’s supply coming in and also ships going for scrapping. There are chances of de-escalation of tension, which means that the supply constraints could go away. But at the same time, it will be coupled with […]
Strong US retail demand boosts Gokaldas Exports revenue, although YoY margins decline – CNBC TV18
[ad_1] Leading exporter and trader Gokaldas Exports posted a revenue surge in the second quarter backed by a rise US retail demand. Discussing the company’s Q2 performance, Vice Chairman Siva Ganapathi said despite a surge in revenues there was an year-on-year (YoY) decline in margins. Ganapathi, in an interview with CNBC TV-18, highlighted a positive […]