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Russia’s largest oil producer Rosneft ROSN.MM and India’s top refiner Indian Oil Corp IOC.NS agreed to use the Asia-focused Dubai oil price benchmark in their latest deal to deliver Russian oil to India, three sources familiar with the deal said. The decision by the two state-controlled companies to abandon the Europe-dominated Brent benchmark is part […]

Officials in Russia and Venezuela are making plans to launch a joint shipping company in order to boost trade between the two heavily-sanctioned nations. The route could serve the Russian-occupied port of Sevastopol, providing a conduit for trade in food and industrial goods.  “The Venezuelan side is interested in expanding the volume of mutual trade,” […]

Blockchain is a digital ledger technology that allows secure and transparent record-keeping of transactions in a decentralized and distributed network. In a blockchain, transactions are verified and recorded in blocks, which are linked together in a chronological chain using cryptographic algorithms. Each block contains a unique digital signature, or hash, which makes it impossible to […]

The Port of Nhava Sheva, also known as Jawaharlal Nehru Port, is India’s largest container port and one of the most important hubs for international trade. It is on the western coast of India, near Mumbai, and is the main entry point for international trade into India. It is the busiest container port in India […]

The demand for sustainability in logistic operations is increasing faster than ever. Contrary to the belief that cutting costs in the logistics department can serve more profits to a business, it’s quite the opposite now. With increasing environmental awareness among business leaders and the public, sustainable logistics is serving as the key to keeping your company […]

1. Be rate savvy Competitive pricing is great, but a scammer posing as an ocean freight forwarder may be trying to lure you in with an extremely reduced rate. Do your research by gathering a range of quotes from other freight forwarders to get an idea of what a shipment typically costs. It is all […]