3 EGYPT Ever Given Released from Suez Canal
The Ever Given container ship has been released from the Suez Canal after its Japanese owner and local authorities agreed to a compensation settlement . The Ever Given underwent a full inspection at Port Said before leaving Egyptian waters , 112 days after it ran aground in March .
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INDIA
Paypal leads $ 41m funding round in Shiprocket
Indian logistics platform Shiprocket has raised more than $ 41.3m ( Rs 305 crore ) in the first step of a Series D funding round co-led by Paypal Ventures . It is the logistics firm ' s biggest single round by far and will fuel international expansion beginning in the Middle East .
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INDIA India Cuts Pal Oil Import Duties
The world ’ s largest palm oil market is opening up to foreign refined imports . In June , Indonesia reduced its crude palm oil export ceiling rates by US $ 80 / mt . While there were originally concerns that they would have too much product to sell , demand is now expected to keep pace . supplychaindigital . com 13