Cochin Shipyard plans repair cluster on western coast
Close on the heels of designing a maritime cluster in Kochi, Cochin Shipyard is looking at developing other facilities on the western coast of the country to carry out repairs of passing vessels. Madhu...
View ArticleAdani Ports posts bigger Q3 profit on higher cargo volumes, tariffs
Adani Ports and special economic zone, India’s largest private port operator, reported a nearly 68% surge in thirdquarter profit on Thursday, helped by a jump in cargo volumes and higher tariffs....
View ArticleIndia’s Interim Budget 2024 Highlights
Charting Progress: On February 1st, 2024, Finance Minister, Smt. Nirmala Sitharaman presented the Union Budget 2024, aptly named the “Interim Budget” as it paves the way for the upcoming general...
View ArticleBudget 2024: Railway corridors mooted to improve efficiency, reduce cost,...
Indian Railways through three upcoming Railway corridors – the energy, mineral and cement corridor, the port connectivity corridors, and the high traffic density corridors – will look to improve...
View ArticleEvergreen Marine and X-Press Feeders sign MoA for launch of Green Shipping...
Global container shipping line Evergreen Marine Corporation (Evergreen) has signed a memorandum of agreement (MOA) with X-Press Feeders, the world’s largest independent common carrier, to place its...
View ArticleZero Emission Shipping Fund proposal put on the table for IMO
The International Chamber of Shipping (ICS), the Commonwealth of The Bahamas, and the Republic of Liberia have submitted a detailed, fit-for-purpose proposal to shipping’s global regulator, the...
View ArticleNew shipping route connecting China and Russia is officially open
With a cargo ship recently departing for Jingjiang Port in east China’s Jiangsu Province after unloading nearly 20,000 tons of Russia-imported coal at Longkou Port in east China’s Shandong Province, a...
View ArticleGovt extends export incentive scheme for apparel, garment till March 2026
The government on Thursday approved the continuation of an export incentive scheme – RoSCTL – for apparel, garments and made-ups up to March 31, 2026. The Rebate of State and Central Taxes and Levies...
View ArticleFM marginally increases allocation to NHAI to Rs 1.68 lakh crore for FY25
Finance Minister Nirmala Sitharaman on Thursday marginally increased the allocation to state-owned National Highways Authority of India (NHAI) to Rs 1.68 lakh crore for 2024-25 from last year’s revised...
View ArticleBudget 2024 Highlights: ₹700 crore for Sagarmala programme
The government launched the Sagarmala programme in 2015 to transform India’s 7,500 km long coastline and 14,500 km of potentially navigable waterways into a hub of maritime activity. The programme aims...
View ArticleIndian Navy foils piracy attempt on cargo vessel along east coast of Somalia
The Indian Navy foiled a piracy attempt on an Iranian-flagged fishing vessel with a crew of 11 Iranian and eight Pakistani nationals along the east coast of Somalia, in the latest in a series of such...
View ArticleDelhivery posts first-ever profit on back of festive season demand
Indian logistics firm Delhivery posted its first-ever quarterly profit since listing on Friday, helped by healthy demand for online shopping during the festive season. Consolidated profit for the three...
View ArticleShipsy acquires warehouse management startup Stockone to bolster offerings
The acquisition will enable Shipsy to expand its product portfolio, optimise its operations and bolster warehousing capabilities The development comes more than a year after Shipsy raised a funding of...
View ArticleBudget 2024 gives thrust to multi-model connectivity: Logistics players
The Union Budget 2024-25 has given a thrust to multi-model connectivity by implementing economic railway corridors and port connectivity corridors, logistics and port players said on Thursday. Rajiv...
View ArticlePiyush Goyal lauds India’s export resilience despite global challenges
Commerce and Industry Minister Piyush Goyal emphasised India’s resilience in export growth despite global challenges, including the Israel-Hamas war. Despite facing severe challenges, Goyal stated that...
View ArticleGoa shifts focus to logistics and warehousing hub target as Government aims...
Goa, popularly known for its tourism ecosystem, is now eyeing a share of India’s growing logistics and warehousing demand. At the Goa Investor Summit 2024 organised in Panaji on January 29, state...
View ArticleRailways witness 6.43% surge in freight loading in January
During the month of January 2024, railways witnessed 6.43% surge in freight loading with the originating freight loading of 142.70 MT achieved against loading of 134.07 MT in the same month last year....
View ArticleAdani Gangavaram port achieves new record in cargo handling
Adani Gangavaram port, the deepest and the most modern port in the country, on Friday announced it has set a new record of cargo handling. The port has broken its previous records and achieved its...
View ArticleGerman shipping major signs pact for ₹2,500-crore investment in Tamil Nadu
The Tamil Nadu government on Thursday signed an MoU with German shipping company Hapag-Lloyd securing a commitment of ₹2,500 crore investment for the development of container terminals and industrial...
View Article1,000 modern resting facilities to be built for truck drivers on highways: PM...
Prime Minister Narendra Modi on Friday announced a new scheme to build 1,000 modern resting facilities for truck and cab drivers on national highways in line with the government’s ease of living...
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