Pipavav Port stock hits 52-week low as net profit falls 14% YoY to Rs 99 crore
Gujarat Pipavav Port Ltd (NSE: GPPL) shares slumped to a new 52-week low of ₹132.45 on February 13 following disappointing Q3 FY24 results. As of 11:08 AM, the shares were trading 1.65% down to Rs...
View Article‘UAE warehouse rents set to rise up to 10% in 2025 amid supply shortage’
Warehouse rents in the UAE are expected to further increase by up to 10 percent in 2025, driven by strong demand, low vacancy rates and shortage of industrial land, according to Kunal Lahori, Director...
View ArticleDP World’ pioneering carbon inset programme registers over 100,000 containers
The world’s first container port Carbon Inset Programme has registered more than 100,000 TEUs worth of import laden containers by cargo owners in its first two months. Launched by DP World in the UK in...
View ArticlePakistan-Russia freight train: Trial operations likely by March
Pakistan Russia international freight train service is expected to commence its trial operations by March 15, 2025 to boost regional trade with Iran, Turkmenistan, Kazakhstan, and Russia. The...
View ArticleIndian steel market may see dumping due to US tariffs: JSPL chairman
Domestic steel industry needs to be on guard as countries exporting to the US may divert shipments to India after the imposition of tariffs, an industry official said on Saturday. With the tariffs...
View ArticleIndia-Afghanistan trade: Exports slump, imports surge
India’s trade equation with Afghanistan has witnessed a shift after the Taliban’s return to power in August 2021, with imports touching a record $642.29 million in 2023-24 and exports slumping to a...
View ArticleBharat Tex: India aims to boost T&A exports 2.5-fold in 5 Years
India is confident of achieving a target of $100 billion in textile and apparel exports, including overseas shipments of garments worth $40 billion, within a period of 5–6 years. This will be two and a...
View ArticleDRI probe into textiles import led to peas scam at Chennai port
An investigation by Directorate of Revenue Intelligence (DRI) sleuths from New Delhi at the Chennai Port around two weeks ago into the mis-declaration of imported textile fabric gave them the lead to...
View ArticleIndia, Myanmar strengthen trade ties, plan to restart border trade
India and Myanmar have reaffirmed their commitment to boosting economic cooperation, with discussions focusing on resuming border trade through road networks and expanding trade in key sectors. The...
View ArticleIndia’s oil & gas companies ink LNG import deals worth billions of dollars
Looking to secure natural gas supplies in the face of rapidly growing demand, Indian oil and gas companies inked three long-term liquefied natural gas (LNG) import deals with global majors worth...
View ArticleNo more PLIs in India’s manufacturing push
The government has dropped a plan to launch new production Linked Incentive (PLI) schemes, given that many of the existing ones are yet to produce satisfactory outcomes. However, it is likely to...
View ArticleIndia’s cost of logistics as a percentage of GDP is falling
Global logistics major FedEx Corporation that moves millions of packages every day said supply chains are changing dramatically. “In the last five years, supply chain has become a boardroom...
View ArticleCONCOR drops plan to switch to new land lease regime of Indian Railways for...
In a flip-flop, Container Corporation of India Ltd (CONCOR) has dropped its plan to shift to the Gati Shakti Cargo Terminal (GCT) policy for running terminals built on Indian Railways land, Chairman...
View ArticleIndian Railways completes first freight train trial in Nagaland
In a major boost for transportation infrastructure in Nagaland, Indian Railways has successfully completed the first trial run of a freight train using Multi-Unit (MU) locomotives . The trial took...
View ArticleMaersk and Cochin Shipyard form strategic partnership on shipbuilding and...
Integrated logistics company A.P. Moller-Maersk A/S and state-run shipbuilder Cochin Shipyard Ltd have formed a strategic partnership to explore collaboration opportunities in ship repair, maintenance,...
View ArticleBangladeshi vessel carrying fly ash-laden sinking in Muriganga river after...
A Bangladeshi vessel carrying fly ash from Budge Budge to the neighbouring country is sinking in the Muriganga river in West Bengal’s South 24 Parganas district after hitting a sandbar, an official...
View ArticleGreen growth on agenda of International Maritime Organisation chief’s India...
The Secretary-General of the International Maritime Organisation (IMO) will begin a three-day visit to India when he arrives in Mumbai on Wednesday for talks with senior government officials on topics...
View ArticlePiyush Goyal discusses shipping-logistics growth potential with Mediterranean...
Commerce Minister Piyush Goyal had a productive meeting with Soren Toft, CEO of Mediterranean Shipping Company (MSC), and Deepak Tewari, MD, MSC Agency India. The minister discussed vast growth...
View ArticleMSC CEO meets Piyush Goyal to explore investment in shipbuilding & repair
In a significant day for India’s maritime sector, Soren Toft, Chief Executive Officer of Mediterranean Shipping Company, the world’s largest container shipping line by capacity, met Piyush Goyal, Union...
View ArticleBangladesh Shipping Corp set to return to container sector with 12-ship deal
Bangladesh Shipping Corporation (BSC) is set to buy up 12 cellular box ships, ranging from 2,500-3,000 teu, as it looks to grab a share of regional containerised volumes. The move would represent a...
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