Logistics sector poised for ‘promising’ new year on rising investments
Fuelled by demand, manufacturing activities, and investments, the horizon of the country’s logistics industry looks “promising” for 2024, though Red Sea might cast a shadow of global supply disruptions...
View ArticleCruise ships to start service from Kerala’s Beypore next year: Fin Minister
The state government of Kerala is planning to start cruise ship services from Beypore next year as more funds have been allocated for dredging at the port, said Minister for Finance KN Balagopal. The...
View ArticleAmazon India’s logistics unit sees revenue fall marginally to Rs 4,543 cr
logiAmazon Transportation Services (ATS), the Indian shipping arm of Amazon, saw its growth stagnate in the year ended March 31, 2023. It reported a marginal fall in operating revenue to Rs 4,543 crore...
View ArticleGadkari approves Rs 1170 crore outlay for roads in Ladakh
Road Transport and Highways Minister Nitin Gadkari has sanctioned an allocation of Rs 1170.16 crore for 29 road projects for the Union territory of Ladakh, encompassing a state highway, major and other...
View ArticleKakinada Gateway Port achieves FC with Rs 2,100 cr loan
In a significant development, Kakinada Gateway Port Pvt Limited, a Greenfield all-weather private port coming up near Kakinada in Andhra Pradesh on the East Coast of India, recently achieved financial...
View ArticleLancer Container Lines expands global footprint with launch of Argo Anchor in...
Lancer Container Lines Limited, a distinguished name in the shipping industry and a publicly listed company in India, has announced the inauguration of its subsidiary, Argo Anchor, in the vibrant city...
View ArticleGovt may consider at least 10 policy measures to support exporters in 2024
The Indian government may consider at least ten policy measures in 2024 to support merchandise exporters and increase India’s share, which currently stands at 1.8 per cent, in world merchandise...
View ArticleIndia to sign clean, fair economy deal under Indo-Pacific economic framework
India is expected to sign a much-awaited deal on two more pillars of the US-led Indo-Pacific Economic Framework—clean economy and fair economy—early next year, two officials aware of the matter said....
View ArticleEurope-bound diesel, jet fuel cargoes divert from Red Sea
At least four tankers transporting diesel and jet fuel from the Middle East and India to Europe are taking the longer route around Africa to avoid the Red Sea, ship tracking data show. Diversions...
View ArticleIndia’s Petronet LNG moves forward with Gopalpur FSRU plans
India’s Petronet LNG is moving forward with its plans to install a floating storage and regasification unit (FSRU) in Gopalpur, Odisha. The LNG importer said in a statement on Wednesday it has executed...
View ArticleIndia plans linkage to Bangladesh’s Matarbari port in regional connectivity push
India is considering proposals to connect Bangladesh’s strategically important Matarbari port to northeastern states, according to people aware of the matter. Bangladesh expects to boost exports once...
View ArticleGovernment will extend all support to activities of Kerala Shipping and...
Kerala Chief Minister Pinarayi Vijayan said that the government will extend all support to the activities of the Kerala Shipping and Inland Navigation Corporation (KSINC) under the State Department of...
View ArticleAttacks on cargo vessels: Indian Navy deploys frontline destroyers, frigates...
The Indian Navy has deployed task groups comprising frontline destroyers and frigates in the central and north Arabian Sea and augmented its force levels in the region to undertake maritime security...
View ArticleGati Shakti proving handy for Centre & states, govt works to give pvt sector...
With 39 central ministries and state governments using and benefiting from the PM GatiShakti National Master Plan, the Centre is considering giving the private sector limited access to the platform. At...
View ArticleRailways needs to double cargo share to 55%, says Ashwini Vaishnaw
Indian Railways’ modal share in freight needs to double to 55% for the country to become a globally competitive economy, according to the railway minister. “On aggregate, we should be reaching 55% rail...
View ArticleIranian warship enters Red Sea amid tensions
Iran’s Alborz warship has entered the Red Sea, the semi-official Tasnim news agency reported Monday, at a time of soaring tensions on the key shipping route amid the Israel-Hamas war and attacks on...
View ArticleShips owned by Irish firm in finance deal sold and scrapped on beaches in...
Two ships that had been owned by an Irish investment company under a financing arrangement were scrapped on beaches in Bangladesh and India last year, a practice condemned by environmental...
View ArticleHouthi threat notwithstanding, it’s smooth sailing for Russian oil through...
The recent spate of attacks on commercial vessels by Yemen-based Houthi rebels have not impacted flow of Russian crude through the Suez Canal-Red Sea route, even as a number of global shipping lines...
View ArticleOnion export ban may be lifted as prices drop, supplies rise
The Centre is planning to lift the ban on onion exports as the price of the vegetable has dropped significantly in the main producing regions, said a senior official. India, one of the biggest...
View ArticleTEXMACO appoints Sudipta Mukherjee as its new Managing Director
TEXMACO Rail & Engineering Ltd., a leading railway infrastructure and engineering sectors, has announced the appointment of Sudipta Mukherjee as its new Managing Director. Mukherjee’s appointment...
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