‘RGI’ shipping service added to Jeddah Islamic Port
The Saudi Ports Authority (Mawani) has announced the addition of a new service dubbed ‘RGI’ by Unifeeder to Jeddah Islamic Port, establishing a vital connection between the kingdom and Indian ports....
View ArticleFar East-Middle East/India trade booms, as European exporters suffer
Other than elongated transit times, Asia-Europe container supply chains may be so far largely unscathed by the Red Sea crisis and vessel diversions around the Cape of Good Hope – but for European...
View ArticleAsia box lines launch joint Southeast Asia – India service
Wan Hai Lines, Korea Marine Transport Co. and Interasia Lines will launch a new Southeast Asia – India Service VIII on 26 April. The service will be operated by four container vessels with a nominal...
View ArticleVizag Port creates new record in cargo handling
The Visakhapatnam Port Authority (VPA) has set a new cargo handling record by surpassing 80 million metric tonnes per annum (MMTPA) just four days before the end of the financial year 2023-24. This...
View ArticleUK Navy ships to undergo maintenance at L&T Shipbuilding’s TN facility
For the first time, two ships of the United Kingdom’s Royal Navy, owned by the Royal Fleet Auxiliary, have arrived at Larsen and Toubro’s Shipbuilding facility at Kattupalli near here for scheduled...
View ArticlePod taxis to provide last-mile connectivity in GIFT City; consultants appointed
Italy-based M/s Rina Consulting and Ahmedabad-based M/s CASAD Consultants Pvt. Ltd. have been appointed as consultants for carrying out a detailed feasibility study for the development of Personal...
View ArticleIndia’s trade policy is calibrated with economic growth path: Piyush Goyal
India’s trade policy is calibrated with its economic growth trajectory as it aims to achieve a target of $2 trillion in exports by 2030, Commerce and Industry Minister Piyush Goyal said on Thursday....
View ArticleMarcos Jr. eyes stronger maritime ties with India
The Philippines is seeking stronger maritime security cooperation with India to ensure the safety of seafarers from both nations as the world’s oceans are becoming more dangerous for commercial...
View ArticleGE Shipping inks deal to buy medium range product tanker
Great Eastern Shipping Company announced that it has signed a contract to buy a medium-range (MR) product tanker of about 51,486 deadweight tonnage (dwt) on 28 March 2023. The 2013-built vessel is...
View ArticleWaltair Railways registers 75 MT freight handling
The Waltair Division of East Coast Railway has achieved a significant milestone by loading 75 million tonnes of freight, marking a first in its history of over 100 years. The division reported a...
View ArticleEastern Railway earned its best-ever freight revenue of Rs 7,774.62 cr in FY...
The Eastern Railway has earned its best-ever freight revenue of Rs 7,774.62 crore in the financial year 2023-24, an increase of 19.47 per cent over the previous fiscal, an official said here on Monday....
View ArticleAt 1,591 mt, Railways achieves highest-ever freight loading in FY24
Freight loading across Indian Railways saw a 5 per cent YoY increase to 1,591 million tonnes (mt) for FY24, as compared to 1,512 mt in the year ago period. This is the highest-ever freight loading by...
View ArticleMoRTH issues SOP for digitising sanction of projects across India
The ministry of road transport and highways has issued detailed standard operating procedures for recording and digitising the sanction process for all road projects with effect from April 1, 2024....
View ArticleAnti-dumping probe initiated on ‘insoluble sulphur’ imports from China, Japan
The Directorate General of Trade Remedies (DGTR) in the Commerce and Industry Ministry has initiated anti-dumping investigation on ‘insoluble sulphur’ imports from China and Japan. Insoluble sulphur,...
View ArticleGoods and services tax collection rises 11.5% to ₹1.78 lakh crore in March
GST collections in March grew 11.5 per cent to ₹1.78 lakh crore, buoyed by domestic transactions, the Finance Ministry said on Monday. The gross GST collection for the last fiscal (April 2023-March...
View ArticleAdani Ports clocks 420 mt of cargo in FY24 with domestic ports handling 408 mt
Adani Ports and Special Economic Zone Ltd (APSEZ), ended FY24 by handling 420 million tonnes (mt) of cargo, including international ports, clocking a growth of 24 percent over the previous year, the...
View ArticleJawaharlal Nehru Port Authority handles 6.43 million TEUs in FY24
Jawaharlal Nehru Port Authority, the entity that runs India’s biggest state-owned container gateway and the country’s second largest, said it handled 6.43 million twenty-foot equivalent units (TEUs) in...
View ArticleCosco Shipping Ports reports 4.4% YOY increase in total throughput for 2023
Chinese state-owned ports logistics company Cosco Shipping Ports Limited reported a 5.8% year-on-year increase in profit for 2023, standing at USD 324.5 million. The company’s annual revenue reached...
View ArticleSaudi ports enhance Red Sea connections with new NRS shipping service
A new shipping service connecting Jeddah to the northern Red Sea has been launched by Saudi independent short-sea service provider Folk Maritime, indicating growth in the Kingdom’s maritime sector. The...
View ArticleTemporary alternate channel in the making to reopen Port of Baltimore
A temporary alternate channel on the northeast side of the main channel near the Francis Scott Key Bridge is being created to facilitate access to the Port of Baltimore for commercially essential...
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