India aims to expand seafood exports to $12 billion in two years
India is aiming to expand its seafood exports to around $12 billion in the next two years from $8 billion currently, mainly by focusing on high-end markets including the United States and Europe, two...
View ArticleIndia’s March services growth strong, exports at record high: PMI data
India’s services sector accelerated in March buoyed by strong demand, the final HSBC India Services Purchasing Managers’ Index, compiled by S&P Global, showed on April 4. The number in March went...
View ArticleKochi Metro Rail joins ONDC network to enhance mobility experience
Following the successful integration of Chennai Metro, Kochi Metro Rail now becomes the second metro service to join the ONDC Network, a crucial step in revolutionising urban transportation. ONDC has...
View ArticleInvesting in India’s booming e-commerce infrastructure: A game-changing...
India’s e-commerce market is on a rapid growth trajectory, with online sales forecasted to skyrocket from $60 billion to $300 billion by 2030. This exponential growth has spurred robust demand for...
View ArticlePM Modi sets ambitious India economic goals for probable third term
Prime Minister Narendra Modi, confident of winning a national election starting this month, has set an ambitious target of roughly doubling the economy and exports this decade, according to a...
View ArticleBalmer Lawrie to add more business verticals over three years: CMD
Diversified PSU Balmer Lawrie will add more business verticals to its existing ones over the next three years, a company official said on Thursday. With an overall revenue of around Rs 2,300 crore at...
View ArticleDedicated freight corridor: Over 90% operational, 138 km to be added by...
Indian Railways has operationalised over 90 per cent of its 2,843 km long Dedicated Freight Corridor – covering 100 per cent of the eastern arm and 85 per cent of the western one – with over 300 trains...
View ArticleKolkata Port profit jumps 65pc to Rs 501cr in FY’24, records all-time high...
The 154-year-old Syama Prasad Mookerjee Port or Kolkata Port recorded Rs 501.73 crore profit in FY’24, a 65 percent jump compared to that in the previous fiscal. The port said its net surplus in...
View ArticleNew shipping service to enhance connectivity between Saudi and African ports
Maritime connectivity between Saudi and African ports is set to improve with the introduction of a new shipping service by German container transportation firm Hapag-Lloyd. The new route, called JDX,...
View ArticleDenmark closes major shipping strait over faulty missile launcher
Denmark has closed one of the world’s busiest shipping lanes over an activated but malfunctioning missile launcher on a Danish navy ship, the country’s military said Thursday. The Niels Juel ship is...
View ArticleGovt may shelve Rs 2-trn freight corridor plan
The government is likely to abandon the plan to set up three more dedicated freight corridors (DFCs) – East Coast, East-West and North-South – at an estimated combined cost of Rs 2 trillion. The Centre...
View ArticleBangladesh retains its position as the leading shipbreaking country
Bangladesh has become a prominent player again despite the shipping industry’s global crisis. According to the most recent data from the NGO Shipbreaking Platform, Bangladesh retained its position as...
View ArticleExploring career opportunities with a PGDM in Logistics and Operations
In today’s highly interconnected global economy, the logistics and operations sector plays an important role in keeping businesses running smoothly. Whether it’s manufacturing, retail, healthcare, or...
View ArticleIran’s maritime transportation capacity increases by 6,000 tons
In the early days of the current Iranian calendar year (started March 20, 2024) and in line with promoting the quality and renovating and developing the maritime fleet of the country in the Caspian...
View ArticleEssar Group’s GreenLine aims to deploy 5000 LNG-powered vehicles by end of FY25
Industries across India are rapidly adopting LNG (Liquefied Natural Gas) transportation as a powerful solution to combat climate change. It is driven not only by environmental concerns but also by...
View ArticleIndia to probe alleged antitrust behavior by Maersk, DP World at Mumbai port...
India’s antitrust regulator has ordered a probe into alleged anti-competitive practices by Denmark’s A.P. Moller-Maersk and Dubai’s DP World at the terminals they operate at the country’s largest...
View ArticleAdani expects Vizhinjam Port commercial operations likely to begin by September
Adani Vizhinjam International Seaport is expected to begin the trial run of port operations in May by pressing barges loaded with containers. According to the officials with the Adani Group, which...
View ArticleChina sees surge in shipping container export
China, which makes 90 percent of global shipping containers, has recently seen a sharp surge in container export as overseas needs continue to rebound. The Xinhuachang International Containers Company,...
View ArticleNational Maritime Day 2024: history, significance and celebration
National Maritime Day, celebrated annually in India on April 5, honours those who spend months at sea, contributing to India’s trade. It also commemorates the inaugural voyage of the first Indian-owned...
View ArticleNew shipping link between South Korea and the Red Sea
Sea Legend Shipping, a start-up established in February 2023, and Safetrans have announced a collaboration to enhance their service offerings, focusing on routes from the Red Sea to China and extending...
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