Shippers will have to foot the final bill for ‘greener’ shipping
Carriers will have to rely on cargo-owners’ willingness to pay a healthy surcharge for greener shipping, in order to recover the cost of ‘significantly more expensive’ green methanol fuel. Yesterday,...
View ArticleIndustrial & logistics sector records 22% YoY demand growth in Q1 2024
The industrial and logistics sector started the year on an impressive note, with a strong absorption of 13.5 mn sq. ft. in Q1 2024 compared to 11.0 million sq. ft. in Q1 2023, representing 22.7 percent...
View ArticleGhogha-Pipavav-Mumbai ferry service under consideration
To alleviate the burden on road, rail, and air transport and to leverage India’s extensive coastline of 7500 kilometers, extensive surveys are underway to promote water transport. The Ghogha-Hajira...
View ArticleIndia-Myanmar-Thailand (IMT) Trilateral Highway – delays to a wonder
The India-Myanmar-Thailand (IMT) Trilateral Highway is expected to prove as a critical link between the Indian Ocean and the Pacific considering the potential it holds for better regional connectivity...
View ArticleTVS ILP invests ₹125 crore into upcoming Cuttack warehousing facility
TVS Industrial & Logistics Parks (TVS ILP), a part of TVS Mobility Group, recently broke ground for a new state-of-art warehouse in Cuttack, Odisha that spans 24 acres of land, housing two large...
View ArticleNFR holds steady growth in Freight Unloading during March, 2024
N. F. Railway (NFR) is continuously registering a steady growth in Freight Unloading. 1306 freight carrying rakes have been unloaded by NFR during the month of March, 2024. This is an increase of about...
View ArticleCarriers spot bargaining room for India-Middle East cargo as Red Sea gains fade
India-Persian Gulf trades seem to be a glaring exception for container lines, as they are rapidly losing the pricing steam they have had from the Red Sea crisis on the larger trade lanes. Most mainline...
View ArticlePower Finance Corporation offers to underwrite entire debt of Rs27,300 crore...
Power Finance Corporation Ltd (PFC) has offered to underwrite the entire debt of Rs 27,283 crore for the construction of a mega port at Vadhavan near Dahanu in Maharashtra’s Palghar district, multiple...
View ArticleMaldives in discussion with India to pay in local currency for imports: Minister
The Maldives is currently discussing with India if the island nation can make payments for its imports from the country in Maldivian Rufiyaa, a senior minister has said. A similar arrangement is also...
View ArticleCONCOR to set up CFS at Kathuwas MMLP in partnership with private firms
Global container lines such as MSC, Maersk, CMA CGM and terminal giants such as PSA International and DP World are eyeing a tender floated by state run Container Corporation of India Ltd (CONCOR) to...
View ArticleDBGT registers an imperative growth for 2023-24
Dakshin Bharat Gateway Terminal (DBGT) has ended the FY 2023-24 on a very confident note by handling 602,969 TEUs with a Y-o-Y growth rate of 6%, surpassing the operational capacity of 0.6m TEUs. DBGT...
View ArticleNIT-Surathkal begins study to reduce carbon footprint at Mormugao port
Mormugao Port Authority (MPA) has asked NIT-Surathkal to conduct a study on the port’s activities so that its carbon footprint can be reduced, particularly through measures that reduce greenhouse gas...
View ArticleForeign-flag ship was headed for Indian port through Strait of Hormuz:...
Chief of Naval Staff Admiral R Hari Kumar on Sunday said the vessel with a foreign flag and 17 Indians on board was headed for one of the Indian ports after clearing the Strait of Hormuz when troops...
View ArticleIran’s seizure of ship ‘simple, clear piracy’: Israeli envoy
Israeli ambassador to India, Naor Gilon, emphasised that the Israel-linked cargo ship ‘MSC Aries’, seized by Iran on Saturday with 17 Indian nationals onboard, is “just piracy, simple, clear piracy,”...
View ArticleLong pending reforms to boost shipping industry, promises BJP manifesto
Ahead of the Lok Sabha elections, the ruling Bharatiya Janata Party (BJP) has promised to encourage the growth of the Indian maritime sector through legislative changes, according to its election...
View ArticleIran-Israel conflict: Aviation, shipping sectors brace for disruption
The ongoing conflict between Iran and Israel could disrupt the aviation and shipping industries, sparking concerns over air travel safety and maritime security worldwide, besides a potential rise in...
View ArticleJaishankar speaks to Iranian counterpart on release of 17 Indian crew members...
External affairs minister S Jaishankar on Sunday said that he spoke to his Iranian counterpart H Amirabdollahian regarding the release of 17 Indian crew members who are among the 25-member crew of a...
View ArticleIran seizes India-bound ‘Israeli-linked’ ship near Strait of Hormuz
Iranian armed forces have seized a container ship near the Strait of Hormuz amid rising tensions across the region after a deadly Israeli attack on Iran’s consulate in Syria. The incident comes amid...
View ArticlePetregaz India commissions ₹600 crore LPG Import & Storage terminal at...
Petregaz India, a subsidiary of Petredec Group, inaugurated its new LPG Import and Storage Terminal at Krishnapatnam, Andhra Pradesh. The newly commissioned facility, with an investment of ₹600 crore,...
View ArticleAdani intends to invest ₹1,689 crore for ship leasing firm in Gujarat’s Gift...
Adani Ports and Special Economic Zone Ltd (APSEZ) has reportedly proposed a significant investment of ₹1,689 crore for the establishment of Poseidon Leasing IFSC Ltd, a step-down subsidiary company, to...
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