India, Iran to sign Chabahar contract after 2024 elections
India and Iran have finalized a long-term contract for the development of Chabahar port after more two decades of painfully slow negotiations with the oil-rich Gulf nation, periodically stymied by...
View ArticleAnti-dumping duty on synthetic rubber soon
The Directorate General of Trade Remedies (DGTR) has recommended imposition of provisional anti-dumping duty on imports of Isobutylene-Isoprene Rubber (IIR) or butyl rubber from China, Saudi Arabia,...
View ArticleIndia poised for extended growth trajectory: RBI’s State of Economy
In the global economic landscape, the first quarter of 2024 has seen a continuation of robust growth momentum, accompanied by positive signs for global trade. Major economies are witnessing a slight...
View ArticleGovt to invite tender for Great Nicobar transhipment hub by July as part of...
The Ministry of Ports, Shipping and Waterways (MoPSW) plans to invite bids for the first phase of the proposed international container transhipment terminal at Great Nicobar in the Bay of Bengal by...
View ArticleSurge in shipments to WANA, CIS countries push engineering exports in FY24
Primarily on the back of a surge in shipments to West Asia and North Africa (WANA), North East Asia, and CIS countries, annual engineering goods exports turned positive in fiscal 2023-24. The share of...
View ArticleResidential cruise ship in the city
Private residential cruise, MS The World, Bahamas Flag Cruise Vessel, arrived at Chennai port on April 24 with 280 crew members and 89 passengers. The vessel’s last port of call was Trincomalee, Sri...
View ArticleBIMCO: Dry Bulk shipping fundamentals seen improving moving forward
We expect the supply/demand balance to strengthen in 2024 and weaken in 2025. Supply is estimated to grow by 2-3% in 2024 and 1.5-2.5% in 2025, while demand is projected to grow by 2.5-3.5% in 2024 and...
View ArticleTata Steel commits £1.25 billion for Port Talbot furnace expansion
Tata Steel has announced its decision to proceed with a significant £1.25-billion investment in constructing an electric arc furnace at Port Talbot, which will replace two blast furnaces. This move...
View ArticleAdani Gangavaram port initiates special education programs for Dibbapalem...
Adani Gangavaram Port is association with Adani Foundation has initiated various sustainable activities with a focus on improving the educational infrastructure and providing the right support to the...
View ArticleGovernment allows exports of specified quantity of white onion via three ports
Easing export ban, the government on Thursday permitted overseas shipments of a specified quantity of white onion from three ports. The Directorate General of Foreign Trade (DGFT) in a notification...
View ArticleAdani Group’s Vizhinjam Port gets ministry nod to run India’s first...
The Adani Group’s Vizhinjam Port has received the shipping ministry’s approval for operating as India’s first transshipment port. The recommendation for declaring it a customs-notified port was made...
View ArticleBlackstone logistics arm to set up facility in Chakan
Horizon Industrial Parks, a logistics platform owned and operated by real estate conglomerate Blackstone, will invest Rs 1,000 crore for setting up a industrial and warehousing logistics park in...
View ArticleUS-India Business Council launches AI task force with Meta as co-chair
The United States Chamber of Commerce’s US-India Business Council (USIBC) on Thursday convened its first Artificial Intelligence (AI) Task Force, which met virtually to discuss cross-sector...
View ArticleShift vessel with coal from Gangavaram to Vizag: HC
The high court on Thursday directed the Adani Gangavaram Port management to shift the vessel with coking coal docked at its port to Visakhapatnam port immediately. The HC expressed displeasure over the...
View ArticleVaranasi pilot for deployment of green hydrogen fuel cell vessels on NW-I
Varanasi has been selected as the pilot location for deployment of green hydrogen fuel cell inland vessels on National Waterways-I, aligning with the government’s Harit Nauka guidelines, an official...
View ArticleGovt working on setting up Maritime Development Fund akin to Power Finance...
Ministry of Ports, Shipping and Waterways (MoPSW) is actively working on establishing a dedicated Maritime Development Fund akin to established sectoral financial institutions such as Power Finance...
View ArticleSanctioned Russian arms smuggling vessel found in China’s largest ship repair...
China is providing moorage to a US-sanctioned Russian cargo vessel implicated in the North Korean arms transfers to Russia, per satellite images obtained by Reuters, as the US concerns regarding...
View ArticleMaruti Suzuki transports 25% of vehicles through railways
In a bid to reduce the carbon footprint, Maruti Suzuki is transporting more vehicles from its plants through the railway. The automaker transported around 25 percent of its vehicles through the railway...
View ArticleIndia’s gem and jewellery sector gets AEO status from Finance Ministry
The country’s gem and jewellery sector has received an Authorised Economic Operator (AEO) status from the finance ministry which will facilitate exports and imports of gem and jewellery with shorter...
View ArticleRed Sea crisis puts China-Europe freight rail in spotlight
More and more freight forwarders have turned to the China-Europe Railway Express (CRE), an extensive network of rail services connecting China and Europe, as a transportation alternative amid the Red...
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