India receives oil cargo in Russian SCF tanker after brief halt, sources say
A ship controlled by U.S.-sanctioned Russian shipping giant Sovcomflot (SCF) discharged fuel oil at a western Indian port on Friday, two sources familiar with the matter said, indicating a resumption...
View ArticleThree Russian firms get approval to provide marine insurance cover to tankers
Three Russian companies have received approval from the Indian government to provide marine insurance cover to tankers, according to a Directorate General of Shipping order. The three Russian companies...
View ArticleLikely missile attack by Yemen’s Houthi rebels targets a container ship in...
A suspected missile attack by Yemen’s Houthi rebels targeted a container ship in the Red Sea on Monday, authorities said, the latest assault in their campaign against international shipping in the...
View ArticleInfrastructure developments in 2024 set to revitalise India’s 3PL and...
Mr. Varun Gada, Director of LP Logiscience, highlights the warehousing sector’s significance in infrastructure development. Warehousing companies in India are seeing tremendous growth as a result of...
View ArticleKazakhstan, Turkmenistan and Afghanistan to Cooperate in Freight Transit...
On April 27, Deputy Prime Minister of Kazakhstan Serik Zhumangarin, Director General of the Agency of Transport and Communications of Turkmenistan Mammetkhan Chakiyev, and Minister of Trade and...
View ArticleInterest equalisation scheme provides much needed competitiveness to exports:...
Exporters’ body FIEO has said the interest equalisation scheme provides “much needed” competitiveness to exports. It also made a case for higher subvention rates arguing that interest rate in India was...
View ArticleAndhra Pradesh invests in port-led growth
Andhra Pradesh’s effort to strengthen its maritime logistics capability is on course as work gathers pace in the construction of four new ports and a notable increase in shipments from the existing six...
View ArticleAdani, GMR and Fairfax in pre-bid process to develop Puri airport
The tender for a public-private partnership (PPP) was floated by the Odisha Industrial Infrastructure Development Corporation (IDCO) in February, this year. Fairfax, Adani Group and GMR have expressed...
View ArticleTrade bodies challenge new income tax provision for micro, small enterprises...
Three trade bodies have moved the Supreme Court against a new income tax provision related to payment to micro and small enterprises. Federation of All India Vyapar Mandal, Federation of Madras...
View ArticleRed Sea diversions spew carbon emissions equal to 9 million cars
Ships seeking to avoid ongoing attacks by Houthi rebels in the Red Sea area are emitting millions of additional tons of carbon, making it tougher for companies using ocean freight to reduce pollution...
View ArticleDP World said to buy Distribution Logistics Infrastructure from AIM quoted...
Dubai government-owned port operator DP World Ltd is said to buy Distribution Logistics Infrastructure Pvt Ltd and its group companies (DLI India) from Infrastructure India Plc (IIP) after the...
View ArticleDramatic improvement’ in ties with B’desh, ‘game-changing’ connectivity...
External Affairs Minister (EAM) S. Jaishankar, on Monday, asserted that foreign policy “matters to everyone in a globalised world” as he spotlighted India’s enhanced ties with Bangladesh and its...
View Article21 Indian warships protecting international shipping: EAM S Jaishankar
External affairs minister S Jaishankar on Monday said that 21 Indian Navy ships are currently stationed in the troubled area, ensuring the security of international shipping lanes and minimizing trade...
View ArticleNational Highways construction to decline by 7-10% to 31 km/day in FY25:...
The pace of National Highways construction in India is estimated to slow down by 7-10 per cent to around 31 km/day in the current fiscal due to heightened execution challenges, CareEdge Ratings said on...
View ArticleDP World acquires 1.5 lakh sq ft office space in Navi Mumbai
DP World has secured a 150,000 sq ft office space in Navi Mumbai for its new Global Capability Centre (GCC) through a long-term lease agreement. The space, located in the Q2 tower of the Aurum Q Parc...
View ArticleJSI Alliance, Total Movements and Sai Maritime team up for successful heavy...
In a display of successful collaboration, JSI Alliance (formerly Jumbo-SAL-Alliance), Total Movements Pvt. Ltd., and Sai Maritime achieved the safe and efficient transport of heavy lift cargo along the...
View ArticleNewbuild offshore anchor-handling tugs launched in India
San Marine shipyard in Kakinada, India has launched two vessels, Sonalika and Sarovar, to support offshore drilling rigs working on India’s oilfields off the western coast. These 34-m vessels have been...
View ArticleIndia’s 12 major ports report slowdown in cargo volume growth
The 12 major ports of the country reported a slowdown in cargo volume growth in FY24 compared with the previous fiscal, even as the Indian economy is expected to grow at a faster clip in the same...
View ArticleAdani Ports and SEZ gets AAA rating – India’s 1st in private infra...
Adani Ports and Special Economic Zone Limited (APSEZ), one of the largest profit contributors for the Adani Group, has been upgraded to AAA rating by Care Ratings. This is the highest possible rating...
View ArticleIndia to fund development of Kankesanthurai port in Sri Lanka
The Sri Lankan Cabinet has decided to renovate Kankesanthurai Port in the Northern Province with India agreeing to meet the entire cost of the project, a statement said on Tuesday. Situated in the...
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