Sarbananda Sonowal reappointed as Minister of Ports, Shipping and Waterways
Sarbananda Sonowal has been reappointed as the Minister of Ports, Shipping and Waterways after the Bharatiya Janata Party led National Democratic Alliance came to power for the third consecutive term...
View ArticleKolkata to Shanghai direct cargo link established to boost trade
In a significant development for trade and logistics in Eastern India, the Syama Prasad Mookerjee Port, Kolkata (SMPK), has initiated a direct container vessel service from Shanghai, China. This move...
View ArticleJ M Baxi heavy archieves landmark feat: Delivers heaviest modules ever for...
J M Baxi heavy has set a new benchmark in Indian engineering with the successful delivery of three record-breaking modules for Larsen & Toubro’s (L&T) Marjan Offshore Field project . Overcoming...
View ArticleMudaria railway station’s third line to boost passenger and freight efficiency
The addition of a third line at Mudaria Railway Station, situated on the Bilaspur-Katni line under the Bilaspur division of South East Central Railway (SECR), is a major step forward in improving the...
View ArticleCommercial vehicle volumes to witness 4-7% decline in wholesale: ICRA
ICRA expects the domestic commercial vehicle (CV) industry’s uptrend to be arrested in FY2025, with a decline of 4-7 percent in wholesale volumes. This follows a muted YoY growth of 1 and 3 percent for...
View ArticleIndia-Bangladesh bridge to get operational by September giving NE access to...
India’s landlocked Northeast is set to get a crucial connectivity link to the Bay of Bengal with the opening of the long-awaited Bangladesh-India friendship bridge, known as Maitri Setu, by September....
View ArticleSteps taken to develop Kerala’s non-major ports to spur coastal cargo shipping
Considering the growing importance of cargo movement by sea, the Kerala Maritime Board (KMB) has initiated steps to develop non-major ports in the State, Ports Minister V.N. Vasavan informed the...
View ArticleIndia takes part in Maritime Fuel Supply Dialogues to support regional...
India is among a group of seven nations participating in the ‘Maritime Fuel Supply Dialogues’ focusing on advancing clean fuel supply development across Asia Pacific and Africa to support regional...
View ArticleMSC commences new Asia services
MSC announced the launch of its new service, Britannia, which will enhance port connections via a unique corridor from China and Vietnam to Liverpool, UK. This new loop offers access to the port of...
View ArticleCMA CGM announces FAK rates from North Europe to Northwest India
CMA CGM, the French carrier, has announced that Freight All Kinds (FAK) rates will be effective from 1 July (based on the loading date at origin ports) until further notice. 20’ST 40’ST/HC North Europe...
View ArticleSarbananda Sonowal takes charge as Minister of Ports, Shipping and Waterways
The Union Minister Sarbananda Sonowal took charge of the Ministry of Ports, Shipping & Waterways. Addressing the office bearers as well as the staff, the Minister evoked confidence in the team for...
View ArticleNorway fines shipping firm $750,000 for illegally exporting ships to India...
Four years after raiding the offices of the shipping firm earlier known as Teekay Offshore, Norway’s regulators imposed a fine of about $750,000 for unlawfully exporting two vessels to India for...
View ArticleShipping Corp’s plan to buy six second hand ships gets caught in booming market
State run Shipping Corporation of India Ltd’s (SCI) plan to buy six second hand ships of various types with a budget of over Rs2,000 crores through tenders has received a “poor response” as only a...
View ArticleTata Steel is committed to blast furnace closure at Port Talbot
In a company statement, Tata Steel declares apprehension over UK media reports that suggest the £1.25bln investment may be in peril from an incoming government. It calls the current and future...
View ArticleDEE development expects New Gujarat Facility to lower logistic costs
DEE Development Services Ltd., which is set to open its public offering next Wednesday, will see its logistic costs ease as its new Gujarat facility, which is near the port, commences operations,...
View ArticleVineet Abhishek appointed new Western Railway CPRO
Vineet Abhishek, an Indian Railway Traffic Service officer of 2010 batch, has joined as the new Chief Public Relations Officer (CPRO) of Western Railway. A management graduate, he has more than 19...
View ArticleIndian Railways sanction survey for 14 new routes connecting neighbouring...
Indian Railways has recently sanctioned the Final Location Survey (FLS) for 14 new railway connectivity routes connecting the neighbouring countries like Bangladesh, Nepal and also alternate routes...
View Article88 per cent of Vizhinjam Port work completed, trials to start soon
The construction of the Vizhinjam International Seaport in Kerala has made significant progress, with over 88 per cent of the overall work completed, according to an announcement made by the government...
View ArticleKolkata Port slashes rates to attract more cargo
The Syama Prasad Mookerjee Port in Kolkata (SMPK) has announced a volume-based rebate scheme for 2024-25 to enhance the volume of cargo. SMPK handled a record 66.4 million tonnes of cargo in 2023-24,...
View ArticleRecord high ocean freight rates amidst Red Sea crisis
Ocean freight rates are heading to record high levels with global events like the Red Sea crisis; port congestion especially in the Middle East and Asia regions; container repositioning imbalance –...
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