IOCL’s dedicated jetty at Kamarajar Port to be operational by December
The ₹921 crore exclusive oil jetty of the Indian Oil Corporation Ltd (IOCL) at the Kamarajar port in Ennore will be ready by December 2024. This will add 3 million tonnes of cargo per annum to the...
View ArticleClik here to view.
Union Budget 2024-25: CGST Kutch Commissionerate, GCCI and FOKIA organized an...
CGST Kutch Commissionerate in association with the Gandhidham Chamber of Commerce and Industry (GCC&I) and the Federation of Kutch Industries Associations (FOKIA), Bhuj, organized an interactive...
View ArticleCapacity of India’s 12 major ports surged by 87 pc since 2014-15: Sonowal
Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, on Tuesday informed the Lok Sabha that the total capacity of India’s 12 major ports has surged by 87.01 per cent between 2014-15 and...
View ArticleVOC Port unveils massive capacity augmentation plans
The V.O. Chidambaranar Port, as part of its plan to increase its cargo handling capacity to 50 million tonnes per annum, has unveiled a range of plans, including dredging of the North Cargo Berth by...
View ArticleIndia’s diesel, petrol exports likely to hit the slow lane
The country’s exports of petrol and diesel, which were sluggish during June 2024, are expected to be subdued for the next couple of months largely on account of weak demand from Europe, low margins and...
View ArticleIndia needs to aspire 8-10% GDP growth, says Assocham Chief Sanjay Nayar
India has to be ambitious and look to achieve 8-10 percent GDP growth on sustained basis, Sanjay Nayar, President, Assocham, said on Wednesday. “Only if you aspire for 8-10 percent GDP growth, you will...
View ArticleFiscal deficit hits ₹1.36 lakh crore in Q1, 8.1% of annual target
Fiscal deficit for the first quarter of the financial year that started in April was ₹1.36 lakh crore ($16.25 billion), or 8.1 per cent of the estimate for the whole year, government data showed on...
View ArticleIndian APT Targets Maritime Entities in the Indian Ocean and Mediterranean...
A tracked APT was seen targeting various ports and maritime facilities in the Mediterranean and Indian waters. The India-aligned group known as SideWinder, Rattlesnake, and Razor Tiger abused a few...
View ArticleIndia set to boost diesel, jet fuel exports to Australia, Singapore
India is poised to increase its diesel and jet fuel exports to Singapore and Australia in July. The expected surge in shipments, ranging from 157,000 to 224,000 barrels per day (bbl/d), is the highest...
View ArticleOman-India trade to flourish post-CEPA
The bilateral trade between India and Oman is expected to flourish following the execution of the Comprehensive Economic Partnership Agreement (CEPA) between the two countries. This was stated by H E...
View ArticleSattva Group to develop 5 million sq ft of warehousing space in Karnataka
The Sattva Group has strategically acquired 200 acres in Karnataka to develop industrial and warehousing assets, marking the property developer’s inaugural venture into this market, according to...
View ArticleUttar Pradesh government to set up 33 logistics clusters across 30 districts
The state government has initiated the establishment of 33 Integrated Manufacturing and Logistics Clusters (IMLCs) along expressways in 30 districts of Uttar Pradesh. According to a press release from...
View ArticleContainer transport operators at Nhava Sheva to suspend operations from...
Container transport operators at Nhava Sheva in Maharashtra have announced a voluntary suspension of vehicle operations from August 20, 2024, in response to ongoing issues faced by members including...
View ArticleIndia expands essential commodities export to Maldives via Kandla and...
The Indian government announced on Thursday that it will permit the export of essential commodities, usually under a prohibited or restricted category, to the Maldives from Kandla and Vishakhapatnam...
View ArticleIndia offers £234m loan to build up Vietnam’s maritime security
India on Thursday offered a 300 million-dollar (£234 million) loan to build up Vietnam’s maritime security, as the two sides said they want to double their trade and investment within five years. Prime...
View ArticleChinese ship detained in Odisha port following HC order
The Paradip Port Trust authorities in Odisha have detained a Chinese cargo ship following the “arrest” order of the vessel by the High Court over a monetary dispute, an official said on July 31. Under...
View ArticleNew FASTag rules enforce KYC updates and single account usage for enhanced...
New FASTag rules have come into effect from today that require users to update their account to avoid inconvenience at toll plazas. The regulations are required in order to simplify toll plaza, reduce...
View ArticleVO Chidambaranar Port aims to handle 50 million tonnes of cargo in current...
VO Chidambaranar Port in Thoothukudi has set a target to handle 50 million tonnes (mt) of cargo in the current financial year. In 2023-24, the port handled 41 mt. The port has a capacity of 81.05 MT....
View ArticleIndia and Vietnam to develop National Maritime Heritage Complex in Gujarat
India and Vietnam, two nations with a rich and intertwined maritime history, are joining forces to develop the National Maritime Heritage Complex (NMHC) in Lothal, Gujarat. This partnership, rooted in...
View ArticleMajor Ports boost capacity by 87 per cent over a decade: Kamarajar Port leads...
Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, informed the Lok Sabha on Tuesday (30 July) that the total capacity of India’s 12 major ports has surged by 87.01 per cent between...
View Article