Bandar Port to be completed by end of 2025: Chandrababu Naidu
Andhra Pradesh Chief Minister N. Chandrababu Naidu on Wednesday promised to complete the Bandar Port works by December 2025. After a review of the progress of the ongoing works of the port in...
View ArticleIsrael-Iran conflict threatens to disrupt India’s plan to upgrade Chabahar...
The Israel-Iran conflict threatens to disrupt India’s plan to upgrade the Chabahar port in Iran. India signed a 10-year contract with Iran in May to develop the Shahid-Behesti terminal at the port,...
View ArticleAdani Ports reports 7% growth in cargo volumes
Adani Ports and Special Economic Zone (APSEZ) managed to handle 183 million metric tonnes (mmt) of cargo during the period of April to August 2024, according to India Shipping News. The company saw a...
View ArticlePricier oil, trade disruption, air/sea route curbs, Chabahar port...
Escalation of the Iran-Israel conflict has triggered tensions in India as it grapples with the prospects of rising oil prices and freight charges, restricted air/sea routes, and disruption of trade and...
View ArticleShipping lines invoke force majeure due to US East Coast port strike
In the first major impact on the trade due to the strike by the International Longshoremen’s Association (ILA) in the US East Coast ports, global shipping lines — US’s APL; China’s COSCO, and France’s...
View ArticleUnion cabinet approves modifications to PLR scheme for major ports and dock...
The Union Cabinet has approved changes to the Productivity-Linked Reward (PLR) Scheme for employees at major ports and dock labour boards. This revised scheme, effective from 2020-21 to 2025-26, will...
View ArticleCBIC celebrates 10th anniversary of Swachh Bharat Mission with enthusiasm and...
The Central Board of Indirect Taxes & Customs (CBIC) celebrated the 10th anniversary of the Swachh Bharat Mission with great enthusiasm and renewed commitment, on 2nd October, 2024. A large number...
View ArticleGRSE signs contract for commercial vessel with European company
Garden Reach Shipbuilders and Engineers (GRSE) Ltd, on Thursday, signed a contract with Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG Germany to construct and deliver one more specialised...
View ArticleIndia preps to level pricing field between landlord terminal concessionaires...
Marine terminal companies holding operating concessions at India’s major landlord ports now have an opportunity to better compete with private ports, an industry domain being increasingly dominated by...
View ArticleIndia grade A warehousing leasing set to cross 45 million sq ft in 2024: Report
With the growth in logistics and industrial sectors, Grade A warehousing market in the country is set to cross 45 mn sq ft this year with H1 2024 clocking 20.3 mn sq ft and H2 2024 projected to cross...
View ArticleDG Shipping issues advisory to seafarers calling on Iranian ports
The Director General of Shipping has issued an advisory for seafarers, employers /vessel owners on calling to Iranian ports in light of the Iran-Israel war. Quoting the advisory issued by the External...
View ArticleWest Asia Conflict: PM Asks Ministries To Work In Coordination
Amid fresh hostilities in West Asia, a Cabinet Committee on Security (CCS) meeting chaired by Prime Minister Narendra Modi asked all concerned ministries to work in close coordination to avoid all...
View ArticleIndia trying to ensure continued operation of Sittwe-India port
The Indian government has revealed its initiatives to resume the operation of the Sittwe-India port, which was disrupted by the ongoing conflict in Arakan State. In an interview with The Hindu Business...
View Article12 lakhs direct employment envisioned for ‘Vadhvan Port’, India’s biggest port
While employment opportunities related to ports may be an unfamiliar territory for the young people of Nagaland, the development of the recently laid foundation for India’s biggest port under the name...
View ArticleJawaharlal Nehru Port posts 16.49 pc growth in container traffic at 596,790...
The Jawaharlal Nehru Port on Friday said it has posted a 16.49 per cent growth in container traffic at 596,790 TEUs (twenty-foot equivalent units) in September over the corresponding month of the...
View ArticleVizhinjam port achieves new milestone
Vizhinjam International Port has achieved a new milestone by handling 10,330 containers from a single ship, MSC Anna, which arrived at the port on Sept 27. The Mediterranean Shipping Company vessel is...
View ArticleUAE wants to set up food processing facilities in India: Piyush Goyal
United Arab Emirates wishes to set up food processing facilities in India and approximately USD 2 billion is the initial commitment it has made towards it, Commerce Minister Piyush Goyal said on...
View ArticleIndia, Maldives ink currency swap agreement, to initiate talks on FTA
Seeking to strengthen bilateral ties, India and the Maldives on Monday inked a currency swap agreement to the tune of USD 400 million, a move that would help the archipelago nation overcome foreign...
View ArticleRBI likely to keep rates steady as economic growth slows, global rates ease
India’s central bank is likely to keep rates steady on Wednesday, with a small number of investors betting on the probability of a change in stance to neutral, opening the door to rate cuts as economic...
View ArticleIndia eases certain conditions for UAE in bilateral investment treaty: GTRI
India has eased certain conditions for UAE in the bilateral investment treaty by including portfolio investments and reduction in the local remedies exhaustion period from five years to three years in...
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