Search result for 'shipping'

Chabahar Port Cargo Handling Up 82% in 5 Years

March 28, 2025 16:18

India's Chabahar Port in Iran saw cargo handling surge by over 82% in the past 5 years, reaching 22,32,002 tonnes in 2024-25. The port serves as a vital trade gateway for Afghanistan and Central Asia.

Yield Engineering Ships First Semiconductor Tool from TN Facility

March 27, 2025 16:39

Yield Engineering Systems has shipped its first VeroTherm Formic Acid Reflow tool from its new facility in Tamil Nadu, marking a significant step for India's semiconductor ecosystem. The tool will...

India, Singapore Partner for Green ''Digital Shipping Corridor

March 25, 2025 10:55

India ''Singapore signed an LoI for a Green ''Digital Shipping Corridor (GDSC) focusing on decarbonisation ''digitalization, enhancing maritime collaboration.

India Aims to Become Global Shipbuilding Hub by 2047: Sonowal

March 24, 2025 15:21

India is working to become a credible and competitive shipbuilding hub by 2047, with plans for port infrastructure expansion, ease of doing business, and green initiatives.

Amazon Waives Referral Fees for Products Under Rs 300

March 24, 2025 02:01

Amazon India has announced zero referral fees for over 1.2 crore products priced below Rs 300, aiming to support small businesses and boost seller growth. The move also includes reduced shipping...

ONGC to Import Ethane for Petrochemicals: Joint Venture for VLECs

March 23, 2025 14:50

ONGC plans to import ethane from 2028 to compensate for changes in Qatar LNG composition. The state-owned firm is seeking joint venture partners to build VLECs for ethane transport.

Sonowal to Visit Singapore for Maritime Cooperation

March 22, 2025 21:32

Union Minister Sarbananda Sonowal will visit Singapore for the Singapore Maritime Week, aiming to strengthen maritime cooperation between India and Singapore.

Unicommerce Acquires Shipway: Complete Buyout of Courier Aggregation Platform

March 21, 2025 18:21

Unicommerce eSolutions has completed the acquisition of Shipway Technology, a courier aggregation platform, making it a wholly-owned subsidiary. The acquisition expands Unicommerce's addressable...

Sagarmala 2.0: Govt Plans Fresh Funding for Infrastructure Gaps

March 19, 2025 21:23

India's government is planning Sagarmala 2.0, a new initiative to bridge infrastructure gaps in the maritime sector. The program aims to drive coastal economic growth and position India as a global...

India & Singapore: Green Shipping & Digital Trade

March 19, 2025 12:25

India and Singapore are exploring a 'Green Digital Shipping Corridor', leveraging green fuels and digitalization to bolster maritime trade. The collaboration aims to connect international...

Singapore, India Explore Green Digital Shipping Pact

March 18, 2025 16:58

Singapore and India are exploring a pact for a green digital shipping corridor, aiming to link the Indian maritime sector to the global network. The LoI is expected to be signed during the...

Gold, Silver Hit Record Highs in Delhi: Global Cues, Fed Policy

March 17, 2025 17:19

Gold and silver prices surged to record highs in Delhi, driven by global uncertainty, trade tensions, and expectations of Fed easing.

India, China Trade Booms in Q4 2024: UN Report

March 15, 2025 08:59

India and China saw strong trade growth in Q4 2024, according to a UN report, while global trade faces potential slowdown in upcoming quarters due to trade imbalances and geopolitical tensions.

Ola Electric Cuts Costs, Eyes Q1 FY26 Breakeven

March 12, 2025 12:37

Ola Electric achieves Rs 90 crore monthly cost savings, targets EBITDA breakeven in Q1 FY26. The company implemented a network transformation program, reducing delivery times and inventory.

IWAI & Delhi Govt Boost Yamuna Cruise Tourism

March 11, 2025 21:24

The Inland Waterways Authority of India (IWAI) and the Delhi government have signed an agreement to develop a four-kilometer stretch of the Yamuna for cruise tourism, using electric-solar hybrid...

SolitAir Invests USD 25 Million in Indian Market

March 9, 2025 17:08

Dubai-based cargo operator SolitAir Holding plans to invest USD 25 million in India this year, targeting key cities like Delhi, Mumbai, Bengaluru and Ahmedabad. The company sees India as crucial to...

India's Shipping Ministry Targets 150 Projects by 2025

March 8, 2025 21:40

India's Shipping Ministry aims to complete 150 projects by September 2025, focusing on shipbuilding, green shipping, and digital solutions for maritime infrastructure. The initiative seeks to...

Women-Led Businesses Face Global Payment Challenges: Report

March 7, 2025 15:19

A new report reveals 80% of women-led businesses struggle with international payments and regulatory compliance, hindering global expansion. Learn about the challenges and solutions.

IWAI & J&K Govt. Partner for River Cruise Tourism

March 6, 2025 17:50

The Inland Waterways Authority of India (IWAI) has signed an agreement with the J&K government to boost river cruise tourism on three national waterways in the Union Territory. The pact aims to...

Indian Diaspora Funds in GIFT City Cross USD 7 Billion

March 4, 2025 19:06

Investments by the Indian diaspora in GIFT City-based funds have crossed USD 7 billion, according to IFSCA. The regulator highlights the potential for NRI investments in India's financial hub.

Nissan India Sales Surge 44.76% in Feb 2025

March 3, 2025 18:03

Nissan Motor India reported a 44.76% rise in total sales in February 2025, driven by exports, with the Magnite achieving 50,000 units of export sales since its launch.

Synergy Marine Group Partners with Mercy Ships for Healthcare Access

February 28, 2025 18:59

Synergy Marine Group collaborates with Mercy Ships to improve healthcare access for seafarers, offering office space, technical expertise, and medical teleconsultations.

Maersk Invests $5 Billion in India, Sees Beacon for Global Trade

February 28, 2025 18:25

Shipping giant Maersk to invest $5 billion in India, praising the country as a beacon for global trade and a key market for growth. The company also names its first vessel in India, a dual-fuel...

Sonowal Launches Consortium to Boost India's Port Footprint

February 27, 2025 19:23

Union Minister Sarbananda Sonowal launched a new consortium to expand India's port footprint, strengthen supply chains, and boost the 'Make in India' initiative. The consortium aims to position...

Rs 4,800 Cr for Assam Waterways Development: Sonowal

February 26, 2025 14:06

Union Minister Sarbananda Sonowal announced Rs 4,800 crore for developing waterways in Assam over the next 5 years, including a ship repair facility and maritime education center.

Govt to Promote Shipping Sector: Piyush Goyal

February 25, 2025 21:41

Union Commerce and Industry Minister Piyush Goyal discusses plans to promote India's shipping sector, urging industry suggestions and highlighting the need for increased flagging of vessels in India.

Sharaf Group Invests Rs 5,000 Crore in Kerala

February 22, 2025 16:46

UAE-based Sharaf Group announces a Rs 5,000 crore investment in Kerala over the next five years, creating job opportunities and boosting the state's economy.

Hyderabad Airport: 50 Million Passengers by FY31, Cargo Expansion

February 21, 2025 11:02

GMR Group, operator of Hyderabad Airport, expects passenger traffic to reach 50 million by FY31. The company will invest Rs 370 crore to expand cargo capacity to 4 lakh tons annually.

Hyderabad Airport: 50 Million Passengers by 2031, Cargo Expansion

February 21, 2025 10:12

GMR Group predicts 50 million passengers at Hyderabad airport by FY31, investing Rs 370 cr in cargo terminal expansion.

Red Sea Crisis: IMO Can't Control Geopolitics

February 20, 2025 22:24

IMO Secretary General Arsenio Dominguez discusses the Red Sea crisis, stating it's a geopolitical issue beyond the organization's control. He emphasizes IMO's focus on safety and security, engaging...

India's New Shipping Bills: Environmental Focus and Sustainability

February 20, 2025 20:51

India's upcoming Coastal Shipping and Merchant Shipping Bills prioritize environmental standards and sustainability, aiming to make India a leader in maritime green practices.

DTDC Launches AI-Powered Virtual Assistant DIVA 2.0

February 18, 2025 13:10

DTDC Express introduces DIVA 2.0, an AI-powered virtual assistant for customer support, available in 17 regional Indian languages. The new technology aims to improve customer experience and...

Israel Keen to Collaborate on IMEC Project with India

February 11, 2025 21:13

Israel expresses interest in collaborating with India on the India-Middle East Europe Economic Corridor (IMEC), aiming to connect Asia, Middle East, and Europe via a network of road, railroad, and...

BEML & Goa Shipyard Partner for Maritime & Composites Projects

February 11, 2025 18:52

BEML and Goa Shipyard Limited have signed an MoU to collaborate on maritime projects, including composites manufacturing and vessel repair. This partnership aims to enhance India's self-reliance in...

IOC Buying 'Clean' Russian Oil: Sahney

February 11, 2025 12:41

Indian Oil Corporation (IOC) is buying 'clean' Russian crude oil, avoiding US sanctions. IOC Chairman Sahney says India's energy security is not affected by the sanctions.

LogiMAT India 2025: Messe Stuttgart Partners with 15 Associations

February 10, 2025 16:37

Messe Stuttgart India announced collaborations with 15 national and international associations for the second edition of LogiMAT India 2025, held in Mumbai. The event will focus on enhancing...

Baldota Group to Invest Rs 54,000 cr in Karnataka Steel Plant

February 10, 2025 15:37

Baldota Group will invest Rs 54,000 crore to set up a steel plant in Koppal, Karnataka, creating jobs and boosting steel production. The announcement was made ahead of the Global Investors Meet (GIM).

Boosting Bamboo Market: DoNER Partners with Amazon

February 9, 2025 11:57

India's Ministry of DoNER is collaborating with Amazon and other companies to promote bamboo products in domestic and international markets, focusing on furniture and value chain development in...

Shipping Corporation of India Q3 Profit Down 44% to Rs 75.52 Crore

February 7, 2025 19:44

Shipping Corporation of India (SCI) reported a 44% decline in net profit to Rs 75.52 crore in Q3 FY25. The company's total income also decreased compared to the previous year.

DP World Container Handling Up 8.3% in 2024

February 6, 2025 20:02

DP World reports an 8.3% increase in container handling in 2024, reaching 88.3 million TEUs despite global trade concerns. Key growth drivers include San Antonio, Yarimca, Chennai, Callao, Antwerp,...

RapidShyp Partners with India Post for Last-Mile Delivery

February 5, 2025 16:15

RapidShyp partners with India Post to provide nationwide last-mile delivery services, leveraging India Post's vast network and RapidShyp's advanced logistics technology.

BharatTradeNet: Unified Platform for Trade Digitization

February 4, 2025 20:15

India's DGFT plans to create a separate agency to implement BharatTradeNet, a unified platform for trade documentation and financing solutions. This ambitious project aims to digitize the entire...

Gateway Distriparks Q3 Profit Soars 6-Fold to Rs 455.52 Cr

February 3, 2025 18:00

Gateway Distriparks Ltd (GDL) reports a six-fold jump in Q3 PAT to Rs 455.52 crore driven by exceptional income from Snowman Logistics consolidation. Revenue also saw growth.

Nissan Expands India Exports to 65 Countries, Magnite Drives Growth

February 2, 2025 17:35

Nissan is using India as a global export hub, shipping the left-hand drive Magnite to 65 countries. The company also plans to introduce hybrid, CNG, and EV models in India.

Ship Building Duty Exemption Extended for 10 Years

February 1, 2025 12:09

India extends customs duty exemption on ship making inputs for another 10 years to boost domestic shipbuilding and international trade.

India's Marine Sector: Economic Survey Highlights Govt's Impact

January 31, 2025 21:16

Economic Survey 2024-25 highlights the transformative impact of the Modi government on India's marine sector, with significant growth in infrastructure and efficiency.

Colombo Port Faces Customs Delays, Impacting Sri Lanka Economy

January 30, 2025 19:18

Sri Lanka's Colombo port is facing months-long delays in customs clearance, impacting imports, exports, and threatening the country's economic recovery.

Yashwantrao Chavan Univ & Vadhvan Port Partner for Skill Training

January 29, 2025 19:11

Yashwantrao Chavan Maharashtra Open University and Vadhvan Port Project Ltd have partnered to provide skill-based training for students, focusing on the maritime sector.

Vizhinjam Port: India's Largest in a Decade

January 28, 2025 19:28

Kerala's Vizhinjam port is set to become India's largest, handling 6.2 million TEUs and challenging Colombo and Dubai. Learn more about this game-changing project.

Indian Tribal Art at Singapore Republic Day

January 27, 2025 20:04

India's tribal art took center stage at Singapore's Republic Day celebrations, showcasing the vibrant heritage and promoting sustainable opportunities for artisans.

FY26 Budget: Jindal Stainless Wants Zero Import Duty on Molybdenum Ore

January 27, 2025 15:50

Jindal Stainless has urged the government to eliminate import duties on molybdenum ore and other raw materials in the upcoming Union Budget 2025-26. The company believes this will boost the...

Shreeji Shipping IPO: To Raise Funds for Dry Bulk Carriers

January 26, 2025 16:13

Shreeji Shipping Global Ltd files draft papers with Sebi for an IPO to raise funds for acquiring dry bulk carriers and debt repayment. Learn about the company's plans and financials.

US Sanctions Hit Russian Oil Supply to India: BPCL Says March Supplies May Be Impacted

January 23, 2025 15:14

US sanctions on Russian oil are impacting India's supply, with BPCL stating March shipments may be affected. India's reliance on Russian oil has been growing, but sanctions and price caps are...

Walmart Pilots India Startups for Supply Chain Innovation

January 23, 2025 10:31

Walmart partners with Indian startups for supply chain solutions, including sustainable dyes, extended fruit freshness, and AI-driven agriculture insights.

Wadhawan Port: India Aims for Top 10 Container Ports by 2034

January 22, 2025 21:24

Union Minister Sonowal highlights Wadhawan Port's potential to elevate India to the top 10 global container ports by 2034. The port, developed under a PPP model, will handle ultra-large vessels,...

CBDT Notifies Amendments in I-T Rules for Cruise Ship Operators

January 22, 2025 17:40

The Income Tax Department has notified amendments in I-T rules to prescribe conditions for presumptive taxation regime for non-resident cruise ship operators.

Sonowal Launches Rs 2,000 Cr JNPA Expansion Projects

January 21, 2025 20:40

Union Minister Sarbananda Sonowal launched projects worth Rs 2,000 crore to expand capacity at Jawaharlal Nehru Port (JNPA), India's largest port. The expansion includes a state-of-the-art Agro...

Steel & Cement Cartels: Gadkari Calls for FRP Alternative

January 21, 2025 19:49

Union Minister Gadkari highlights the issue of cartels in the steel & cement industry, urging for FRP as a cost-effective alternative to break their hold and boost infrastructure development.

Mumbai to Get 10,000 Water Taxis for New Airport

January 21, 2025 18:40

Union Minister Nitin Gadkari proposes 10,000 water taxis to connect Mumbai suburbs with the new Navi Mumbai International Airport, reducing travel time to 70 minutes.

FRP Industry Future in India: Gadkari Urges Cost Reduction

January 21, 2025 18:30

Union Minister Nitin Gadkari emphasizes the importance of FRP in India, highlighting its potential in various sectors. He calls for R&D to reduce production costs by 25% for a brighter future.

Kerala: New Global Manufacturing Hub - Invest Kerala Summit

January 21, 2025 12:15

Kerala aims to become a global hub for high-tech manufacturing, inviting investors to the Invest Kerala Global Summit. Minister P Rajeev highlights the state's strengths in ease of doing business,...

Maritime India Conference: 7,500 Stakeholders to Discuss Business Opportunities

January 18, 2025 18:52

The Maritime India Conference will bring together 7,500 stakeholders from 11 countries to discuss business opportunities in India's ports and shipping sector. The event will focus on smart...

JBM Launches 4 New Electric Buses at Bharat Mobility Expo

January 18, 2025 12:39

JBM Electric Vehicles launched four new electric buses at Bharat Mobility Global Expo 2025, including Luxury Coach Galaxy, Intercity Bus Xpress, e-MediLife and e-SkyLife. The company aims to...

Maritime India Conference & Expo: Sonowal to Inaugurate

January 17, 2025 16:41

The 3rd Maritime India Conference & Expo, hosted by FICCI, kicks off on Jan 22nd with Union Minister Sarbananda Sonowal inaugurating the event. The conference will focus on smart technologies,...

IMEC Corridor: Biden Sees Reality After Gaza Deal

January 16, 2025 09:18

US President Biden says the IMEC Corridor, an alternative to China's Belt & Road, could become reality following the ceasefire deal between Israel and Hamas.

India-Oman Trade Deal: Comprehensive Pact Expected Soon

January 15, 2025 13:26

India and Oman are on track to finalise a comprehensive trade and investment pact this year, aiming to boost bilateral trade and investment. The CEPA is expected to significantly expand economic ties.

India Sees No Disruption in Russian Oil Supplies for 2 Months

January 13, 2025 19:00

India, the world's third largest oil importer, expects no disruption in Russian oil supply for two months despite US sanctions on Russian energy trade. However, Indian refineries are likely to shun...

Rupee Depreciation: Limited Benefits for Exporters

January 13, 2025 17:24

Experts say rupee depreciation offers limited benefits to exporters due to high import costs and global market uncertainties. Learn how the falling rupee impacts Indian exports, imports, and...

Rs 50,000 Cr Investment in National Waterways in 5 Years

January 10, 2025 19:36

India's Inland Waterways Development Council (IWDC) plans to invest Rs 50,000 crore over the next five years to upgrade infrastructure on national waterways, including green shipping and water...

India's Gold Import Data Revised Due to Software Error

January 9, 2025 16:18

India's gold import data has been revised downwards after a software migration error caused double counting. The issue, largely rectified, has impacted trade deficit figures.

Kandla Port Gets Rs 57,000 Cr Boost: Mega Shipyard, New Terminal

January 7, 2025 22:25

Union Minister Sarbananda Sonowal announced major projects for Kandla Port, including a new shipyard and cargo terminal, with a combined investment of over Rs 57,000 crore. The projects aim to...

Jalvahak Scheme: First Scheduled Freight Service Completes Maiden Voyage

January 6, 2025 23:02

The 'Jalvahak' scheme's scheduled freight service, utilizing MV Trishul and barges, successfully transported 1,500 tonnes of cement from Kolkata to Pandu via the Indo-Bangladesh Protocol Route,...

DHL Express Partners with GJEPC for Jewellery Exports

January 6, 2025 19:16

DHL Express partners with GJEPC to streamline jewellery exports, leveraging its TDI service and offering exclusive benefits to GJEPC members. This collaboration aims to simplify customs clearance,...

India's Exports to Hit Record USD 800 Billion: Goyal

January 3, 2025 17:58

India's exports are projected to surpass USD 800 billion this fiscal year, driven by a robust services sector and a resilient export basket despite global economic challenges.

JN Port Issues LoA for Rs 284 Cr Agro Facility - Trident Agrocom & Man Infra

January 1, 2025 19:29

JNPA has awarded a Letter of Award (LoA) to Trident Agrocom Exports and Man Infraconstruction for a Rs 284 crore agro facility at Jawaharlal Nehru Port. This facility is expected to handle 1.2...

India's Exports to Cross USD 800 Billion in 2024: GTRI

December 31, 2024 20:21

India's goods and services exports are projected to exceed USD 814 billion in 2024, driven by growth in services and sectors like machinery and electronics, according to GTRI.

India's Highways: Quality & Maintenance Focus in 2025

December 31, 2024 10:42

India's road transport ministry shifts focus to quality construction and maintenance of National Highways in 2025, with initiatives like a rating system and corridor-based development.

New Mangaluru Port Welcomes Second Cruise Ship

December 27, 2024 20:48

New Mangaluru Port welcomes the Seven Seas Voyager, its second cruise ship of the season, showcasing the port's growing popularity as a global cruise tourism destination. Passengers enjoyed...

India's Export Prospects for 2025: Growth, Challenges & Opportunities

December 27, 2024 11:31

India's export prospects for 2025 are positive due to gradual recovery in developed markets and focus on key products. However, trade protectionism and global uncertainties pose challenges. Read...

NeGD & IPA Partner for Maritime Digital Transformation

December 26, 2024 20:35

NeGD and the Indian Ports Association have signed a pact to drive digital transformation in India's maritime sector, aiming to improve logistics, operations, and supply chain efficiencies.

Indian Exporters Seek Funds to Target US Amid China Trade Tensions

December 26, 2024 15:17

Indian exporters seek Rs 750 crore to tap into US export potential amid tariff threats on Chinese goods. They also seek extension of Interest Equalisation Scheme and tax benefits.

TIL to Invest Rs 20,000 Cr in Vadhvan Port Development

December 23, 2024 20:57

Jawaharlal Nehru Port Authority signs MoU with Terminal Investment Limited Sarl for the development of Vadhvan Port in Maharashtra, with an estimated investment of Rs 20,000 crore.

US Sanctions Indian Firm Atlantic Navigation for Iranian Oil Trade

December 20, 2024 04:13

The US has imposed sanctions on Indian company Atlantic Navigation OPC Private Limited for allegedly trading Iranian petroleum and petrochemicals, which generate billions of dollars for the Iranian...

Zepto Cafe Appoints Shashank Shekhar Sharma as CXO

December 19, 2024 17:51

Zepto has appointed Shashank Shekhar Sharma as the CXO of Zepto Cafe, overseeing operations, expansion, and customer experience. The move follows the rapid growth of the cafe service, which is...

India Trade Data Error: Commerce Ministry Investigates Gold Import Surge

December 19, 2024 17:36

India's commerce ministry is investigating a potential error in gold import data for November 2024, following a record surge in imports. The issue mirrors a similar discrepancy in 2011, raising...

Prime Securities Acquires Stake in Ark Neo Financial Services

December 16, 2024 22:18

Prime Securities has acquired a majority stake in fintech Ark Neo Financial Services for Rs 7 crore. The company will infuse capital into Ark Neo by subscribing to optionally convertible debentures.

JNPA & DGS Partner for Skill Training at Vadhvan Port

December 16, 2024 15:40

JNPA and DGS have signed a pact to provide skill development training to locals in Vadhvan, where a new greenfield port is being developed. The initiative aims to empower locals with maritime...

UltraTech Pioneers Inland Waterways for Gypsum Transport | Sustainability in Cement

December 15, 2024 20:21

UltraTech Cement becomes the first in India's cement sector to utilize National Waterway 1 for gypsum transport, promoting sustainable and cost-effective logistics. This initiative aligns with...

Jalvahak Scheme: Govt. Boosts Inland Waterway Cargo

December 15, 2024 18:24

India's 'Jalvahak' scheme incentivizes cargo movement on inland waterways, aiming to reduce logistics costs and promote sustainable transport. Learn about the scheme, its benefits and the impact...

Zepto Cafe Launches Separate App Next Week

December 11, 2024 13:28

Zepto co-founder Aadit Palicha announces the launch of a separate app for Zepto Cafe, which is scaling rapidly with over 100 new cafes launched monthly.

Adani Drops US Funding for Colombo Port Project

December 11, 2024 13:06

Adani Group withdraws from US loan for Colombo Port terminal, citing internal funding. The project, facing scrutiny amid bribery allegations, will be completed using company resources.

Adani to Self-Fund Colombo Port Project, Dropping US Funding

December 10, 2024 23:01

Adani Ports will use its own resources for the Colombo West International Terminal, withdrawing a US$553 million loan request amid bribery allegations against the group.

India's Maritime Legacy: IMHC 2024 Showcases History & Growth

December 10, 2024 19:49

The Indian Maritime Heritage Conclave (IMHC) 2024 will highlight India's rich maritime history, attracting investors to the sector's growth.

Gentari to Supply 650 MW Clean Energy to AMG Ammonia

December 9, 2024 17:11

Gentari, Petronas' clean energy arm, will supply 650 MW of renewable energy to power AMG Ammonia's green ammonia facilities in India, contributing to India's green hydrogen ambitions.

Adani Krishnapatnam Port Allowed to Import Petroleum - Business News

December 9, 2024 15:10

The Indian government has granted permission to Adani Krishnapatnam Port in Andhra Pradesh to import petroleum up to March 2026. This decision allows the port to import petroleum by sea, benefiting...

India-EFTA Trade Pact: Norway Ratification in 2025

December 8, 2024 21:28

Norway plans to ratify the India-EFTA trade agreement in 2025, boosting trade and investment between the two nations. The agreement focuses on renewable energy, maritime industries, climate and...

India to Become Maritime Leader: Sonowal | Ports & Shipping

December 7, 2024 20:19

India is rapidly expanding its cargo-handling capacity and building a strong maritime infrastructure, positioning itself as a global leader in the sector by 2047, says Union Minister Sarbananda...

Adani Defence Delivers 2nd Drishti-10 Drone to Indian Navy

December 4, 2024 15:28

Adani Defence has delivered a second Drishti-10 Starliner surveillance drone to the Indian Navy, enhancing maritime surveillance capabilities and strengthening India's defense sector. The drone...

Longer Shipping Routes Impact Global Trade: Goyal

December 3, 2024 20:01

India's Commerce Minister Goyal highlights the impact of longer shipping routes on global trade due to the Russia-Ukraine war and other factors, leading to increased transit times and challenges...

Gopalpur Port Rating Upgraded After Adani Acquisition

December 2, 2024 14:23

Gopalpur Port's rating has been upgraded six notches to AA/Stable after Adani Ports and SEZ acquired it, reflecting strong parentage and operational efficiency improvements.

India-Middle East-Europe Corridor: Source of Regional Peace & Stability

December 1, 2024 17:31

French trade minister Sophie Primas highlights the India-Middle East-Europe Economic Corridor (IMEEC) as a key to regional integration, stability, and economic growth, emphasizing its potential to...

India Invites Italy to Collaborate on Maritime Heritage Museum

November 30, 2024 17:52

India's Union Shipping Minister invites Italian museums to partner on the National Maritime Heritage Complex in Lothal, highlighting India's rich maritime history and the importance of...

India Aims to be World's Most Efficient Trade Hub: Revenue Secy

November 29, 2024 22:29

India aims to become the world's most efficient and trusted trade hub by expanding AEOs, integrated free zones, and promoting innovative policies, says Revenue Secretary Sanjay Malhotra.

JNPA Hosts Port Secretaries Convention for Knowledge Sharing

November 29, 2024 19:56

JNPA organized a convention for port secretaries and officials to promote knowledge sharing, best practices, and employee welfare. The event focused on HR challenges, training, and collaboration...

India Aims to be World's Top Trade Hub: Revenue Secretary

November 29, 2024 18:09

India aims to become the world's most efficient and trusted trade hub, focusing on AEOs, integrated free zones, and innovative policies, according to Revenue Secretary Sanjay Malhotra.

GAIL Signs LNG Ship Charter with K-Line

November 29, 2024 17:17

GAIL (India) Ltd has signed a long-term charter contract with Kawasaki Kisen Kaisha, Ltd for a newly built LNG ship. The vessel will be built by Samsung Heavy Industries and will be used for...

Synergy Marine Group Grows Vegetables on Ships Using AI | Agwa Tech

November 21, 2024 18:38

Synergy Marine Group is using AI technology from Agwa to grow fresh vegetables on its vessels, providing healthier food options and reducing food waste for crew.

Gautam Adani Charged with Bribery & Fraud: USD 250 Million Scheme

November 21, 2024 08:54

Billionaire Gautam Adani faces US charges of paying USD 250 million in bribes to Indian officials for solar contracts. The scheme allegedly involved Adani Group's nephew and former CEO.

Odisha CM Invites Singapore President for Paradeep Port Development

November 20, 2024 15:58

Odisha CM Mohan Charan Majhi invited Singapore President Tharman Shanmugaratnam to visit the state in January 2025. The visit aims to adopt Singapore's petrochemical industry and port models for...

India Aims to be Top 10 Ship Manufacturer by 2030: Sonowal

November 19, 2024 19:55

India targets to become one of the top 10 global ship manufacturers by 2030, aiming to be among the top 5 by 2047, as stated by Union Minister Sarbananda Sonowal. The country's maritime sector is...

Aegis Vopak Terminals IPO: Rs 3,500 Cr, Sebi Filing

November 19, 2024 18:35

Aegis Vopak Terminals, a subsidiary of Aegis Logistics, has filed draft papers with Sebi for an IPO to raise Rs 3,500 crore. The IPO will be used to pay debt, fund expansion, and general corporate...

Nissan Magnite Exports: 2,700 Units Shipped to South Africa

November 19, 2024 15:49

Nissan has begun exporting its latest Magnite compact SUV to South Africa, with 2,700 units already shipped. This highlights India's growing role as an export hub for the Japanese automaker.

Amazon Expands Cross-Border Logistics, Launches Export Navigator

November 19, 2024 12:55

Amazon expands its cross-border logistics program, Global Selling Seller Exports and Delivery (SEND), to help Indian exporters ship goods abroad. The company also launches Export Navigator, a...

India to Revolutionize Maritime Sector by 2047

November 18, 2024 20:06

India plans to revolutionize its maritime sector by 2047 with a Rs 80 lakh crore investment, focusing on port expansion, shipbuilding, and inland waterways.

Chennai-Vladivostok Maritime Corridor Operational

November 18, 2024 19:53

The Chennai-Vladivostok maritime corridor is operational, reducing transport time between India and Far East Russia by up to 16 days. Container ships carrying crude oil, metal, and textiles are now...

India Attracts Foreign Investors: CII Highlights Govt Initiatives

November 18, 2024 18:46

CII praises Indian government's initiatives like Make in India and PLI schemes for attracting foreign investment, citing increased FDI inflows and expanding manufacturing capabilities.

Unicommerce Acquires Shipway in Equity-Cash Deal

November 11, 2024 22:10

Unicommerce, an e-commerce SaaS platform for logistics, has acquired Shipway, a Gurugram-based e-commerce technology firm, in a mix of equity and cash. The deal will expand Unicommerce's product...

FedEx & Invest India Partner to Boost SME Growth

November 11, 2024 18:22

FedEx collaborates with Invest India to empower Indian SMEs with global market access, capacity building, and branding opportunities, supporting the 'One District-One Product' initiative.

India Urges Urgent Measures to Reduce Trade Deficit with Russia - Jaishankar

November 11, 2024 17:57

India's External Affairs Minister Jaishankar calls for immediate action to address the widening trade gap with Russia, highlighting the need for non-tariff barrier removal and national currency...

India Now Biggest EU Fuel Exporter, Russian Oil Refinement Loophole

November 10, 2024 12:32

India's fuel exports to the EU soared, likely fueled by Russian oil refining. India now biggest exporter of fuel to EU despite price cap.

Shipping Corp Q2 Net Profit Surges to Rs 291.44 cr

November 8, 2024 19:24

Shipping Corporation of India (SCI) reported a multi-fold rise in its net profit for the second quarter ended September 2024, reaching Rs 291.44 crore. The company's total income also...

India-ASEAN Collaboration: Tackling Contemporary Issues

November 8, 2024 16:19

India and ASEAN are major demographies whose collaboration is crucial in tackling contemporary issues like food and health security, political challenges in Myanmar, and more. External Affairs...

ED Returns Rs 185 Cr Assets to Banks in Pharma Loan Fraud Case

October 30, 2024 18:50

The Enforcement Directorate has returned assets worth over Rs 185 crore to SBI-led banks in a loan fraud case involving Surya Pharmaceutical Ltd. and its promoters. The company allegedly defrauded...

Sonowal Reviews Ship Repair Facility & Road Project in Assam

October 28, 2024 20:19

Union Minister Sarbananda Sonowal reviewed the progress of Northeast's first ship repair facility at Pandu Multi Modal Terminal and an elevated road corridor project in Assam.

India's Energy Transition: High Dependence on Critical Mineral Imports

October 28, 2024 11:45

India's energy transition faces challenges as it heavily relies on imports for critical minerals like lithium, cobalt, and nickel, raising concerns about trade risks. The report suggests...

Ship Firms Settle US Bridge Collapse Costs, Reject Liability

October 25, 2024 17:23

Ship management firm Synergy Marine and Grace Ocean have reached an agreement with the US government on cost payment for the collapse of a bridge hit by their cargo ship in March, but deny...

Cyclone Dana: Ports Ministry Takes Precautionary Measures

October 24, 2024 22:13

India's Ministry of Ports, Shipping & Waterways has implemented comprehensive safety measures to protect ports, vessels, and personnel in anticipation of Cyclone Dana.

LT Foods Q2 Profit Dips Despite Revenue Growth

October 24, 2024 17:44

LT Foods, owner of Daawat and Royal basmati rice brands, reported a 4.22% drop in Q2 profit due to higher costs despite revenue growth. The company cited global shipping disruptions and the Red Sea...

Gadkari Reviews Key National Highway Projects in Assam, Sikkim, Mizoram

October 22, 2024 20:57

Road Transport Minister Nitin Gadkari reviewed the progress of key National Highway projects in Assam, Sikkim, and Mizoram, emphasizing connectivity and economic growth.

Cargo Volume at Major Indian Ports Rises 5% in September

October 17, 2024 16:08

India's 12 major ports handled 413.747 million metric tonnes of cargo in September, a 5.03% increase year-on-year. The 20th Maritime States Development Council meeting discussed port ranking and...

India to Set Up Large Methanol Plants to Reduce Fossil Fuel Imports

October 16, 2024 19:08

Niti Aayog member VK Saraswat advocates for large-scale methanol production in India to decrease fossil fuel dependence and promote clean energy.

Bajaj Auto Q2 Profit Dips 31% to Rs 1,385 Cr

October 16, 2024 19:04

Bajaj Auto's consolidated profit after tax declined 31% to Rs 1,385 crore in Q2 FY25 due to higher expenses and a one-time deferred tax provision. Revenue rose to Rs 13,247 crore.

India Offers to Help Myanmar with 5G Deployment

October 16, 2024 17:03

India has pledged to assist Myanmar in establishing 5G mobile networks, leveraging its own successful 5G rollout. The offer was made during the eighth India-Myanmar joint trade committee meeting.

Singapore PM Honors Ratan Tata, Calls Him True Friend

October 11, 2024 08:49

Singapore Prime Minister Lawrence Wong paid tribute to Ratan Tata, praising his contributions to the country's economic growth and calling him a true friend. Tata's legacy and investments will be...

India's Ship Recycling Industry to Grow to 4.2 Million GT by 2025

October 10, 2024 21:24

India's ship recycling industry is projected to reach 3.8-4.2 million GT in 2025, driven by a surge in obsolete ships and stable scrap prices. Learn more about the industry's growth and key factors...

India's Renewable Energy Growth: 86% Increase in 10 Years - Pralhad Joshi

October 7, 2024 20:53

India has witnessed a remarkable 86% increase in renewable energy generation in the past decade, reaching 360 billion units. Minister Pralhad Joshi highlights India's commitment to green energy and...

IFC Provides $500M Loan to Axis Bank for Green Projects in India

October 7, 2024 16:28

IFC, the World Bank's private lending arm, has provided a $500 million loan to Axis Bank to fund green projects and develop a blue finance market in India. The loan aims to promote...

India's Maritime Heritage: Sonowal Meets Experts to Plan Conclave

October 5, 2024 20:56

Union Minister Sarbananda Sonowal met with archaeologists, museologists, and historians to discuss promoting India's maritime heritage, including an upcoming conclave in December 2024.

PLR Scheme Modified for Major Ports & Dock Workers

October 3, 2024 22:26

The Union Cabinet approved modifications to the Productivity-Linked Reward (PLR) Scheme for major ports and dock labour board employees, impacting about 20,704 workers.

BPCL Partners with Mumbai Port for Green Fuel Ecosystem

October 3, 2024 13:04

BPCL signs an MoU with Mumbai Port Authority and Mumbai Port Sustainability Foundation to establish a green fuel ecosystem, promoting clean energy solutions and reducing carbon emissions.

West Asia Conflict: Impact on Indian Exports & Logistics

October 2, 2024 17:04

The escalation of conflict in West Asia is expected to disrupt trade, raise logistics costs, and impact oil, electronics, and agricultural exports from India.

India's Potential as Green Shipbuilding Hub: Maritime Expert

October 2, 2024 10:45

India's government focus on alternative fuels and renewable energy positions it as a potential hub for green shipbuilding, according to maritime expert Cristina Saenz de Santa Maria of DNV.

West Asia Conflict Hits India's Trade with Israel, Jordan, Lebanon

October 1, 2024 19:13

The escalating conflict in West Asia is impacting India's trade with Israel, Jordan, and Lebanon, leading to significant export declines, according to GTRI. Learn about the implications for Indian...

Cruise Bharat Mission Launched: Doubling Cruise Tourism by 2029

September 30, 2024 20:18

India's 'Cruise Bharat Mission' launched to boost cruise tourism, aiming to double passenger traffic by 2029. The mission includes infrastructure development, cruise alliances, and new cruise...

Govt Extends RoDTEP Export Benefits Till 2025

September 30, 2024 19:25

The Indian government has extended the RoDTEP scheme, providing export benefits for DTA units till September 30, 2025, and AA/EOU/SEZ units till December 31, 2024. The scheme aims to reimburse...

Blue Dart Express Raises Shipping Prices by 9-12% in 2025

September 30, 2024 18:32

Blue Dart Express announces a 9-12% price increase for shipments effective January 1, 2025, citing rising operating costs. The price adjustment aims to maintain quality service and foster...

Lulu Group Returns to Andhra Pradesh for Investments

September 28, 2024 22:43

Lulu Group, a major conglomerate, is set to invest in Andhra Pradesh after a change in government. The company plans to build malls, multiplexes, and hypermarkets in Visakhapatnam, Vijayawada, and...

Indian Women Seafarers: 7-Fold Jump, Maersk's 'Equal at Sea' Initiative

September 27, 2024 20:55

Maersk's 'Equal at Sea' initiative drives a significant increase in Indian women seafarers, reaching over 350 in the last 3 years, contributing to a more diverse and inclusive maritime sector.

Shipbuilding Clusters in 5 States: India's Maritime Vision 2030

September 25, 2024 20:32

India to establish shipbuilding and ship repair clusters in 5 states, aiming for 40 million TEUs container handling by 2028. Minister Sonowal highlights key initiatives.

Seaplane Operations in India: Govt Completes Feasibility Studies

September 25, 2024 19:50

The Indian government has completed feasibility studies for seaplane operations in various locations, including Lakshadweep, and is working to set up jetty facilities. This initiative is aimed at...

Shipbuilding Clusters in 5 Indian States: Union Minister Sonowal

September 25, 2024 18:01

India's Ministry of Ports, Shipping and Waterways is establishing shipbuilding and ship repair clusters in Gujarat, Andhra Pradesh, Maharashtra, Kerala, and Odisha. These clusters are expected to...

Western Carriers Shares Debut Weak, Fall 7% - PTI

September 24, 2024 17:29

Western Carriers (India) Ltd shares ended their market debut over 7% lower than the issue price. The IPO, which garnered 30.46 times subscription, raised Rs 493 crore.

Western Carriers Shares Debut at Discount - PTI

September 24, 2024 12:08

Western Carriers (India) Ltd shares made a tepid market debut, listing at a discount of over 1% against the issue price of Rs 172. The company's market valuation stood at Rs 1,659.83 crore.

India Plans Yacht Tourism Boost: Sonowal

September 22, 2024 13:00

India is developing yacht tourism with plans for marinas to attract international visitors and boost the economy. Minister Sonowal outlines the plan and its potential.

Boosting Export Competitiveness: India Cuts Port Charges & Buys Vessels

September 20, 2024 19:00

India aims to boost export competitiveness by reducing port charges, purchasing additional container vessels, and addressing container shortages. This will benefit Indian exporters, especially SMEs.

Western Carriers IPO Oversubscribed 30.46 Times

September 19, 2024 18:51

Western Carriers (India) Ltd's IPO received 30.46 times subscription on the final day of bidding, with strong demand from all investor categories. The company plans to use the funds for debt...

Govt Steps to Resolve Shipping Woes for Traders

September 19, 2024 15:19

Indian government announces measures to address shipping sector issues impacting exporters and importers, including container shortages, high freight rates, and port delays.

India Aims for USD 825 Billion Exports: Goyal

September 18, 2024 22:32

India's Commerce Minister Piyush Goyal targets USD 825 billion in exports this fiscal, despite global challenges. He also outlines plans to attract foreign investments through single-window...

French Envoy Visits India for IMEEC Project

September 18, 2024 19:52

France's special envoy for the India-Middle East-Europe Economic Corridor (IMEEC) visited India to explore infrastructure and development strategies, particularly the Mundra port. The IMEEC aims to...

India-Denmark Maritime Relations Strengthen: Focus on Sustainability

September 18, 2024 19:41

India and Denmark are strengthening their maritime relations, collaborating on sustainable practices, green technologies, and port modernization under the Green Strategic Partnership.

Western Carriers IPO Over-Subscribed 13.88 Times

September 18, 2024 19:12

Western Carriers IPO, a Rs 493-crore initial share sale of logistics company Western Carriers (India) Ltd, was oversubscribed 13.88 times. The IPO received bids for 28,96,23,957 shares against...

India Aims for $1 Trillion Services Exports by 2030

September 17, 2024 20:16

India's commerce ministry plans to focus on 12 champion sectors, collaborating with other ministries to boost services exports and reach a $1 trillion target by 2030.

India's Exports Plunge 9.3% Amidst Red Sea Crisis && Logistical Challenges

September 17, 2024 19:10

India's exports contracted 9.3% in August due to the Red Sea crisis and logistical challenges, impacting petroleum product exports significantly. Experts call for government intervention to support...

Western Carriers IPO Subscribed 9.43 Times

September 17, 2024 18:38

Western Carriers (India) Ltd's IPO received bids for 19.67 crore shares against 2.08 crore shares on offer, with strong subscription from Retail and Non-Institutional investors. The IPO will be...

Western Carriers IPO Subscribed 4.83 Times on Day 2

September 16, 2024 19:00

Western Carriers (India) Ltd's IPO received 4.83 times subscription on Day 2, with strong demand from retail and non-institutional investors. The IPO raised Rs 493 crore and will be used for debt...

Great Nicobar Transhipment Port: Sonowal Slams Opposition

September 16, 2024 15:19

Union Minister Sarbananda Sonowal defends the Rs 41,000 crore Great Nicobar transhipment port project, claiming opposition stems from 'vested interest.'

Delhivery Partners Teamglobal for Ocean Freight Services

September 16, 2024 10:41

Delhivery teams up with Teamglobal Logistics for ocean freight services, expanding reach to 120+ countries and offering integrated in-land and international logistics solutions.

India Seeks Investment for Shipbuilding Clusters

September 15, 2024 14:25

India aims to boost its shipbuilding industry by attracting investment and technology from South Korea and Japan, with plans for dedicated clusters and a new Maritime Development Fund.

Freight Costs, Container Shortages Threaten India's Exports: GTRI

September 15, 2024 13:25

Rising freight costs, container shortages, and dependence on foreign carriers pose serious challenges to India's exports, warns GTRI. Urgent steps needed to boost domestic container production and...

Goa Cruise Terminal to Boost Tourism & Economy

September 15, 2024 10:51

New cruise terminal in Goa expected to boost tourism and local economy by 2025, with increased passenger traffic and modern facilities.

Western Carriers IPO Subscribed 79% on Day 1

September 13, 2024 18:12

Western Carriers (India) Ltd's IPO received 79% subscription on Day 1. The Rs 493-crore offer saw strong demand from retail investors, with the RII portion subscribed 1.41 times.

Western Carriers IPO: Rs 148 Cr Raised from Anchor Investors

September 12, 2024 21:30

Western Carriers, a leading logistics firm, raised Rs 148 crore from anchor investors ahead of its IPO. The IPO will open for subscription on September 13th and close on September 18th.

Maritime Development Council Meet in Goa: Sagarmala, Maritime Vision 2030 Discussed

September 12, 2024 16:47

The 20th Maritime Development Council meet in Goa discussed key initiatives like Sagarmala, Maritime India Vision 2030, and Maritime Amrit Kal Vision 2047, aiming to enhance India's maritime sector.

Green Hydrogen: PM Modi Urges Action on Climate Change

September 11, 2024 13:26

Prime Minister Modi emphasizes the urgency of addressing climate change and highlights Green Hydrogen as a key solution. India's National Green Hydrogen Mission aims to make the country a global...

Western Carriers IPO: Price Band at Rs 163-172/share

September 10, 2024 12:56

Western Carriers, a leading logistics firm, has fixed the price band for its Rs 493-crore IPO at Rs 163-172 per share. The IPO will open for subscription from September 13 to 18.

Western Carriers IPO Opens Sep 13: Logistics Firm Aims to Raise Rs 500 Crore

September 9, 2024 15:04

Western Carriers (India) Ltd will launch its IPO on September 13, aiming to raise up to Rs 500 crore. The Kolkata-based logistics company's IPO will conclude on September 18. The proceeds will be...

Goyal Invites Steel Industry to Discuss Unfair Competition

September 6, 2024 14:34

India's Commerce Minister Piyush Goyal has invited the steel industry to discuss unfair competition and explore solutions for sector growth. He also highlighted the India Middle East Europe...

Vadhvan Port: 1.2 Million Jobs, Global Interest - Sonowal

September 4, 2024 16:49

Union Minister Sonowal highlights the upcoming Vadhvan Port in Maharashtra, expected to create 1.2 million jobs and attract significant global investment.

India's Maritime Ambitions: Rethinking Ships & Infra | Sagarmanthan Dialogue

September 4, 2024 16:15

Sanjeev Sanyal, PM's Economic Advisory Council member, calls for a rethink on India's approach to ships and infrastructure to boost maritime governance. The Sagarmanthan Dialogue, scheduled for...

Blackstone Invests Rs 700 Cr to Redevelop CWC Warehouses

September 2, 2024 18:53

Blackstone's Horizon Industrial Parks will invest Rs 700 crore to redevelop CWC warehouses in 13 locations, creating modern Grade-A facilities for e-commerce, retail, and logistics.

Vadhvan Port: 12 Lakh Jobs, 76,200 Crore Investment - Sonowal

August 30, 2024 17:58

Union Minister Sonowal announces Vadhvan Port in Maharashtra will create 12 lakh jobs and generate Rs 76,200 crore investment. Learn more about the project's impact and future.

India Tyre Exports Rise 17% in Q1: ATMA

August 29, 2024 16:08

India's tyre exports surged 17% year-on-year in Q1 FY25, reaching Rs 6,219 crore, with the US being the top market. Growth was driven by R&D focus, competitive pricing, and branding efforts,...

Major Port Workers' Wage Revision Approved: Strike Averted

August 28, 2024 19:01

India's shipping ministry approves wage revision for major port workers, averting a strike. The new structure includes a 5-year agreement with a fitment benefit and special allowance.

GAIL to Import LNG from 2026, Adds New Ship

August 28, 2024 17:32

GAIL secures new LNG contracts starting in 2026, adding to its fleet and solidifying its position as a key player in India's energy sector.

Port Workers Strike Deferred: Unions Reach Agreement

August 27, 2024 21:26

Port and dock workers' unions in India have deferred an indefinite strike after reaching an agreement with port management on wage revisions and benefits. The strike was scheduled to begin on...

India-Oman Free Trade Pact Talks Advance: Ambassador

August 27, 2024 15:30

India and Oman are nearing a free trade agreement (FTA), aiming to boost bilateral trade and investment. Discussions are at an advanced stage, with the pact expected to significantly increase...

AM Green Ammonia Reaches FID for Kakinada Green Ammonia Project

August 27, 2024 13:29

AM Green Ammonia has reached final investment decision (FID) for its 1 million tonne green ammonia project in Kakinada, Andhra Pradesh. The project will be located at an existing urea plant and is...

Indian Companies: Opportunity in Nigerian Market - LFZ CEO

August 26, 2024 15:44

LFZ CEO Adesuwa Ladoja highlights the potential for Indian companies to develop products tailored for the Nigerian and broader African markets.

REC to Finance JNPA Projects with Rs 45,000 Cr

August 25, 2024 18:29

REC Ltd will provide up to Rs 45,000 crore to finance JNPA projects, including the development of Vadhavan Port. This MoU will strengthen infrastructure development in India.

Major Ports to Discuss With Workers to Avert Strike

August 23, 2024 19:53

Major ports in India are set to discuss with workers' unions to prevent a nationwide strike scheduled for August 28. The strike is in protest of delayed wage revisions and benefits.

Mumbai Port Signs Rs 4,000 Cr Projects, Launches Sustainability Initiatives

August 23, 2024 17:29

Mumbai Port has signed investment proposals worth Rs 4,000 crore for projects focused on sustainability and green fuel, generating 1.45 lakh person-days of employment.

JN Port to Boost Capacity to 10 Million TEUs by April 2025

August 22, 2024 20:31

Jawaharlal Nehru Port (JNPA) to increase container handling capacity to 10.4 million TEUs by April 2025, becoming the first 100% landlord port in India. The port also announced new infrastructure...

JN Port to Reach 10 Million TEUs Capacity: Sonowal

August 22, 2024 16:33

Jawaharlal Nehru Port (JNPA) is expanding its container handling capacity to 10 million TEUs, with the upcoming Vadhvan Port in Maharashtra expected to create 10 lakh jobs. The minister also...

Green Ammonia Export: India to Japan - Sembcorp, Sojitz Sign Pact

August 20, 2024 20:33

Sembcorp Industries and Japanese firms sign deal for green ammonia export from India to Japan, marking a first in the sector. The agreement involves Sojitz, Kyushu Electric Power, and NYK Line, and...

Adani Group EBITDA Surges 33% in Q1, Leverage at Multi-Year Low

August 19, 2024 13:34

Adani Group reports a 33% surge in EBITDA for the June quarter, driven by strong infrastructure performance and emerging businesses. Leverage reaches a multi-year low.

BPCL Launches Biofuel Blend Bunker at Mumbai Port

August 16, 2024 19:35

BPCL has set up the first biofuel blend bunker at Mumbai Port, offering shipping companies a cleaner alternative to traditional fuels. This initiative aligns with global efforts to decarbonize the...

Egyptian Ship Arrested at Paradip Port for Debt

August 16, 2024 13:48

An Egyptian ship, MV Wadi Albostan, was arrested at Paradip Port in Odisha due to a Rs 3.96 crore debt owed to a German company. The ship was carrying iron ore to China.

India Imports USD 2.8 Billion in Russian Crude Oil in July

August 15, 2024 12:11

India imported USD 2.8 billion worth of crude oil from Russia in July, making Russia its biggest supplier. This comes as European nations shun Russian oil due to the Ukraine war. China is the...

Deendayal Port: Shipping Secy Reviews Key Projects & Welfare Initiatives

August 14, 2024 18:14

Ports, Shipping & Waterways Secretary TK Ramachandran reviewed key projects, inaugurated welfare initiatives, and met stakeholders at Deendayal Port in Gujarat.

India Fruit Exports Surge 47% in 5 Years: Govt

INOX Air Products Launches First Green Hydrogen Plant in India

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Search result for 'shipping'

New Indian Ports Bill Introduced: Mega Ports, Maritime Council

Chabahar Port Cargo Handling Up 82% in 5 Years

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India, Singapore Partner for Green ''Digital Shipping Corridor

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Yashwantrao Chavan Univ & Vadhvan Port Partner for Skill Training

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Walmart Pilots India Startups for Supply Chain Innovation

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