India seeks regular transit through Mongla, Chittagong Ports
NEW DELHI: India has sought permission to start using the two Bangladesh seaports at Chittagong and Mongla for regular transit of cargoes destined for its North-Eastern States, officials say. The neighbouring country is seeking
Adani Ports to raise $500 mn via bonds
Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday announced a $500 million bond sale, its second such offering in the last few months, as the Adani group flagship seeks to capitalize on
Key maritime industry stakeholders sign global pledge on seafarer wellbeing & crew change
A new global pledge signed by over 300 maritime industry and human rights leaders on Tuesday has reset expectations and put accountability on the industry to use their leverage to end the deepening crew
OOIL announces plans to issue New Shares on the Market
HONG KONG: Orient Overseas (International) Limited (“OOIL”) is pleased to report that the company has entered into a Placing and Subscription Agreement with Faulkner Global Holdings Limited, our immediate parent company and part of
Last mile connectivity & feeder routes of DFCs should be completed simultaneously: Goyal
Mr Piyush Goyal, Minister for Railways and Commerce & Industry, this week again reviewed the progress of various sections under completion of the Dedicated Freight Corridors (DFC), both the East and West sections. Railway
Sri Lanka to invite investors for BOT port warehouse complex
Sri Lanka’s Minister of Ports and Shipping was given the go ahead to call investors to build a warehouse in the capital Colombo on a build operate transfer (BOT) basis, the state information office
Hapag-Lloyd significantly improves operating result in 2020
HAMBURG: On the basis of preliminary figures, Hapag-Lloyd’s earnings before interest, taxes, depreciation and amortisation (EBITDA) for the 2020 financial year increased to more than USD 3 billion (approximately EUR 2.7 billion). Earnings before
India seen as fastest growing economy in FY22: IMF
NEW DELHI: India’s economy is expected to bounce back strongly in the next fiscal year with 11.5% growth, the International Monetary Fund (IMF) said recently, forecasting a sharp global recovery in 2021 after the