BRICS: De-Dollarization becoming a reality
SHANGHAI : The BRICS Alliance kick-started the de-dollarization initiative early this year and a handful of countries are considering ditching the US dollar for global trade. While the
MSC adds Contecon Manzanillo to Far East-US service
GENEVA : Contecon Manzanillo S.A. (CMSA), a business subsidiary of International Container Terminal Services Inc. (ICTSI), is now part of Mediterranean Shipping Company’s (MSC) Santana service. MSC has
Shipping industry could lose $10 billion a year battling climate change by 2050
NEW YORK : Severe drought has caused water levels in the Mississippi River to drop so low that ships have been running aground. To keep commerce flowing, the
NYK commences conversion to Ammonia Fuel for Pioneering Tugboat
Commencing modification to sail the World’s first ammonia-fueled vessel TOKYO : NYK has commenced conversion of the liquefied natural gas (LNG) fueled tugboat Sakigake to an ammonia-fueled tugboat
WCO and IAPH launch Guidelines on Cooperation between Customs and Port Authorities
ABU DHABI : The World Customs Organization (WCO) and the International Association of Ports and Harbors (IAPH) released the Guidelines on Cooperation between Customs and Port Authorities on
PM Modi dedicates 77-km Western Dedicated Freight Corridor section to the nation
AHMEDABAD : Prime Minister Narendra Modi on Monday dedicated to the nation the 77-km New Bhandu-New Sanand section of the Western Dedicated Freight Corridor that will help speed
Indo-Bangla Rail and two Power Projects likely to be launched on November 1
NEW DELHI : Prime Minister Shri Narendra Modi and his Bangladesh counterpart Sheikh Hasina are likely to virtually inaugurate two railway projects and a mega power plant on November
Use technology to catch big fish in illegal cross-border trade, FM Nirmala Sitharaman tells probe ag
NEW DELHI : Finance Minister Smt Nirmala Sitharaman on Monday told global customs authorities to use technology to nab the big fish in illegal cross-border trade and to
Adani Group continues to pump in huge money at Mundra
AHMEDABAD : Adani Group is investing ₹4 lakh crore – both ongoing and in new projects – in the next 6 years at Mundra in Gujarat’s Kutcch region.
India to build 24 Cargo Ships for Russia
NEW DELHI : India will build 24 cargo ships for Russia over the next three years to facilitate trade via the Caspian Sea, according to the Head of