DPA Kandla held a “Meeting with Trade”
GANDHIDHAM : Deendayal Port Authority (DPA), Kandla held a “MEETING WITH TRADE” on May 24, 2024, here. The meeting was Chaired by Shri Nandeesh Shukla, IRTS, Deputy Chairperson of DPA and attended by key
IMO condemns “illegal, unjustifiable” attacks on ships in Red Sea
LONDON : IMO Member States call for an immediate end to ongoing attacks on ships and seafarers transiting through the Red Sea and Gulf of Aden. Member States of the International Maritime Organization (IMO)
RVNL tastes success with Maldives port project, eyes global footprint
NEW DELHI : In 2022, Rail Vikas Nigam Ltd (RVNL) – a Navratna and construction arm of the Ministry of Railways – was appointed as project implementation agency for the UTF (Uthuru Thila Falhu-Island) Harbour project
ICG takes preparatory measures in view of Cyclone Storm ‘Remal’ originating from Central Bay of Bengal
NEW DELHI : Indian Coast Guard (ICG) has initiated comprehensive preparatory measures to ensure minimal loss of life and property at sea due to Cyclonic Storm ‘Remal’ originating in the central Bay of Bengal.
NHAI likely to rake in Rs 60K crore via monetisation of road projects in 2024-25 : ICRA
NEW DELHI : NHAI has a monetisation potential of Rs 53,000 to 60,000 crore from the sale of 33 road assets through the toll-operate-transfer and Infrastructure Investment Trust mode that it has lined up
Lulu Group to set up logistics, food-processing centre in Amritsar
ABU DHABI : Lulu Group, a renowned Indian-United Arab Emirates (UAE)-based multinational conglomerate company, is set to launch a logistics and food processing centre located in Amritsar, Punjab. The proposed centre, which will span 20 acres
AEMA places over 750 cadets as trainees on cargo ships annually : Vineet Gupta
KOLKATA : The unemployment amongst entry level jobs in the Indian seafaring sector is a major cause of concern presently for the Indian maritime industry according to Vineet Gupta, Managing Director of Anglo Eastern
Maldives to soon launch India’s RuPay Service
MALE : RuPay is the first of its global card payment network in India. Meanwhile, Maldives has not announced any date for the launch of the service. Notwithstanding the turbulence in their bilateral ties,
Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells
COPENHAGEN : A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. The beginning of peak shipping season, coupled with the longer transits
Red Sea crisis: Container shortage & soaring shipping costs drive up cost of white goods
KIEL (GERMANY) : The ongoing conflict in West Asia, particularly in the Red Sea region has severely impacted global shipping, causing a significant increase in sea freight costs and disrupting the supply chains for