LONDON : The Baltic Exchange’s main sea freight index marked its best week in more than two months on Friday, despite a daily decline attributed to weakness in capesize vessel segment. The overall index,
NEW YORK : The Panama Canal is in talks with U.S. liquefied natural gas (LNG) producers on how to meet increased demand for crossings as water levels recover after a prolonged drought, the canal’s
NEW DELHI : The Ministry of Commerce is working on a plan to diversify its export destinations, and ship goods such as electronics goods, drugs, engineering goods, and food products to new markets, as
MUMBAI : In a recent advisory issued by the Directorate General of Shipping in Mumbai, family members of seafarers are warned about an increasing number of scammers posing as law enforcement officials. The warning
NEW DELHI : The Export-Import Bank of India has predicted that India’s total merchandise exports will reach $116.7 billion in the ongoing first financial quarter, growing 12.3% year-on-year on strong economic fundamentals and sustained manufacturing
TEHRAN : The Indian embassy in Iran announced the release of five Indian sailors who were onboard an Israeli-linked vessel seized by Tehran. The sailors have since departed from Iran. The embassy thanked Iranian authorities
PURI : Promising a slew of infrastructure projects for Odisha after the general elections, Union Minister of Road Transport and Highways, Shri Nitin Gadkari, announced on Thursday plans to establish an airport in the
NEW DELHI : The Ministry of Textiles in partnership with Confederation of Indian Industry (CII) and Ahmedabad Textiles Industries’ Research Associations (ATIRA) organized a National Symposium on Advancements in Composites, Speciality Fibres and Chemicals
LUCKNOW : The Uttar Pradesh Government has announced plans to invest a staggering Rs 45,000 crore to expedite cargo movement across the state. This significant investment underscores the government’s commitment to bolstering infrastructure and
NEW DELHI : The Railway Ministry has significantly enhanced the financial powers of general managers and divisional managers to fast-track the execution of infrastructural projects. “The proposal for revision of powers of field units
