BEIJING : Jiangnan Shipbuilding, a subsidiary of China State Shipbuilding Corporation, has delivered the world’s largest Very Large Liquefied Gas Carrier (VLGC) to Singapore-based shipping and trading company Petredec. This marks a significant milestone
NEW DELHI : Union Minister of Ports, Shipping & Waterways and AYUSH, Shri Sarbananda Sonowal said FY23 saw India’s major ports reach unprecedented heights, setting new records across various key performance indicators. Speaking at
KOLKATA : The Sittwe Port in Myanmar funded by India under the $500 million Kaladan Multimodal Transit Transport Project will start operations in May with the inaugural run of a ship from Netaji Subhas
NEW DELHI : ICICI Bank on Friday announced that it offers Rupee Vostro Account to enable Indian exporters and importers to pay and settle export-import transactions in Indian Rupees (INR). The proposition reduces the foreign currency risk
NEW DELHI : India and Bangladesh have agreed in principle to use local currency for trade in a boost for India’s efforts to internationalise the rupee, reduce dollar demand and cushion Indian exports amid
AHMEDABAD : Maruti Suzuki has plans to set up a car production factory in Gujarat. The company has plans to extend its capacity to 10 lakh cars per annum with an investment of Rs
CHENNAI : The ₹5,885-crore Chennai Port to Maduravoyal elevated expressway project has attracted 13 bidders, including Afcons, Tata Projects and Kalpataru Power Transmission. The project is being taken up in four sections with Afcons
NELLORE : Vijayawada division, South Central Railways, commissioned Bharat Petroleum Corporation Limited’s (BPCL) Gati Shakti rail multi-modal cargo terminal (GCT) at Krishnapatnam in Nellore . The new terminal will handle outward traffic of petroleum
MARSEILLE : CMA CGM announced an updated Overweight Surcharge (OWS) from Asia and India East Coast to Nigeria effective 28 April. The French ocean carrier will implement a fee of US$250 per 20′ dry
MUMBAI : The slide in container freight rates on some of the trades routes out of India seems to have slowed, according to the latest market analysis. On the westbound India-Europe trade, average contract
