Dry bulk newbuild contracting fell 34.2%, despite a strong market : BIMCO
LONDON : “During the first half of 2024, newbuild contracting in the dry bulk sector fell 34.2% y/y despite favourable market conditions. A 6.5% y/y increase in prices
ITOCHU, Nihon Shipyard, ClassNK and MPA, signed MOU for joint study of ammonia fueled bulk carriers
TOKYO : ITOCHU Corporation, ClassNK, Nihon Shipyard Co., Ltd., and Maritime and Port Authority of Singapore (MPA) have signed a Memorandum of Understanding (MoU) regarding a joint study
Piyush Goyal holds meetings with counterparts at G7 Trade Ministers’ meet in Italy
NEW DELHI : Union Minister of Commerce and Industry, Shri Piyush Goyal, attended the G7 Trade Ministers’ meeting held at Villa San Giovanni, Reggio Calabria, Italy. The meeting
Gujarat CM approves Rs 1,740 Cr to strengthen road infrastructure in state’s industrial and quarry
GANDHINAGAR : Gujarat Chief Minister Shri Bhupendra Patel has granted in-principle approval for the allocation of Rs 1,470 crore to upgrade and strengthen roads connecting industrial and quarry
FSSAI rejects import of over 1550 food items on grounds of food safety
NEW DELHI : The Food Safety and Standards Authority of India (FSSAI) has reportedly rejected the import of over 1,550 food products over the course of the last
‘China ready but I want India to do it’: Bangladesh PM Sheikh Hasina on key $1 billion r
DHAKA : Bangladesh Prime Minister Sheikh Hasina said her government would prefer neighboring India execute a $1 billion river development project, a move that would soothe New Delhi’s
ADB keeps India’s GDP growth projection for FY25 unchanged at 7%
NEW DELHI : Asian Development Bank kept India’s FY25 growth forecast unchanged at 7 percent from its April outlook, according to its latest report released on July 17.
Two weeks to go before TMS Awards nominations close
DUBAI : Preparations are gathering pace for the TMS Awards 2024, which will be held at the Atlantis, The Palm, on Wednesday November 6th. This is the most
Maersk Asia Pacific market update – July 2024
COPENHAGEN : Market insights to power your logistics decisions. The resilience of your supply chain is always our top priority. We are confronted by a range of challenges
Maersk announces updated surcharges worldwide
COPENHAGEN : Maersk will implement a Peak Season Surcharge (PSS) for shipments from India, Bangladesh and Sri Lanka to Bahrain for all dry containers starting 28 July 2024.
