Mazagon Dock shipbuilders bags Rs 1,070-Crore contract from Defence Ministry
MUMBAI : Mazagon Dock Shipbuilders Ltd. has signed a contract with the Ministry of Defence, which will buy 14 Fast Patrol Vessels for the Indian Coast Guard. The
DGFT calls for e-commerce boost to transform India into a global leader in gold jewellery exports
NEW DELHI : The Directorate General of Foreign Trade (DGFT) has urged the Gem & Jewellery Export Promotion Council to popularise jewellery exports through e-commerce and to position
Apparel exporters seek tax incentives in Budget 2024 to boost manufacturing
NEW DELHI : In order to increase domestic manufacturing and India’s outward shipments, Apparel Export Promotion Council (AEPC), on Wednesday called for tax advantages like uniformity in GST
Global trade disrupted as Red Sea crisis raise economic concerns
NEW YORK : The greatest disruption to global trade in decades has resulted from two months of missile, drone, and hijacking attacks against civilian ships in the Red
Container rate surge slows as Chinese New Year approaches
SINGAPORE : Container rate levels are seeing the expected levelling out prior to Chinese New Year as the initial shock of the Red Sea crisis wanes and new
DHL Global Forwarding Asia Pacific earns Top Employer status for the fifth consecutive year
SINGAPORE : DHL Global Forwarding, the freight specialist of DHL Group, has been certified as Top Employer in Asia Pacific for the fifth year in a row. Eight
2 ships with US Defence cargo attacked off Yemen; Qatar says gas shipping affected
YEMEN : Two American-flagged ships carrying cargo for the US Defence and state departments came under attack by Yemen’s Houthi rebels on Wednesday, officials said, with the US
ABB to acquire weather routing business to expand marine software portfolio
ZURICH : ABB announced it has entered into an agreement to acquire the shipping business of DTN Europe BV and DTN Philippines Inc. (hereinafter DTN Shipping), expanding the company’s
Tanker owners plead for Red Sea pass as missiles continue to fly
LONDON : Tanker trades are facing continued disruption for some time yet as more owners steer clear of the Red Sea. Ship tracking data suggests tanker traffic has
Chemfleet adds three ships to Berg energy efficiency upgrade after verifying 10% fuel savings
ISTANBUL : Specialized ship manager Chemfleet has confirmed that an in-service Berg Propulsion upgrade to control systems onboard the tanker YM Miranda has yielded fuel savings of around 10%. Trials
