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
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
ICG takes preparatory measures in view of Cyclone Storm ‘Remal’ originating from Central Bay of
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
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
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
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
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
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
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
Global spot rates soar on Major Asia-Europe and Asia-US trades
LONDON : A combination of factors have combined to send global spot rates reaching for the skies onthe major trades out of Asia to Europe and the US