NEW DELHI : India’s Economic Growth in the first quarter of the current fiscal (Q1 FY25) is expected to slide on a year-on-year (YoY) basis. Rating firm ICRA has projected the YoY expansion of
COPENHAGEN : Maersk’s latest Asia Pacific Market Update paints a picture of resilient global trade despite economic challenges. The report highlights a robust global economy with 2.6% projected GDP growth for 2024, driven by U.S. expansion
GENEVA : MSC now has a market share of nearly 20% in the container the shipping industry, an all-time high for any liner operator. According to Alphaliner, MSC has added at least 400,000 TEUs
ROTTERDAM : X-Press Feeders, the world’s largest independent common carrier, today announced the launch of its second green methanol-powered route, the Green Baltic X-PRESS (GBX). It is part of Europe’s first scheduled feeder network
SINGAPORE : DHL has named TUX mobility the winner of its latest Fast Forward Challenge. Headquartered in the Netherlands and producing in India, TUX mobility is a developer of the world’s first solar-powered, light
KARACHI : Growing trade volumes out of the Indian subcontinent amid the trade diversification in Asia are driving global maritime investors to pour more money into the market. Maersk subsidiary APM Terminals is weighing
RIYADH : The Saudi Red Sea Authority (SRSA) has signed a Memorandum of Understanding (MoU) with King Abdullah University of Science and Technology (KAUST) to explore aspects of cooperation in biodiversity sustainability, support for
HONG KONG : Wallem Group, a leading global maritime partner, has released its Environmental, Social and Governance (EGS) report, reinforcing its commitment to safe, sustainable and responsible practices across its ship management, ship agency
NEW DELHI : Union Minister of Commerce & Industry, Shri Piyush Goyal, expressed his concerns about the rapid growth of E-commerce and online shopping in India, warning that it could transform the country into
NEW DELHI : Shri Amardeep Singh Bhatia, IAS has assumed the charge of Secretary, Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry vice Shri Rajesh Kumar Singh, lAS consequent
