Iran insists India to use Rupee & Rial in bilateral trade
TEHRAN : Tehran nudged New Delhi to use respective national currencies, Rupee and Rial, for settling payment in bilateral trade, as Prime Minister Shri Narendra Modi’s National Security
Asyad Ports Company sees 88% growth in handling services
YAHYA AL SALMI (OMAN) : Asyad Ports Company, a subsidiary of the Asyad Group, has announced an increase of 88 percent in the volumes of handling during its
The world’s fastest-growing ride-hailing service inDrive.Freight launches service in India
CALIFORNIA : inDrive.Freight, a same-day and on-demand service to find delivery options for any 20+kg freight by inDrive, is launched in India. Its unique feature is the ability
AD Ports Group enhances its fleet with crude oil tankers and bulk carriers
ABU DHABI : AD Ports Group has announced plans to increase its fleet by purchasing five bulk ships and three crude oil tankers. These vessel purchases will complement
Experts see more opportunities than risks for breakbulk in 2023/24
DEVON (UK) : “In 2022, demand growth for multipurpose vessels slowed significantly, while fleet capacity increased,” Susan Oatway says when summarising the breakbulk and project cargo year 2022.
Scorpio Tankers doubles Q1 revenue
MONACO : Scorpio Tankers announced a strong set of first quarter results, doubling its revenue and returning to profit in the first three months of 2023. Profit of
Edda Wind repeat order confirms as offshore wind service vessel technology of choice
FINLAND : MacGregor, part of Cargotec, has extended its run of orders for walk-to-work gangway technology from Edda Wind, after receiving a contract to equip the 8th service
Centre pushes for maritime innovation with Sagarmala start-up policy
NEW DELHI : A draft under the ‘Sagarmala innovation and start-up policy’ was recently put up for discussion and stakeholder comments. According to a Ministry official, most of
MSC boosts support for Asia-India Trade with New Shikra Service
GENEVA : To meet growing global demand, and strengthen Asian port connectivity and availability, MSC is proud to unveil a new inter-Asia service between the main ports of
India building 7,200 km transport corridor to counter China’s BRI
NEW DELHI : The 7,200 km long International North South Transport Corridor (INSTC) connecting India and Russia is now rapidly coming to life after remaining a slow starter
