TOKYO : The outbreak of warfare between Israel and Hamas is bringing reminders to Asian economies about their continued reliance on energy imports from the Middle East. In 2018, 76% of crude oil traveling
NEW DELHI : India’s reliance on imported crude in the April-September period of the current financial year ending March rose to 87.8 per cent from 86.5 per cent in the corresponding period last year
NEW DELHI : India needs to work towards reducing the cost of fuel to boost inland water transport within the country, MoRTH Shri Nitin Gadkari said recently. Addressing the third edition of the Global
LONDON : Oil prices jumped by 4 per cent on Monday on concerns that the situation in Israel and Gaza could disrupt output from the Middle East.The West Texas Intermediate (WTI), the benchmark for
VISAKHAPATNAM : Adani Gangavaram Port, the deepest and the most modern port in the country, on Wednesday announced it has set a new record of handling 160 rakes. The port dispatched the cargo to
MUMBAI : In its 60th Annual General Meeting which was held on September 29, 2023 in Mumbai, the Federation of Freight Forwarders’ Associations in India (FFFAI) elected new Office Bearers of the Executive Committee
TUTICORIN : The V O Chidambaranar (VOC) Port, located in Tamil Nadu has made history by becoming the first port in India to handle green ammonia. V O Chidambaranar Port Authority, a state-owned entity
DHAKA : The operations at the Chittagong port, Bangladesh’s prime seaport, had remained suspended over two days as the super cyclone Mocha approached and crossed the country on Sunday, 15 May. The port authority
LONDON : The International Chamber of Shipping (ICS) Maritime Barometer Report 2022-2023 – published on Tuesday, 16th May, 2023 – reveals that uncertainty over fuel availability and infrastructure puts at risk ambitions to meet
BEIJING : Chinese imports plunged and export growth slowed down in April as the recovery waned, raising concerns about the country’s ability to boost the global economy. Overseas shipments expanded 8.5 percent from a year