Oil prices jump on concerns over Middle East supply disruptions
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
Adani Gangavaram Port achieves a new record in handling Rakes
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
Dushyant Mulani takes over as Chairman FFFAI ; new Office Bearers elected at 60th AGM in Mumbai
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
VOC Port in Tamil Nadu creates history with India’s first Green Ammonia import, to promote ‘Fuel Of Future’
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
Cyclone Mocha forces 60-hour operation closure at Chittagong port
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
Political instability is a “Risk Multiplier” which is putting a successful green energy transition in maritime in jeopardy ICS report shows
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
China’s slacking imports, slowing exports peril global economic recovery
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
India-Russia Ties : After S-400 Shipments, Russia could now suspend Oil Exports to India
GOA : Russian foreign minister Sergei Lavrov, while answering a reporter’s question during his press conference in Goa on Friday, May 5, 2023, bluntly implied that in its dealings with Russia, India wants to