India’s crude oil imports from Russia surge 1000%
NEW DELHI : India now sources 40% of its crude oil imports from Russia, with year-to-date volumes averaging 1.6 million barrels per day (mbpd), according to BIMCO. This marks a staggering 1000% increase compared to
Indo-Bangla trade via Bengal land ports to normalise soon
KOLKATA : Despite ongoing political turmoil in Bangladesh, trade between India and the neighbouring country through land ports in West Bengal is expected to normalise soon while some movements of goods via one of
Launch of FEDERALBOXX in India : The World’s First Unified Digital Networking Shipping Platform
NEW DELHI : FEDERALBOXX announce the launch of their services in India. FEDERALBOXX is the world’s first unified digital networking shipping platform. This revolutionary platform is set to transform the global shipping industry by
Cotton spinning units worried over escalating situations in Bangladesh
NEW DELHI : Already grappling with sluggish global demand, the Indian cotton spinning industry is apprehensive about the fallout of the ongoing political turmoil in Bangladesh, the largest textile player after China. Talking on the recent developments, Ripple Patel,
US volumes break 2.5 million TEU mark in July; Imports from China set record high
WATERLOO : According to Descartes Systems Group’s latest Global Shipping Report, July container volumes into the United States were the third highest on record, eclipsed only by the first- and second-highest volumes in May
India now depends on Russia for 40% of its crude oil imports : BIMCO
LONDON : “During the past three months, India has relied on Russia for 40% of its seaborne crude oil import. Year-to-date, volumes have reached an average of 1.6 million barrels per day (mbpd), an
PM Modi releases Big Bang Numbers on Indian Economy
NEW DELHI : Prime Minister Shri Narendra Modi on Tuesday released the Big Bang Numbers on the Indian economy as part of his Bi-Weekly Bharat newsletter for the fortnight of July 15-31 on the
No proposal for PLI scheme for manufacturing of shipping containers: Govt
NEW DELHI : The government on Tuesday said that at present, there is no proposal for a Production Linked Incentive (PLI) scheme for the manufacturing of shipping containers in the country. Minister of State