Red Sea crisis pushes container shipping spot rates to highest level in over a year
LONDON : Attacks on ships in the Red Sea continue to push ocean freight rates higher, triggering warnings of inflation and delayed goods. To avoid strikes by Iran-backed Houthi militants based in Yemen, carriers
India to become $4 trillion economy before 2024 elections: Piyush Goyal
NEW DELHI : India will become a $4 trillion economy before the upcoming general elections, Commerce & Industry Minister Shri Piyush Goyal said on January 3. “…And in 2-2.5 years, the country will become
Indian exporters brace for more price hikes as normalcy evades Red Sea
MUMBAI : Indian exporters may continue to witness a rise in shipping costs as normalcy eludes the Red Sea region and freight companies continue to avoid the Suez Canal, opting for the longer route
Red Sea conflict sees Air cargo demand rise
PUTEAUX (FRANCE): Airfreight demand is rising as a result of the Red Sea conflict impact on Suez Canal shipping, according to Bolloré Logistics. The international transport and logistics company said that the “volatile” situation,
From UK to Peru, every nation wants to sign FTA with India to gain access to growing market, says GTRI report
NEW DELHI : India’s rapidly growing market and economy have made it a lucrative option for developed as well as developing countries for free-trade agreements (FTAs), and countries such as Oman, Peru, Europe, and
Petronet to sign deal to extend Qatar LNG imports beyond 2028: Oil Secretary
NEW DELHI : India’s top gas importer Petronet LNG is likely to sign a deal this month to extend its long-term liquefied natural gas (LNG) imports from Qatar to beyond 2028, India’s Oil Secretary
Ministry of Ports, Shipping And Waterways Year-end review 2023
NEW DELHI : The Ministry of Ports, Shipping & Waterways has released Year-End Review 2023. MoPSW Major Achievements during 2023 Prime Minister launches the ‘Maritime Amrit Kaal Vision 2047′ encompassing aspirations in Logistics, Infrastructure,
PHDCCI submits economic memorandum to Fin-Min ahead of Union Budget 2024-25
NEW DELHI : In anticipation of the Union Budget for the fiscal year 2024-25, the PHD Chamber of Commerce and Industry (PHDCCI) has submitted a comprehensive memorandum on the economy to the Union Finance