Plan to construct $28-mn warehouse in UAE raises prospects of Indian rice & polymer exporters
SINGAPORE : Companies exporting rice, white goods and polymer from India to the Persian Gulf have got a leg up from a proposal to construct a warehouse in the UAE. The Singapore-headquartered transportation solutions enterprise, BoxcoWorld
Greek owner to sell all container ships, spend $3B on LNG tankers
PIRAEUS : There have been a number of “big picture” questions about shipping stocks through the years: Should companies be “pure plays” or diversify across multiple segments? Which is the best segment to own?
GAIL does world’s first ship-to-ship LNG transfer; cuts CO2 emissions
NEW DELHI : India’s top gas firm GAIL has done the world’s first ship-to-ship liquefied natural gas (LNG) transfer to save on shipping costs and cut emissions as the state-owned entity looks at innovative ways as a pivot
FICCI survey indicates accelerated Indian economic growth in Q2 driven by higher demand
NEW DELHI : The latest quarterly survey from FICCI reveals a strong growth momentum in India’s manufacturing sector during the second quarter of the fiscal year 2023-24. Despite a slowdown in developed nations, the
C P World collaborates with SeaRates of DP World
MUMBAI : The C P World Group, a leading neutral LCL consolidator founded in 2005, opened its first office in Dubai in the year 2005. Since then, there has been no looking back. The
One time exemption from ‘Prohibition’ is granted to Patanjali Ayurved Limited for export of 20 MT of Non-basmati white rice
NEW DELHI : The DGFT issued Notification No. 43 /2023 dated November 11, 2023 regarding the one time exemption from ‘Prohibition’ is granted to Patanjali Ayurved Limited for export of 20 MT of Non-basmati white rice
Cyberattack keeps Australian Ports offline as containers pile up
SYDNEY : Australia is assessing the logistical impact of a cyberattack that has paralyzed some of its biggest ports since Friday and said interruptions will continue for several more days, a mass closure that
Soaring fees at Panama Canal have LNG Shippers taking long route
NEW YORK : Liquefied Natural Gas shippers increasingly are opting to travel up to two weeks longer and almost 6,000 nautical miles further to bypass the Panama Canal as transporters of other fuel pay nearly $4 million to jump