Red Sea crisis: Costs up, but no adverse impact on India’s trade so far, says official
MUMBAI : There is no adverse impact on India’s exports and imports so far due to the Red Sea crisis, an official said. The official said that the transportation
Red Sea attacks force firms to test new land routes via UAE, Saudi
CAIRO : An Israeli software startup and one of the world’s biggest shipping lines are among companies that for the first time are opening up commercial trade routes running through
Red Sea attacks: US, UK, allies strike Yemen’s Houthi-controlled areas
WASHINGTON : Militaries from the United States and the United Kingdom conducted additional strikes against the Houthi-controlled areas in Yemen on Saturday, US Defence Secretary Lloyd Austin has
How India is challenging Chinese influence with unprecedented naval might near Red Sea
NEW DELHI : In a clear indication of its expanding global ambitions, India is flexing its naval prowess in international waters with anti-piracy patrols and large-scale deployment of warships close to the Red Sea to
Red Sea attacks force firms to test new land routes via UAE and Saudi Arabia
YEMEN : An Israeli software startup and one of the world’s biggest shipping lines are among companies that for the first time are opening up commercial trade routes
TN Govt inks pact with Hapag-Lloyd for setting up container terminals logistics parks
THOOTHKUDI : The Tamil Nadu Government has secured a commitment from German container shipping company Hapag-Lloyd to invest Rs 2,500 crore for the development of container terminals and
Evergreen Marine and X-Press Feeders sign MOA for launch of Green Shipping Routes in Europe
HAMBURG : Global container shipping line Evergreen Marine Corporation (Evergreen) has signed a memorandum of agreement (MOA) with X-Press Feeders, the world’s largest independent common carrier, to place
New shipping route connecting China and Russia is officially open
BEIJING : With a cargo ship recently departing for Jingjiang Port in east China’s Jiangsu Province after unloading nearly 20,000 tons of Russia-imported coal at Longkou Port in
Dry bulk watches Evergrande liquidation after 16.5% drop in real estate investment : BIMCO
LONDON : “China’s property market is estimated to account for approximately 35% of the country’s steel demand. It is an important driver for economic growth and raw materials
Red Sea Crisis : Surge in Ocean Freight Rates Outpaces COVID-19
OSLO : Houthi attacks on shipping have triggered a sharp rise in ocean freight rates, surpassing the speed of increase experienced during the initial phase of the Covid-19 pandemic, reports