Red Sea route accounts for 50% country’s exports, 30% of imports
NEW DELHI : The impact of the ongoing crisis around the Red Sea shipping route, which accounts for 50 per cent of the country’s exports and 30 per
Red Sea : Houthi attacks put pressure on Cairo
YEMEN : Houthi attacks on international ships in the Red Sea have hit Egypt especially hard. As vessels have begun to avoid the strait between the Arabian Peninsula and northeastern Africa, and
Longer disruptions at Red Sea trade route may hurt auto, electronics production : GTRI
Longer disruptions at the crucial Red Sea trade route may hurt manufacturing lines of some sectors like electronics, automobiles, chemicals, consumer goods and machinery, economic think tank GTRI
Contracts signed for construction of World’s First Ammonia-Fueled Ammonia Gas Carrier
TOKYO : In December 2023, Nippon Yusen Kabushiki Kaisha (NYK), Japan Engine Corporation, IHI Power Systems Co., and Nihon Shipyard Co., Ltd. signed a series of contracts to
Sajjan Jindal-owned JSW forays into defence manufacturing business
MUMBAI : Sajjan Jindal-owned JSW Group on Thursday became the latest conglomerate to enter the defence manufacturing sector space by acquiring a majority stake in Gecko Motors Private
Budget 2024 : Maritime sector seeks more allocation, green Ports to navigate growth
NEW DELHI : The government will present its Interim Budget for 2024-25 on February 1. Mulling the forthcoming elections scheduled between April and May 2024, it is expected
India to export BrahMos supersonic cruise missile system in next 10 days: DRDO chief
NEW DELHI : India is set to initiate the export of ground systems for the BrahMos supersonic cruise missile within the next 10 days, with the missiles themselves expected to
Merchant ship attacked by drone in Gulf of Aden set to dock at Tuticorin
NEW DELHI : A Marshall Islands-flagged merchant vessel, which was attacked by a drone in the Gulf of Aden last week, is set to dock at the Tuticorin
IMO organises ‘Training to support maritime security in the Red Sea Area’
LONDON : Port facility personnel with designated security duties in Djibouti have received training to identify potential security threats and take action to prevent risks to port facilities.
Saudi Red Sea Authority signs two MoUs during STF 2024
RIYADH : Saudi Red Sea Authority (SRSA) signed two MoUs with the Saudi Investment Recycling Company (SIRC) and the National Maritime Academy (NMA), during the third and final