African Development Fund grants the Union of the Comoros $135 million to develop its ports and facilitate regional trade
ABIDJAN : The Board of Directors of the African Development Bank Group has approved a $135 million package to the Union of the Comoros – its largest ever to the Indian Ocean archipelago –
Wallem Group and COSCO enter strategic cooperation agreement
HONG KONG : Wallem Group, a leading global maritime partner, is pleased to announce it has signed a strategic cooperation agreement with COSCO Shipping Seafarer Management Company to enhance the cooperation of both organisations.
NorthStandard’s new digital platforms enhance user experience and streamline access to operational insights
TYNE (UK) : The new NorthStandard website, launched on Monday, delivers an array of digital resources and crucial, real-time operational insights. NorthStandard’s next-generation website lets users quickly access our latest high-quality content, a range
Trans-shipment charges at Vizhinjam lower than at Colombo Port
THIRUVANANTHAPURAM : The charges for bringing in ships and goods to the Vizhinjam International Seaport have been announced. The rates are being determined after evaluating the GRD – Gross Registered Tonnage. The usual charges
India retains eighth position in Global Agricultural Exports
NEW DELHI : In 2023, India continued to be the eighth-largest exporter of agricultural products worldwide. However, India’s agricultural exports dropped from $55 billion in 2022 to $51 billion. This decline happened during a
India boosts Domestic Shipping Industry with Strategic Initiatives
NEW DELHI : In a significant move to bolster India’s maritime sector, the government has implemented a series of measures aimed at enhancing the capacity and competitiveness of Indian shipping lines. These initiatives are
Wärtsilä to transfer its manufacturing site in Trieste, Italy to shipping company MSC
VAASA: In July 2022, technology group Wärtsilä announced a plan to ramp down manufacturing in Trieste and to centralise its 4-stroke engine manufacturing in Europe to Vaasa, Finland. The production activities in Trieste have
Missile attack by Yemen’s Houthi rebels hits container ship in 2 weeks
DUBAI : A missile attack by Yemen’s Houthi rebels struck a Liberian-flagged container ship traveling through the Gulf of Aden, authorities said Sunday, the first assault by the group since Israeli airstrikes targeted them. The Houthis