Engineering goods export to Russia hits record high as Ukraine war enters its third year
NEW DELHI : India’s export of machines, auto parts, steel and aluminum products, internal combustion (IC) engines, pumps and other items to Russia are on the rise, with outbound shipments in the ‘engineering goods’
Disruptions in Red Sea route likely to raise freight and forwarding cost by 25-30%
NEW DELHI : Sustained disruptions in the Red Sea route is likely to raise the freight and forwarding (F&F) cost by 25-30% for corporates largely dealing in international trade, a report by credit ratings agency Ind-Ra
After five months of pause due to the Israel-Gaza war, government hopes to move on the IMEEC
NEW DELHI : After months of a pause on the India-Middle East-Europe Economic Corridor (IMEEC) that was launched during the G-20 summit in September 2023 but stalled due to the Israel-Hamas conflict, the government
India may start LNG supplies to Sri Lanka by 2025-end
NEW DELHI : India is likely to start supplying liquefied natural gas (LNG) to Sri Lanka by the end of next year and will eventually establish an offshore regasification terminal at the Colombo Port.
MoPSW announces developing of 14 new National Waterways
NEW DELHI : Ministry of Ports, Shipping and Waterways of India approved 14 new National Waterways in addition to development of five National Waterways (NWs) (NW-1 to NW-5), -Government of India in the States of Kerala, Andhra Pradesh,
Inter-ministerial panel on Red Sea Crisis to meet Today
NEW DELHI : The high-level inter-ministerial group on the Red Sea Crisis, chaired by Commerce Secretary Sunil Barthwal, will meet onThursday amid shipment delays and increase in cargo transport costs. This is the second meeting of the group that has
Red Sea crisis bites deep for Egypt as Suez Canal fees plummet
CAIRO : Suez Canal toll fees have taken a dive as ships redirect around the Cape of Good Hope, but the diversions have had a mixed impact on freight markets. An analysis from Veson
Port of Antwerp-Bruges seeks innovative solutions for sustainable PFAS water treatment
ANTWERP : During infrastructure projects in the Antwerp Port area including soil excavation, significant amounts of PFAS-contaminated drainage water are released. This water, comprising contaminated groundwater and brackish Scheldt and dock water, undergoes purification