AD Ports Group and RSPA sign Definitive Concession Agreement to Develop and Operate Multipurpose Terminal in Safaga Port
CAIRO : AD Ports Group a leading facilitator of global trade, logistics, and industry, has today announced that it has signed a definitive concession agreement with the Red Sea Ports Authority (“RSPA”) for the
DP World promises ₹24,000 crore investments for Gujarat
GANDHINAGAR : Dubai-based DP World has promised to invest ₹24,000 crore in Gujarat for developing various logistic facilities in the state including a proposal to build a port at Nargol in South Gujarat. The
Maersk schedules dozens of vessels to travel via Suez Canal
COPENHAGEN : Maersk has scheduled several dozen container vessels to travel via the Suez Canal and the Red Sea in the coming days and weeks, it said on Wednesday, in a further sign that
Red Sea Crisis : Shipping industry association warns rerouting may spike costs by 80%
MUMBAI : The rerouting of ships to Europe via the Cape of Good Hope due to ongoing attacks on containers in the Red Sea could lead to an increase of up to 80% in
Indian Navy centre’s report highlights maritime security threat from drone attacks in Indian Ocean region
NEW DELHI : In its November 2023 monthly report, the Indian Navy’s Information Fusion Centre – Indian Ocean Region (IFC-IOR) emphasised the increasing peril of drone attacks in the Red Sea and Northern Arabian
Uttarakhand Merchant Navy Sailor goes missing from ship En Route to Turkey
DEHRADUN : The family of a merchant navy sailor has sought the Uttarakhand government’s help after he went ‘missing’ from onboard a ship En Route to a Port in Turkey. The wife of Ankit
Basmati prices have fallen as a restive Red Sea hurts exports
NEW DELHI : Exports of Basmati Rice have fallen due to militant attacks against merchant ships in the Red Sea, leading to 5-10% fall in basmati prices in the domestic market, exporters said. Leading shipping lines’ decision
Hambantota Port receives over 6,000 tourists in 2 months
COLOMBO : Sri Lanka’s Hambantota International Port (HIP) said on Thursday that it received over 6,000 tourists in November and December this year. They were passengers arriving on five cruise liners that called at