Maritime Cybersecurity : An Emerging Area of Concern for India
NEW DELHI : The ongoing conflict in the Red Sea highlights how vital maritime choke points are for the free movement of global trade. Simultaneously, the situation also emphasizes the emerging non-conventional maritime risks
Petronet draws Rs 40,000 cr investment plan to treble profit by 2028
GOA : PetronetLNG, the operator of the world’s largest liquefied natural gas (LNG) import terminal, will invest Rs 40,000 crore in expanding import capacity and petrochemicals with a target to treble net profit by 2028,
Maersk pilots Shanghai as new global gateway for LCL shipments
COPENHAGEN : Maersk pilots Shanghai as its new global gateway of Less-than-Container-Load (LCL) shipments. The Danish company described this initiative as a “groundbreaking milestone” in the industry for shipments from different nearby countries and
TMS announces Ship Finance and Trade conference line up
DUBAI : The Maritime Standard is to hold a rebranded and revitalised Ship Finance and Trade Conference on February 14th at the Taj Exotica Hotel on the Palm, Dubai. Being staged after a gap
India introduces SOPs for approving new ports to ensure controlled growth in maritime sector
NEW DELHI : India is preparing strict Standard Operating Protocols (SOPs) for approving new ports and ensuring a regulated growth of the maritime sector, a senior government official said. Full capacity utilisation at existing ports will be
Red Sea crisis reflects on India Inc’s Q3 show
NEW DELHI : Indian companies are beginning to report early signs of the Israel-Hamas conflict’s impact on business operations, limited to those with exposures to either commodity supplies or related foreign markets. The rise
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