RVNL tastes success with Maldives port project, eyes global footprint
NEW DELHI : In 2022, Rail Vikas Nigam Ltd (RVNL) – a Navratna and construction arm of the Ministry of Railways – was appointed as project implementation agency for the UTF (Uthuru Thila Falhu-Island) Harbour project
Lulu Group to set up logistics, food-processing centre in Amritsar
ABU DHABI : Lulu Group, a renowned Indian-United Arab Emirates (UAE)-based multinational conglomerate company, is set to launch a logistics and food processing centre located in Amritsar, Punjab. The proposed centre, which will span 20 acres
Maldives to soon launch India’s RuPay Service
MALE : RuPay is the first of its global card payment network in India. Meanwhile, Maldives has not announced any date for the launch of the service. Notwithstanding the turbulence in their bilateral ties,
Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells
COPENHAGEN : A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. The beginning of peak shipping season, coupled with the longer transits
Global spot rates soar on Major Asia-Europe and Asia-US trades
LONDON : A combination of factors have combined to send global spot rates reaching for the skies onthe major trades out of Asia to Europe and the US according to Drewry Shipping Consultants’ latest
Improved business activity casts doubt over rate cuts
WASHINGTON/LONDON : Businesses across the globe broadly enjoyed an improved performance this month with activity picking up in the United States and across parts of Asia and Europe, surveys showed on Thursday, giving central
Peak in China’s coal demand in sight as renewables jump 12% : BIMCO
LONDON : Between January and April 2024, China’s electricity generation from renewables surged 12% y/y, significantly outpacing the 6% growth in generation from fossil fuels. While steam coal shipments to China rose 29% y/y,
Indian Govt pursuing customs mutual recognition agreements with nations: CBIC
NEW DELHI : India has signed mutual recognition agreements (MRAs) with customs authorities of seven nations and is actively pursuing negotiations for such pacts with other countries, a top official said. The Central Board