CWIT first phase likely to be operational by Dec 2024 : Karan Adani
COLOMBO : The first phase of Colombo West International Terminal (CWIT) is likely to be operational by December 2024, Adani Ports and Special Economic Zone (APSEZ) Whole Time Director and CEO Mr. Karan Adani
Visakhapatnam Port achieves record 50 MMT cargo handling volume in just 228 days
VISAKHAPATNAM : Visakhapatnam Port Authority (VPA) on Wednesday said it has set a record by handling 50 Million Metric Tonnes (MMT) of cargo handling in just 228 days in FY24. The port surpassed its
IFSCA seeks nod to permit foreign flag ships to operate from GIFT City
GANDHINAGAR : The International Financial Services Centres Authority (IFSCA) has sought the intervention of the Directorate General of Shipping (D G Shipping) to permit foreign flag ships to operate from the GIFT City, Gujarat
India signs deals to export 500,000 tons of new season Basmati Rice
NEW DELHI : India has signed contracts to export about 500,000 metric tons of new season basmati rice to cash in on robust demand from top buyers in Europe and the Middle East, traders said on Wednesday. India annually exports more
Thailand pitches $28 Billion game-changing Sea Route to link Asia-Pacific with India and Middle East
BANGKOK : Thailand is proposing a groundbreaking multibillion-dollar initiative aimed at significantly reducing shipping times between the Indian and Pacific oceans by circumventing the Malacca Strait, one of the world’s busiest sea routes. Prime
Panama’s drying canal menaces global fuel markets
PANAMA CITY : A vital conduit of global trade is running dry. The Panama Canal is being hobbled by a lack of rainfall, which has dried up a key lake that supplies the artery.
Rupee jumps 24 Paise against US Dollar
NEW DELHI : The Rupee appreciated 24 Paise to close at 83.09 against the US Dollar on Wednesday as the American currency retreated from its elevated levels after the US inflation came lower than
Afghanistan urges Pakistan to release 1,000s of containers from Karachi port
ISLAMABAD : Afghanistan urged Pakistan on Tuesday to release thousands of containers of imports it said were stuck at Karachi Port since Islamabad clamped down on transnational cargo. Pakistan authorities say they have lost