Yang Ming’s first quarter profit exceeds US$110 million
TAIWAN : Yang Ming reported first quarter revenues of US$1.22 billion and net profit of US$112 million with earnings per share (EPS) of NT$0.97. According to the Taiwanese
Cochin Port has bagged the Sagar Shreshtha Sammaan Award 2023
KOCHI : The Ministry of Ports, Shipping and Waterways honoured the Cochin Port Authority (CPA) with the Sagar Shreshtha Sammaan for the best turnaround time in non-container category during 2022-23. Minister for
IMU Visakhapatnam likely to get two dredger simulators with Rs. 20 cr
VISAKHAPATNAM : Indian Maritime University-Visakhapatnam, Dredging Corporation of India, and Sagarmala are likely to float a special purpose vehicle to install two dredger simulators at IMU campus in
Great Eastern Shipping net profit up 282 % at Rs721.94 cr for Jan-Mar quarter
MUMBAI : The Great Eastern Shipping Co Ltd, India’s biggest private ocean carrier by fleet size and revenues, said its January-March 2023 net profit soared 282 percent to
JSW Infrastructure to invest Rs 152 Cr to increase container capacity at NMPT
MUMBAI : JSW Infrastructure will invest Rs 152 crore for the expansion of its container capacity at New Mangalore Port Trust, according to sources. In June 2022, the
Cisco to set up India manufacturing unit; eyes $1bn from production, exports
NEW DELHI : Cisco, the US-based tech conglomerate, on Wednesday said it will set up a manufacturing plant in India, work on which is expected to be completed
Netherlands emerges as India’s 3rd largest export destination
NEW DELHI : The Netherlands has emerged as India’s third largest exports destination after the US and UAE during 2022-23, showed commerce ministry’s data on Sunday. This can be attributed to
The new foreign trade policy is a watershed moment for MSMEs
NEW DELHI : The newly launched Foreign Trade Policy (FTP) by the Directorate General of Foreign Trade (DGFT) is the most significant one yet. While multiple factors such
NCB & Indian Navy catches narcotics carrying ‘mothership’ in Indian Ocean, seizes 2,500 kg
NEW DELHI : In one of the “largest seizures of narcotics” till date, the Narcotics Control Bureau (NCB) Friday impounded around 2,500 kg of high-purity methamphetamine worth about
Baltic index logs worst day in three weeks on lower vessel rates
LONDON : The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell the most in three weeks on last Thursday, pressured