Panama sets record in newbuilding ship registration
PANAMA CITY : Panama has reached a historic milestone, registering 358 newly built ships to date, representing over 8.5 million Gross Tonnage (GT). This achievement reaffirms Panama’s status as the world leader in ship
Baltic index slips to near three-week low as larger vessel rates dip
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to a near three-week low on Wednesday, pulled down by weaker capesize and panamax
Goa CM Pramod Sawant met Sarbananda Sonowal for boosting trade of Mormugao Port
NEW DELHI : Chief Minister Shri Pramod Sawant emphasized the importance of increasing imports and exports at the Mormugao Port Authority (MPA) during his meeting with Union Shipping Minister Shri Sarbananda Sonowal in New
No money given to Adani so far for Sri Lankan port project, says US development agency
MUMBAI ; The US International Development Finance Corporation (DFC), which last year committed a half-a-billion-dollar loan to the Adani Group for developing a port in Sri Lanka, has not yet disbursed any money to
APM Terminals Pipavav signs 25-yr pact with CleanMax to source power
PIPAVAV : APM Terminals Pipavav (Gujarat Pipavav Port Ltd), has announced a partnership with CleanMax, one of Asia’s leading renewable energy provider for the Commercial and Industrial (C&I) sector and a Brookfield backed company.
JM Baxi is recognized as the “fastest growing” and only Indian company to be ranked in the IC Transport 50 list
MUMBAI : J M Baxi has been ranked 22nd in the IC Transport 50 list for 2024, which showcases the world’s leading specialised transport companies. This recognition reflects its commitment to “creating opportunities” for
Allcargo Logistics plans Haryana Logistics Park
MUMBAI : Allcargo Terminals, a Mumbai-based logistics company, plans to invest Rs 115 crore in developing a multimodal logistics park in Farrukhnagar, Haryana. This initiative is part of a larger Rs 500 crore fundraising
Fin-Min highlights export hurdles amid weakening demand in developed nations
NEW DELHI : India’s export recovery may face challenges due to softening demand in developed markets, the Ministry of Finance stated in its monthly report on Monday. Merchandise exports registered moderate growth during the