New container line starts operations in Saudi Arabia
RIYADH : A new shipping company has started operations in Saudi Arabia, called Folk Maritime, offering feeder vessel services and short-sea transportation solutions. Mr. Poul Hestbaek is the first Chief Executive Officer (CEO) of
Red Sea crisis hurt global trade volumes: WTO DG
ABU DHABI : The crisis in the Red Sea, one of the world’s busiest trade corridors, hit global merchandise trade volumes in 2023, according to Ngozi Okonjo-Iweala, Director-General, World Trade Organization (WTO). These disruptions,
Shipping containers to post two consecutive years of decline: Drewry
LONDON : The global pool of shipping containers is expected to contract in both 2023 and 2024, according to Drewry’s latest report on the container equipment market. “While stubbornly high levels of inflation in
Indian security and anti-narcotics agencies seized 3,300 kg of drugs off Gujarat coast
NEW DELHI : Indian security and anti-narcotics agencies on Wednesday said they have seized 3,300 kg of drugs in the highest-ever offshore capture till date and arrested five foreigners from a dhow in the
FMC adds Chinese Shipping Company to Controlled Carrier list
WASHINGTON D.C. : The Federal Maritime Commission, the independent federal agency responsible for ensuring a competitive and reliable international ocean transportation system, has designated Hede (HONGKONG) International Shipping Limited, a company associated with the government
PM Modi to unveil game-changing projects worth more than Rs.17,000 Crore at Tuticorin today
CHENNAI : The Union Minister for the Ministry of Ports, Shipping, and Waterways, Shri Sarbananda Sonowal, briefed the press here in the presence of Shri Shantanu Thakur, Minister of State for Ports, Shipping, and
Piyush Goyal launches Bharat Startup Ecosystem Registry and website with logo of Startup Mahakumbh
NEW DELHI : Union Minister of Commerce and Industry, Consumer Affairs, Food & Public Distribution and Textiles, Shri Piyush Goyal said that Startup Mahakumbh is reflective of the India growth story. While delivering the
Focus on international markets to push textile industry to be more competitive : Piyush Goyal
NEW DELHI : The Union Minister for Textiles, Consumer Affairs, Food and Public Distribution, and Commerce & Industry, Shri Piyush Goyal during his address at the CITI Textile Sustainability Awards 2024 said that the