Manmade fibre textiles exports to rise 75% by 2030 : Textile industry
NEW DELHI : Buoyed by the Production Linked Incentive (PLI) Scheme and free trade agreements with the UAE and Australia, the industry expects India’s exports of manmade fibre (MMF) textiles to increase 75% to $11.4 billion in 2030 from around
India unlikely to meet FY24 Seafood export target of $9.25 billion
NEW DELHI : India is unlikely to meet its seafood export target worth $9.25 billion for FY24. Though there has been a slight improvement in exports in the last couple of months, the overall
Maersk diverting ships away from Red Sea amid safety concerns
COPENHAGEN : Two container vessels operated by AP Moller-Maersk have been diverted from their scheduled routes, the company has said. The deteriorating security situation in the Middle East Gulf and Red Sea region is beginning to
Cargo ships facing Attacks opt to change course
LONDON : Cargo vessels are being warned to be extra vigilant sailing near Yemen and Somalia after a spate of attacks on merchant shipping in the vicinity of Israel’s war in Gaza. On Wednesday the UK
DP World confirms data stolen in cyberattack, no ransomware used
SYDNEY : International logistics giant DP World has confirmed that data was stolen during a cyber attack that disrupted its operations in Australia earlier this month. However, the company says no ransomware payloads or
IAG Cargo open for partnerships with Indian carriers & logistics players
NEW DELHI : Bullish on the growth prospects in India, IAG Cargo is open for partnerships with Indian carriers and logistics players as and when an opportunity comes up, a top official said on
BRICS : UAE to ditch US Dollar in new oil deals
ABU DHABI : The BRICS economic alliance has seemingly prioritized its de-dollarization efforts, leading the United Arab Emirates (UAE) to seemingly prioritize local currency over the US dollar in new oil deals. Indeed, the country is
Despina Panayiotou Theodosiou receives IMO’s Gender Equality Award
LONDON : Ms. Despina Panayiotou Theodosiou former President of the Women’s International Shipping and Trading Association (WISTA International), has been selected as the recipient of the first-ever IMO Gender Equality Award. The IMO Council,
