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June 10, 2024

U.S. trade gap widens to largest in 18 months

Export - Import, Trade, Trending News
WASHINGTON : The U.S. trade deficit expanded slightly less than analysts expected in April, to the widest since late 2022, as imports rose more quickly than exports, according to government data released Thursday. The
June 10, 2024

Cargo-ship catches fire after hit by missile off Yemen: UK Maritime Agency

Maritime, International Shipping, Trade, Trending News
Cairo : The British security firm Ambrey said on Sunday an Antigua and Barbuda-flagged general cargo ship was struck by a missile 83 nautical miles southeast of Yemen’s Aden and caught fire before it was
June 10, 2024

US and UK air strikes hit Yemen, Houthi-run TV reports

International Shipping, Maritime, Trending News
YEMEN : The United States and United Kingdom have carried out six air strikes against targets in Yemen, a Houthi-run television station reports, as the Yemeni group targets shipping lanes in the Red Sea.
June 8, 2024

DGS under the MoPSW successfully concluded a full-day workshop on “Strategic Engagement of India with IMO”

Maritime, Ports, Shipping, Trending News, waterways
MUMBAI : Directorate General of Shipping, under the Ministry of Ports, Shipping, and Waterways, successfully concluded a full-day workshop on “Strategic Engagement of India with IMO“. The event, held on Friday 7th June, at
June 8, 2024

Adani Ports wins O&M contract for 5 years at SMP Kolkata

Ports, Company, Finance, Trade, Trending News
AHMEDABAD : Adani Ports and Special Economic Zone Ltd. (APSEZ) announced that it has received the letter of intent (LOI) for the operation and maintenance (O&M) of the container facility at the Syama Prasad
June 8, 2024

PPA Deputy Chairman participated in a panel discussion on Port Technology & Innovation

Ports, Maritime, Shipping, Technology, Trending News
MUMBAI : Mr. Nilabhra Dasgupta IRS, Dy. Chairman of Paradip Port Authority(PPA), participated in a Panel discussion on Port Technology & Innovation: Driving Efficiency and Transforming Maritime Operations at the India Ports Conference 2024
June 8, 2024

BRICS members need to strengthen transport connectivity to grow trade : Vijay Kalantri

Logistics, Associationn, Economy, Global Trade, Trade, Transport, Trending News
ST. PETERSBURG : India, Russia, Iran and other BRICS member countries need to collaborate in order to strengthen logistics and transport connectivity to reduce cost and time consumed in cross-border trade, said Dr Vijay
June 8, 2024

MSME 45-day payment rule : Traders to urge new NDA govt for up to 180-day time limit

EXPORT, Economy, Finance, Global Trade, Trade, Trending News
NEW DELHI : Traders’ body Federation of All India Vyapar Mandal (FAIVM) will urge the new NDA Government to extend the time period for payment to MSMEs from their buyers to up to 180 days
June 8, 2024

Great Eastern contracts to buy a 2013-built MR product tanker

Tanker, Shipping, Trending News
MUMBAI : Great Eastern Shipping Company has contracted to buy a Medium Range product tanker of about 49,990 dwt on 06 June 2024. The 2013 built vessel is expected to join the Company’s fleet
June 8, 2024

GRSE signs $16.6 million contract to supply an advanced dredger to Bangladesh

Ship Building, Shipmanagement, Shipyards, Trending News, waterways
KOLKATA : Garden Reach Shipbuilders & Engineers Limited (GRSE) has signed a significant contract with the Bangladesh Inland Waterways Transport Authority (BIWTA), to build a Trailing Suction Hopper Dredger for the government of Bangladesh.
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