FMC imposes nearly US$1 million fine against Wan Hai
NEW YORK : The Federal Maritime Commission (FMC) has confirmed a fine of US$950,000 against Wan Hai Lines. The Taiwanese box line has also agreed to refund charges
Baltic index snaps 19-session winning streak as larger vessels weigh
LONDON : The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped its 19-session winning streak on Thursday, weighed by weakness in
California and Japan sign agreement for clean ports and green shipping industry
TOKYO : The governments of California and Japan announced a new collaboration aiming to clean up a critical link in the global supply chain by cooperating on strategies
India’s port sector is growing rapidly and contributing to economic progress : PM
NEW DELHI : The Prime Minister, Shri Narendra Modi has lauded the achievements of Tuticorin VOC port a Y-o-Y growth of 11.35%. The Port has handled 36.03 Million
PM Gati Shakti Regional Workshop to be held in Srinagar
NEW DELHI : PM Gati Shakti Regional Workshop is being organised in Srinagar, Jammu & Kashmir on 17th & 18th March, 2023 under the Chairmanship of Special Secretary,
CRISIL predicts India’s GDP growth at 6 pc in FY24
NEW DELHI : CRISIL forecsted it expected India’s gross domestic product (GDP) growth to touch 6 per cent in fiscal 2024, compared with 7 per cent estimated by
PSA Mumbai dismisses congestion, productivity slowdown reports
MUMBAI : PSA Mumbai (BMCT), the new terminal operator at India’s Nhava Sheva Port (JNPT), has denied reports that it is operating at a slower pace, as the
FFFAI celebrates International Women’s Day in Mumbai; emphasises women’s partici
MUMBAI : The Federation of Freight Forwarders Association (FFFAI) celebrated International Women’s Day on 8th March, 2023 at its Headquarter in Mumbai. A good number of the FFFAI
Adani Ports, Mundra has docked its first LNG fueled powered Crude Oil Tanker
MUNDRA : Adani Ports, Mundra has docked its First LNG fueled powered Aframax Crude oil Tanker at its SPM (Single Point Mooring) facility. Korolev Prospect, a Korean build dual-fueled
Ahammad Devarkovil : ₹346 Cr to be handed over to the concessionaire company in March
THIRUVANANTHPURAM : Ports Minister Shri Ahammad Devarkovil has said that the State government will release the funds to be paid to the concessionaire company engaged in the construction