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February 20, 2024

Shipbuilding order placed for world’s first ammonia-powered containership

Container, International Shipping, Ship Building, Trending News
QINGDAO : CMB.TECH revealed the order on February 14, stating that the 1,400 TEU ice-class containership will be built at Qingdao Yangfan Shipbuilding in China. Expected to be delivered by mid-2026, Yara Eyde will
February 20, 2024

Qatar to announce more LNG deals with European, Asian buyers

LNG, Trade, Trending News
QATAR : Qatar will announce additional contracts to sell gas from a major expansion project to buyers in Europe and Asia, according to Saad Al-Kaabi, the country’s Energy Minister and Head of its main
February 19, 2024

Prime Minister to perform Bhoomi Pujan at Vadhavan Port this month

Ports, Trade, Trending News
PALGHAR : Prime Minister Narendra Modi will perform Bhoomi Pujan for the proposed Vadhavan Port in February. Wadhwan (also spelled Vadhavan) is located in the Dahanu tehsil of Palghar district along the Arabian Sea,
February 19, 2024

Blinken and Jaishankar discuss need to ensure freedom of navigation in Red Sea : US

International Shipping, Global Trade, Trade, Trending News
MUNICH : Secretary of State Antony Blinken during his meeting with External Affairs Minister Shri S Jaishankar in Germany discussed the need to ensure freedom of navigation in the Red Sea, highlighting how the
February 19, 2024

January exports rise by 3%, despite Red Sea crisis; Trade deficit narrows marginally: FIEO

EXPORT, Business, COMMERCE, Global Trade, Logistics, Trade, Trending News
NEW DELHI : Responding to January, 2024 trade data especially exports which rose by 3 percent US$ 36.92 billion, Mr Israr Ahmed, President (Officiate), FIEO said that the increase in exports despite the Red Sea
February 19, 2024

Greenlight for Rs 76,000 Crore Mega Container Port in Vadhavan as project receives Environmental Clearance

Maritime, Infrastructure, Ports, Trending News
MUMBAI : The path is now clear for the Vadhavan port as it has secured environmental clearance from the Ministry of Environment, Forest and Climate Change (MoEFCC). It is worth noting that just last
February 19, 2024

India looking for Port investment deals with global shipping power Greece

Defence, Maritime, Ports, Shipping, Trending News
NEW DELHI : India and Greece are looking to deepen cooperation in Defence and Shipping, after raising their bilateral relationship to the level of a strategic partnership, according to sources. The two sides are
February 19, 2024

India’s pulses demand to grow exponentially as economy set to reach $5 tonnes : DGFT

DGFT, Business, Import, Logistics, Trade, Trending News
NEW DELHI : As India imports over 3 million tonnes (mt) of pulses annually even as production has jumped substantially, the Government sees the gap between demand and supply continuing. This is even as
February 19, 2024

APEDA catapults agricultural exports from modest $0.6 billion to $26.7 billion in FY 2022-23

EXPORT, Business, COMMERCE, Trade, Trending News
NEW DELHI : The Agricultural and Processed Food Products Export Development Authority (APEDA) has achieved a feat by significantly elevating India’s agricultural exports from a humble USD 0.6 billion in the fiscal year 1987-88 to an
February 19, 2024

CBI lens on export ‘scam’ at Maharashtra’s Nhava Sheva

Customs, Business, EXPORT, Trade, Trending News
MUMBAI : A multi-crore rupee fraud of bogus exports that appears to have made a mockery of the Central government’s export benefit scheme has been caught by the Central Bureau of Investigation, which is
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