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February 19, 2024

Tamil Nadu to give Cuddalore port to a private developer to operate for 50 years

Ports, Private Port, Trending News
CHENNAI : The Cuddalore port is back in the limelight with the Tamil Nadu government planning to give it to a private developer to operate for nearly 50 years. The port had become defunct
February 19, 2024

IIT-Madras building a world class facility for Ocean Engineering and Maritime Technology

Maritime, Technology, Trending News
CHENNAI : The Indian Institute of Technology-Madras has been silently building a massive Centre of Excellence (CoE) that is driving indigenous development of Maritime Technology and expertise. The researchers behind this project are already
February 19, 2024

Lakshadweep’s maritime potential waits to be tapped

Maritime, Ports, Tourism, Trending News
MANGALURU : Mangaluru, a close neighbor to the pristine Lakshadweep archipelago, is looking to strengthen its historic business ties with the islands. The Old Mangalore Port aims to become the gateway for Lakshadweep’s logistical
February 19, 2024

Bangladesh-India river trade route in Rajshahi opens today

Ports, Inland Waterways, Shipping, Trade, Trending News
DHAKA : The Rajshahi-Murshidabad river route is going to open today aiming at strengthening trade and commerce between Bangladesh and India, the two neighbouring countries. Sultanganj River port under Godagariupazila in the district is
February 19, 2024

Trade balance with Europe moves into deficit in FY24

EXPORT, COMMERCE, Economy, Trade, Trending News
NEW DELHI : India’s trade balance with Europe has moved into negative territory over the first three quarters of FY24, with imports exceeding exports during the period. This is a reversal from FY22 and
February 19, 2024

UPS and National Skill Development Corporation partner to improve technology, logistics, and supply chain management skills among India’s youth

Logistics, Technology, Trending News
CHENNAI : The UPS India Technology Centres and the National Skill Development Corporation (NSDC) have signed a Memorandum of Understanding (MoU) to support skill development for India’s diverse talent pool. The MoU was signed
February 19, 2024

Warship returns from Somalia to Chennai port after anti-piracy operations

Maritime, Defence, Shipping, Trending News
CHENNAI : The warship INS Chennai, which was involved in a recent rescue operation of 15 Indians on board a ship that was hijacked off Somalia cost, arrived at the Chennai Port on Friday. The crew is
February 19, 2024

ONE unveils AP1 Service, enhancing Transpacific Network

International Shipping, Shipping Line, Trending News
SINGAPORE : ONE is pleased to announce the launch of the Asia Pacific 1 (AP1) Service, a new route connecting Asia and the U.S. West Coast. Due to sustained growth of USA import volumes
February 19, 2024

The U.K. and Japan have slumped into recession while the U.S. keeps defying gloomy expectations

Trade, Economy, Global Trade, Trending News
LONDON : As some of the world’s biggest economies stumble into recession, the United States keeps chugging along. Both Japan and the United Kingdom said on Thursday their economies likely weakened during the final three months of 2023.
February 19, 2024

UK-Registered Cargo Ship reported under Attack by Houthis in Bab al-Mandab Strait : Ambrey

International Shipping, Defence, Maritime, Trending News
CAIRO : British maritime security firm Ambrey said on Sunday that a Belize-flagged, UK-registered and Lebanese-operated open hatch general cargo ship reported being under attack in Bab al-Mandab Strait. The United Kingdom Maritime Trade Operations
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