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December 1, 2023

ED searches at 7 premises linked to ABG Shipyard case, seizures worth ₹5 crore

Ship Building, Company, Maritime, Trade, Trending News
NEW DELHI : The Enforcement Directorate on Wednesday said it had carried out searches at seven locations across multiple cities on November 24 in connection with the case of ABG Shipyard, said to be
December 1, 2023

Walmart shifts to India and cuts China imports

Trending News, Business, COMMERCE, EXPORT, Global Trade, Trade
TORONTO : Walmart is importing more goods to the United States from India and reducing its reliance upon China as it looks to cut costs and diversify its supply chain, data seen by Reuters shows.
December 1, 2023

Arsenio Dominguez Velasco confirmed as next IMO Secretary-General

Maritime, Associationn, Global Trade, Trade, Trending News
LONDON : IMO Assembly approves decision of Council to appoint Mr. Dominguez Velasco as Secretary-General with effect from 1 January 2024 Mr. Arsenio Antonio Dominguez Velasco has been confirmed as the next Secretary-General of
December 1, 2023

Global economy will slow down next year : OECD

Trade, Economy, Global Trade, Trending News
WASHINGTON : The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates.The Paris-based Organization for Economic Cooperation
December 1, 2023

India’s Infra output growth quickens to 12.1 % in October

Trade, Infrastructure, Trending News
NEW DELHI : India’s eight key Infrastructure sectors exhibited a growth of 12.1 per cent on an annual basis in October after growing at 9.2 per cent in September, according to the official data
December 1, 2023

Indian Solar Exports Surge by 246% YoY in Q3 2023

EXPORT, COMMERCE, Economy, Trade, Trending News
NEW DELHI : Solar cell and module exports from India surged 246% to $543.8 million (~₹45.5 billion) in the third quarter (Q3) of 2023 from $157 million (~₹12.5 billion) in Q3 2022, according to
December 1, 2023

Maersk reaches settlement over ship that blocked the Suez Canal

International Shipping, Company, Maritime, Shipping Line, Trending News
COPENHAGEN : A.P. Moller-Maersk A/S settled a Danish lawsuit against the companies behind a ship that blocked the Suez Canal in 2021, forcing shipping lines to delay or divert vessels and causing global disruption
December 1, 2023

SeaLead introduces new direct service connecting major Red Sea Ports

International Shipping, Foreign Ports, Trending News
SINGAPORE : SeaLead has announced a new direct shipping service along the Red Sea, connecting major ports in Saudi Arabia, Yemen, and Djibouti. This new service aims to establish uninterrupted trade links and accelerate
December 1, 2023

Bolloré Logistics Singapore received ESG Special Award for FG Recycling Program at Supply Chain Asia Awards 2023 

Logistics, Company, Trade, Trending News
SINGAPORE : In November, Bolloré Logistics Singapore was conferred an ESG Special award at the Supply Chain Asia Awards 2023 for its efforts in sustainable development and its “FG Recycling Program”, a solution that
November 30, 2023

JSW Infra signs pact with Karnataka for Rs 4,119 Crore Keni Port Project

Trade, Infrastructure, Logistics, Maritime, Ports, Private Port, Trending News
MUMBAI : JSW Infrastructure on Wednesday said it has signed an agreement with the Karnataka Government to develop a Rs 4,119 crore greenfield port project in the southern state. The agreement has been signed
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