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February 9, 2024

Shipping Number of the Week : Container market grows a modest 0.2% y/y in 2023 as the fleet swells

Container, EXPORT, International Shipping, Trending News
LONDON : “In 2023, the container market grew 0.2% year-on-year, ending at 173.8 million TEU. Compared to 2019, before the COVID pandemic hit, the market grew 1.5%. Container market growth has lagged behind overall
February 8, 2024

India is offering opportunities for $67 billion investment as we move from 6% to 15% of natural gas share in our energy mix : PM Modi

Infrastructure, Trade, Trending News
GOA : Prime Minister Shri Narendra Modi inaugurated the second edition of India Energy Week 2024 here. He emphasised India’s commitment to unprecedented levels of investment in the energy sector while addressing the gathering
February 8, 2024

Improvement in Performance of Indian Ports : MoPSW

Ports, Shipping, Trending News
NEW DELHI : The Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal informed in a written reply to the Rajya Sabha that, the Government has taken various steps to improve the operational performance
February 8, 2024

MoPSW announces developing of 14 new National Waterways

Maritime, Trending News, waterways
NEW DELHI : Ministry of Ports, Shipping and Waterways of India approved 14 new National Waterways in addition to development of five National Waterways (NWs) (NW-1 to NW-5), -Government of India in the States of Kerala, Andhra Pradesh,
February 8, 2024

Some amount of trade with Pakistan conducted through air, sea routes : Anupriya Patel

COMMERCE, Global Trade, Trending News
NEW DELHI : The Government of India said that some level of trade with Pakistan persists through air and sea routes, although Pakistan has unilaterally ceased all business through land borders. Smt Anupriya Patel,
February 8, 2024

Indian Govt is looking for dealing with EU countries that could draw $100 billion investment

Business, Global Trade, Trending News
NEW DELHI : India is about to finalise a first-of-its-kind trade deal that could see a small group of European nations invest as much as $100 billion over 15 years in exchange for easier
February 8, 2024

Inter-ministerial panel on Red Sea Crisis to meet Today

Maritime, COMMERCE, Shipping, Trade, Trending News
NEW DELHI : The high-level inter-ministerial group on the Red Sea Crisis, chaired by Commerce Secretary Sunil Barthwal, will meet onThursday amid shipment delays and increase in cargo transport costs. This is the second meeting of the group that has
February 8, 2024

APM Terminals Pipavav sets new record for vehicle handling by Rail

Ports, Container Terminal, Railway, Trending News
PIPAVAV : GPPL has further lifted the standard of responsibility and reliability by setting an inward auto rake record at the port. In January, the port unloaded 26 auto NMG [Newly
February 8, 2024

India ranks 38 on World Bank’s Logistics Performance Index Report 2023

Trade, Trending News
NEW DELHI : Union Minister of State for Commerce and Industry, Shri Som Parkash informed in a written reply in the Lok Sabha that, India has been ranked 38 out of 139 countries according
February 8, 2024

Red Sea crisis bites deep for Egypt as Suez Canal fees plummet

International Shipping, Maritime, Trending News
CAIRO : Suez Canal toll fees have taken a dive as ships redirect around the Cape of Good Hope, but the diversions have had a mixed impact on freight markets. An analysis from Veson
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