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January 25, 2024

Indo-Bangladesh connectivity via Tripura’s Maitri Setu likely to begin in Feb: LPAI Chairman

International Shipping, Maritime, Ports, Trending News
AGARTALA : Almost three years after its inauguration, India-Bangladesh Friendship Bridge -Maitri Setu over River Feni in Sabroom of South Tripura, the access point of Northeastern states to Chittagong seaport is set to be
January 25, 2024

Government allows direct listing of securities by public Indian companies on International Exchanges of GIFT IFSC

Trade, COMMERCE, Economy, Global Trade, Trending News
NEW DELHI : In pursuance of the announcement on July 28, 2023 by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman to enable direct listing of Indian Companies at GIFT- IFSC exchanges
January 25, 2024

Mazagon Dock shipbuilders bags Rs 1,070-Crore contract from Defence Ministry

Ship Building, Defence, Trending News
MUMBAI : Mazagon Dock Shipbuilders Ltd. has signed a contract with the Ministry of Defence, which will buy 14 Fast Patrol Vessels for the Indian Coast Guard. The FPVs, at a contract value of
January 25, 2024

DGFT calls for e-commerce boost to transform India into a global leader in gold jewellery exports

Trade, Business, COMMERCE, EXPORT, Global Trade, Trending News
NEW DELHI : The Directorate General of Foreign Trade (DGFT) has urged the Gem & Jewellery Export Promotion Council to popularise jewellery exports through e-commerce and to position India as a top supplier, design
January 25, 2024

Apparel exporters seek tax incentives in Budget 2024 to boost manufacturing

EXPORT, Trade, Trending News
NEW DELHI : In order to increase domestic manufacturing and India’s outward shipments, Apparel Export Promotion Council (AEPC), on Wednesday called for tax advantages like uniformity in GST and more interest subsidies. Tax breaks
January 25, 2024

Global trade disrupted as Red Sea crisis raise economic concerns

International Shipping, Trade, Trending News
NEW YORK : The greatest disruption to global trade in decades has resulted from two months of missile, drone, and hijacking attacks against civilian ships in the Red Sea, driving up costs for shippers
January 25, 2024

Container rate surge slows as Chinese New Year approaches

Export - Import, International Shipping, Logistics, Shipping Line, Trade, Trending News
SINGAPORE : Container rate levels are seeing the expected levelling out prior to Chinese New Year as the initial shock of the Red Sea crisis wanes and new vessels are deployed to meet the
January 25, 2024

DHL Global Forwarding Asia Pacific earns Top Employer status for the fifth consecutive year

International Shipping, Company, Logistics, Trade, Trending News
SINGAPORE : DHL Global Forwarding, the freight specialist of DHL Group, has been certified as Top Employer in Asia Pacific for the fifth year in a row. Eight countries in Asia Pacific, Bangladesh, India,
January 25, 2024

2 ships with US Defence cargo attacked off Yemen; Qatar says gas shipping affected

Maritime, Defence, International Shipping, Trending News
YEMEN : Two American-flagged ships carrying cargo for the US Defence and state departments came under attack by Yemen’s Houthi rebels on Wednesday, officials said, with the US navy intercepting some of the incoming
January 25, 2024

ABB to acquire weather routing business to expand marine software portfolio

International Shipping, Maritime, Technology, Trending News
ZURICH : ABB announced it has entered into an agreement to acquire the shipping business of DTN Europe BV and DTN Philippines Inc. (hereinafter DTN Shipping), expanding the company’s offering in maritime software. This will
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