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January 18, 2024

Product tanker recycling drops 82% year-on-year to lowest on record

Tanker, International Shipping, Trending News
LONDON : “In 2023, only seven product tankers with combined deadweight tonnes (DWT) capacity of 265,000 were recycled. This was a year-on-year drop of 82% compared to 1.5 million DWT (27 product tankers) recycled
January 17, 2024

PM Modi to dedicate key marine projects in Kochi today, projects reviewed by Sarbananda Sonowal on Tuesday

Ship Building, Maritime, Ports, Ship Repair, Shipping, Trending News
KOCHI : Union Minister of Ports, Shipping & Waterways and Ayush, Shri Sarbananda Sonowal reviewed the preparation of the key strategic projects at Cochin Shipyard Limited (CSL) in Kochi, Kerala on Tuesday. It is
January 17, 2024

Union Commerce and Industry Minister Piyush Goyal announces commencement of work on Trade Connect ePlatform

EXPORT, COMMERCE, Economy, Trade, Trending News
NEW DELHI : Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal chaired the second meeting of the reconstituted Board of Trade held at Bharat Mandapam,
January 17, 2024

Startups are playing a pivotal role in India’s journey towards becoming a developed nation by 2047: Piyush Goyal

Trade, COMMERCE, Economy, Trending News
NEW DELHI : Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles, Shri Piyush Goyal said that startups are playing a pivotal role in India’s journey towards becoming a
January 17, 2024

Ship-Min constitutes high-level task force to oversee establishment of Indian Maritime Centre

Maritime, Ports, Shipping, Trending News
NEW DELHI : The Ministry of Ports, Shipping, and Waterways (MoPSW) has constituted a high-level task force to oversee the establishment of the Indian Maritime Centre (IMC), in a bid to build global credibility
January 17, 2024

India’s merchandise exports in December 2023 registered 0.96% growth at USD 38.45 Billion over USD 38.08 Billion in December 2022

EXPORT, Economy, Global Trade, Trade, Trending News
NEW DELHI : India’s overall exports (Merchandise and Services combined) in December 2023* is estimated to be USD 66.33 Billion, exhibiting a negative growth of (-) 4.25 per cent over December 2022. Overall imports
January 17, 2024

India sees December exports boost, but all eyes on Red Sea

EXPORT, Business, COMMERCE, Shipping, Trade, Trending News
NEW DELHI : Higher exports helped India’s merchandise trade deficit come in lower than expected at $19.8 billion in December, data showed on Monday, though officials signalled that the turmoil in the Red Sea
January 17, 2024

India can become $5 trillion economy much before 2028 : Hardeep Singh Puri

Trade, Economy, Global Trade, Trending News
DAVOS : Union Minister Hardeep Singh Puri on Tuesday asserted that India can become a five trillion dollar economy much before 2028 and said the country’s energy transition needs to be done in an
January 17, 2024

Ahead of Budget, here’s what India Inc wants on Customs front

Customs, Economy, Trade, Trending News
NEW DELHI : India awaits Interim Budget 2024 with a sense of overriding national confidence and resilience amidst global headwinds reflected in the Organization for Economic Cooperation and Development (OECD) views projecting India to
January 17, 2024

GIFT City partners with IGX, GSPC for global hydrogen trading mechanism

Trade, Business, Global Trade, Trending News
GANDHINAGAR : In a significant move towards enhancing the green hydrogen economy the International Financial Services Centre (IFSC) at GIFT City has entered into a strategic alliance with the Indian Gas Exchange (IGX) and Gujarat State Petroleum Corporation (GSPC). This collaboration aims
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