January 10, 2024
May 24, 2026
January 10, 2024
Red Sea Crisis: Shipping rates from Mundra to US, Europe skyrocket
MUMBAI : The Container Shipping Lines Association, (CSLA) a significant group of foreign container shipping lines in India, currently comprising 24 members, has raised an alarm about a substantial increase in freight rates on
January 10, 2024
OOCL revenues plunge in 2023, amid solid container growth
HONG KONG : COSCO-owned Orient Overseas Container Line (OOCL) has seen a huge 49% decrease in its fourth quarter revenues, compared to 2022 Q4, reporting US$1.62 billion. In the same period, OOCL’s total liftings
January 10, 2024
Over 10 warships sent to deter pirates of the Arabian Sea
NEW DELHI : India has deployed over 10 warships with marine commandos in the Arabian Sea and Gulf of Aden, showing its naval presence to deter piracy and drone strikes. The Indian Navy is
January 9, 2024
PM Modi to inaugurate VGGS Global Trade Show Today
GANDHINAGAR : Prime Minister Shri Narendra Modi arrived in Ahmedabad on Monday to inaugurate 10th edition of Vibrant Gujarat Global Summit 2024 at Mahatma Mandir, Gandhinagar. Today the Prime Minister will arrive at Mahatma
January 9, 2024
India’s First Inland Waterways Development Council commits Rs 45,000 crore for development of River Cruise Tourism
KOLKATA : The maiden edition of Inland Waterways Development Council (IWDC) in Kolkata culminated with many firsts in an effort to ramp up capacity and augment viability of inland waterways of the country. The
January 9, 2024
PSA Mumbai celebrating a historic milestone achievement, surpasses 2 million TEUs mark in 2023
MUMBAI : PSA Mumbai, located in Jawaharlal Nehru Port (JNP) in Maharashtra, one of the leading container terminals in India, is proud to announce that it handled over 2 million TEUs in 2023. The
January 9, 2024
Adani Group to invest Rs 42,768 Crore in Tamil Nadu
CHENNAI : The multi-business Adani Group has decided to invest a whopping Rs 42,768 crore in Tamil Nadu in renewable energy, cement manufacturing, data centre, city gas distribution and generate 10,300 employment opportunities. The
January 9, 2024
India’s exports may take a $30 billion hit on Red Sea threats
NEW DELHI : India may see around $30 billion shaved off its total exports in the current fiscal year, as threats to cargo vessels in the Red Sea lead to a surge in container shipping rates and prompt exporters to
January 9, 2024