SEOUL : Harim Group’s consortium was named as the preferred bidder for debt-ridden container ship company HMM, leaving concerns about how it would fund the acquisition worth 6.4 trillion won ($4.9 billion), industry sources
LONDON : IMO Secretary-General Kitack Lim said :”I condemn attacks against international shipping in the Red Sea area and I reiterate the strong commitment of the IMO to protect seafarers, ships, and cargoes, which
LONDON : A commercial vessel hijacked by unknown assailants remains off the coast of Somalia raising fears of further instability for global shipping as attacks escalate in the Red Sea, maritime security sources said on Monday.
BRUSSELS : 89th Policy Commission, the World Customs Organization (WCO) and the General Administration of Customs of the People’s Republic of China (GACC) signed a Cooperation Agreement, marking the start of the Smart Customs
VARANASI : The Prime Minister, Shri Narendra Modi laid the foundation stone and dedicated to the nation multiple development projects worth over Rs 19,150 crores in Varanasi, Uttar Pradesh on Monday. The projects include
NEW DELHI : Union Commerce Minister Shri Piyush Goyal and his Oman counterpart Qais Bin Mohammed Al Yousef discussed bilateral trade, investment and the possibility of rupee trade between the two countries, on the
MUMBAI : In a significant economic boost, the recent electronic auction conducted by the Jawaharlal Nehru Port Authority (JNPA) has resulted in an impressive revenue of Rs 426 crore. The funds were generated through
AHMEDABAD : Adani Ports and Special Economic Zone Ltd (APSEZ), the largest transport utility in India, has entered into a second strategic partnership with Terminal Investment Limited (TiL), the container terminal operating and investing
NEW DELHI : Union Minister Shri Nitin Gadkari has once again asserted he will not allow driverless cars in India, saying that if autonomous vehicles are brought to the country, ‘up to 80 lakh
GANDHINAGAR : The Gujarat government on Sunday signed ten memoranda of understanding (MoUs) with intention to invest Rs 770 crore for the development of tourism in the state, including establishing a four-star resort and