MUMBAI : The Ministry of Corporate Affairs, on Thursday, approved the revised demerger plan of Shipping Corporation of India (SCI). Under the revised plan, Rs 1000 crore will be transferred to the non-core assets. The moe will
AHMEDABAD : The Gujarat High Court has asked the Centre and the tax authorities to file responses on petitions challenging the denial of benefits to sugar exporters under the neutralisation scheme. The move pertains to a writ petition
HAIFA : Israel’s strategic Haifa Port will be Adani Ports & SEZ’s (APSEZ) biggest revenue generator outside India, a senior executive said. APSEZ is also building an incubation centre at the port there which will be the biggest
NEW DELHI : The Centre has amended the import policy for raw cashew nuts exempting export-oriented units and processing units operating from the Special Economic Zones (SEZ) from the minimum import price (MIP) norm.
MOSCOW : Russia’s Far Eastern Shipping Company (FESCO) has begun a new direct shipping route between Novorossiysk on Russia’s Black Sea Coast and Mumbai on the West coast of India. The company stated that
LONDON : Leading global marine energy solutions provider and trader KPI OceanConnect, leading container shipping line Pacific International Lines (PIL) and physical marine fuel supplier Bunker One announced today the successful completion of their first live electronic marine fuel inventory
SHENZHEN : CIMC Wetrans, logistics unit of China International Marine Containers (CIMC), has opening up its Asia headquarter in Singapore. The company has been expanding its overseas network in recent years and is able
HAIFA : Israeli box carrier ZIM and Hai An Transport and Stevedoring Joint-stock Company (HATS) have launched Lotus Link, a new joint venture to operate domestic and regional shipping services in Vietnam. ZIM and
SINGAPORE : Bolloré Logistics announces the appointment of new managers to reinforce its Energy and Projects (ExP) team in the Asia Pacific region. Through these appointments which combine high calibre external recruitments and internal
HONG KONG : The Hong Kong Govt has allocated HK$20m ($2.5m) in its 2023 – 24 budget to promote the high-end maritime service industry sector. In his budget speech Hong Kong Financial Secretary Paul