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June 5, 2025

Piyush Goyal commences official visit to Italy to deepen Bilateral Economic Cooperation

Trade, COMMERCE, Economy, Global Trade, Trending News
PARIS : Union Minister of Commerce and Industry, Shri Piyush Goyal, commenced his official visit to Italy on Wednesday. The two-day visit is scheduled for June 4–5, 2025, following the conclusion of his engagements
June 5, 2025

World’s largest container ship drifts off Vizhinjam Port due to congestion

International Shipping, Global Trade, Ports, Trending News
THIRUVANANTHPURAM : The world’s biggest container vessel, MSC Irina, has arrived at the outer anchorage of Vizhinjam International Seaport, marking its first-ever call to a South Asian Port. The ship is operated by the
June 5, 2025

As India holds the line on dairy and agriculture, an EU FTA deal may finally be in sight

Export - Import, COMMERCE, Global Trade, Trade, Trending News
NEW DELHI : India and the European Union are moving closer to a long-awaited trade deal that could finally be clinched by the end of the year, according to Britain’s Financial Times — buoyed
June 5, 2025

India-US Trade deal expected soon

Trade, COMMERCE, Economy, Global Trade, Trending News
WASHINGTON : US Commerce Secretary Howard Lutnick said a trade deal between India and the US could happen in the “not too distant future” because “we found a place that really works for both
June 5, 2025

Donald Trump hikes steel, aluminium tariffs to 50% from 25% but skips UK; how India will be impacted

Maritime, Economy, Export - Import, Finance, Global Trade, Trade, Trending News
WASHINGTON : US President Donald Trump signed a proclamation on Tuesday doubling the tariffs for steel and aluminium to 50 per cent from the earlier 25 per cent. However, the UK will be exempt
June 5, 2025

India appeals WTO for extra US tariffs on auto parts

Import, Economy, Global Trade, Trade, Trending News
NEW DELHI : India on Tuesday moved the World Trade Organisation (WTO) against 25% additional duties imposed by the US on imports of automobiles and auto parts. New Delhi’s move to seek “consultations” at
June 5, 2025

A.P. Moller – Maersk сompletes delivery of first series of large dual-fuel methanol container vessels with Axel Maersk

International Shipping, Ship Building, Shipping Line, Shipyards, Trending News
SEOUL : A.P. Moller – Maersk has received delivery of Axel Maersk, marking the completion of the world’s first series of large dual-fuel methanol container vessels, according to the company’s release. The delivery ceremony
June 5, 2025

Ocean Network Express and Hamburg Port Authority sign agreement to supply container ships with shore power

International Shipping, Global Trade, Logistics, Ports, Transport, Trending News
MUNICH/HAMBURG : Takahiro Kikuchi, Managing Director of Ocean Network Express (Europe) Ltd. (ONE), and Dr. Melanie Leonhard, Hamburg’s Senator for Economic Affairs, Friedrich Stuhrmann, Chief Commercial Officer (CCO) of the Hamburg Port Authority (HPA) signed
June 5, 2025

Cargo ship with 22 onboard catches fire off Alaska Coast; US Coast Guard responds, says ‘no one injured’

Coastal Cargo, Coastal Shipping, Finance, Global Trade, Maritime, Trade, Trending News
ALASKA : On Wednesday, the US Coast Guard responded to a fire on board a 600 foot (183 m) cargo ship containing 22 people near Alaska, stating that no injuries had been reported. The
June 5, 2025

Burning cargo ship carrying 3,000 vehicles abandoned off Alaska

Maritime, Coastal Shipping, Shipping, Shipping Line, Trending News
ALASKA : The crew of a cargo ship carrying around 3,000 vehicles, including 800 electric vehicles, abandoned it off the Coast of Alaska after a fire broke out onboard, its operator Zodiac Maritime said
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