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April 16, 2025

Gujarat emerges as second-highest textile exporter in India, over the last five years

EXPORT, Global Trade, Trade, Trending News
AHMEDABAD : Gujarat is making a significant resurgence in India’s textile export market. The state has been the nation’s second-largest exporter of textiles in the last five years. In 2023–2024, Tamil Nadu continued to
April 16, 2025

India hopeful of closing bilateral trade pact with the US at the earliest

Trade, Economy, Finance, Global Trade, Trending News
NEW DELHI : India remains hopeful of closing negotiations of the proposed bilateral trade agreement with the US “as quickly as possible” and is stepping up efforts to close free trade agreements with other
April 16, 2025

India braces for higher freight costs and container shortages, with containers stuck in China

EXPORT, Global Trade, Logistics, Trending News
NEW DELHI : Freight costs have risen by double digits as exporters rush to lock down consignments amid uncertainties over reciprocal tariffs by the US. Shipping companies and Indian exporters are also bracing for a potential container
April 16, 2025

Preserving Heritage Skills Recreating History: Indian Register of Shipping lends expertise to India’s Ancient Stitched Ship Project

Maritime, Defence, Shipping, Shipping Line, Trade, Trending News
MUMBAI : In a landmark event, a meticulously reconstructed 5th-century wooden stitched ship was launched into the waters of the Mandovi River in Goa. This endeavour, a collaborative effort between the Ministry of Culture,
April 16, 2025

Indian Railways gears up to run trains at 160 km/h on Ahmedabad–Mumbai Route

Railway, Economy, Finance, Global Trade, Infrastructure, Transport, Trending News
NEW DELHI : Currently, the maximum speed of trains running on the Ahmedabad–Mumbai route is 130 km/h. However, this is set to change soon, as Indian Railways is advancing its infrastructure upgrade work to
April 16, 2025

Jewar’s Multi-Modal Cargo Hub to begin operations alongside Airport launch this year, set to handle 2.5 Lakh tonnes of freight

Cargo, Airports, Global Trade, Logistics hub, Trending News
NEW DELHI : The Multi-Modal Cargo Hub (MMCH) at Jewar is poised to commence operations later this year in tandem with the launch of international flight services from Noida International Airport. Designed to handle
April 16, 2025

Evelyn Maersk, a milestone call at APM Terminals Valencia and APM Terminals Barcelona

International Shipping, Container Terminal, Shipping Line, Trending News
BARCELONA : Evelyn Maersk set an important milestone in the history of APM Terminals Spanish Gateways as the largest vessel to call at the terminals in Valencia and Barcelona. The successful performance of the
April 16, 2025

INTERCARGO responds to IMO’s decision on GHG Reduction measures

Organisation, Association, International Shipping, Maritime, Shipping, Shipping Line, Trade, Trending News
LONDON : At last week’s landmark MEPC 83 meeting, the International Maritime Organization (IMO) Member States assumed responsibility and agreed on a medium-term greenhouse gas reduction measure that differs from the levy-based approach INTERCARGO
April 16, 2025

Shipowners and recyclers ask Basel COP for removal of obstacles to safer ship recycling

International Shipping, Maritime, Ship Recycling, Shipping Line, Trade, Trending News
LONDON : BIMCO has drafted a paper to submit to the Conference of the Parties to the Basel Convention (BC COP-17), asking for more clarity and for obstacles to be removed as the Hong
April 16, 2025

IMO MEPC 83 – GHG requirements approved, taking effect from 2028 : DNV

International Shipping, Global Trade, Maritime, Shipping Line, Trending News
SINGAPORE : The 83rd session of the IMO’s Marine Environment Protection Committee (MEPC 83) approved new requirements on greenhouse gas (GHG) fuel intensity, in combination with a pricing and reward mechanism, taking effect from
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