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November 30, 2024

IHCL signs a Gateway Resort in Kandla, Gujarat

Trade, Business, Ports, Shipping, Trending News
MUMBAI : Indian Hotels Company (IHCL), India’s largest hospitality company, announced the signing of a resort in Kandla, Gujarat. This conversion project will be branded a Gateway resort. Speaking on the occasion, Ms. Suma
November 30, 2024

Maersk names Newest Dual-Fuel Methanol Vessel “A.P. Møller” in Singapore

International Shipping, Maritime, Shipping Line, Trade, Trending News
SINGAPORE : A.P. Moller – Maersk (Maersk) celebrated the arrival of its newest dual-fuel methanol container vessel in Singapore on Thursday, as part of her maiden voyage from Asia to Europe. The vessel, named
November 30, 2024

ADNOC, Jiangnan Shipyard, and DNV celebrate delivery of first large-scale Mark III Flex LNG Carrier in China

International Shipping, LNG, Maritime, Shipping Line, Trade, Trending News
SHANGHAI : The Abu Dhabi National Oil Company (ADNOC), Jiangnan Shipyard (Group) Co., Ltd., and classification society DNV, celebrated the naming and delivery ceremony of China’s first large-scale Mark III Flex membrane LNG carrier,
November 30, 2024

India could benefit from Trump’s tariff hike on China, Mexico & Canada

Export - Import, Business, COMMERCE, Economy, EXPORT, Global Trade, Trade, Trending News
NEW DELHI : U.S. President-elect Donald Trump announced plans recently, to sign an executive order on January 20 imposing additional tariffs on imports from three key trading partners. Canada and Mexico face a 25%
November 30, 2024

India-Russia trade hits $66 billion in 2024; target of $100 billion by 2030 on track

Trade, COMMERCE, Finance, Global Trade, Trending News
NEW DELHI : Bilateral trade between India-Russia reached a record USD 66 billion in 2024, marking a fivefold increase over the past five years, with a 9 per cent rise in the first eight months
November 30, 2024

India signs Statements of Intent with U.K on electric propulsion systems for Indian Navy

Maritime, Defence, DockS, Navy, Ports, Shipping, Trade, Trending News
NEW DELHI : India and the U.K. signed a Statement of Intent (SoI) on cooperation on design & development of Electric Propulsion Systems for the Indian Navy. The signing was part of the third
November 30, 2024

SLPA confirms stability of Adani Group’s Colombo Terminal Project

Ports, Container Terminal, Finance, Foreign Ports, Global Trade, Trending News
COLOMBO : Sri Lanka Ports Authority has reaffirmed its commitment for Adani Port and Special Economic Zone’s Colombo West International Project. In a statement, SLPA Chairman Admiral Sirimewan Ranasinghe (Retd) has emphasised that there
November 30, 2024

ICG conducts 11th National Maritime Search & Rescue Exercise off Kochi coast

Maritime, Defence, Navy, Shipping, Trending News
KOCHI : The Indian Coast Guard (ICG) conducted the 11th edition of National Maritime Search and Rescue Exercise (SAREX-2024) off the Kochi coast on November 29, 2024. The two-day exercise was inaugurated by Defence Secretary
November 30, 2024

GRSE commences Steel-Cutting of an ORV for NCPOR, MoES

Maritime, DockS, Ship Building, Ship Recycling, Shipyards, Trending News
KOLKATA : In keeping with its proven commitment towards customers and the capability to handle multiple projects of various classes concurrently, Garden Reach Shipbuilders and Engineers (GRSE) Ltd commenced steel-cutting of an Ocean Research
November 30, 2024

MSC Group completes acquisition of minority stake in HHLA

International Shipping, Foreign Ports, Global Trade, Shipping Line, Trending News
HAMBURG : MEDITERRANEAN Shipping Co has finalised its acquisition of a 49.9% stake in Hamburger Hafen und Logistik Aktiengesellschaft (HHLA), a key port operator in Hamburg, Germany. MSC and the City of Hamburg, which retain 50.1% ownership,
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