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October 21, 2024

Hong Kong launches new Maritime and Port Development Board

Maritime, Foreign Ports, International Shipping, Trending News
HONG KONG : Restructured from Hong Kong Maritime and Port Board, Hong Kong newly establishes Hong Kong Maritime and Port Development Board to strengthen Hong Kong’s position as an international shipping hub. “The Hong
October 21, 2024

South Korean shipbuilder Hanwha Ocean joins GCMD as Strategic Partner

International Shipping, Maritime, Ship Building, Ship Bunkering, Shipping Line, Trending News
SEOUL : The Global Centre for Maritime Decarbonisation (GCMD) and Hanwha Ocean today announced a five-year strategic partnership to advance maritime decarbonisation in the areas of alternative low-/zero carbon fuels, energy efficiency technologies, and
October 21, 2024

Baltic index falls for third week on weaker rates across vessels

International Shipping, Shipping Line, Trade, Trending News
LONDON : The Baltic Exchange’s main sea freight index dipped on Friday, marking its worst week in five months as demand for all vessel segments declined. The index, which factors in rates for capesize,
October 21, 2024

Drewry: World Container Index down by 4% last week

Container, International Shipping, Maritime, Shipping Line, Trade, Trending News
LONDON : Drewry’s World Container Index decreased 4% to $3,216 per 40ft container last week.
October 19, 2024

Indian coastal vessels may trade licence-free for domestic operations

Coastal Shipping, Inland Shipping, Shipping, Trade, Trending News
NEW DELHI : The Union Cabinet has approved the Coastal Shipping Bill, 2024, which will remove the requirement for Indian-flagged vessels to acquire a general trading licence to operate on coastal waters once it
October 19, 2024

India has chosen to be a part of solution in sustainability and is changing faster than before : Piyush Goyal

Trade, COMMERCE, Economy, Finance, Global Trade, Trending News
NEW DELHI : Union Minister of Commerce & Industry, Shri Piyush Goyal during his keynote address at the 13th Society for Human Resource Management (SHRM) India Annual Conference & Expo 2024 here, said that
October 19, 2024

MoPSW says that the cargo volume at 12 major ports rises 5% to 413.74 MMT in September

Maritime, Ports, Transport, Trending News, Water Transport
NEW DELHI : Cargo volume handled by 12 major ports rose by 5.03 per cent to 413.747 million metric tonnes (MMT) in September, the Ministry of Ports, Shipping and Waterways said on Thursday. In
October 19, 2024

Adani Foundation donates ₹100 crores towards Young India Skills University in Telangana

Trade, Business, Company, CSR, Trending News
TELENGANA : Adani Foundation has donated ₹100 crore cheque towards the establishment of Young India Skills University in Telangana. A delegation from the foundation led by Chairperson of Adani Group, Gautam Adani, met with Chief Minister
October 19, 2024

Odisha : National Waterways 5 to connect Talcher with Paradip and Dhamra Ports

waterways, Ports, Shipping, Trending News
BHUBANESWAR : In a major boost for Inland Waterways, Talcher will be connected with major ports including Paradip and Dhamra in Odisha.The Odisha government is working with the Inland Waterways Authority of India (IWAI)
October 19, 2024

DGFT eases policy conditions on Cough Syrup Exports to USA, UK, Canada, EU, Japan, Australia, Singapore, Republic of Korea and Switzerland 

EXPORT, Economy, Finance, Global Trade, Trade, Trending News
NEW DELHI : The Directorate General of Foreign Trade ( DGFT ) has eased export policy conditions on the export of cough syrups to select countries, including the USA, UK, Canada, the European Union,
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