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September 11, 2024

QatarEnergy adds six new huge LNG carriers to its historic fleet expansion program

LNG, International Shipping, Shipyards, Trending News
SHANGHAI : The latest agreement brings the total number of LNG vessels on order under QatarEnergy’s fleet expansion program to 128, including 24 QC-Max mega vessels. The new vessels, which will be built at
September 11, 2024

Global trade helped reduce extreme poverty, inequality : WTO

Trade, COMMERCE, Economy, Finance, Global Trade, Trending News
GENEVA : A new World Trade Organisation (WTO) report has stated that global commerce has played a critical role in reducing extreme poverty from 40pc to 11pc. Global trade has created “shared prosperity” since
September 11, 2024

Lloyd’s Register commissioned research reveals the rapid rise of AI in maritime

International Shipping, Maritime, Technology, Trending News
LONDON : In the past 12 months, the maritime AI market has seen an explosive expansion, nearly tripling in size, finds the new Thetius report, commissioned by Lloyd’s Register. New research estimates that the
September 11, 2024

ILA demands on wages and automation as port strike looms in US East Coast

Foreign Ports, Global Trade, International Shipping, Trending News
NEW YORK : A potential strike by members of the International Longshoremen’s Association (ILA) threatens to shut down ports along the US East Coast at the end of this month, ILA President Harold J.
September 10, 2024

Rs 25k Cr Shipbuilding fund set to be cleared to grow Blue Water Economy in India

Maritime, Economy, Finance, Ship Building, Shipping, Trade, Trending News
NEW DELHI : Indian Government may approve a proposal for a ₹25,000-crore Maritime Development Fund this month for providing long-term and low-cost financial support for indigenous ship-building and other blue water infrastructure projects, two persons
September 10, 2024

Central Government notifies Great Nicobar Transshipment Port as Major Port

Transhipment Port, Container Terminal, Ports, Shipping, Trending News
NEW DELHI : The central government has officially notified the upcoming transshipment port at Galathea Bay in Great Nicobar as a major port, in a significant development. This strategic move marks a critical milestone
September 10, 2024

JSW Infrastructure approves Rs 2,359 Crore capex for capacity expansion

Trending News, Company, Infrastructure, Private Port
NEW DELHI : JSW Group firm JSW Infrastructure Limited on Monday said it has approved a capex of Rs 2,359 crore for the capacity expansion at its Jaigarh and Dharamtar Port. As a part
September 10, 2024

Crown Prince of Abu Dhabi held bilateral discussions with PM Modi in India

Trade, COMMERCE, Economy, Finance, Global Trade, Trending News
NEW DELHI : His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi is on an official visit to India from 9-10 September 2024, at the invitation of Prime
September 10, 2024

Auto component sector on road to reach $100 bn export target by 2030 : Piyush Goyal

Trade, COMMERCE, Economy, Finance, Infrastructure, Trending News
NEW DELHI : Union Minister of Commerce & Industry, Shri Piyush Goyal expressed confidence that the auto component sector will reach the $100 billion export target by 2030 making the sector one of the
September 10, 2024

Indian Army & Indian Air Force ink MoU with Gati Shakti Vishwavidyalaya

Trending News, Aviation, Economy, Education, Infrastructure, Logistics, Railway
NEW DELHI : To enhance the skills and capability building of their personnel, Indian Army and Indian Air Force signed a Memorandum of Understanding (MoU) with Gati Shakti Vishwavidyalaya, Vadodara in the presence of
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