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September 4, 2024

Kerala to announce Logistics Parks Policy in 2 weeks

Logistics, Maritime, Ports, Trade, Trending News
THIRUVANANTHAPURAM : Kerala will develop a Logistics Parks Policy in a fortnight, adding to the benefits the State is all set to derive from the Centre’s plan to set up a couple of maritime
September 4, 2024

India and Kenya holds 3rd Joint Defence Cooperation Committee meeting

Defence, Economy, Finance, Global Trade, Trending News
NEW DELHI : The third edition of Joint Defence Cooperation Committee (JDCC) meeting between India and Kenya was held in New Delhi on September 3, 2024.The two countries discussed a wide range of avenues
September 4, 2024

MSC Antonia loses 46 containers overboard in South African storms

Container, International Shipping, Shipping Line, Trending News
GENEVA : The MSC Antonia is the latest vessel to lose containers overboard in winter storms off South Africa due to Cape of Good Hope diversions. The South African Maritime Safety Authority (SAMSA) the
September 4, 2024

Containers of MV ITT Puma, a sunken ship washed ashore off Odisha beach

Container, Maritime, Shipping, Trending News
KENDRAPARA : Two containers of a sunken ship packed with household goods were washed ashore off Satabhaya beach within Gahirmatha marine sanctuary under Rajnagar block of Odiaha’s Kendrapara district on Monday. It appears both
September 4, 2024

World Bank follows IMF. Revises India’s FY25 GDP growth forecast to 7%

Trade, COMMERCE, Economy, Finance, Trending News
NEW DELHI : The World Bank has raised its growth forecast for India’s economy to 7 per cent for the current financial year (FY25), up from an earlier projection of 6.6 per cent, according to a
September 4, 2024

AD Ports’ Noatum Logistics launches new rail service in Middle East

Logistics, Foreign Ports, Terminal, Trending News
ABU DHABI : Noatum Logistics, part of the AD Ports Group and a major global logistics provider, has unveiled a new rail logistics solution tailored for the Middle East. The new service is expected
September 4, 2024

Joint shipbuilding projects at Indian shipyards to be explored at this week’s EEF

Maritime, International Shipping, Ship Building, Shipyards, Trending News
NEW DELHI : Russia is working to include Vietnam, Thailand and Indonesia as intermediate stops of the Eastern Maritime Corridor connecting Vladivostok with Chennai as part of efforts to boost India’s business connections with
September 4, 2024

India’s reliance on Chinese imports for MSME goods declining

EXPORT, Export - Import, Global Trade, Trade, Trending News
NEW DELHI : India’s reliance on imports of MSME goods such as articles of leather, toys, and musical instruments from China is declining steadily, reflecting the country’s efforts to diversify import sources and strengthen
September 3, 2024

Adani Ports’ records 5% increase in cargo volumes according to August data

Ports, Shipping, Trending News
AHMEDABAD : Adani Ports and Special Economic Zone (APSEZ) clocked 36.1 million metric tons (MMT) of cargo volume in August 2024, registering a growth of 5% YoY. The cargo volume represents 5% YoY growth,
September 3, 2024

CONCOR to start coastal shipping in India again

Container, Logistics, Trending News
NEW DELHI : Container Corporation of India Limited (Concor) is poised to resume coastal cargo transport as part of its multi-modal logistics strategy, according to a report . The move is aimed to provide a
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