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August 19, 2024

Baltic set for first weekly gain in five on strong capesize demand

International Shipping, Shipping Line, Trade, Trending News
LONDON : The Baltic Exchange’s main sea freight index marked its first weekly gain in five on Friday, helped by higher rates for capesize vessel segment. * The overall index .BADI, which factors in
August 19, 2024

Malaysia launches anti dumping duty probe on coated steel from China, India, Japan, South Korea

Import, Business, Trade, Trending News
KUALA LUMPUR : Malaysia has initiated an anti dumping duty investigation into coated iron or non-alloy steel flat-rolled products from China, India, Japan and South Korea, the Ministry of Investment, Trade and Industry said
August 17, 2024

India emerging as a global manufacturing hub: PM Modi

Logistics, Defence, Economy, Export - Import, Finance, Global Trade, Trade, Trending News
NEW DELHI : India is becoming Atmanirbhar in defence and emerging as a global manufacturing hub, Prime Minister Shri Narendra Modi said in his Independence Day address on Thursday (August 15). He also noted that defence exports touched
August 17, 2024

PM Modi highlights advancements of infrastructure growth in India

Airports, Digitalisation, Economy, Export - Import, Infrastructure, Logistics, Ports, Railway, Shipping, Trade, Trending News
NEW DELHI : Prime Minister Shri Narendra Modi highlighted the significant advancements in India’s infrastructure sector over the past decade, emphasizing the government’s sustained efforts to enhance connectivity, urban development, and industrial growth. These
August 17, 2024

The Green Tug Transition Program is a pivotal initiative towards realizing our vision of a sustainable and green maritime sector in India : Sarbananda Sonowal

Maritime, Ports, Shipping, Trade, Trending News
NEW DELHI : The Union Minister of Port Shipping and Waterways, Shri Sarbananda Sonowal officially launched the SOP for Green Tug Transition Program (GTTP) on Friday here. This landmark initiative is set to drive
August 17, 2024

Sarbananda Sonowal felicitates Double Olympic Medalist Manu Bhaker- the Seafarer’s Daughter

Maritime, Associationn, Trade, Trending News
NEW DELHI : The Double Bronze Medalist of Paris Olympics, 2024, Manu Bhaker, was felicitated by the Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal on behalf of the entire seafarer’s community
August 17, 2024

Govt looking at revising FDI policy : Commerce Secretary

Trade, COMMERCE, Economy, Trending News
NEW DELHI : The Union Government is looking at revising the foreign direct investment (FDI) policy, and is doing stakeholder consultation regarding the same, Commerce Secretary Sunil Barthwal said here on Wednesday. “The Department
August 17, 2024

Adani’s Mundra Port continues to expand Indian container trade market share

Ports, Private Port, Shipping Line, Trade, Trending News
AHMEDABAD : Competition between government/landlord ports and Adani Ports and Special Economic Zone (APSEZ) in India is heating up, with the latter making rapid inroads into the emerging market. Adani Group’s flagship Mundra Port
August 17, 2024

Exports shrink 1.5% in July, trade deficit widens to $23.5 billion

Export - Import, Trade, Trending News
NEW DELHI : India’s merchandise trade deficit rose to the highest level in nine months in July on the back of high crude imports and a contraction in overall goods exports after three straight
August 17, 2024

IMF’s Gita Gopinath says India to become 3rd-largest economy by 2027

Trade, COMMERCE, Economy, Finance, Trending News
WASHINGTON : First Deputy Managing Director of the International Monetary Fund (IMF) Dr Gita Gopinath has said that India’s growth has been better than expected. She said the IMF expects private consumption to recover
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