OOCL revenues plunge in 2023, amid solid container growth
HONG KONG : COSCO-owned Orient Overseas Container Line (OOCL) has seen a huge 49% decrease in its fourth quarter revenues, compared to 2022 Q4, reporting US$1.62 billion. In
Over 10 warships sent to deter pirates of the Arabian Sea
NEW DELHI : India has deployed over 10 warships with marine commandos in the Arabian Sea and Gulf of Aden, showing its naval presence to deter piracy and
PM Modi to inaugurate VGGS Global Trade Show Today
GANDHINAGAR : Prime Minister Shri Narendra Modi arrived in Ahmedabad on Monday to inaugurate 10th edition of Vibrant Gujarat Global Summit 2024 at Mahatma Mandir, Gandhinagar. Today the
India’s First Inland Waterways Development Council commits Rs 45,000 crore for development of Rive
KOLKATA : The maiden edition of Inland Waterways Development Council (IWDC) in Kolkata culminated with many firsts in an effort to ramp up capacity and augment viability of
PSA Mumbai celebrating a historic milestone achievement, surpasses 2 million TEUs mark in 2023
MUMBAI : PSA Mumbai, located in Jawaharlal Nehru Port (JNP) in Maharashtra, one of the leading container terminals in India, is proud to announce that it handled over
Adani Group to invest Rs 42,768 Crore in Tamil Nadu
CHENNAI : The multi-business Adani Group has decided to invest a whopping Rs 42,768 crore in Tamil Nadu in renewable energy, cement manufacturing, data centre, city gas distribution
India’s exports may take a $30 billion hit on Red Sea threats
NEW DELHI : India may see around $30 billion shaved off its total exports in the current fiscal year, as threats to cargo vessels in the Red Sea lead to a surge
COSCO Shipping halts shipping to Israel : Israeli media
JERUSALEM : Chinese shipping firm COSCO has suspended shipping to Israel, Israeli financial news website Globes reported on Sunday. The report, which did not include details behind the
India-US shippers hit by three rounds of hefty rate hikes in January
MUMBAI : Indian shippers are getting flooded with general rate increase (GRI) and peak season surcharge (PSS) notices as container lines attempt to maximise pricing out of the
How Red Sea attacks put India’s trade at risk
NEW DELHI : The Gaza war has long posed the risk of escalating into a broader crisis for the Global Economy, and recent developments in the Red Sea