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August 8, 2024

US volumes break 2.5 million TEU mark in July; Imports from China set record high

International Shipping, Export - Import, Global Trade, Trending News
WATERLOO : According to Descartes Systems Group’s latest Global Shipping Report, July container volumes into the United States were the third highest on record, eclipsed only by the first- and second-highest volumes in May
August 8, 2024

Ulsan Port Authority signs equity investment agreement to create publicly-led alternative marine fuel supply chain

International Shipping, Foreign Ports, Supply Chain, Trending News
SEOUL : Ulsan Port Authority (UPA) has announced that it signed an equity investment agreement worth US$17.6 million with Hyundai Oil Terminal Corporation on 1 August 2024, to establish  Korea’s alternative marine fuel supply
August 8, 2024

India now depends on Russia for 40% of its crude oil imports : BIMCO

Fuel, Global Trade, Import, Trending News
LONDON : “During the past three months, India has relied on Russia for 40% of its seaborne crude oil import. Year-to-date, volumes have reached an average of 1.6 million barrels per day (mbpd), an
August 7, 2024

PM Modi releases Big Bang Numbers on Indian Economy

EXPORT, Business, COMMERCE, Economy, Global Trade, Trade, Trending News
NEW DELHI : Prime Minister Shri Narendra Modi on Tuesday released the Big Bang Numbers on the Indian economy as part of his Bi-Weekly Bharat newsletter for the fortnight of July 15-31 on the
August 7, 2024

Govt has taken initiatives to develop Indian Shipping : MoPSW

Shipping, Maritime, Ports, Trending News
NEW DELHI : The Union Minister of Ports, Shipping and Waterways Shri Sarbananda Sonowal informed in a written reply in Lok Sabha that the Government has undertaken several initiatives to enhance the capacity and
August 7, 2024

Sarbananda Sonowal explains Port Operations and privatization in parliament

Ports, Maritime, Shipping, Trending News
NEW DELHI : In response to Rajya Sabha question raised on the 6th of August, 2024, regarding the operation and privatization of ports, Shri Sarbananda Sonowal, Union Minister of Ports, Shipping, and Waterways, provided
August 7, 2024

Port Monetisation for 2024-25

Ports, Shipping, Trending News
NEW DELHI : Union Minister of Ports, Shipping and Waterways Shri Sarbananda Sonowal informed in a written reply in Rajya Sabha that, private Sector Participation has been allowed in the Major Ports for specific
August 7, 2024

No proposal for PLI scheme for manufacturing of shipping containers: Govt

Container, Export - Import, Logistics, Shipping, Shipping Line, Trade, Trending News
NEW DELHI : The government on Tuesday said that at present, there is no proposal for a Production Linked Incentive (PLI) scheme for the manufacturing of shipping containers in the country. Minister of State
August 7, 2024

Commissioning of Vizhinjam International Seaport

Ports, Shipping, Trending News
NEW DELHI : Union Minister of Ports, Shipping and Waterways Shri Sarbananda Sonowal informed in a written reply in Rajya Sabha that, as per the schedule furnished by the Concessionaire, the project is scheduled
August 7, 2024

Bangladesh’s critical garment industry remains closed amid political turmoil

Trade, Economy, Global Trade, Trending News
DHAKA : A day after Sheikh Hasina stepped down and fled Bangladesh, country’s main garments manufacturers body has called for a total shutdown of all facilities, a BBC report said on Tuesday. Amid worsening
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