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May 16, 2024

India’s merchandise trade deficit rises to a four-month high of $19.1 billion in April

EXPORT, Trade, Trending News
NEW DELHI : India’s merchandise trade deficit expanded to $19.1 billion in April, Commerce Secretary Sunil Barthwal said on Wednesday. India’s trade deficit had narrowed to $15.6 billion in March, representing a 11-month low. India’s
May 16, 2024

Adani Ports Mundra enhances global connectivity with ONE WIN Service

Ports, Shipping, Trending News
MUNDRA : Adani Mundra Port handled the inaugural vessel call of the WIN Service of Ocean Network Express (ONE) line. This new service aims to enhance the connectivity of Adani Ports Mundra and Hazira
May 16, 2024

MoRTH hits 20% of capital expenditure target in April 2024

Transport, Trending News
NEW DELHI : Despite being slow on award of projects in the second half of 2023, the Ministry of Road Transport and Highways (Morth) continued with front-loading of capital expenditure, as it spent over
May 16, 2024

Adani Ports’ revenue projected at Rs 50,000 crore in next four years

Ports, Economy, Global Trade, Logistics, Trending News
AHMEDABAD : Adani Ports and Special Economic Zone Ltd. surpassed its guidance for cargo, revenue, and Ebitda in fiscal year 2024. These metrics continued to grow in the fourth quarter, with net profit rising
May 16, 2024

Hapag-Lloyd with good start to 2024 in first quarter of year

International Shipping, Shipping Line, Trending News
HAMBURG : Hapag-Lloyd concluded the first quarter of 2024 with a Group EBITDA of USD 942 million(EUR 868 million). Compared to the same quarter of the previous year, the Group EBIT decreased to USD
May 16, 2024

HMM reports strong first quarter financial results

International Shipping, Trade, Trending News
SEOUL : South Korea’s major ocean carrier HMM achieved increased revenue and profits in the first quarter of the year. In particular, the company reported US$1.7 billion in revenue in the first three months
May 16, 2024

ICTSI plans to build $800 million container terminal in the Philippines

International Shipping, Container Terminal, Foreign Ports, Trending News
PHILIPPINES : International Container Terminal Services, Inc. (ICTSI) plans to build a new terminal in Bauan in Batangas. The new $800 million terminal will be the largest privately funded marine terminal investment in the Philippines’
May 16, 2024

Red Sea crisis sees 2M separation go into reverse

International Shipping, Maritime, Shipping Line, Trending News
SANNA : Following the announcement of the dissolution of the 2M Alliance the division of services was rapid, but since the beginning of this year the collaboration has regained momentum with an increase in
May 16, 2024

Inmarsat ‘Digital Wave’ Report explores importance of connectivity onboard ‘Floating Offices’ at Sea

International Shipping, Maritime, Technology, Trending News
LONDON : Inmarsat Maritime, a Viasat company, has launched a new report Digital Wave: Transforming vessels into floating offices and remote homes. The report explores the growing importance of ‘always-on’ onboard connectivity as ships and
May 16, 2024

Saudi Red Sea Authority issues its First Marina Operator Licenses

Maritime, Tourism, Trending News
RIYADH : Saudi Red Sea Authority (SRSA), the official regulator and key enabler of Red Sea coastal tourism, has issued the first three licenses for operators of the following tourist marinas: Al-Ahlam Marine in
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