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April 24, 2024

Offshore wind farm project at VOC to cost ₹450cr, to produce 500MW in phase-1

Ports, Business, Shipping, Trending News
THOOTHUKUDI : Union Shipping Ministry planning to develop an offshore wind terminal at VOC Port here, the estimated project cost has been pegged at ₹450 crore, according to official sources. Moreover,TNIE that VOC Port
April 24, 2024

India working on improving fares for coastal shipping, revamps coal transport pricing

EXPORT, Coastal Shipping, Logistics, Ports, Railway, Trending News
NEW DELHI : An inter-ministerial group is re-examining the mechanism to “improving” fares for transport of coal under the rail-sea-rail route, also called coastal shipping. The idea is to make the fares “feasible” enough
April 24, 2024

Baltimore accuses Dali owner and manager of negligence and recklessness

International Shipping, Maritime, Trending News
BALTIMORE : Baltimore City Council is seeking compensation from the owner and manager of the container ship M.V. Dali over the Francis Scott Key Bridge collapse. In papers submitted to the US federal courts
April 24, 2024

India will become fourth-largest economy by 2025 : IMF

Trade, Economy, Trending News
WASHINTON D.C. : India’s nominal gross domestic product will likely outstrip Japan’s in 2025 to become the world’s fourth-largest economy, according to an International Monetary Fund estimate, a year earlier than the previous projection. India’s GDP will
April 24, 2024

Hapag-Lloyd wins landmark tender for Zero-Emission Maritime Shipping

International Shipping, Maritime, Trending News
HAMBURG : The Zero Emission Maritime Buyers Alliance (ZEMBA) announced the successful completion of its first ever tender for sustainable ocean shipping, marking a significant step towards reducing greenhouse gas emissions by 90% compared
April 24, 2024

SEZ units exempt from IGST on certain services from DTA players : AAR ruling

Trending News, Business, COMMERCE, EXPORT, Policy, Trade
NEW DELHI : Units operating within Special Economic Zones (SEZs) could potentially be exempt from paying the integrated goods and services tax (IGST) on specified services taken from the domestic tariff area (DTA) through
April 24, 2024

IMO’s maritime law institute celebrates 35 years of training success

Maritime, Trade, Trending News
LONDON : The IMO International Maritime Law Institute (IMO-IMLI) celebrated its 35th anniversary with testimonies from alumni and discussions about how to shape its future.   IMO-IMLI was founded in 1988 in Malta, and began its
April 24, 2024

‘Lvshui 01’-World’s first river-sea electric container ship sets sail

International Shipping, Foreign Ports, Trending News
ZHEJIANG : Lvshui 01, the world’s first river-sea electric container ship, arrived at Shengdong Wharf of Yangshan Port in east China’s Zhejiang Province on Monday, setting new records for the world’s first and largest
April 24, 2024

AD Ports Group secures a 20-Year agreement to operate and upgrade the existing Luanda Multipurpose Port Terminal in Angola

International Shipping, Business, Company, Foreign Ports, Trending News
ABU DHABI : AD Ports Group has signed several agreements with Unicargas and Multiparques securing a 20-year concession agreement (extendable for another 10 years) with the Luanda Port Authority for the operation and upgrade
April 24, 2024

First quarter of 2024, earnings down with cost measures intensified : Kuehne+Nagel

Logistics, Trade, Trending News
Kuehne+Nagel GroupCHF million Q1 2024 Q1 2023 Δ Net turnover 5,508 6,748 -18% Gross profit 2,076 2,394  -13% EBITDA 576  803  -28% EBIT 376  612  -39% Earnings 278  462  -40% SCHINDELLEGI : The start
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