March 17, 2026
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April 15, 2024

India seriously concerned about crude oil trade due to Iran-Israel war

Fuel, Economy, Global Trade, Maritime, Trending News
NEW DELHI : While Israel and allies including the US, UK and France managed to mostly foil an unprecedented attack by Iran on the Jewish state, stock markets in Israel, Saudi Arabia and elsewhere
April 15, 2024

India’s stand amid threat of Open War between Iran and Israel

Export - Import, Foreign Ports, Global Trade, Trending News
NEW DELHI : India, caught in a tight spot over the  Iran-Israel escalation, has advised both nations to exercise restraint. The tension must be resolved through “dialogue & diplomacy”, the foreign ministry said on
April 15, 2024

Hijacked ship MV Abdullah released after $5 million ransom payment to Somali pirates

International Shipping, Maritime, Trending News
GULF OF ADEN : Somali pirates released a hijacked ship, MV Abdullah, early on Sunday after a $5 million ransom was paid, according to two pirates. “The money was brought to us two nights
April 15, 2024

MoCI may look for extension of interest equalisation for exporters

EXPORT, COMMERCE, Economy, Trade, Trending News
NEW DELHI : The Commerce Ministry(MoCI) is likely to seek further extension of the interest equalisation scheme on pre- and post-shipment rupee export credit for another five years to promote the country’s outbound shipments,
April 15, 2024

MoRTH plans at record ₹60,000 crore monetization in FY25

Logistics, Infrastructure, Trade, Transport, Trending News
NEW DELHI : The Union Ministry of Road Transport and Highways (MoRTH) is looking to raise a record ₹60,000 crore from monetization in the current fiscal, two people aware of the matter said. While the
April 15, 2024

Indian Railways’ DFC : 18-year mission on track

Logistics, DFC, Railway, Trending News
NEW DELHI : Maruti Suzuki’s automotive parts travel the 659 km between New Rewari in Haryana to Palanpur in Gujarat on the truck-on-train service (ToT) provided by the Dedicated Freight Corridor Corporation of India
April 15, 2024

APSEZ intends to invest ₹1,689 Crore for ship leasing firm in Gift City

Ports, Business, Company, Global Trade, Private Port, Ship Leasing, Trade, Trending News
GANDHINAGAR : Adani Ports and Special Economic Zone Ltd (APSEZ) has proposed a significant investment of ₹1,689 crore for the establishment of Poseidon Leasing IFSC Ltd, a step-down subsidiary company, to operate within the GIFT
April 15, 2024

Cochin Port waives bunkering service charges for three more years

Ports, Trending News
KOCHI : Cochin Port Authority has extended the “waiver of port charges for a further period of three years” for ships calling at outer anchorage of the port for bunkering services. The maritime services
April 15, 2024

Petregaz India commissions its Rs 600 cr LPG import and storage terminal

Import, Container Terminal, Ports, Trade, Trending News
NELLORE : Petregaz India, a subsidiary of Petredec Group has commissioned its new state-of-the-art LPG Import and Storage Terminal that has been set up at an outlay of Rs 600 crore, the company said
April 15, 2024

CBI registers case against Megha Engineering & Infrastructure for corruption in Rs 315 Cr NISP project

Trade, Business, Trending News
NEW DELHI : The Central Bureau of Investigation (CBI) on April 11 registered a case against Megha Engineering and Infrastructure Ltd, along with eight officers from NMDC Iron and Steel Plant, Ministry of Steel,
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