After five months of pause due to the Israel-Gaza war, government hopes to move on the IMEEC
NEW DELHI : After months of a pause on the India-Middle East-Europe Economic Corridor (IMEEC) that was launched during the G-20 summit in September 2023 but stalled due to the Israel-Hamas conflict, the government
Union Budget 2024 : Piyush Goyal says India has sustained exports’ growth despite global challenges
NEW DELHI : India has sustained its export growth notwithstanding the global challenges emerging due to issues like the Israel-Hamas war and the Budget has laid out a strong foundation to push the economic growth, Commerce and Industry Minister Shri Piyush Goyal said on
India mulls subsidies for exporters facing higher shipping costs
NEW DELHI : Given the recent spate of attacks on cargo ships in the Red Sea, India is mulling a variety of measures, including subsidisations for Indian exporters to offset higher shipping costs and
Italian container line Kalypso files for bankruptcy amid ongoing conflict between Israel and Hamas
ROME : Italian startup container line Kalypso has filed for bankruptcy following a collapse in freight rates and the disruption of its services to Israel, reported Italian media. The freight forwarder Rif Line launched
Shippers have already diverted over $60 billion in cargo from the Red Sea amid fears of attacks
NEW JERSEY : Shippers have diverted about $65 billion worth of cargo away from the Red Sea as they face the threat of attacks from Houthi militants in Yemen. Carriers are re-routing vessels as
ZIM vessels divert from Arabian regional waters
HAIFA : Israeli container vessels are avoiding the Red Sea region as the conflict in Gaza and the heightened regional tension have increased the risks for all ships transiting the Suez Canal. Even so,
US warships and commercial vessels attacked by drones in Red Sea
WASHINGTON : An American warship and multiple commercial ships came under attack on Sunday in the Red Sea, the Pentagon said, potentially marking a major escalation in a series of maritime attacks in the
3 commercial ships attacked in Red Sea; Houthis claim responsibility, citing Israel-Hamas war
WASHINGTON : Three commercial ships came under attack in the international waters of the Red Sea on Sunday, U.S. military officials said — as Houthi militants claimed responsibility for the latest incursion in the Middle East,
