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Union Minister Nitin Gadkari pitches for more R&D to identify Import substitutes

Export - Import
NAGPUR: Union MSME Minister Nitin Gadkari has pitched for more research to identify products that can be indigenously manufactured as cost-effective import substitutes. The industries...

Surging shipping rates pose new headwind for the global economy

Shipping
Just a few weeks ago, the bottlenecks at ports from Singapore to Los Angeles and Rotterdam were looking like short-term headaches and added costs...

Exports grow after 3 months in Dec, Gold imports widen trade gap to above 2 year high

Export - Import
NEW DELHI: India’s exports in December returned to the positive territory after three months even as the country’s trade deficit swelled to a 25-month...

Number-two ocean carrier Msc joins partnership on Hydrogen Fuel

Shipping Line
Joining global shipping giants like NYK and CMA CGM, number-two ocean carrier MSC has recently joined the Hydrogen Council. MSC joined as a steering...

OOCL reports all-round growth for Q4 & calendar year

Shipping
For the fourth quarter ended December 31, 2020, OOCL’s total volumes were 23.7% up from the same period last year. Total revenues increased by...

Capt. B. K. Tyagi assumes charge as Director (L&PS), SCI

Shipping
Capt. Binesh Kumar Tyagi has taken over as Director, Liner and Passenger Services (L&PS), Shipping Corporation of India (SCI) on January 8, 2021, informed...

New FTP 2021-26 from 1st April, Expert Committee holds discussion

Export - Import
NEW DELHI: Meeting of the Parliamentary Consultative Committee of the Ministry of Commerce and Industry was held on the subject "New Foreign Trade Policy...

IAPH & IHS Markit to partner with Indian Ports Association to produce an interactive free webinar on sustainable development trends in South Asia

Ports
The International Association of Ports and Harbors (IAPH) is offering a webinar, on January 28, 2021, in partnership with the Indian Ports Association (IPA),...

Lankan trade unions remain opposed to Adani Group investment in Colombo Port

Trade
Sri Lankan port trade unions on Thursday said they were not convinced with the proposal of Indian multinational company Adani Group and its partners...

PSA International handles 86.6 mn TEUs in 2020

Logistics
SINGAPORE: PSA International Pte Ltd (PSA) handled 86.6 million Twenty-foot Equivalent Units (TEUs) of containers at its port projects around the world for the...
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