Stock market news: Hirose Tech tops Taiwanese gainers with a 25.15% rise
At 1:01 pm Friday, 22 November 2024 (GMT+8), Hirose Tech Co. Ltd. led gains on the Taiwan Stock Exchange, surging 25.15% to 53.00 TWD. Acon...
Maritime & Trade
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India to establish shipbuilding and repair clusters across five states
The project is in line with Maritime India Vision 2030, which mainly aims to elevate India into a global maritime hub as well as heighten the competitiveness of the country in the marine industry.
NITI Aayog raises alarm over costs in PLI scheme for shipping containers
The scheme's financial viability and its potential to drive significant growth in the container manufacturing sector are under scrutiny.
Cargo integrity group urges governments and IMO to enhance transparency on container inspection findings
The group thinks that improved safety procedures and stronger risk management techniques in the maritime sector will result from consistent reporting by both national authorities and the IMO.
Amazon expands logistics network with 3 new fulfillment centers ahead of festive season
The new fulfilment centres will be equipped with advanced technology and automation systems designed to streamline inventory management and order processing.
India emerges as top vehicle exporter to South Africa
South Africa’s vehicle import volumes from India have increased markedly, driven by competitive pricing and a diverse range of vehicle models offered by Indian manufacturers.
India to launch super app to streamline railway services: Ashwini Vaishnaw
The goal of the new super app is to give users a seamless experience by combining various features that presently call for different platforms.
PM Modi to visit U.S. for Quad summit and high-level diplomatic talks
PM Modi will meet US President Joe Biden, among other world leaders, on a three-day visit, and both will hold a series of meetings to serve the intention of strengthening bilateral relations between India and the US, especially in trade, technology, and defense.
Indian exports see 5.35% growth in April-August 2024 period
The growth in exports during the April-August 2024 period is expected to support the government's ambitious target of reaching USD 1 trillion in annual merchandise exports by 2030.
India prioritizes domestic shipbuilding to boost maritime sector
The government's focus on domestic shipbuilding is part of its broader "Atmanirbhar Bharat" (self-reliant India) campaign, which aims to develop local industries across key sectors.
Fire erupts at VCTPL terminal, prompting emergency response
The VCTPL terminal, a critical node in the region’s maritime logistics network, handles a substantial volume of container traffic and serves as a key gateway for international trade.
Sarbananda Sonowal inaugurates Tuticorin international container terminal, boosting India’s maritime capacity
The Tuticorin terminal is designed to handle larger container vessels, improving the port’s ability to accommodate global shipping lines.
Delhivery and TeamGlobal logistics forge strategic partnership for ocean freight operations
TeamGlobal Logistics brings decades of expertise in managing complex ocean freight operations, and the partnership is expected to boost the efficiency and reliability of shipping services.
India’s high import duties need reduction, says Chief economic advisor Nageswaran
High import duties have long been a contentious issue in India’s trade policy, with businesses urging the government to create a more favourable environment for both domestic and international companies.
Adani, DP world among leading bidders for SMP Kolkata contract
The SMP Kolkata contract is seen as a strategic opportunity for bidders to enhance their presence in the eastern region of India, where the port serves as a vital gateway for trade with Southeast Asia and beyond.
Successful ammonia ship-to-ship transfers set the stage for bunkering in the Pilbara region
The STS transfer carried out between two vessels demonstrated the safe handling and transfer of ammonia, a carbon-free fuel touted as a key component in decarbonizing the maritime sector.
Port of Klaipeda launches first green shipping route, ushering in a new era of sustainable maritime trade
Utilising vessels propelled by liquefied natural gas (LNG) and other low-emission fuels, the new green shipping route was developed in partnership with significant international shipping companies.