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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Orissa high court orders sale of foreign vessel at Paradip port over unpaid ₹8 Crore dues
MV Ya Karim, a bulk carrier registered under a foreign flag, had been at Paradip Port for cargo operations when the dispute arose.
Indian government finalizes ₹44,313 Crore project for international container port in Nicobar
The project, which has received the green light from the central government, is set to be developed in phases, with the first phase expected to be completed by 2028.
Capacity constraints and soaring freight rates challenge global shippers
The shortage of available shipping capacity has caused a sharp increase in freight rates, with costs reaching unprecedented levels in key trade lanes.
Azerbaijan joins North-South Transport Corridor for enhanced trade
The decision to join the INSTC aligns with Azerbaijan’s broader economic strategy to strengthen its transport and logistics sector.
India launches new guidelines to boost seaplane operations nationwide
Minister Scindia highlighted the potential of seaplane services to revolutionize connectivity, particularly in regions with limited infrastructure for conventional air travel.
New broad gauge railway line planned from Gothangam to Hazira port
The railway line will be designed to handle high-capacity freight trains, ensuring that it can accommodate the increasing volume of cargo expected as industrial activity around Hazira Port continues to expand.
Sarbananda Sonowal launches major sustainability initiative at JN port
The increased use of solar and wind energy to power port operations is one of the main tenets of JN Port's sustainability push.
APM terminals announces expansion plans in Pakistan
APM Terminals’ expansion plans also align with the Pakistani government’s initiatives to modernize its maritime sector and develop its ports into world-class facilities.
Singapore named world’s top maritime centre for 11th consecutive year
The accolade, awarded by the Baltic Exchange and Xinhua News Agency, is based on the International Shipping Centre Development Index (ISCD), which assesses the performance of key maritime cities across various criteria.
Great Eastern Shipping adopts StormGeo’s technology to enhance fleet safety and efficiency
The technology provided by StormGeo will allow GESCO to make data-driven decisions, helping the company navigate through challenging weather conditions and optimize routes for fuel efficiency.
Sinolines launches new shipping service connecting North China and the Philippines
The service will cater to the growing demand for direct shipping routes in the region, driven by increasing trade volumes and the need for more streamlined logistics solutions.
Yang Ming declares general average after fire aboard YM mobility at Ningbo port
Yang Ming's declaration following the fire was in accordance with the maritime principle known as General Average, which requires all parties engaged in a sea venture to share proportionately any losses brought about by the willing loss of a portion of the ship or its cargo in order to preserve the whole.
Japan and India strengthen defence ties with shipment of advanced stealth antennas
The stealth antennas, designed for enhanced radar evasion capabilities, will be integrated into India's defence infrastructure, significantly improving the country’s surveillance and reconnaissance systems.
Kerala ramps up development of Kannur Greenfield port project
The port, to be constructed on the northern coast of Kerala, is designed to handle a variety of cargo, including containers, bulk, and breakbulk, catering to both domestic and international trade routes.
Capsized oil barge off Tobago successfully removed after 6-month operation
The operation required specialized equipment, including heavy-lift cranes and remotely operated vehicles (ROVs), to safely refloat and tow the barge to a designated disposal site.
India seeks deeper tariff cuts, stricter rules of origin in ASEAN FTA negotiations
The India-ASEAN FTA, which came into effect in 2010, has been a cornerstone of economic cooperation between India and the ten-member ASEAN group.