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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Adani’s Mundra Port expands market share in Indian container trade
Mundra Port, operated by Adani Ports and Special Economic Zone (APSEZ), has witnessed a remarkable increase in container handling volumes, contributing significantly to its rising market share.
DP World’s H1 net profit plummets 59% amid Red Sea disruptions
DP World’s CEO, Sultan Ahmed Bin Sulayem, acknowledged the difficult operating environment during a press briefing, emphasizing that the company is taking steps to enhance security measures and operational flexibility in the affected regions.
Nhava Sheva Distribution Terminal sets new operational record
The record-breaking performance was attributed to several key factors, including the deployment of advanced handling equipment, streamlined operational processes, and effective coordination among the terminal’s workforce.
India launches Green Tug Transition Program to promote sustainable maritime operations
The GTTP, introduced with the Standard Operating Procedure (SOP), is designed to accelerate the adoption of green technologies within the port and shipping industries.
VPA proposes acquisition of 49% stake in Mulapeta port
The proposal reflects VPA's ongoing efforts to expand its portfolio and enhance its competitive edge in the maritime industry. By increasing its stake in Mulapeta Port, VPA aims to improve its service offerings, optimize cargo handling processes, and create additional value for stakeholders.
Indo-Bangladesh trade set for full restoration, says commerce secretary
The trade between India and Bangladesh has faced challenges over the past few years due to pandemic-related restrictions and supply chain disruptions. However, with the situation stabilizing, both governments have been keen to reinvigorate trade flows.
US imposes sanctions on tankers linked to Iran’s proxy funding
The US Department of the Treasury has identified several vessels involved in these activities, freezing any assets they may hold under US jurisdiction and prohibiting American entities from engaging in transactions with them.
Global shipping lines expand services to Indian ports amid rising trade volumes
The expanded services will not only cater to current demand but also lay the groundwork for future growth as India continues to integrate more deeply into the global economy.
Shipping lines expand services to Indian ports amid growing trade demand
Industry insiders have pointed to India’s growing economic clout and its strategic location as factors driving this expansion. With the Indian economy rebounding strongly and global trade patterns evolving, shipping lines are increasingly recognizing the need to bolster their presence in the region.
Gujarat port concessions expiring in 10 Years; operators seek extensions
The ports in question, which have been vital to Gujarat’s economic growth and India’s overall trade infrastructure, are facing the end of their concession terms within the next ten years.
Indian government to eliminate licensing requirement for hiring foreign-flag ships
The decision, aimed at simplifying the process for chartering foreign vessels, comes as part of a broader initiative to boost trade and reduce logistical bottlenecks.
Ship attacked three times in Red sea by suspected Yemeni rebels
International maritime authorities have condemned the attacks, calling for heightened security measures and urging the need for a coordinated response to safeguard shipping lanes. The incident has also drawn attention from global shipping companies and insurance firms, which are now reassessing risk protocols for vessels transiting the area.
HMM reports strong revenue and profit growth in first half of the year
HMM’s strong financial performance comes at a time when the global shipping industry faces various challenges, including fluctuating fuel prices, supply chain disruptions, and geopolitical uncertainties.
Dredging corporation of India places order for advanced dredger with Cochin Shipyard
The dredger will be equipped with the latest technology, ensuring it meets global standards in efficiency and environmental sustainability. It will also have the flexibility to operate in various conditions, making it a versatile asset in DCI's operations.
GE Shipping divests MR Tanker ‘Jag Pranam’ in strategic fleet optimization move
The sale of ‘Jag Pranam’ is aligned with GE Shipping’s broader strategy of maintaining a modern and efficient fleet. The tanker has served the company well over the years, contributing to its robust performance in the global shipping market.
Indian coast guard enhances maritime border surveillance amid Bangladesh unrest
The ongoing unrest in Bangladesh has led to concerns over the potential for increased illegal activities, including smuggling and human trafficking, across the porous maritime border.