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
Get comprehensive coverage of Maritime & Trade, including latest updates, analysis, insights, and expert commentary.
J.M. Baxi completes successful bridge module load-in at Krishnapatnam port
The bridge module, a crucial component for infrastructure development, was carefully loaded and positioned at Krishnapatnam Port, reflecting the port's advanced logistical and handling capabilities. The operation involved meticulous planning and coordination among various stakeholders to ensure the seamless execution of the load-in process.
US East and Gulf Coast ports face imminent strike starting October 1
The International Longshoremen’s Association (ILA) has issued a notice indicating that, without a new labor agreement, its members will initiate a strike at key ports, including those in New York, New Jersey, Savannah, and Houston.
Port of Salalah adapts to Red Sea disruption amid ongoing maritime challenges
The strategic adaptations are designed to position the Port of Salalah as a resilient and reliable alternative for shipping companies affected by the Red Sea disruptions.
India to introduce new shipbuilding policy for Union Cabinet approval
The policy is also expected to address environmental concerns by promoting the use of green technologies and sustainable practices within the shipbuilding industry.
Pipavav Shipyard poised to resume operations amidst industry revival
The shipyard, located in Pipavav, Gujarat, had been inactive due to various operational and financial challenges. However, with new investments and strategic management changes, Pipavav Shipyard is now prepared to reengage in shipbuilding and repair activities.
Kerala government proposes multi-purpose berth for Ponnani Port under Sagarmala scheme
The proposed multi-purpose berth will be designed to accommodate various types of cargo, including bulk, general, and containerized goods. This development aligns with the Sagarmala project's objective of modernizing and expanding India's port infrastructure to improve connectivity, efficiency, and trade competitiveness.
South Korea commences construction of first large-scale CO2 carriers
The initiative is part of South Korea’s broader strategy to position itself as a leader in the global CCS market. By investing in the development of these specialized vessels, the country aims to support the international community's efforts to reduce greenhouse gas emissions and meet climate targets set by agreements such as the Paris Accord.
India introduces shipping bills in Lok Sabha to modernize maritime sector
The two bills—The Coastal Shipping Bill, 2023, and The Merchant Shipping Bill, 2023—are designed to address various challenges within the sector, including the need for streamlined regulations and the promotion of coastal shipping as a viable alternative to road and rail transport.
King Abdulaziz port sets new record with 20,645 containers handled on single ship
The port’s management has invested heavily in modernizing its equipment, including the introduction of state-of-the-art cranes and automated systems, which have played a crucial role in enabling such high-volume operations.
Maersk to test alternative eco-fuels in push for sustainable shipping
As Maersk embarks on this ambitious journey, the global shipping industry will be watching closely. Success in these trials could set new standards for sustainability in maritime transport, paving the way for a greener future.
Nakilat capitalizes on Qatar’s LNG boom with record fleet expansion
The company's fleet expansion is a component of Nakilat's larger plan to take advantage of Qatar's status as one of the biggest LNG producers in the world.
India revamps Northeast waterways for enhanced connectivity and growth
The focus on waterways in the northeast states is part of a broader national strategy to harness the potential of inland water transport as a viable and sustainable mode of transportation.
Vizhinjam international seaport commissioned, marking a major milestone in India’s maritime sector
The seaport is designed to be a multi-purpose facility with the capacity to handle various types of cargo, including containers, bulk, and break-bulk cargo. It also includes provisions for future expansion, with plans to increase its capacity to meet the growing demands of international trade.
India poised to join ranks of top shipbuilding nations
The Indian government has implemented a series of measures to bolster the shipbuilding industry, recognizing its potential to significantly contribute to economic growth and job creation.
Ceylon chamber of commerce unveils vision 2030 blueprint for economic growth
The Vision 2030 blueprint, developed in collaboration with industry experts, business leaders, and policymakers, addresses key sectors crucial to Sri Lanka’s economic advancement. It emphasizes innovation, sustainability, and inclusivity as core principles guiding the country's future development.
Port of Virginia expands intermodal rail services to Midwestern markets
The expanded rail service is expected to increase the port’s capacity to handle container traffic, reducing congestion and improving operational efficiency.