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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Challenges and opportunities for India in the global shipping industry
India still trails behind China, which dominates the global seafaring landscape with a 33% share of the world’s seafarers.
Container freight rates surge in July amid capacity pressures and early peak season demand
Despite these fluctuations in freight rates, India's merchandise export trade has shown a positive trend in the new fiscal year 2024-25, which began in April. Provisional government data indicates that total goods exports by value increased by 2.5% year-over-year, reaching US$35 billion.
India and IPEF partners establish key supply chain bodies
During their inaugural meetings, the 14 IPEF partners reaffirmed their commitment to improving cooperation and building more resilient and competitive supply chains. Their joint efforts are geared towards better preparation for potential disruptions that could threaten economic prosperity while also advancing labor rights within the region.
WSC unveils fund plan to promote green fuels ahead of IMO MEPC session
As the IMO prepares to review its draft framework for decarbonization, including supporting research and the establishment of new Emission Control Areas, expectations are high for a contentious debate. The last MEPC session in March laid the groundwork for this agenda, highlighting the need to address critical issues related to decarbonization.
VOC Port unveils major expansion plans to boost cargo handling capacity
The port also plans to deploy a floating crane and three barges to handle an additional 2 million tonnes of bulk cargo at anchorage over the next few years. On the other hand, two mooring dolphins with necessary infrastructure will be constructed at the oil jetty by mid-2025 for smaller vessels.
Iran seizes tanker with smuggled crude in Gulf
The seizure of the Pearl G highlights ongoing efforts by Iran to combat smuggling, a significant issue due to the country's heavily subsidized fuel and a devalued currency. Smuggling operations frequently involve transporting Iranian oil to neighboring states and Gulf Arab countries, exploiting the price differential.