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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Sarbananda Sonowal opens Tuticorin international container terminal, enhancing India’s trade connectivity
Sonowal emphasized the significance of the terminal in driving regional economic growth and attracting more investment to southern India.
PM Modi begins 2-day Gujarat visit to inaugurate key development projects
Prime Minister Narendra Modi is expected to launch several major infrastructure and development projects during his two-day visit to Gujarat with the goal of bolstering the state's economy.
Indian Navy launches green initiative in collaboration with NGO to reduce plastic and e-waste
Vice Admiral Dinesh K. Tripathi, Flag Officer Commanding-in-Chief of the Western Naval Command, highlighted that the Navy’s commitment to sustainability aligns with its long-term vision of becoming an eco-friendly force.
India undertakes major port review to enhance capacity and drive green transformation
India has started a thorough assessment of its port infrastructure in an effort to improve port efficiency and adopt sustainable practices.
Keel laid for India’s largest dredger at Cochin shipyard for dredging corporation of India
Cochin Shipyard, one of India's leading shipbuilders, is constructing the dredger under a strategic partnership with the Dredging Corporation of India.
India invites Japan and South Korea to join ‘Maruti Moment’ in domestic shipbuilding
India seeks to replicate the success of its automobile industry, where international collaborations, such as that with Maruti Suzuki, revolutionized manufacturing.
Japanese and Korean shipbuilders express interest in investing in India: Sarbananda Sonowal
The minister noted that the interest from these global shipbuilders aligns with India’s broader efforts to boost self-reliance in shipbuilding through the Aatmanirbhar Bharat initiative.
Maritime council approves multi-state shipbuilding park at Goa meeting
The multi-state shipbuilding park will involve coordinated efforts from key coastal states, each contributing land, resources, and infrastructure to create a large-scale industrial complex for shipbuilding and related activities.
MSC and Maersk compete for control of Denmark’s largest container port
The Port of Aarhus, Denmark's busiest container terminal, has become the focal point of high-stakes competition due to its prime location and significant capacity.
APEDA partners with Lulu group to boost global market for Indian organic products
The MoU marks a strategic collaboration between APEDA, a government agency responsible for the promotion of agricultural exports, and Lulu Group, a major global retailer with a strong presence in the Middle East, Asia, and Africa.
Volume surge strains GTI capacity at Nhava Sheva port
Industry reports indicate that the terminal’s capacity to handle cargo has been stretched due to a combination of factors, including higher-than-expected import and export volumes, delays in vessel berthing, and longer turnaround times.
ClassNK releases updated guidelines for liquefied hydrogen carriers
The Edition 3.0 guidelines were developed in close collaboration with industry stakeholders and regulatory bodies, reflecting the most up-to-date knowledge and best practices in hydrogen transportation.
Global container ports: Asia leads in efficiency, Europe and North America focus on innovation
Ports like Shanghai, Singapore, and Ningbo-Zhoushan lead the pack, with Shanghai retaining its title as the world’s busiest container port, handling over 47 million TEUs (Twenty-foot Equivalent Units) annually.
IIAC signs MoU with MoPSW to establish India international maritime dispute resolution centre
The Indian Institute of Arbitration and Mediation (IIAC) signed a Memorandum of Understanding (MoU) with the Ministry of Ports, Shipping and Waterways (MoPSW) to establish the India International Maritime Dispute Resolution Centre (IIMDRC).
Ministry of Ports, Shipping and Waterways resolves 100 key issues at 20th MSDC, launches IIMDRC initiative
The purpose of the meeting was to officially establish the Indian Infrastructure Maritime Dispute Resolution Committee (IIMDRC), a project designed to resolve conflicts in the maritime industry.
Indian Navy commissions submarine escape training facility ‘Vinetra’ in Visakhapatnam
"Vinetra" (विनेत्र), meaning "Trainer," is a testament to India’s growing self-reliance in defense capabilities and commitment to modernizing its naval infrastructure.