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.
Maersk implements adjustments to PSS rates from Indian subcontinent and Middle East to North America
The PSS increase is a component of Maersk's larger plan to match the dynamics of the market and operating expenses with its pricing structure.
RCL unveils two new 12,000 TEU vessels in naming ceremony at Japanese shipyard
The shipyard, known for its high standards of craftsmanship and innovation, played a crucial role in the construction of these state-of-the-art vessels.
Odisha cabinet approves transfer of 95% equity in Gopalpur port to Adani ports
The equity transfer is consistent with Odisha's overarching objective of utilising private sector know-how to enhance and modernise its port infrastructure.
Ports around the Red sea face severe decline in deep-sea calls amidst regional instability
Ports that once benefited greatly from heavy traffic are currently dealing with declining earnings, decreased operational throughput, and more economic pressure.
Rising maritime security threats in the Red sea and Gulf of Guinea raise global concerns
The Gulf of Guinea, along the West African coast, has become notorious for piracy, accounting for over 95% of global kidnappings at sea in recent years.
Vizhinjam port set to challenge Colombo’s dominance in Indian ocean transshipment
As the port gears up for full operations, it is expected to play a pivotal role in enhancing India’s competitiveness in global trade, reducing dependence on external hubs, and positioning India as a major player in the Indian Ocean shipping corridor.
Sonowal to lead crucial talks on Sagarmala, port connectivity at 20th MSDC meeting
Improving port connectivity, both road and rail will be another focal point. Strengthening this aspect of logistics is crucial for ensuring seamless transportation of goods from ports to hinterland destinations.
India’s pivotal role in the Middle East-Europe-India Economic Corridor: Revolutionizing global trade
The nation is ideally situated to serve as a gateway between Europe and the Middle East, acting as a pivotal hub in the corridor. This new trade route will require smoother movement of goods, and Indian ports and logistics networks will be crucial to making this happen.
Bengal Tiger Line unveils China-India shipping service
Major ports on China's east coast and India's west coast, including Mumbai, Jawaharlal Nehru Port, Kandla, Ningbo and Hong Kong, will have regular and direct shipping connections thanks to the CIW service.
India to greenlight ₹2 lakh crore highway projects by December, enhancing national connectivity
India's increasing industrialisation and urbanisation have made it essential to concentrate on constructing strong highways. It is projected that these upcoming projects will boost economic activity in the logistics and construction industries and generate a significant number of job opportunities.
Adani ports gets concession agreement for Deendayal port multipurpose terminal
Once operational, the terminal is expected to handle approximately 23.5 million tonnes of cargo annually, contributing significantly to India’s maritime trade.
Government of India launches trade portal to streamline exports and imports
The new portal provides a range of features designed to make the process more transparent and user-friendly. Exporters and importers can now access real-time information on various trade regulations, tariffs, and documentation requirements for different countries.
Gujarat maritime board identifies 4 locations for port-led city development
GMB officials have highlighted that the upcoming port-led cities will be designed to accommodate industrial parks, residential zones, and commercial spaces alongside essential services such as schools, healthcare facilities, and recreational areas.
India-Middle East-Europe economic corridor to boost maritime security, Says Piyush Goyal
The Middle East, Europe, and India are expected to be better-connected thanks to the groundbreaking India-Middle East-Europe Economic Corridor (IMEEC)
Indian technical textile exports expected to surpass $10 billion by 2030
Industry experts predict that India’s technical textiles sector will continue to evolve, driven by innovation and the ability to cater to niche markets.
Logistics sector crucial to India’s $5 trillion economy ambition
The logistics industry, currently valued at over $215 billion, is expected to grow exponentially as the government pushes for large-scale infrastructure projects.