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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Shipping banks offer cheaper loans to greener companies, not individual ships
The trend reflects growing pressure on the global shipping industry to reduce its carbon footprint and comply with international environmental regulations.
Shipping technology secures strategic investment from first Dutch to drive growth
Shipping Technology’s CEO highlighted that the investment would allow the company to fast-track its R&D initiatives and deliver cutting-edge solutions that address the industry’s most pressing challenges, including fuel efficiency and regulatory compliance.
MPA approves night movement for line-towed container barges at Pasir Panjang terminal
The decision to allow night operations for line-towed container barges at Pasir Panjang Terminal also reflects Singapore's proactive approach to managing the increasing complexities of global trade.
MSC poised to become anchor customer for Vizhinjam international seaport
Vizhinjam International Seaport, developed by the Adani Group, is set to become one of India’s most significant deep-water ports. With its natural deep draft of 20 meters, the port is designed to handle some of the world’s largest container ships, providing a crucial gateway for trade between Asia, Europe, and Africa.
SeaLead launches new shipping service connecting far East, India, and Djibouti
The company highlighted that the new service will not only improve access to key African and Asian markets but also foster stronger trade relations between the regions.
India’s dependence on Chinese imports for MSME goods declines
Indian MSMEs still struggle to get access to cutting-edge technologies and scale their operations. Nonetheless, it is anticipated that continued government support and reforms will address these issues and hasten the reduction in reliance on Chinese imports.
Finance Minister Sitharaman reviews capital expenditure for road transport and communications
The review focused on several key areas, including the status of major road projects, the implementation of highway development schemes, and advancements in communication infrastructure.
Union Ministers Sonowal and Goyal chart course for India’s maritime growth and global trade dominance
During the meeting, Sonowal and Goyal explored various initiatives designed to drive the development of port facilities, streamline logistics, and improve the overall efficiency of India’s maritime sector.
China to create world’s largest shipbuilding giant with CSSC-CSIC merger, strengthening maritime dominance
It is anticipated that this merger will reduce duplication, boost productivity, and stimulate innovation, putting the new company in a stronger position to take on South Korean and Japanese shipbuilders, who have historically dominated the sector.
India tightens export controls: DGFT updates SCOMET list to align with global security norms
The updated SCOMET list introduces several new items under its various categories, including chemicals, microorganisms, materials, and advanced technologies.
India’s export-linked jobs decline, sparking economic concerns
Industry leaders have welcomed the government’s efforts but emphasize the need for sustained and comprehensive strategies to address the root causes of the decline.
India-Singapore relations set for expansive growth amid strategic collaborations
Technological collaboration has emerged as a focal point in the bilateral agenda. Singapore's expertise in urban planning and digital infrastructure aligns with India’s ambitious Smart Cities Mission.
Bangladesh opens Bhomra land port for imports, eases trade bottlenecks
Government officials have expressed confidence that this move will improve trade efficiency and enhance economic ties between Bangladesh and India.
Colombo Port records strong performance, reinforces role as regional maritime hub
In the first half of the year, Colombo Port handled a significant volume of container traffic, reflecting a steady recovery in trade activities following the disruptions caused by the COVID-19 pandemic.
Eastern Economic Forum in Vladivostok unveils new prospects for Indo-Russia cooperation
The forum also witnessed discussions on collaboration in agriculture, pharmaceuticals, and technology. India's growing expertise in these sectors aligns well with the developmental needs of the Russian Far East, creating a win-win scenario for both countries.
Top industry players compete for dredging contract at Vadhavan port
Among the bidders are some of the most renowned names in the dredging sector, including Dredging Corporation of India (DCI), Jan De Nul, Van Oord, and Boskalis. These companies bring a wealth of experience and expertise to the table, having executed similar large-scale projects globally.