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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India-China geopolitical rivalry escalates in the Indian Ocean Region
The Indian Navy has expanded its presence in the region, conducting joint exercises with allied nations and enhancing its surveillance capabilities.
DPIIT secretary visits proposed Dighi Port industrial area to review development plans
The industrial area is anticipated to become a vital node in the national logistics network, contributing to the efficiency of trade and industrial processes.
DP World Mundra sets record throughput, boosts Gujarat’s global trade connectivity
Industry experts view DP World Mundra’s record throughput as a positive indicator of India’s growing trade potential and its ability to compete on the global stage.
Technological advancements crucial for cutting maritime sector emissions, new DNV report reveals
The DNV report underscores that while the maritime industry has made strides in improving fuel efficiency and reducing emissions, further progress is critical to meeting international environmental targets.
India achieves trade surplus with 151 nations, strengthening global economic standing
India’s trade surplus with 151 nations is a testament to its competitive advantage in various industries. Indian goods and services are increasingly preferred globally due to their quality, cost-effectiveness, and reliability.
APSEZ acquires 80% stake in global OSV operator Astro Offshore for $185 million
Astro Offshore, headquartered in Singapore, has established itself as a key player in the OSV industry, providing essential services to the offshore oil and gas sectors worldwide.
Piyush Goyal to lead high-level meeting with states on industrial growth
The agenda for the meeting includes discussions on boosting manufacturing, improving the ease of doing business, and attracting both domestic and foreign investments.
VOC Port sees substantial cargo volume surge in August 2024
The port’s success in August also reflects broader trends in the global shipping industry, with increased demand for maritime transport as global trade continues to recover.
DNV and Mumbai Port Sustainability Foundation sign MoU to boost sustainability initiatives
Under the terms of the agreement, DNV will provide its expertise in sustainability assessment, risk management, and certification services to support Mumbai Port’s efforts to achieve its environmental goals.
Amazon India partners with Indian railways to speed up nationwide deliveries
The partnership is designed to optimize Amazon’s logistics operations by utilizing the extensive reach of Indian Railways, which connects nearly every corner of the country. Through this agreement, Amazon aims to reduce delivery times, particularly in tier 2 and tier 3 cities, where logistics can often be a challenge due to limited infrastructure.
India holds strategic talks with Kenya and Tanzania to reach USD 200 billion trade target
For Kenya, agricultural exports and technology collaboration were key areas of focus, while discussions with Tanzania centred around opportunities in mining, tourism, and renewable energy.
Chennai rises as a key hub for warehousing and logistics parks
The development of Chennai as a logistics hub is underpinned by several factors, including its proximity to major ports, extensive road and rail networks, and a thriving manufacturing sector.
Commerce Ministry advocates for enhanced investment in industrial parks to bolster economic growth
A senior official from the Commerce Ministry emphasized the strategic importance of industrial parks in boosting economic activity.
Government’s emphasis on coal logistics accelerates 38 rail projects nationwide
The acceleration of these rail projects comes as India continues to grapple with energy security challenges, largely driven by increasing industrial demand and fluctuating global energy markets.
Mazagon Dock Shipbuilders Limited set to secure major export deal with Brazil
Mazagon Dock Shipbuilders Limited (MDL), one of India’s leading shipbuilding firms, is on the verge of securing a significant export contract with Brazil, marking a milestone in the company's international ambitions.
NITI Aayog advocates higher import duties on edible oils to boost domestic production
NITI Aayog's proposal suggests that by raising import duties, the government can create a more favorable environment for domestic farmers and producers, encouraging them to increase the cultivation of oilseeds such as mustard, soybean, and sunflower.