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.
Allcargo logistics and Gati scale up operations and workforce ahead of festive season surge
To support this operational expansion, Allcargo and Gati have ramped up their workforce by hiring additional personnel across various functions, including warehouse management, transportation, and customer service.
ABB and Wallenius marine partner to trial innovative fleet support services with Tarntank
Together, they aim to optimize the performance of Tarntank's vessels by providing real-time data analytics, predictive maintenance, and remote support.
India’s first indigenous pollution control vessel, ICGS Samudra Pratap, launched in Goa
The Indian Coast Guard's newest vessel, ICGS Samudra Pratap, was built to guard India's extensive coastline and fight marine pollution.
Noida International Airport eyes pharma, agri, and mobile shipments as key cargo sectors
The pharmaceutical sector, with its stringent requirements for temperature-controlled environments, stands to benefit greatly from the airport's advanced cold chain facilities.
PM Modi lays foundation stone for Vadhvan port, signaling a new era in Indian maritime infrastructure
The project has already garnered interest from several global shipping lines and logistics companies eager to capitalize on the port’s advanced infrastructure and strategic location.
MSC’s Mega ship ‘Deila’ docks at Vizhinjam port, marking a milestone in India’s maritime sector
The Vizhinjam International Seaport, developed by Adani Ports and SEZ, is poised to play a transformative role in India’s maritime landscape. Once fully operational, it is expected to reduce logistics costs, improve the efficiency of India’s export-import trade, and enhance the country’s competitiveness in global markets.
New Bengal-Middle East express service links Haldia dock complex with UAE’s Jebel Ali port
The BMEX service is expected to facilitate the movement of a wide range of goods, including textiles, chemicals, machinery, and agricultural products, between India and the UAE.
NIA conducts raids at Cochin shipyard in connection with INS Vikrant theft investigation
The theft came to light earlier this year when naval authorities discovered that several high-tech components, including electronic circuit boards and other critical systems, were missing from the aircraft carrier. The incident prompted an internal investigation, which was later handed over to the NIA due to the potential national security implications.
Indian Navy commissions advanced training squadron at INS Dega, bolstering maritime readiness
INAS 324, also known as "Eagles," is the first ALH Mk-III squadron to be based on the eastern seaboard.
Adani Group’s Gopalpur port deal awaits Odisha cabinet approval
Industry insiders suggest that the Cabinet’s approval would pave the way for the Adani Group to take over operations at Gopalpur Port, which has been under private management but has faced challenges in scaling up to its full potential.
CJ Darcl Logistics sets new sustainability benchmark by transporting 34 excavators via rail
CJ Darcl’s decision to utilize rail for this massive shipment was driven by several factors, including the need to minimize environmental impact and enhance operational efficiency.
Andhra Pradesh set to become East Coast’s logistics hub, says CM Naidu
Chief Minister Naidu emphasized that Andhra Pradesh’s extensive coastline, with its well-developed ports, will be the backbone of this transformation. The state, which boasts 972 kilometers of coastline, is already home to major ports like Visakhapatnam, Krishnapatnam, and Kakinada.
Union Minister Sarbananda Sonowal approves wage structure revision for major port workers
The wage revision, which had been under discussion for several months, will affect workers across 12 major ports in India, including Mumbai, Chennai, and Kolkata. The new wage structure is expected to bring substantial financial relief to port workers, whose demands for better compensation have gained momentum amid rising living costs and inflation.
Maersk highlights global shortage of clean fuel amid green shipping push
This shortage could hinder the progress of global shipping companies in meeting the International Maritime Organization’s (IMO) goals for decarbonization by 2030 and beyond.
Cargo terminals at major ports demand pricing autonomy under PPP model
The Ministry of Ports, Shipping, and Waterways has indicated its willingness to consider proposals that would allow operators to set tariffs based on market conditions, subject to certain safeguards to protect the interests of users.
Garden Reach Shipbuilders & Engineers sets ambitious ₹10,000 crore revenue target for FY30
As part of its expansion plans, GRSE is exploring opportunities in both domestic and international markets. The company has been actively seeking export orders, particularly from countries in Southeast Asia, Africa, and Latin America, where there is growing demand for naval and coast guard vessels.