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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Strategic Marine delivers cutting-edge 42-meter fast crew boat pair to ADNOC LS
The vessels' capabilities include rapid transit speeds and robust performance in challenging sea conditions, making them well-suited for the dynamic operational demands of ADNOC LS.
DPA chairman conducts inspection to ensure port preparedness for rainfall red alerts
With the region frequently experiencing monsoonal downpours, the inspection was aimed at identifying potential vulnerabilities and implementing preventive measures to mitigate the impact of heavy rainfall on port activities.
The Rural Electrification Corporation and JNPA sign pact to finance projects worth up to ₹45,000 crore
Among the key projects expected to benefit from this financing arrangement are the expansion of container handling facilities, the construction of new berths, and the implementation of state-of-the-art technology to enhance operational efficiency.
Indian government establishes NBFC to boost maritime infrastructure under Sagarmala project
The NBFC, launched by the Ministry of Ports, Shipping, and Waterways, will play a pivotal role in channelling funds to key projects under the Sagarmala initiative, which aims to reduce logistics costs, enhance port connectivity, and promote sustainable development along India’s extensive coastline.
Global container manufacturers overbooked amid surging demand in shipping industry
Manufacturers, particularly in China, which dominates the global container production market, are struggling to keep up with the influx of orders.
Major port authorities and workers reach amicable settlement, averting disruptions
The settlement addresses a range of issues that had been a point of contention between port management and the workers, including wage revisions, job security, and working conditions.
Ghaziabad to get orbital rail link, connecting Haryana, Noida, and Greater Noida
The project will connect Ghaziabad to important industrial and residential hubs in Haryana and the twin cities of Noida and Greater Noida, providing an efficient alternative to road transport, which is currently plagued by heavy traffic and frequent bottlenecks.
Jawaharlal Nehru Port Authority to offer shore power to ships by 2030 in push for green port initiatives
This technology is particularly effective in cutting down pollutants such as nitrogen oxides (NOx), sulfur oxides (SOx), and particulate matter, which are typically produced by ships running on diesel while berthed.
Indian railways considers nuclear power to achieve net-zero emissions by 2030
India's overall energy strategy, which prioritizes the development of sustainable technologies and the diversification of energy sources, is in line with the country's shift towards nuclear energy.
Hambantota International Port projects 50% growth amid expanding capabilities
Hambantota International Port (HIP) is set to achieve a remarkable 50% growth in its operational throughput by the end of 2024, signaling a significant expansion in its role as a strategic logistics hub in South Asia.
Goa abandons plans for state maritime board, citing financial constraints
The proposal for a State Maritime Board had been under consideration for several years, with the goal of streamlining the management of Goa’s ports and inland waterways and promoting maritime trade and tourism.
Express Global Logistics successfully completes complex cargo movement from China to India
The project involved the movement of critical equipment, including a 100-tonne transformer and several oversized components, from a manufacturing facility in China to the final destination in India.
Logistics costs plummet at Chittagong port following syndicate crackdown
This crackdown has resulted in a notable decrease in transportation costs, with reports indicating that logistics expenses have dropped by as much as 20% in recent months.
Chennai to host high seas treaty discussions, marking a pivotal moment for ocean governance
The fair distribution of marine genetic resources, environmental impact assessments, and the creation of marine protected areas are anticipated to be among the main topics of discussion at the Chennai event.
Major ports risk daily loss of ₹125 crore amid potential workers’ strike
The potential strike threatens to paralyze operations at major ports, including Mumbai, Chennai, and Kolkata, disrupting trade and impacting the economy.
Shipping ministry launches annual dialogue on maritime strategy to boost sector growth
The inaugural dialogue, set to take place later this year, will focus on key themes such as sustainable shipping practices, enhancing port connectivity, and the role of digitalization in maritime operations. It will also address policy reforms and regulatory frameworks necessary to support the sector's expansion and modernization.