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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CONCOR expands DPD services to enhance efficiency in Indian cargo movement
DPD services allow importers to receive cargo directly from the port and bring it to their premises without intermediate handling at the container freight stations (CFS).
Severe flooding disrupts logistics operations in Bangladesh
The flooding, which has been described as some of the worst in recent years, has submerged key highways, railways, and river routes essential to logistics operations.
Rural Electrification Corporation to fund development of Vadhavan Port
The Vadhavan Port project, located in Dahanu, is designed to alleviate congestion at Mumbai's Jawaharlal Nehru Port (JNPT) and cater to the growing demand for port infrastructure on the western coast.
New funding avenues emerge for India’s shipbuilding and shipping sectors
Industry experts have welcomed these initiatives, noting that they could significantly enhance the capacity and competitiveness of India’s maritime sector.
Indian ports brace for potential strike as negotiations with workers loom
The All India Port and Dock Workers Federation, representing a vast majority of port employees, is leading the charge for better wages, improved working conditions, and the safeguarding of jobs amidst ongoing privatization efforts.
Swiss auction of Indira container terminal fails to attract bidders
The Indira Container Terminal, a key asset in Mumbai’s port infrastructure, has been plagued by operational challenges and financial difficulties, which may have contributed to the lack of interest in the auction.
Transformers and Rectifiers India secures $17 million export orders, boosting global presence
The orders, which span multiple countries, reflect TRIL’s strong reputation for delivering reliable and efficient transformers, which are crucial for power generation, transmission, and distribution.
Sarbananda Sonowal assesses progress of national maritime heritage complex in Lothal
The NMHC project is set to be a landmark development designed to highlight India's historical maritime achievements and foster tourism in the region.
Major ports call for worker discussions ahead of imminent strike
The ports, which include some of the largest and busiest facilities in the country, are seeking to address key concerns raised by the unions.
MMRDA to construct double-decker bridge over Vasai Creek
The MMRDA has stated that the project is part of a broader strategy to improve infrastructure in the Mumbai metropolitan region, which has been grappling with rapid urbanization and increasing transportation demands.
Indian ports association and labor unions begin crucial negotiations
The IPA, on the other hand, has highlighted the necessity of reforms to enhance the competitiveness of Indian ports in the global maritime industry.
AAL shipping launches Europe-Asia express liner service
The EAX service will offer regular sailings between Northern Europe and key Asian ports, including China, South Korea, and Japan.
JNPA aims for capacity upgrade to 10 million TEUs by april 2025
JNPA’s target of 10 million TEUs by 2025 is part of a larger plan to enhance the port’s overall efficiency and sustainability.
Train services commence on newly laid Bhairabi-Hortoki rail section in Mizoram
The Bhairabi-Hortoki section, stretching over 84 kilometers, is part of the ambitious North East Frontier Railway (NFR) project aimed at expanding rail connectivity in the northeastern states.
India exempts foreign shipping lines from GST on import services
Industry experts have welcomed the government’s decision, noting that it aligns with India’s broader objective of becoming a global trade hub.
Mumbai port unveils major initiatives, signs projects worth ₹4,000 crore
Mumbai Port’s modernization efforts are aligned with the Indian government’s broader vision of enhancing the country’s maritime infrastructure.