Maritime Logistics News - Latest Updates & Headlines
Adani Ports NQXT Acquisition is positive step towards global diversification: Fitch Ratings
New Delhi, April 25: Adani Ports and Special Economic Zone Limited's (APSEZ) acquisition of the North Queensland Export Terminal (NQXT) will support its international growth strategy, says Fitch Ratings.
Cargo traffic on India's inland waterways surges to all-time high of 145.5 million tonnes in 2024-25
New Delhi, April 15: The Inland Waterways Authority of India (IWAI) has achieved a record-breaking 145.5 million tonnes of cargo movement on the country’s national waterways during the fiscal year 2024-25, according to a statement issued on Tuesday.
Japan launches new maritime unit to counter China amid tensions over Taiwan Strait
Hiroshima, April 7: Japan's Defence Minister Gen Nakatani on Sunday expressed commitment to enhancing the transport capabilities of the Self-Defense Forces for remote southern islands via a newly established unit focused on maritime logistics amid rising tensions over the Taiwan Strait, as reported by Kyodo News.
Lok Sabha passes Coastal Shipping Bill, 2024
New Delhi, April 3: The Lok Sabha passed the Coastal Shipping Bill, 2024, paving the way for a dedicated legal framework for coastal trade as the maritime sector aims to provide a economical, reliable and sustainable mode of transportation as it decongest road and rail network.
Union Minister Piyush Goyal highlights ports, shipping, and logistics as key to India's economic growth
Mumbai, February 26: Union Minister of Commerce & Industry Piyush Goyal underscored the critical role of ports, shipping, and logistics in India's economic growth at the 12th Biennial International Conference on Ports, Shipping & Logistics 2025, held in Mumbai on Tuesday.
Piyush Goyal discusses shipping-logistics growth potential with Mediterranean Shipping Company
New Delhi, February 17: Commerce Minister Piyush Goyal had a productive meeting with Soren Toft, CEO of Mediterranean Shipping Company (MSC), and Deepak Tewari, MD, MSC Agency India.
Adani Ports logs 32% net profit growth in first three quarters of 2024-25
Ahmedabad, January 30: Adani Ports and Special Economic Zone Ltd on Thursday reported a 32 per cent growth in its net profit in the first three quarters of 2024-25. The net profit for the period -April to December 2024--was Rs 8038 crore versus Rs 6089 crore in the year-ago period, the company's earnings data showed Thursday.
Vizhinjam to emerge as India's biggest Port: Kerala Finance Minister
Thiruvananthapuram, January 28: Kerala Finance Minister KN Balagopal on Tuesday announced that Vizhinjam is set to become India's largest port within the next decade, establishing a new benchmark in the nation's maritime and port trade.
UAE ranks among top 35 countries with largest global maritime fleets
Muscat, January 18: The UAE has ranked among the top 35 countries globally with the largest shipping fleets by tonnage and capacity, according to the 2024 report by the United Nations Conference on Trade and Development (UNCTAD).