Maritime Trade News - Latest Updates & Headlines
Indian port industry to grow 4-7 pc over next 5 years, supported by rising imports, declining freight costs: Report
New Delhi, March 16: Indian port industry will grow at the rate of 4-7 per cent over the next five years, supported by rising imports, a decline in freight costs, and the normalization of global supply chains, according to a report by Motilal Oswal.
Govt keen to promote shipbuilding in India: Piyush Goyal
New Delhi, Feb 26: India offers a huge opportunity for the shipbuilding industry and the Government is looking at ways to promote the sector, Union Minister of Commerce and Industry Piyush Goyal said.
India's ports sector set for major growth with 500-550 MTPA capacity expansion annually by FY2028
New Delhi, February 23: India's ports sector is poised for significant growth between Financial Year (FY) 2023 and FY2028, with the sector projected to add 500-550 MTPA (Maximum Torque Per Ampere) of capacity annually, according to a report by Motilal Oswal Financial Services.
Tripura to be linked through waterway with Kolkata via B'desh: Sarbananda Sonowal
Agartala, Feb 12: Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal on Wednesday said that northeastern state of Tripura would be connected with Kolkata, Visakhapatnam, Paradeep via Bay of Bengal once inland waterways connectivity with Bangladesh commences.
Adani Ports handles highest-ever monthly cargo of 39.9 MMT in Jan, up 13 pc
Ahmedabad, Feb 4: Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday said it handled its highest-ever monthly cargo volume of 39.9 million metric tonnes (MMT) in January, which was up 13 per cent year-on-year.
India's major ports record 3.2 pc rise in cargo during Dec, Deendayal Port leads
New Delhi, Jan 28: India's 12 major ports, owned by the Central government, handled 72.2 million tonnes of cargo in December, recording a 3.22 per cent growth over the same month of the previous year.
US taking back Panama Canal, didn't give it to China : President Donald Trump
Washington, DC, January 21: Claiming that China is "operating" the Panama Canal, President Donald Trump in his inaugural address on Monday said that "we're taking it back" as the US has been treated 'unfairly.'