The National Investment and Infrastructure Fund (NIIF), India’s first sovereign wealth fund, and Dubai-based ports operator DP World have announced the creation of an investment platform to invest up to $3 billion in ports, terminals, transportation and logistics businesses in India…
French based CMA-CGM, a member of the Ocean Alliance, began the new INDIAMED service to Mumbai with the arrival of the 5,009 TEU capacity CMA CGM Virginia at APM Terminals Mumbai. The service, linking South Asia with ports in the Arabian Gulf and Mediterranean…
Concerned with declining market of Indian seafarers industry despite having high population in comparison to its rival countries, representatives of leading shipping associations in the country have joined a ‘task force’ or committee formed…
Coal will remain India's main energy source for the next three decades although its share will gradually fall as the country pushes renewable power generation, according to a government report seen by Reuters. The country is the world's…
French shipping group CMA CGM and Adani Ports and Special Economic Zone (APSEZ), India’s leading port infrastructure developer and part of the Adani Group, today signed a joint venture agreement, to operate a new container terminal (CT4) at Mundra Port…
Maersk Line said that the growth of EXIM container trade of India in the current year is likely to be in two digits. The export-import container trade volume of India grew by 10% for the full year 2016, which was double of 2015, that too amid weak global trade…
The government of India is working on a policy to make India a global destination for cruise shipping and efforts are on to identify such circuits, besides a slew of steps, to boost infrastructure, Shipping Minister Nitin Gadkari has said. According to a report by Press Trust of India…
APM Terminals Mumbai, India’s busiest container terminal, has embraced ‘Direct Port Delivery’ (DPD)service initiated by the Indian government as part of its “Ease of Doing Business Program” to enhance India’s access to the global logistics chain…
GAC Shipping (India) Pvt Ltd has appointed C Krishnakumar as the General Manager, Logistics Services for its Chennai office to take care of the growing logistics demand in the South India market, with a primary focus on the pharmaceutical and automotive industries…
India’s position to 35th rank in the latest bi-annual World Bank Logistics Performance Index (LPI) report will open many corridors of opportunities as industry will witness swift growth in international as well as inter-state freights, an effect…
India plans to form an alliance with Japan and South Korea to buy liquefied natural gas (LNG) at 'reasonable prices', the country's oil minister Dharmendra Pradhan said. India may soon rope China into the alliance as well, he said. A…
Indian Prime Minister Narendra Modi signed a deal to develop the Chabahar port in Iran for which India will extend $500 million. The historic pact makes Chabahar the first foreign port which India is involved in developing to such a large extent…
Indian Petroleum Minister Minister Dharmendra Pradhan says India has expressed interest in setting up an LNG terminal at Chahabar port in Iran to ship back home natural gas from Persian Gulf nation, reports PTI. India is ready to invest…
India and the United States have agreed to strengthen their cooperation on maritime security, as concerns grow in Washington over Beijing’s growing military ambitions, reports AFP. India and the USA had agreed to two new projects under the Defence Trade and Technology Initiative (DTTI)…
India’s major ports controlled by the union government recorded a 4.3% year-over-year increase in container throughput in fiscal year ended March 31, 2016, says a report in the Times of India. The irony is that while ports handled by the private sector witnessed a slowdown in shipments…
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