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The Red Sea crisis: Lessons for logistics sector
Certain geopolitical complexities, such as the ongoing Red Sea crisis, present challenges in the smooth maritime operations and affect global trade. Pushpank Kaushik shares some valuable thoughts on sustaining the growth of India’s logistics and shipping sector amid these crises.Read more
Low voltage AC drive shipments exceed 20 m in 2023
According to the market intelligence specialist, the pace of low voltage (LV) AC drive market growth slowed last year and is expected to continue to do so in 2024, with steady growth returning to the global drives market in 2025.Read more
Indian exporters navigate global shipping challenges amidst Red Sea conflict
Dr Ajay Sahai, the DG and CEO of the Federation of Indian Exporters Organisation urged for local production of corrugated steel, a component not presently manufactured in India, through backward integration.Read more
PM Modi unveils Rs 4,000 cr Maritime Boost in Kochi for India's Nautical Advancement
These initiatives encompassed the construction of a 310-metre-long New Dry Dock (NDD) at Cochin Shipyard Limited (CSL).Read more
Welspun New Energy, Gujarat Pipavav Port join forces for Green Hydrogen Hub
Welspun World, operating through Welspun New Energy, has committed a substantial investment exceeding Rs 40,000 crores to contribute to Gujarat's decarbonisation objectives.Read more
Red Sea attacks spark shipping disruptions, pose inflation risk
Following the assault by Iran-backed Houthi militants on commercial vessels in the Red Sea, shipping companies are redirecting their cargoes, opting to sail around Africa instead of using the Suez Canal's shorter route.Read more
Minister assigns top priority to critical projects of the Northeast by Jan, 2024
Sarbananda Sonowal chaired a meeting of the Ministry of Ports, Shipping & Waterways (MoPSW) and Ministry of Ayush (MoA) to review the ongoing projects of both the ministries in the Northeast region.Read more
Automation enhancing the efficiency for Jassper Shipping
Automating shipping processes is crucial in today's logistics landscape, with technology playing a pivotal role. By integrating and processing data from various sources, real-time demand forecasting and efficient inventory management can be achieved.Read more
India introduces new import authorisation system for Laptops and Tablets
The new "import management system" will be implemented from November 1. Companies are required to register the quantity and value of imports, but the government will not deny any import requests.Read more
Mazagon Dock Shipbuilders shows strong Q1FY24 results
Mazagon Dock Shipbuilders Limited announced through an exchange filing that it had entered into a letter of intent with a European client for the construction of 6 firm and 4 optional units of 7500 DWT Multi-Purpose Hybrid Power Vessels.Read more