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Top indiaseatradenews.com News

Canada, India agree to name new high commissioners at G7 meeting
Canadian Foreign Policy · Canada

Canada, India agree to name new high commissioners at G7 meeting

44% Left coverage: 91 sources
Canada and India have agreed to designate new high commissioners and restore regular diplomatic services to citizens in both countries following a meeting between Prime Minister Mark Carney and Prime Minister Narendra Modi on the sidelines of the G7 summit in Alberta. See the Story
India Soars in Aerospace: Dassault and Reliance Unveil Falcon Jet Partnership
Aviation · Nagpur

India Soars in Aerospace: Dassault and Reliance Unveil Falcon Jet Partnership

50% Right coverage: 12 sources
Anil Ambani's Reliance Infrastructure and Dassault Aviation have announced a strategic partnership to manufacture Falcon 2000 business jets in Nagpur, India. This marks a significant advancement in India's aerospace capabilities, positioning it as a key player in global aerospace manufacturing alongside major aviation countries.See the Story
Kerala High Court Orders Arrest of an MSC Boxship Over Elsa 3 Sinking
Justice · Kerala

Kerala High Court Orders Arrest of an MSC Boxship Over Elsa 3 Sinking

56% Center coverage: 9 sources
Drifts of miniscule plastic nurdles are washing ashore in Kovalam, Kerala after the sinking of the container ship MSC Elsa 3, which took on a list and sank off the coast on May 25. As the environmental damage from the casualty racks up, the High Court in Kerala has ordered the detention of another MSC ship to ensure that the market-leading container line can pay compensation. An Indian exporter, Sans Cashew India Private Ltd., has filed suit see…See the Story

JNPA’s Ex-Chief Manager_ 4 Others Booked for Causing Losses over ₹800 Cr

Coverage: 5 sources
MUMBAI: The Central Bureau of Investigation (CBI) has booked the former chief manager, Jawaharlal Nehru Port Authority (JNPA), and four others, including three firms, for cheating, conspiracy, corruption and causing losses of over ₹800 crore to JNPA. The alleged irregularities are linked to the dredging of navigational channels between 2003 to 2019. Jawaharlal Nehru Port Authority (HT Photo) The JNPA had dredged its navigational channel so that …Corruption · IndiaSee the Story

Iran-Israel Conflict: India's Stake in Chabahar Port and INSTC

100% Right coverage: 1 sources
India is closely observing the Iran-Israel conflict due to its strategic interest in the Chabahar Port and International North-South Transport Corridor (INSTC) projects.Asia · IndiaSee the Story

MSC ELSA 3 sinking trigger calls to build stockpile for emergency oil spill response and salvage operations - India Seatrade News

The capsizing and sinking of container ship ‘MSC ELSA 3’ off the coast of Kerala on May 25 has triggered calls for building a national-level Tier-3 emergency oil spill response and salvage operations stockpile at strategically important maritime hubs such as Kochi, Mumbai, and Chennai. “These facilities should include not only spill containment equipment but also container recovery systems, unmanned submersibles, and rapid response boats,” said …Kerala · KeralaRead Article

India hopes to build 10 times more ships in next five years - India Seatrade News

The Indian secretary for the Ministry of Ports, Shipping & Waterways has expressed India’s ambition to be among the top ten shipbuilding countries by 2030. This will be a significant increase from the current less than 1% contribution to global shipbuilding. “If we want to carry 20% of our cargo, we have to grow at a CAGR of not less than 17-18%. This is 10 or 20 times (our current production levels) in the next five years,”  T K Ramachandran, s…India · IndiaRead Article

Planned East Coast Freight corridor is top priority: DFCCIL MD - India Seatrade News

The proposed East Coast Freight Corridor is ‘top most priority’ for approvals among the three new proposed dedicated cargo tracks according to Praveen Kumar, Managing Director (MD) of Dedicated Freight Corridor Corporation of India Limited (DFCCIL). Speaking to the media on the sidelines of the Global Heavy Haul Seminar, Kumar said detailed project reports for three new freight corridors worth Rs 4.5 lakh crore have been prepared and sent for ap…World Bank · KharagpurRead Article

Finance Ministry Report Pushes For Upgraded Port Infrastructure For Export Cargo

A finance ministry report on Friday made a case for improving gate infrastructure including IT systems, scanning facilities, temperature-controlled facilities for perishable export cargo across ports. Also, post-clearance logistics processes need to be improved to achieve faster release time and streamlined movement of cargo.Finance and Corporate Affairs Minister Nirmala Sitharaman released the fifth edition of National Time Release Study, a per…Nirmala Sitharaman · IndiaSee the Story

Delta Ports sets new Iron Ore benchmark at Mormugao Port - India Seatrade News

Delta Ports Mormugao Terminal Private Ltd (DMTPL), the Public-Private Partnership operator at Mormugao Port Authority (MPA), Goa, has set a new record by loading 30,581 metric tonnes of iron ore pellets in just 24 hours. The cargo was loaded onto the vessel MV Vishva Chetna at Berth No. X, which berthed on the evening of June 16. The vessel is set to load a total of 67,500 MT of iron ore pellets for Mangalore Refinery and Petrochemicals Private …Mormugao · MormugaoSee the Story

Jawaharlal Nehru Port Authority Plans To Raise $3.5 Billion Debt For Vadhvan Port Project

The firm building what will become the largest port in India plans to raise as much as 300 billion rupees ($3.5 billion) of debt, giving lenders an opportunity to invest in one of the cornerstones of Prime Minister Narendra Modi’s infrastructure overhaul.Owners of the Vadhvan Port Project Ltd., located a few hours north of Mumbai, are looking to raise debt with tenors in the range of 15 to 20 years. They’re considering onshore and offshore marke…Narendra Modi · MaharashtraSee the Story

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