A Chinese state-owned firm said on Monday it plans to take its investment in Sri Lanka to $2 billion by building a major logistics hub. Sri Lanka is looking to kickstart its economic recovery after defaulting on its foreign debt last year, when shortages of...

Read More

Container shipping, globally, will be “under pressure” because of high interest rates and inflationary pressures across developed economies; which in turn brings in “recessionary traits”, says Pradeep Rajan, Head – Asia Freight, S&P Global...

Read More

Paradip Port Authority’s marine department has awarded Dredging Corporation of India a project worth ₹172 crore to dredge the approach channel, entrance channel, turning circle, docks and sand trap of the Paradip port for the year 2023-24. The contract is a...

Read More

On the occasion of the first anniversary of the implementation of the India-UAE Comprehensive Economic Partnership Agreement (CEPA), Commerce Secretary Shri Sunil Barthwal congratulated the people of India and the UAE on the milestone and talked about...

Read More

Asia and the Pacific is a relative bright spot amid the more somber context of the global economy’s rocky recovery. As the Chart of the Week shows, the region will contribute about 70 percent of global growth this year—a much greater share than in recent years. Our...

Read More

The board of Daewoo Shipbuilding & Marine Engineering (DSME) will likely approve the acquisition by five Hanwha companies of the debt-ridden shipbuilder next Monday, according to local media reports. A spokesperson at DSME said Tuesday the board meeting will be...

Read More