Amazon.com Inc said it shipped more than 1 billion items worldwide this holiday season, which the top online retailer called its best ever, and its shares rose 1.6 percent in afternoon trade.
If all goes well, expect India to see a more vibrant coastline, and the emergence of many more jobs
Gadkari also said Sagarmala programme will also save India close to $6 billion in logistics costs every year
Tech giant Samsung Electronics Co Ltd touched two-week lows on Thursday on concerns for mobile earnings after it delayed shipments of its premium Galaxy Note 7 smartphone amid reports of exploding batteries.
India's shipping ministry announced its keenness to promote renewable energy by installing solar and wind power systems at all major ports in the country.
Singapore-based MariApps Marine Solutions Private Limited was on Saturday the first company to open its office at the recently launched SmartCity Kochi.
Gadkari also said that for a five-year term, the Shipping Ministry is targeting to get investments worth $60 billion
A cursory glance at some of his statements leads one to wonder if the transport (and also shipping) minister is making promises he may find difficult to live up to
People will soon be able to go to Agra sailing on the Yamuna as the Centre has sought help from the Netherlands government, said Nitin Gadkari.
“There is no question of demolishing ‘Ramar Sethu’ (mythical bridge built by Lord Rama to reach Lanka) while implementing Sethusamudram Shipping Channel Project,” he told reporters after inspecting the area by air in a Coast Guard aircraft and through sea by hovercraft.
Providers of AIS tracking system advised on possible inflection point.
Union Minister G K Vasan today claimed India would be the "next hub" of ship-building industry among the emerging economies, though the industry is still reeling under the global economic slowdown
West Bengal and Odisha are likely to resolve the differences over port limits at a stakeholders' meeting in New Delhi June 4, Kolkata Port Trust (KoPT) chairman RPS Kahlon said Friday
This is the second time in the last couple of years that the JV has been put on hold by the Defence Ministry amid complaints by the rival private shipyards.
To jointly work towards providing shippers, forwarders, 3PLs and carriers with improved quality of service for their end-customers.
Container shipping liners are planning to increase the freight rates which was stagnant for a long time in spite of increase in fuel costs and reduced earning said Shipping Minister GK Vasan.
Mohandas said that Shipping Corp, with cash reserves of Rs 25,000 crore and debt-equity ratio of 0.66 percent, was well placed to come out of the downturn once the economic situation improves.