Ship owner asked to pay ₹125 crore for Kerala mishap

11 months ago

The ‘MSC ELSA 3’ container ship sank off Kerala coast on May 25. Its owner is responsible for pollution clean-up and compensation. The state government sought ₹9,531 crore. However, the owner’s liability is capped at ₹125 crore. This is due to an international maritime treaty. The treaty limits liability based on ship size and incident […]

Kolkata Port reports 21% growth in cargo during Q1’FY26

11 months ago

Syama Prasad Mookerjee Port, Kolkata (SMPK) showcased robust growth in the first quarter of FY’26, handling 17.18 million metric tons of cargo, a 21.21% increase year-over-year. The port experienced a significant surge in container traffic, with a 29.02% rise, alongside substantial increases in key commodities like vegetable oil, coking coal, and POL, solidifying its crucial […]

Fertiliser companies turn to EU, Russia & West Asia as China halts exports

11 months ago

India’s specialty fertilizer imports face disruption as China halts exports, prompting a shift to pricier alternatives from Europe, Russia, and West Asia. This situation, impacting crucial nutrients like MAP and CN, is expected to raise prices and potentially affect the productivity of India’s horticulture sector.

FTAs with Aus, UAE, UK to provide greater mkt access to Indian agri sector: Piyush Goyal

11 months ago

Commerce and Industry Minister Piyush Goyal stated that free trade agreements with developed markets like Australia, UAE, and the UK will significantly enhance market access for India’s agricultural sector. Despite a global slowdown, India’s agri exports reached Rs 4 lakh crore. These FTAs aim to open new opportunities for the sector.

Potential to increase agri, fishery exports to Rs 20 lakh cr: Piyush Goyal

11 months ago

Commerce and Industry Minister Piyush Goyal stated that India’s agri and fishery exports could surge to Rs 20 lakh crore with enhanced food processing, quality packaging, and branding. Currently, these exports stand at Rs 4-4.5 lakh crore. He emphasized the potential by citing examples of value-added food products and the growing global demand for millets […]

India’s iron ore pellet makers seek curbs on Iranian imports via Oman

11 months ago

Indian iron ore pellet makers are concerned about a surge in imports, allegedly from Iran via Oman, circumventing U.S. sanctions. These cheaper imports threaten the domestic industry, causing producers to operate at reduced capacity. The Indian Ministry of Steel is reviewing a petition from the Pellet Manufacturers Association of India regarding these concerns.

India to get Rs 10,000 crore from Cyprus firms in biggest maritime FDI since 2005

11 months ago

Big news for Indian shipping. Interorient Navigation and Danship & Partners, from Cyprus, are set to invest significantly. They plan to inject Rs 10,000 crore into the sector. This marks the largest foreign investment since 2005. The investment promises to boost India’s maritime capabilities. It will also create new opportunities within the industry.

India looking at exporting uranium from Namibia: Indian envoy ahead of PM Modi’s visit

11 months ago

Narendra Modi is visiting Namibia. India aims to import uranium from Namibia. Recent oil and gas finds in Namibia are of interest to India. Defence cooperation is also on the agenda. Modi will meet with Namibian President Netumbo Nandi-Ndaitwah. He will address parliament and interact with the Indian community. Discussions on Project Cheetah 2 are […]

India and US set to finalize mini trade deal: Key insights and implications

11 months ago

India and the US are nearing a mini trade deal, aiming to finalize the first phase by September-October with a goal to double bilateral trade to $500 billion by 2030. While sensitive agricultural issues remain, the focus is currently on industrial goods.

India negotiating trade agreements on its own terms: S Mahendra Dev, Chairman, EAC-PM

11 months ago

India is actively negotiating trade agreements with various countries, including the US. The focus is on national interest. Deals with the UK are expected to boost trade. Rural consumption is rising, and private investment shows signs of recovery. The government aims for 6.5% GDP growth in FY26.

Ship owner asked to pay ₹125 crore for Kerala mishap

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