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| December 2024 |
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South Korean container transportation and shipping company HMM announced on 17th December that starting February 2025, it will launch new container services on the Atlantic and India-Europe routes. The new services will be the Trans Atlantic 1 (TA1)...read more |
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The Union Minister of Ports, Shipping & Waterways (MoPSW), Shri Sarbananda Sonowal unveiled a major policy initiative - ‘Jalvahak’ - incentivising movement of long haul cargo via National Waterways 1 (river Ganga), National Waterways 2 (river Brahmaputra), and National Waterways 16 (river Barak). .....read more |
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Vizhinjam International Seaport has been assigned a new location code - IN TRV 01 - which is easily identifiable with the capital city of Thiruvananthapuram. (The new code breaks down as follows: “IN” for India, “TRV” for Thiruvananthapuram, and “01” for the port.) This update replaces the previous code, ...read more |
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Udupi Cochin Shipyard Limited (UCSL), a wholly-owned subsidiary of Cochin Shipyard Limited (CSL), launched the first of six 3,800 Deadweight Tonnage (DWT) general cargo vessels for Norwegian shipping company Wilson ASA on 16th December, marking a significant milestone for India’s shipbuilding industry. .....read more |
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UNESCAP released a report titled ‘Energy Connectivity for Sustainable Development in Asia and the Pacific: Implementing the Regional Road Map on Power System Connectivity.’ The Report emphasizes the importance of energy connectivity in advancing sustainable development across the Asia-Pacific region.....read more |
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UNEP’s International Methane Emissions Observatory (or IMEO) published a report titled ‘An Eye on Methane 2024.’ The report takes stock of the progress made to harness a methane data revolution that can accelerate methane reduction at a global scale. It finds that engagement with the systems built to reduce emissions has not kept pace with pledges to act. .. read more |
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The RAND Corporation published a report titled ‘Supply Chain Uncertainty: Building Resilience in the face of impending threats.’ The report covers an analysis conducted in 2023 concerning supply chain vulnerability across a number of sectors....read more |
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U.S. Secretary of Commerce Gina Raimondo recently appointed 42 industry, business, and civil society leaders to the Environmental Technologies Trade Advisory Committee (ETTAC) to advise on ways that U.S. government programs and activities can strengthen the competitiveness of the U.S. environmental technologies industry. ...read more |
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Citing sources close to technology media company Meta, the media reported that the company plans to build a new, major, fiber-optic subsea cable extending around the world - a 40,000+ kilometre project that could require more than $10 billion of investment. Critically .....read more |
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The Department for Promotion of Industry and Internal Trade (DPIIT) has inked a partnership with HDFC Bank by signing an MoU to empower startups with world-class banking and financial services.......read more |
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Hindustan Petroleum Corporation Ltd. (HPCL) and National Industrial Corridor Development Corporation Ltd (NICDC) have partnered to integrate HPCL's APIs with India’s Unified Logistics Interface Platform (ULIP). .....read more |
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India’s Central Government has issued guidelines to formalise operation of empty (sea) container yards in the country and establish an efficient operation of Empty Container Depots (ECDs). There are around 1,500 ECDs in the country,...read more |
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WTO published a report titled ‘Trading with intelligence: How AI shapes and is shaped by international trade.’ The report examines the intersection of AI and international trade. It discusses how AI may shape the future of international trade by reducing trade costs, improving productivity and expanding economies' comparative advantages. .....read more |
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UNESCAP released a report titled ‘Advancing the green transition of SMEs: insights for SME development agencies to support sustainability practices and reporting.’ Given their scale, SMEs often face challenges in adopting environmental, social and governance (ESG) practices........read more |
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DNV, a classification society and advisor to the maritime industry, released a report titled ‘The Fuel Transition Roadmap for Nordic Shipping.’ The report responds to the IMO’s Strategy on Reduction of GHG Emissions from Ships, .....read more |
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