US sanctions part of efforts to cut Iran’s crude exports to zero & prevent country from advancing its nuclear programme. Tehran's oil exports generated around $53 bn in revenue in 2023.
Modern innovations may have reshaped marine industry but preserving traditional knowledge vital for heritage, sustainable practices, says ex-director general of Shipping Malini Shankar.
Electric boats that run on batteries are an option for short sea journeys in smaller vessels like passenger ferries. But longer routes with bigger boats are not yet possible.
Vadhavan will be 3rd major port in Maharashtra after Jawaharlal Nehru Port & Mumbai port. Shipping ministry officials say it will boost trade due to proximity to international trade route.
With the ongoing conflict at the Red Sea, India needs to take a long-term view of the PLI scheme and its ambition to emerge as a hub of shipping containers.
In ‘Swadeshi Steam’, AR Venkatachalapathy traces the journey of India’s first indigenous shipping company Swadeshi Steam Navigation Company and its founder VO Chidambaram Pillai.
Projects comprise a 310-metre-long dry dock, constructed to international standards, and International Ship Repair Facility, India’s first fully developed pure ship repair ecosystem.
The standing committee on transport, tourism, and culture tabled its report last week. It said a balance had to be struck with ‘national strategic interests’.
Past FTAs failed to yield much benefit because they exposed domestic industries to global competition without strengthening the manufacturing ecosystem.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
PTC Industries is investing Rs 1,000 cr in 4 manufacturing plants in UP, has already started supplying titanium parts to BAE Systems for its M-777 howitzers that India also uses.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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