Cabinet officials
Minister of Ports and Civil Aviation Anura Karunathilaka attended the India Maritime Week 2025, where he highlighted the importance of the maritime industry in fostering regional economic growth and connectivity. The Minister commended India's Sagarmala programme and Maritime India Vision 2030, emphasizing the potential for joint efforts between
International trade
The Eren Railway Port in China's Inner Mongolia Autonomous Region has seen a significant increase in exports and imports since the beginning of 2025, with a total volume of over 15.01 million tons by October 30th. This represents a 4 percent year-on-year growth and a notable 11-day
Ports
A Ukrainian drone attack damaged and set ablaze a tanker and infrastructure at the major oil terminal in Russia's key Black Sea port of Tuapse overnight, according to authorities in the southern region of Krasnodar. The attack followed a day after traders informed Reuters that shipments from the
Cabinet officials
Minister of Works, Dave Umahi, has directed Arab Contractors handling the rehabilitation of the Enugu-Port Harcourt Expressway to complete the remaining 4.5-kilometre Abia section by the end of November. Mr Umahi expressed dissatisfaction with the slow pace of work on the section, warning that the contract would be revoked
International trade
The India Maritime Week 2025 has witnessed the signing of investment pledges worth 12 lakh crore, with a significant focus on shipbuilding, union ports, shipping, and waterways. This development is in line with India's goal to rank among the top five shipbuilding nations globally by 2047. The investments
Ports
US President Trump's high-stakes meeting with Chinese President Xi Jinping in Busan, South Korea, resulted in concessions from the Chinese side, including the suspension of restrictions on rare earth exports and the purchasing of US soybeans. While both leaders claimed a win, analysts argue that China has emerged
International trade
At the recently concluded India Maritime Week 2025, a significant commitment of investment worth Rs 12 lakh crore was sealed, with a notable 20% of this being allocated towards shipbuilding, union ports, shipping, and waterways minister Sarbananda Sonowal announced. This development aligns with India's ambitious goal to rank
International trade
Union ports, shipping, and waterways minister Sarbananda Sonowal announced that investment pledges worth Rs 12 lakh crore have been signed at the India Maritime Week 2025, reflecting India's goal to rank among the top five shipbuilding nations globally by 2047. The development is significant as shipping accounts for
International trade
The state of Maharashtra in India is poised to accelerate industrial growth and strengthen logistics connectivity along its coastline with a projected INR 56,000 crore investment in the maritime and port sector. The investments, which are part of the state's ongoing efforts to make its ports key
Cabinet officials
Members of the Portfolio Committee on Trade, Industry, and Competition, and the Portfolio Committee on Transport met with black traders on concerns raised about the Minister of Transport's directive to renew leases at the Transnet Island View Precinct (IVP). The meeting aimed to follow up on the previous
Cabinet officials
India's Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, emphasized that the country's goal is to make its maritime industry greener, smarter, and more resilient. This vision is guided by the target of achieving Net Zero carbon emissions by 2070. The government has set ambitious targets
International trade
Pakistan's offer of using its Karachi port for the export of Bangladesh's goods and products has been made amid strained ties between Dhaka and New Delhi. This development comes two months after India banned the import of several jute products from Bangladesh through all land routes.
