New Delhi, July 23 (IANS) Panama is India’s natural gateway to Central America, Latin America and the Caribbean, and there is a need to improve shipping connectivity, deepen logistics partnerships and accelerate institutional cooperation to realise the untapped potential of bilateral trade, according to the government.Under the visionary leadership of Prime Minister Narendra Modi, India’s maritime sector is undergoing a transformational journey driven by world-class infrastructure, modern logist…
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New Delhi, July 13 (IANS) India and Poland on Monday held discussions and reaffirmed their shared commitment to strengthening cooperation across political engagements, trade and investment, technology, defence, culture, the fight against global terrorism and other areas of mutual interest. The discussions were held during a meeting between Secretary, West, Ministry of External Affairs (MEA), Sibi George, and Poland’s Secretary of State, Ministry of Foreign Affairs, Wladyslaw T. Bartoszewski and …
New Delhi, July 3 (IANS) In a major milestone for India’s maritime and manufacturing sectors, Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal on Friday unveiled the first export-import (EXIM) shipping container manufactured in India for global shipping major A.P. Moller–Maersk at the Maersk-CONCOR Inland Container Depot in Uttar Pradesh’s Dadri.Maersk also placed an order for 1,000 additional India-manufactured shipping containers with DCM Shriram Group during the event. Thi…
New Delhi, June 30 (IANS) Drones are set to remain among the fastest‑growing segments within India’s defence ecosystem, with the tactical drone procurement opportunity rising from Rs 30‑35 billion in the previous procurement cycle to nearly Rs 120‑140 billion, a report said on Tuesday.India’s defence sector is entering a structural, multi-year growth cycle driven by indigenisation, increasing defence capital expenditure, rising exports and accelerated adoption of advanced technologies, t…
London, June 26 (IANS) Nearly 2,500 seafarers aboard 115 vessels have been evacuated from the Strait of Hormuz since the International Maritime Organisation (IMO) launched an evacuation operation for stranded seafarers earlier this week, IMO Secretary-General Arsenio Dominguez said on Friday.Speaking at an online press conference, Dominguez said the preliminary figures covered the first three-and-a-half days of the evacuation operation.The IMO on Tuesday announced the evacuation framework, recom…
New Delhi, May 26 (IANS) India’s maritime sector is riding the ‘Reform Express’ under Prime Minister Narendra Modi’s leadership and every reform must translate into real benefits for our people, Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal, has said.Sonowal announced that the ministry would commemorate the completion of 12 years of maritime reforms and growth through the celebration of a nationwide “Maritime Reform Utsav.” The initiative will showcase India’s majo…
Washington, May 6 (IANS) The United States has launched a major naval operation in the Strait of Hormuz to escort stranded commercial vessels and restore shipping through one of the world’s most critical oil routes, with Secretary of State Marco Rubio accusing Iran of illegally “holding the global economy hostage”.Speaking at the White House on Monday, Rubio said President Donald Trump had authorised “Project Freedom” to guide trapped civilian ships to safety after weeks of escalating …
Washington, May 6 (IANS) US President Donald Trump said “Project Freedom” — the American-led movement of ships through the Strait of Hormuz — has been paused temporarily after what he described as progress in negotiations with Iran and requests from Pakistan and other countries.“Based on the request of Pakistan and other Countries, the tremendous Military Success that we have had during the Campaign against the Country of Iran and, additionally, the fact that Great Progress has been ma…
Washington, May 5 (IANS) The current US-Iran standoff in the Strait of Hormuz has left thousands of commercial vessels stranded, disrupting global trade and threatening energy supplies, with potential ripple effects for import-dependent economies like India.US officials said more than 22,500 mariners aboard over 1,550 commercial vessels are currently unable to transit the region due to Iranian attacks and threats to shipping.The Strait of Hormuz, a narrow but critical waterway between Iran and O…
Washington, May 5 (IANS) US Secretary of War Pete Hegseth and Joint Chiefs Chairman Air Force Gen. Dan Caine have outlined “Project Freedom” as a limited, defensive military mission aimed at restoring commercial shipping through the Strait of Hormuz amid rising tensions with Iran. Hegseth said the operation was ordered by President Donald Trump to “restart the free flow of commerce through the Strait of Hormuz under the umbrella of Project Freedom,” stressing that it is “separate and d…