Outlook for global port handling activity remains positive, says reportOutlook for global port handling activity remains positive, says report

Global port traffic volumes have picked up speed, according to the UNCTAD Review of Maritime Transport 2018. Global port activity and cargo handling expanded rapidly in 2017, following two years of weak performance. UNCTAD estimates that 752 million TEUs were moved at container ports worldwide in 2017. The outlook for global port handling activity remains
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The Reserve Bank expects India’s economic growth rate to accelerate to 7.4 per cent in the current financial year on pick up in industrial activity and good monsoon. In its annual report released recently, RBI also said that its monetary policy will continue to be guided by the objective of achieving the medium-term target for
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As the summer lull nears its end, market participants expect the newbuilding ordering activity to pick up. In its latest weekly report, shipbroker Allied Shipbroking commented that “observed activity over the past two weeks was rather limited in the newbuilding market, with few new contracts coming into the spotlight. With the summer period ending now,
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NEW DELHI: The Government and the private sector should work together with an aim to bring exports to the centre-point of economic activity to take advantage of external demand conditions, said NITI Aayog Vice Chairman Rajiv Kumar recently. “The low share of our goods and services exports is a matter of concern. We need to
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Mauritius has become the 15th signatory to the Jeddah Amendment to the Djibouti Code of Conduct—the instrument developed and adopted by countries in the Western Indian Ocean and Gulf of Aden that has been a key factor in repressing piracy and armed robbery against ships operating in that region. The Amendment significantly broadened the scope
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The ships’ demolition activity has began to feel the weather effects of the Southeast Asia region. In its latest weekly note, Clarkson Platou Hellas commented that “as the monsoon rains begin to slow productivity down in the Indian sub-continent, a reflection of this slow period has been reflected in the very few sales candidates to
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Since a collaboration with Intercontinental Exchange took effect six months ago, S&P Global Platts has seen a substantial increase in natural gas trade information on a day-to-day basis, resulting in a more enhanced view of the markets. In the agreement, which went online October 31 for spot trades and in December for bidweek transactions, Platts
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The freight market for VLCCs has continued to remain unimpressive. According to the latest weekly report from shipbroker Gibson, there was “no improvement for previously sliding VLCCs….a slow week as Charterer’s proceeded to gently close out the April programme and had to wait upon May schedule confirmations. Availability remained abundant, and rates slipped further to
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The UK manufacturing sector maintained a steady growth in March, survey results from IHS Markit showed Tuesday. The IHS Markit/Chartered Institute of Procurement & Supply manufacturing Purchasing Managers’ Index rose slightly to 55.1 in March from 55.0 in February. The score was forecast to fall to 54.7. Compared to official data, the performance through quarter
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