INDIAN PORTS
Cyclone Arnab intensifies, set to hit Andhra coast as Andaman and Nicobar shuts schools
The Andaman and Nicobar administration has ordered all schools to remain closed for two days. This decision comes as Cyclone Arnab approaches the Bay of Bengal and intensifies. Residents are urged to follow safety guidelines and avoid coastal activities during this period. Fisherfolk are also advised not to venture into the sea due to rough conditions.
Man wanted Etihad’s A380 sofa. Now, his Dubai home has the entire luxury suite and a coffee table made from the aircraft's wheel
An Indian aviation enthusiast from Kochi has transformed his Dubai apartment by installing the restored living room of Etihad Airways’ luxury Airbus A380 Residence suite. Arun Rajagopal initially wanted to buy only the suite’s leather sofa but ended up acquiring the entire section. The restoration took nearly a year, with engineers repairing damaged components and adapting the cabin for home use.
India-US trade deal enters fine-tuning stage as most talks conclude, says Piyush Goyal
India and the US are refining their bilateral trade agreement after concluding most discussions on the deal. Commerce Minister Piyush Goyal indicated significant progress has been made towards finalizing the agreement. Recent talks have involved high-level meetings between officials from both nations, focusing on tariff reductions and trade frameworks. Goyal is currently leading a significant delegation to the Netherlands and Germany to promote bilateral business ties.
Exporters get six more months of risk cover amid West Asia turmoil
The Centre has extended the RELIEF initiative to March 31, 2027, to assist exporters. This scheme provides risk coverage to exporters facing higher shipping and insurance costs. Eligible exporters can receive 95 percent coverage and protection against rising insurance premiums. Exporters must submit claims through the Export Credit Guarantee Corporation's customer portal to benefit. The extension aims to support trade flows amid ongoing geopolitical tensions in West Asia.
Israel votes tomorrow: What’s at stake for India as Bibi faces tough fight
Israel's elections on October 27 will significantly affect the country's relationship with India. More than just political outcomes, defense and trade agreements will be critical in bilateral ties. India aims to maintain cooperation regardless of the election's outcomes or the new leadership in Israel. The balance between Israel and Iran remains essential for India's regional strategy and economic interests.
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India appears better stocked for West Asia crisis, but oil shock threatens
In West Asia, tensions are affecting energy and fertilizer supplies, prompting adjustments by the Indian government. Freight costs have surged to unprecedented levels due to rising insurance and shipping difficulties, impacting global supply chains. Current crude prices are the highest in twelve years, straining Indian refiners and state-run retailers. The government faces challenges with increasing fiscal and current account deficits due to rising import costs.
Indian Navy training squadron arrives in Sri Lanka on three-day visit
The Indian Navy's First Training Squadron arrived in Sri Lanka for a three-day goodwill visit. This visit aims to strengthen bilateral maritime cooperation between India and Sri Lanka. Officer trainees from both countries will participate in various professional and sporting interactions during the visit. The squadron's presence is part of a long-range deployment including stops in Seychelles and Maldives. The initiative reflects India's commitment to regional security and maritime collaboration.
Sonowal to pitch India's shipbuilding opportunity to Korean industry
The visit of Union Minister Sarbananda Sonowal to South Korea spans four days, focusing on maritime collaboration. In his address in Busan, he brought attention to the significance of Indian professionals in the shipbuilding arena of Korea.
India, Dutch port authorities weigh digital push to boost logistics: Piyush Goyal
Commerce and industry minister Piyush Goyal and Port of Rotterdam CEO Boudewijn Siemons held discussions on advancing port-led growth, logistics efficiency, supply chain connectivity and unlocking new opportunities for trade and investment.
Railways plans container transport overhaul to attract more export cargo
Indian Railways is implementing changes in container transport to enhance export traffic and streamline operations. The initiative includes exemption from mandatory weighment and introducing mini container rakes for higher value commodities. Additionally, the Railways is considering allowing private sector maintenance of wagons to improve efficiency. Hub and spoke terminals will be expanded to offer better consolidation of containers for freight transport.
India aims to quadruple port capacity by 2047, eyes stronger maritime cooperation with Rotterdam: Piyush Goyal
India intends to increase its port capacity significantly by 2047 to support economic growth and trade. Union Minister Piyush Goyal emphasized collaboration opportunities with the Port of Rotterdam for sustainable development. The Sagarmala initiative aims to enhance India's maritime infrastructure and connectivity effectively. A major maritime education institution will be established in Mumbai to train skilled seafarers. These efforts highlight India's commitment to bolstering its position in global maritime trade.
Trump to rally Michigan Republicans after Obama backs Democrat El-Sayed
US President Donald Trump is campaigning in Michigan, which is crucial for the upcoming midterm elections. Former President Barack Obama previously rallied for Democrats, emphasizing the importance of this Senate race. The competition is between Republican Mike Rogers and Democrat Abdul El-Sayed, who would be the first Muslim senator if elected. Rogers has made claims about El-Sayed's connections to terrorist groups, which El-Sayed denies.
FICCI seeks Dutch investment in mfg, tech; calls for project-level follow-up
FICCI has called for enhanced Dutch investments in India’s manufacturing and technology sectors during Piyush Goyal's visit. The discussions may lead to manufacturing partnerships and technology collaborations which would strengthen bilateral trade. Greater emphasis is placed on supply chain integration to meet Dutch quality and sustainability standards. The upcoming India-EU free trade agreement is expected to facilitate deeper commercial ties.
Mozambique eyes India partnership to boost agro-processing, expand rice trade across Southern Africa
Mozambique is set to elevate its agricultural collaboration with India, tapping into mutual strengths in agro-processing. Secretary Antonio Do Rosario Grispos emphasized that India's rice imports are crucial for ensuring food security in Mozambique. This partnership aims to enhance trade routes via Mozambique's ports, fostering regional commerce and agricultural growth while strengthening historical ties with India as a strategic ally.
Union Minister Sarbananda Sonowal invites Polish firms to ‘build, innovate and grow with India’
Union Minister Sarbananda Sonowal addressed the India-Poland Business Forum, emphasizing stronger business ties between the nations. He highlighted Poland's strengths in engineering and clean energy and India's market potential and skilled workforce. Sonowal proposed initiatives to enhance collaboration in sectors like AI, quantum computing, and smart manufacturing. He called for Indian and Polish companies to innovate and invest together for mutual growth. Trade between India and Poland has reached $6.36 billion.
Sat Sovereign, Not Satrapi: Why India can't get locked in with one side in satcom battle
Elon Musk argues that Starlink can benefit underserved rural areas of India through improved connectivity. The ongoing debate surrounding satellite communications in India is focused on pricing and market control. Countries are competing for access to low-Earth orbit frequencies and altitudes, which are limited resources. India has an opportunity to create a non-aligned satcom policy to ensure equitable access.
EU carbon tax: Piyush Goyal asks Europe not to 'invite disaster' or 'shoot themselves in the foot'
Goyal said the EU had accumulated around 75-77 regulations, arguing that repeated additions were increasing the compliance burden on businesses and making them less competitive in global markets.
Adani Ports expands presence by incorporating subsidiary in Oman
Adani Ports and Special Economic Zone Limited has established a wholly owned subsidiary named Indian Ocean Gateway Terminal in Oman. This new entity aims to conduct offshore operations locally, aligning with the company's strategic expansion as a global transport operator. Adani International Ports Holdings Pte. Ltd. holds 100 percent of the subsidiary's shares. The incorporation involves a total share capital of OMR 500,000 with 100 shares of OMR 5,000 each.
Kuwait-flagged tanker carrying 21 Indian seafarers hit by unknown projectile in Strait of Hormuz
A Kuwait-flagged oil tanker named M/T Al Dasma was hit by a projectile while passing through the Strait of Hormuz. All 21 Indian seafarers aboard the vessel are reported safe following the incident. Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal confirmed the safety of the crew via a post on X. The UK Maritime Trade Operations tracked the strike and noted its location west of Bukha in Oman.
Slew of Sops to help fuel ships' shift to methanol
India is considering methanol as the primary fuel option for ships to support a green transition. The government plans to implement tax concessions and flexible compliance to encourage this shift. Officials are analyzing various suggestions to enhance the infrastructure and regulatory environment for methanol usage. Work is already in progress to improve local availability and establish refueling facilities.
Gulf situation a matter of deep concern: EAM Jaishankar in talks with UAE peer
S Jaishankar met with Sheikh Abdullah bin Zayed Al Nahyan to discuss the concerning situation in West Asia. They discussed potential US actions against Iran and the Houthi attacks in Saudi Arabia. Jaishankar expressed India's commitment to promoting dialogue and diplomacy in the region. The two leaders highlighted the successful Comprehensive Economic Partnership Agreement between India and the UAE.
Global container freight prices surge 130% since February amid Middle East tensions: Jefferies
Global container freight rates have surged by 130 percent since February 2026 due to Middle East tensions. India's container-based export-import trade has shown strong growth with a 23 percent increase in September. Exports to the United States grew significantly, while those to the UAE and Saudi Arabia faced declines. Port traffic data revealed mixed trends for major and non-major ports across the country.
Ukraine in talks with India, other partners to open Black Sea grain corridor
Ukraine is engaged in discussions with Turkey, Egypt, and India regarding Black Sea agricultural exports. The country's food exports heavily depend on its Black Sea ports for shipping capacity. President Volodymyr Zelenskyy indicated that Russia opposes these negotiations despite intermediary calls. Kyiv is also seeking the European Union's support to restore grain export programs. Currently, Ukraine can only export a fraction of its usual grain volumes due to ongoing challenges.
Haier India to invest ₹7,000 crore in new facility in Andhra
Haier India plans a ₹7,000 crore investment in a manufacturing facility in Andhra Pradesh, marking its largest investment in the country. The facility, expected to create 21,000 jobs by 2032, will focus on producing various home appliances and is strategically located in the rapidly growing Tirupati-Chennai-Nellore electronics corridor.
Tanker attacks in Strait of Hormuz & Romania: Govt confirms all 24 Indian seafarers are safe
Tanker attacks in Strait of Hormuz and Romania: All 24 Indian seafarers are safe after two tankers carrying Indian crew members were hit in separate incidents in the Strait of Hormuz and Romania. A crude oil tanker carrying 15 Indian seafarers was struck by a projectile on October 16, while chemical tanker Yara J, carrying nine Indian seafarers, was hit by a drone at Sulina Anchorage on October 14. Union Minister Sarbananda Sonowal confirmed that there were no casualties or injuries in either incident.
DP World eyes $5 bn India investment, warns West Asia crisis is rewiring global trade
DP World is ready to increase its investment in India between USD 3 billion and USD 5 billion in the coming years. The company urges for faster infrastructure development and quicker project approvals to unlock trade potential. Despite challenges, Narayan believes that India remains attractive due to its growing economic scale. Enhanced logistics capacity is critical for supporting India's manufacturing and export growth.
India must seek UNESCO tag for ports to mark oceanic journeys of girmitiyas: Fiji envoy
Fiji's High Commissioner to India, Jagnnath Sami, has urged the Centre to consider seeking UNESCO World Heritage recognition for Kolkata, Visakhapatnam and Madras ports to commemorate the historic journeys of Indian indentured labourers, known as girmitiyas. He also called for India and Fiji to collaborate on preserving archives and documenting their shared heritage.
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