India’s economic transformation has been significantly shaped by port privatization initiatives over the past few decades. Given the country’s extensive coastline and burgeoning international trade, optimizing port efficiency and modernization is vital for sustaining economic expansion. This article provides an in-depth examination of the driving factors, implementation strategies, outcomes and challenges associated with port privatization…
Padmesh Prabhune In a significant operation at Mundra Port, the Directorate of Revenue Intelligence (DRI) confiscated around 200 containers of watermelon seeds, valued at about ₹100 crore. Authorities suspect about 17 importers being involved in the cargo, which was brought from Sudan. Acting on specific intelligence the DRI’s Gandhidham Regional Unit have seized all of…
A recent discussion on compensating families of seafarers who die by suicide sparked a thought-provoking question: Shouldn’t we prioritize preventing these tragedies rather than debating compensation? While bereavement funds have their place, addressing preventives to suicidal deaths on ships is surely paramount. While several organizations, particularly seafarer unions around the world, offer helplines of many…
The Capesize market has been closely monitoring China’s iron ore port stocks this week. Exactly one year ago, inventories had dipped to 105.2 million tonnes as of October 13, marking a nearly 20 percent year-on-year drop and hitting their lowest level since October 2016, according to data. Fast forward twelve months, and the landscape has…
Shipping markets have come to rely heavily upon Chinese demand over the past four decades as China has played an increasingly large role in global trade. Its early advantage of cheap labour helped it become a global centre for producing low-value garments and mass-manufactured goods that it exported to the world. It moved up the…
MJ Foo, Managing Director of Apex Chemicals, attributes his business acumen to his upbringing in Singapore, where he was exposed to business conversations from a young age through his father. A naturally outspoken individual, MJ is passionate about sports, sunshine, and boundless energy. Throughout his career, MJ has experienced his share of failures, which have…
