Gold
BHP Reports Higher Copper and Iron Ore Production in December Quarter
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India to Prioritise Railway Modernisation in 2025/26 Budget
The Indian government is set to significantly increase funding for railway modernisation in the upcoming federal budget while making a modest rise in road infrastructure allocations, according to two government sources. Prime Minister Narendra Modi’s administration, which has prioritised infrastructure spending to boost economic growth post-pandemic, is now shifting focus to railways due to challenges in road project execution. Finance Minister Nirmala Sitharaman will unveil the 2025/26 budget on February 1. The railways ministry is expected to receive a budget allocation of Rs 2.9..
MSC Launches Feeder Service Linking Haldia and Vizhinjam Ports
Mediterranean Shipping Company S.A. (MSC), the world’s largest container shipping line, has introduced a feeder service connecting the Haldia Dock Complex of the Syama Prasad Mookerjee Port Authority with the newly operational container transshipment terminal at Vizhinjam, Kerala, managed by Adani Ports and Special Economic Zone Ltd. Previously, containers for the Kolkata/Haldia trade route were transshipped through Colombo, a regional hub. The new "Haldia Shuttle" service, operating every ten days, marks the first feeder service linking an Indian gateway port to Vizhinjam after India estab..
BW LPG to Begin Construction of India's Largest LPG Import Terminal
BW LPG Ltd, the world’s leading owner and operator of LPG vessels, is set to commence test piling in February for India’s largest onshore liquefied petroleum gas (LPG) import terminal. The project, in partnership with Confidence Petroleum India Ltd and Ganesh Benzoplast Ltd, will be located at the Jawaharlal Nehru Port (J N Port) near Mumbai. Kristian Sørensen, CEO of BW LPG, confirmed that the venture is in its final planning stages and aims to begin construction in the second quarter of 2025. The joint venture—55% owned by BW Confidence Enterprise Pvt Ltd and 45% by Ganesh Benzop..
