Government readies ₹25,000 crore export promotion mission to shield Indian exporters from tariff pressures

India Launches Logistics Port Performance Index to Boost Maritime Efficiency

Union Minister Sarbananda Sonowal launched the Logistics Port Performance Index (LPPI) for FY2024-25 and four digital initiatives to modernize India’s maritime governance at the 37th Foundation Day of JNPA in Mumbai. The LPPI benchmarks port efficiency and aims to improve transparency and competition across India’s ports. Notably, V.O. Chidambaranar Port ranked third nationally.

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Iran Denounces Maritime Blockade and Calls for Stability in Lebanon

Iranian officials reaffirmed their stance on maritime security, particularly in the Strait of Hormuz. Mohsen Rezaei emphasized that Iran will not tolerate maritime blockades or escalating tensions in Lebanon. He warned that foreign vessels could be targeted if they disregard Iranian regulations, highlighting Iran’s commitment to controlling this vital waterway.

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US, Iran Reach Deal on Extended Ceasefire Pending Trump Approval

Trump Expresses Confidence in US-Iran Interim Peace Deal Amid Tensions

On June 1, 2026, President Trump expressed optimism about negotiations with Iran for a peace deal, despite escalating tensions near the Strait of Hormuz. Iran accused the U.S. of inconsistency, expressing deep mistrust while emphasizing the need for agreements covering regional conflicts, particularly regarding Israel and Hezbollah’s military actions.

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Wind-Powered Cargo Ships Pass The 100-Vessel Milestone

Wind-Powered Cargo Fleet Surpasses 100 Ships, Revolutionizing Shipping

Recent advancements in wind propulsion technology have surpassed 100 cargo vessels utilizing wind energy, achieving over five million tons of deadweight capacity. This shift reflects a growing recognition of wind propulsion as a viable decarbonization solution, with over 230 systems saving more than 100,000 tons of CO2 annually in the shipping industry.

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Andhra Pradesh unveils ₹23,000-crore plan to emerge as national logistics hub

India Slashes Logistics Expenses Through Major Infrastructure Upgrades

India has significantly reduced logistics costs by nearly one-third through extensive infrastructure investments, notably under PM Gati Shakti and the National Logistics Policy. Key advancements like Dedicated Freight Corridors have transformed cargo movement, enhancing efficiency across sectors. The goal is to lower logistics costs to 8% of GDP by 2047, promoting global competitiveness.

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