Mongla Port eyes better business after executing dredging projects
Mongla Port, the second largest seaport in the country, is expected to do better business after the completion of a series of dredging projects that would facilitate commercial vessels entering the...
View ArticleLME intends to list Saudi port as a copper and zinc delivery point
The London Metal Exchange (LME) plans to list Jeddah, a Saudi Arabian Red Sea port city, as a new delivery point for copper and zinc subject to consultation on a technical change to the LME’s warehouse...
View ArticleSingapore’s PSA ventures into rail-linked ICD operations by partnering with G...
Singapore-based global port operator PSA International Pte Ltd has ventured into rail-linked inland container depot (ICD) operations in India by partnering with G R Infraprojects Ltd, the entity...
View ArticleCabinet nod for mega Vadhavan Port stalled as PMO floats HAM model for...
After navigating strident opposition from green groups, fishermen and locals, the mega port planned at Vadhavan in Maharashtra’s Palghar district is facing a last minute ‘structuring’ challenge with...
View ArticleSri Lanka allows foreign ships to restock at its ports after China protest
Sri Lanka has said it will allow foreign offshore research ships for replenishments at its ports despite a one-year ban on such vessels, a senior official has said after China protested to Colombo for...
View ArticleRed Sea crisis, high freight rates ground Alang business
The world’s largest ship recycling facility in Alang, Bhavnagar, is facing its worst slowdown in nearly a decade. Fuelled by the Red Sea crisis and high freight rates that have shown no signs of coming...
View ArticleLakshadweep-bound cargo vessel capsizes; crew safe
A cargo vessel laden with construction materials that left from Mangaluru Old Port to Lakshadweep capsized en route to Agatti Island from Andrott Island. According to sources, the vessel left Old...
View ArticleReliance refusing Sovcomflot oil shipments after sanctions, sources say
India’s Reliance Industries, operator of the world’s biggest refining complex, will not buy Russian oil loaded on tankers operated by shipper Sovcomflot (SCF) after recent US sanctions, according to...
View ArticleSurge in 3PL demand propels growth in warehousing spaces
The demand for Grade A and Grade B warehousing spaces in India is experiencing a significant uptick, largely fueled by third-party logistics (3PL) players. According to CBRE’s latest report released in...
View ArticleBiden admin expands supply chain data-sharing to track inland ports
The Biden administration is expanding a supply chain data-sharing partnership consisting of U.S. retail and logistics businesses and foreign ocean carriers in an effort to better track both the global...
View ArticleSomali pirates return, adding to global shipping crisis
As a speed boat carrying more than a dozen Somali pirates bore down on their position in the western Indian Ocean, the crew of a Bangladeshi-owned bulk carrier sent out a distress signal and called an...
View ArticleWorld Shipping Council leads fight to combat illegal wildlife trafficking
Wildlife crime continues to pose a significant threat to biodiversity, local and national economies, as well as national and international security. The illicit trafficking of wildlife not only...
View ArticleGlobal trade expected to rebound in 2024, UNCTAD reports
Global trade is projected to recover in 2024, bouncing back from a downward trend seen in 2023, according to a new report from the United Nations Conference on Trade and Development (UNCTAD). The...
View ArticleCarbon Capture @ Sea: Evergreen ship notches world first
ClassNK has granted its SCCS-Full class notation to Evergreen’s Neopanamax container vessel Ever Top. Short for Shipboard Carbon dioxide Capture and Storage-Full, the SCCS-Full notation signifies that...
View ArticleV.O. Chidambaranar port sets sight on mega investments like VinFast
With multiple big-ticket projects on track in and around Tuticorin, V.O. Chidambaranar Port in the city is all set to capitalise on the newfound investor interest in the area. The VOC Port in Tuticorin...
View ArticleClassNK okays ‘world’s first’ onboard CCS installation on Neopanamax
Japanese classification society ClassNK has certified “the world’s first” onboard carbon capture and storage (CCS) system installation on a Neopanamax ship. The SCCS-Full class notation was granted to...
View ArticleNorwegians to build ‘first of its kind’ energy subsea construction vessel
Norwegian shipping company Rem Offshore has placed an order with compatriot Myklebust Verft for the construction of an energy subsea construction vessel (ESCV) said to be the first of its kind to...
View ArticleMitsui to supply, install equipment at Matarbari deep-sea port
Japanese company Mitsui E&S has got the job of designing, manufacturing, supplying and installing container-handling equipment, terminal operation and security maintenance at the under-construction...
View ArticleBanks’ export credit surges at Rs 20489 cr
Bank loans to exporters reached its highest level in the past 12 months in line with renewed global demand for Indian goods despite the Red Sea crisis, which attracted military response from several...
View ArticleCapping of interest subsidy for exporters to continue in Q1 of new fiscal
The Centre has notified an interest subsidy cap of ₹2.5 crore for individual export units in the first quarter of the forthcoming fiscal 2024-25 under the popular interest equalisation scheme (IES) for...
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