Shipping industry faces “shadow of uncertainty”
The global shipping industry faces a “shadow of uncertainty”, particularly with China’s economy teetering on the brink of instability. So says Veson Nautical, which delivers freight management...
View ArticleGovernment imposes port restrictions for exporting essential commodities to...
Amid tensions between Maldives and India, the Directorate General of Foreign Trade on Monday issued a notification imposing port restrictions for export of essential commodities to the island nation...
View ArticleIndia-Persian Gulf corridor is witnessing series of rate adjustments
In the container shipping sector, the India-Persian Gulf corridor is witnessing a series of rate adjustments. Mainline carriers have declared general rate increases (GRIs) and peak season surcharges...
View ArticleShipping industry braces for more disruptions as Iran-Israel conflict to...
The recent back-and-forth attacks between Iran and Israel has added another ingredient to the already stormy mix Indian shipping and trade are in. Rates are expected to rise around 20-25 percent from...
View ArticleMSC cargo ship, with 17 Indians onboard, seized for ‘violating maritime...
Iranian foreign ministry on Monday said Iran’s Revolutionary Guards seized the MSC Aries cargo ship because the freighter “violated maritime laws”. Tehran said it had no doubt that the vessel was...
View ArticleIndia seeks global collaborations to explore use of methanol as ship fuel
An Indian delegation in Singapore has sought to partner with global shipping industry to explore new technologies and the potential of using methanol and ammonia as ship fuels, a senior government...
View ArticleIran-Israel conflict: Shipping industry set for tougher times ahead due to...
The global maritime industry is set for tougher and more challenging times after Iran ramped up West Asia tensions by launching an unprecedented drone and missile attack on Israel, causing supply chain...
View ArticleJ N Port settles dispute with EPC contractor over SEZ project
A long pending commercial dispute between state-run Jawaharlal Nehru Port Authority and the Engineering, Procurement and Construction (EPC) contractor it hired for infrastructure development works of...
View ArticleNew Mangalore Port: Boosting Cruise Tourism
The arrival of the ‘Seven Seas Navigator’ at New Mangalore Port on December 8, 2023, heralded the commencement of a new cruise season, slated to run until May. Despite the lingering effects of...
View ArticleParadip Port set to handle 300 mn tonnes in 3 years
Buoyed by its phenomenal success by emerging numero uno major port in India during 2023-24 snatching away the coveted position from Deendayal (Kandla) Port, Paradip Port Authority (PPA) is gearing up...
View ArticleCONCOR throughput climbs 11% to 12.44 lakh TEUs in Q4 FY24
Container Corporation of India (CONCOR) reported 11.24% increase in total throughput to 12,44,798 twenty-foot equivalent units (TEUs) in Q4 FY24 as compared with 11,19,034 TEUs recorded in Q4 FY23....
View ArticleNFR maintained steady growth in freight loading during last fiscal year
Northeast Frontier Railway has maintained steady growth in loading of various commodities during the last fiscal year. In the last fiscal year, loading of 10.24 million tonnes (MT) of freight was...
View ArticleRailways increases tariff for goods trains by 2%
Due to the increase in diesel prices, Pakistan Railways has increased the tariff of freight trains by two percent. According to the announcement, the 2% increase in the freight tariff will not apply to...
View ArticleNCR tops fresh warehousing supply in Q1 2024: Report
The National Capital Region in the first quarter of calendar 2024 added 2.3 million square feet of fresh Grade A industrial and warehousing space to take the overall supply to nearly 7 million square...
View ArticleAt 449 MMT, cargo handled by GMB ports peaked in FY24
Cargo handled by ports administered by the Gujarat Maritime Board (GMB) has hit an all-time high of 449 million metric tonnes (MMT) in the 2023-24 financial year, up from 416 MMT in the previous year....
View ArticleMajor GST relief for foreign airlines, shipping lines on cards after elections
The government is working on easing the ‘related party transaction’ clause under the Goods and Services Tax, for foreign companies in India. This is likely to happen within 100 days after the...
View ArticleContainer Corporation of India signs MoU with PSA MESA Supply Chain
Container Corporation of India (CONCOR) and PSA MESA Supply Chain (PSA MESA) have signed a Memorandum of Understanding (MoU) on 18 April 2024 at New Delhi to collaborate in offering seamless and...
View ArticleProtest at Adani port disrupts coal supply to RINL’s Vizag plant
Public sector Rashtriya Ispat Nigam Limited (RINL) on Thursday said the workers’ protest at Adani’s Gangavaram Port has “totally disrupted coal supply” to its Visakhapatnam plant. This poses a...
View ArticleMumbai High Court dismisses PIL challenging DTEPA nod to Vadhavan Port
The Mumbai High Court on Thursday dismissed a public Interest Litigation (PIL) brought by Conservation Action Trust, environmentalist Debi Goenka and a writ petition filed by National Fish workers...
View ArticleBearing AI launches first AI-powered planning tool for shipping liners
Bearing AI has announced an AI-powered Deployment Planner to help liners better balance the complexities of environmental compliance with increasing demand for quicker transportation of goods and the...
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