Global shipping companies’ short-term profitability will benefit from increased freight rates, which exceed the costs of re-routing following persistent attacks on commercial vessels in the Red Sea, Fitch Ratings says. They do not expect
A retrofitted cargo ship to be used on the Rhine River between The Netherlands and Germany is expected to produce lower carbon dioxide pollution than comparative vessels while still making regular trips. The H2
TOKYO : ClassNK has granted its Innovation Endorsement for Products & Solutions*1 to a vessel & voyage performance monitoring platform called “Cassandra” developed by Deep Sea Technologies SMPC. “Cassandra” is a platform that integrates
NEW DELHI : Prime Minister Shri Narendra Modi will inaugurate, dedicate multiple developmental projects of rail and road sector worth more than Rs. 4500 crores in Siliguri, West Bengal on 09th March, 2024 and
NEW DELHI : Shri Ashwini Vaishnaw, Union Minister of Communications, Railways, and Electronics & Information Technology, launched the ‘NITI for States‘ platform, a comprehensive digital initiative designed to empower states and union territories (UTs)
SEOUL : South Korea’s Oceans and Fisheries Minister Kang Do-hyung said the government is not planning another attempt to sell its interest in HMM anytime soon. Kang was speaking at a government forum on
BRUSSELS : On 8 March, the World Customs Organization (WCO) joins the international community in celebrating International Women’s Day 2024 by highlighting the roles women play in Customs operations worldwide. In line with the United Nations’
LONDON : Industry Associations express their deep concern over the tragic loss of life and injuries suffered by the crew of MV True Confidence in an attack in the Red Sea on 6 March
YEMEN : Another bulker sailing southeast of Aden, Yemen was targeted by the Houthis again. Initial reports are that the vessel was not hit and that the crew is safe, but it appears that
NEW DELHI : Containerised trade through India’s major and minor private ports saw measurable traction last month, according to exclusive port data obtained by Container News. Combined volumes hit nearly 1.9 million TEUs in February,
