Government says IMF debt warning a worst case scenario
NEW DELHI : The Indian Government said on Friday a warning from the International Monetary Fund (IMF) that the country’s debt to GDP ratio could hit 100 per cent was a worst-case scenario, and
IBF to establish a High-Risk Area in the Red Sea
Following the incidents in the Red Sea and the Bab El-Mandeb strait since 19th November 2023, the International Bargaining Forum (IBF) have agreed to designate the southern section of the Red Sea and the Strait
Hapag-Lloyd increases rates from Indian Subcontinent and Middle East to North America
HAMBURG : German box carrier Hapag-Lloyd will apply a new General Rate Increase (GRI) or General Rate Adjustment (GRA) for cargo shipments from India to the United States and Canada West Coast on 18
Suez,a crisis-waiting to happen, forces shippers to be ready any moment
Houthi attacks on civilian vessels, strategies to reroute ships, and the need for a 40-nation strong military alliance to guard 15% of the world’s maritime traffic sounds like the kind of emergency that ought
Many carriers still sending ships via Suez
Over 80 container ships still transiting the Red Sea and Suez Canal ,Vessel tracking shows that even after the raised threat from the Houthi Movement, which has warned it will target vessels connected to
Wilhelmsen and MPC Capital acquire Hamburg-based ship manager Zeaborn
SINGAPORE/HAMBURG: Wilhelmsen Ship Management (“Wilhelmsen”), a provider of third-party ship management services headquartered in Singapore, and Hamburg-based asset manager MPC Capital have agreed to acquire 100 % of the company Zeaborn Ship Management (“Zeaborn”).
ClassNK issues approval in principle (AiP) for MOL’s FSRU
TOKYO : ClassNK has issued an Approval in Principle (AiP) for an Ammonia FSRU (Ammonia Floating Storage and Regasification Unit) jointly developed by Mitsui O.S.K. Lines, Ltd. (MOL) and Mitsubishi Shipbuilding Co., Ltd. Ammonia, which
MOL names second LNG carrier for charter with GAIL
TOKYO : Japanese shipping company Mitsui O.S.K. Lines (MOL) has revealed that a naming ceremony was held for the second liquified natural gas (LNG) carrier to serve GAIL (India), the largest natural gas supplier
Year end review 2023 for Department of Commerce, Ministry of Commerce and Industry
NEW DELHI : Central Government has released Year end review 2023 for Department of Commerce, Ministry of Commerce and Industry. Foreign Trade Policy 2023 Foreign Trade Policy 2023 (FTP 2023) was launched on 31st March
Unified Cargo Tracking App for seamless logistics to be launched for tracking cargo across sea, land…
NEW DELHI : Indian Government will soon be able to track live movement of its cargo across all transportation modes-land, rail, sea and air-through a single app. More than 700 companies have signed up on the app