Hyundai’s FSO design garners ABS approval
ABS has granted approval in principle to Hyundai Heavy Industries’ design for a floating storage and offloading vessel that is intended for operations in Mexican waters. ULSAN, South
Shipping Ministry is framing rules for recycling vessels
Shipping Ministry is making rules for the ship recycling industry – which is at present at 4.5 million tonne per annum (mtpa) capacity and is expected to double
Railways registers Highest Ever Monthly figures i.e. 119.79 MT in January 2021
NEW DELHI: Indian Railways has registered highest ever loading figures i.e. 119.79 MT in January 2021. The last best was in March 2019 as 119.74 MT. On mission
MOL announces naming of LNG carrier for GAIL (India)
Vessel will import clean LNG from the US to India under charter contract Mitsui O.S.K. Lines (MOL) has announced that on February 9, 2021, the naming ceremony for
Distinctions between ‘traditional’ flags & open registers no longer meaningful, as per late
The International Chamber of Shipping (ICS) has published the latest Flag State Performance Table (2020/2021) which finds that many of the largest flag states – including the Marshall
A.P. Moller – Maersk delivers strong transformation progress and results in 2020
COPENHAGEN: 2020 has been another year of solid progress for A.P. Moller – Maersk, both in terms of financial performance and in transforming the company. Despite low volumes
Container shipping locked in a ‘significant bottleneck’ as demand surges back
The Danish company, seen as a bellwether for global trade, posted quarterly earnings before interest, tax, depreciation and amortization (EBITDA) of $2.71 billion.Maersk CEO Soren Skou told CNBC
Major Ports Authorities Bill passed by the Rajya Sabha is indeed a revolutionary move in the Indian
MUMBAI: “The Major Ports Authorities Bill passed by the Rajya Sabha is indeed a revolutionary move in the Indian Ports Sector. The bill will provide regulation, flexibility and
SCI reported profit of Rs. 103.30 crore in the Third quarter of FY 2020-21
MUMBAI: The Shipping Corporation of India Limited (SCI) declared its financial results for the third Quarter of FY 2020-21 on 5th February, 2021 and posted a Profit after
Parliament passes landmark Major Port Authorities Bill, 2020
NEW DELHI: Parliament has passed the Major Port Authorities Bill, 2020. Shri Mansukh Mandaviya, Minister of State (I/C) for Ports, Shipping &Waterways moved the bill in Rajya Sabha