India & US to expand naval ship repair network
NEW DELHI : The US and India are auditing Kolkata Port as they are looking for a new Master Ship Repair Agreement (MSRA) that will allow US warships to access
India and Maldives hold talks to enhance bilateral trade cooperation
MALE : India on Wednesday said it looked forward to strengthening bilateral economic cooperation with the Maldives as its envoy held discussions with a senior minister of the
Indian Register of Shipping classed tugs – Sonalika and Sarovar launched in Kakinada
KAKINADA : Indian Register of Shipping (IRS), a leading classification society, announces the successful launch of two sister vessels, Sonalika and Sarovar, at the San Marine Yard in
Schedule reliability gradually improves in March 2024 amid Red Sea crisis : Sea Intelligence
COPENHAGEN : Global schedule reliability has begun to improve, with the March 2024 statistic up 1.6 percentage points Month-over-Month (MoM) to 54.6 per cent, according to Sea Intelligence
MSC set to reign at the top of the liner rankings : Sea Intelligence
GENEVA : Sea-Intelligence’s latest projections indicate that MSC is on track to significantly increase its fleet size, further cementing its position as the world’s largest carrier. The analytic
Ocean Network Express announces financial result for FY2023
SINGAPORE : The revenue for FY2023 was US$14,536million, down 50% from the last year, with net profit of US$974million (YoY -US$14,024million). The short-term freight rate market continued to
Hapag-Lloyd Annual General Meeting approves all proposed resolutions
HAMBURG : Hapag-Lloyd AG shareholders approved with the required majority all items on the agenda put to the vote at the Annual General Meeting. This included the appropriation
Iran-backed Houthi Rebels attack 4 ships in Indian Ocean and Red Sea
CAIRO : Yemen’s Houthis said they targeted the MSC Orion container ship in a drone attack in the Indian Ocean as part of their ongoing campaign against international
First container ship MSC Passion II arrives since Baltimore’s Francis Scott Key Bridge collaps
BALTIMORE : The first container ship has arrived at the Port of Baltimore a month after the cargo ship Dali lost power and rammed a support column of
A new wave of car imports set to hit terminals as new vehicle-carriers come on line
BALTIMORE : An expected jump in the number of car-carrying ships is set to flood ports with vehicles, making congestion at terminals even worse, the head of the