Attacks on Red Sea shipping forces 66% decline in Suez Canal traffic – ONS
NEW PORT : Shipping traffic through the vital Suez Canal artery in Egypt has plunged by 66% since cargo was forced to divert due to attacks on vessels
Baltic index down for 4th day as larger vessel rates dip
LONDON : The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fourth consecutive session on Thursday, pressured by lower
Dry Bulk shipping fundamentals seen improving moving forward : BIMCO
LONDON : We expect the supply/demand balance to strengthen in 2024 and weaken in 2025. Supply is estimated to grow by 2-3% in 2024 and 1.5-2.5% in 2025,
“We must invest in resilient infrastructure today for a better tomorrow”: PM Modi
NEW DELHI : Emphasising the need for investment in resilient infrastructure, Prime Minister Shri Narendra Modi on Wednesday said that the focus should shift towards resilience in infrastructure
Ashwini Vaishnaw said PM Modi guarantees to increase the capacity of Indian Railways in the next fi
NEW DELHI : Union Railways and IT Minister Shri Ashwini Vaishnaw said on Tuesday that in the next five years, Prime Minister Shri Narendra Modi guarantees that almost
CONCOR held discussions with CSLA
MUMBAI : Shri Sanjay Swarup, CMD, CONCOR, held discussions with the Container Shipping Lines Association (CSLA) in Mumbai on April 24,2024. The meeting was attended by CONCOR’s Area
Shipping regulator issues ‘urgent advisory’ to recruiting agencies amid West Asia tensio
MUMBAI : Maritime sector regulator Directorate General of Shipping (DGS) has issued an ’urgent advisory‘ for Indian recruiting agencies and seafarers amid the ongoing situation in Iran and
MSME exporters are worst hit due to increased freight charges and doubled turnaround time
NEW DELHI : The prolonged Russia-Ukraine and Iran-Israel conflicts coupled with the economic instability in American and European markets have had a crippling impact on the MSME sector.
US-led forces intercept Houthi missile and drones targetting ‘MV Maersk Yorktown’
WASHINGTON : A coalition vessel successfully engaged one anti-ship ballistic missile launched from the Iranian-backed Houthi “terrorist-controlled areas” in Yemen over the Gulf of Aden, the US Central
India and Iran will sign the Chabahar contract after 2024 elections
NEW DELHI : India and Iran have signed a long-term deal to develop Chabahar Port after two decades of painfully slow negotiations with the oil-rich Gulf state, periodically