NEW DELHI : Indian Government is planning to spend 850 billion rupees ($10 billion) to purchase 112 crude carriers through 2040, people familiar with the matter said, as the world’s third-biggest importer of oil
LONDON : Rates for shipping containers were stable to higher this week as carriers have reduced capacity by 4-5% along the trade route amid efforts to stop the slide in prices, but capacity could
GENEVA : Maritime transport moves over 80% of goods traded worldwide. Country-level seaborne trade data is vital for shaping better transport, trade and investment policies. UN Trade and Development (UNCTAD) on 15 April released
SINGAPORE : Wisestella, a leading provider of AI-powered maritime learning solutions to the tanker fleet, has announced that its technology has played a pivotal role in helping a globally trading tanker operator secure a
HONG KONG : Container throughput from China’s main ports fell by 6.1% over the past week and cargo bookings over the next three weeks are projected to be down by 30-60% in China and
LONDON : Inmarsat Maritime, a Viasat company, has announced Caribe Tankers USA, Inc (CTU) will trial Inmarsat’s fully managed bonded connectivity service, NexusWave, on board the chemical tankers Caribe Maria and Caribe Luna: as the US-based company seeks
LONDON : The captain of a container ship that crashed into a U.S. tanker in the last week off Britain’s east coast appeared in an English court on Saturday charged with gross negligence manslaughter.
LONDON : The aftermath of a tanker crash off the English coast earlier this week is “reasonably contained”, British Prime Minister Keir Starmer has said as fears of an environmental disaster eased and focus
LONDON : Shipping container rates from Asia to both US coasts fell again this week as capacity has grown and as volumes have fallen after frontloading to beat tariffs, and liquid tanker rates rose