NEW YORK : Israel’s airstrikes on Iranian nuclear sites have rattled global energy markets, sending oil prices soaring and raising concerns about wider regional instability. While the escalation is bullish for near-term oil and
ATHENS : Following the conclusion of the International Chamber of Shipping (ICS) Annual General Meeting and Board Meeting in Athens, which was opened by The Hon. Vassilis Kikilias, Minister of Maritime Affairs and Insular
NEW DELHI : Indian tea exporters got worried as Israel on Friday launched strikes across Iran, India’s second most important market for the brew. India’s orthodox tea production and exports have largely been dependent
MUMBAI : A fire broke out aboard the Singapore-flagged container ship MV Interasia Tenacity near Mumbai’s coast on Thursday morning while it was en route to Nhava Sheva port. The fire, reported around 8:40
KOCHI : The Cochin Port Authority (CoPA) and Oil India Limited (OIL) signed a memorandum of understanding (MoU) for supporting offshore oil exploration of OIL in the Kerala-Konkan Basin. The MoU was signed in
LONDON : Maritime war risk premium in the Middle East could increase if the Israel-Iran conflict escalates following the latest Israeli attacks, market participants said June 13. “It all depends on how sustained the
OSLO : “Geo-politics is once again threatening the safety and stability of global supply chains so we must hope for de-escalation in the conflict between Israel and Iran, with concerns it could see a
KOCHI : Kerala’s coastline will remain on high alert as the Indian National Centre for Ocean Information Services (INCOIS) has warned of possible environmental hazards in the wake of the fire aboard the container
KOCHI : The Director General of Shipping has issued a formal notice to MSC Ship Management for gross negligence in salvage operations of the sunken container vessel MV Elsa 3 off Kochi coast and
NEW DELHI : India’s state-run refiners are planning to order 10 domestically-built vessels to transport fuels around the country as the government pushes ahead with its ambition to expand the shipbuilding industry. Indian Oil