A Global Carbon Tax on Shipping is Coming, Says ABS Chairman and CEO
HOUSTON : A universal, global carbon tax on shipping is coming, as alternative blue fuels made with carbon capture emerge as a critical step in the energy transition
As part of overseas deployment to ASEAN countries, ICG Ship Samudra Paheredar arrives at Manila Bay,
MANILA BAY : Indian Coast Guard ship Samudra Paheredar, a specialized Pollution Control Vessel, arrived at Manila Bay, Philippines on 25 March 2024 on a three-day visit. The
Maersk will avoid Red Sea despite EU security operation
COPENHAGEN : Maersk said on Friday it was too early to resume sailings through the Red Sea due to a continued elevated risk level, despite an initiative by
‘No Indian ship attacked but situation in Red Sea volatile’ says Navy Chief
NEW DELHI : The Indian Navy, which has deployed more than 10 warships in the region, has thwarted several piracy attempts in and around Arabian Sea during the
Pirates demand $5mn ransom for release of Bangladeshi crew of MV Abdullah
SOMALIA : Pirates have demanded a staggering $5 million (₹420 million) for release of 23 Bangladeshi crew held captive aboard the ship MV Abdullah. The Bangladeshi-flagged vessel was
Baltic index slips to three-week low on weaker capesize, panamax rates
LONDON : The Baltic Exchange’s main sea freight index fell to over a three-week low on Monday, weighed down by weakness in the capesize and panamax vessel segments.
IMO progress and GHG levy momentum increases the imminence of the endgame for shipping’s use of fo
LONDON : The MEPC 81 meeting concluded on 22nd March 2024, further clarifying the risk and opportunity both for the international shipping value chain’s commercial decision making, and
PSA International announces financial results of 2023
SINGAPORE : PSA International has reported earnings of $1.46 billion for the FY2023 ended Dec 31, 2023, down 6.3% compared to its $1.56 billion earnings in FY2022. For
Mazagon Dock Shipbuilders to lease land parcel from Mumbai Port Authority for ₹354 crore
MUMBAI : State-run Mazagon Dock Shipbuilders Ltd (MDL) on Thursday (March 21) said the company will lease a land parcel measuring 14.55 acres from the Mumbai Port Authority
IMO agrees possible outline for maritime “net-zero framework
LONDON : IMO has agreed on an illustration of a possible draft outline of an “IMO net-zero framework” for cutting greenhouse gas emissions (GHG) from international shipping. This
