Baltimore bridge collapse could cause significant supply chain disruption
BALTIMORE : The Francis Scott Key Bridge in Baltimore collapsed after being struck by the 10,000 TEU container vessel Dali, deployed on 2M Alliance’s Far East – US East Coast
Red Sea crisis : Asia, Africa, Europe to face most disruption, says GTRI
ATLANTA : The Red Sea crisis is expected to adversely impact trade volumes in a substantial way in 2024, said a report by GTRI, adding that rising shipping,
Navy operates 8 submarines together in Arabian Sea, demonstrates op readiness
NEW DELHI : The Western Seaboard witnessed eight submarines operating together in a recently concluded exercise in the Arabian Sea, demonstrating their high levels of operation readiness, officials
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
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