Red Sea crisis continues; adverse impact on trade data will be visible in new fiscal : GTRI
NEW DELHI : The Red Sea crisis has become a major threat to global trade and its impact on trade volumes will become visible in FY25, according to
Bangladeshi ship ‘M.V. Abdullah’ hijacked by Somalian pirates
DHAKA : A Bangladesh flag carrier ship was hijacked by Somalian pirates in the Indian Ocean on 12 March, according to the owner of the vessel, Bangladeshi Kabir
EFTA India Agreement- What’s there for Maritime?
By Mr. Rajesh Menon, Associate Director at GOI / Visiting Faculty /Executive Coach An interesting development with significance to the maritime sector in India is the recent comprehensive
‘Maitri Setu’ between Tripura and Bangladesh to be operational soon: Tripura CM
AGARTALLA : Shri Manik Saha, Tripura Chief Minister said that the India-Bangladesh ‘Maitri Setu’ (friendship bridge) connecting the border town of Sabroom in Tripura with Ramgarh in Bangladesh
India and Sri Lanka are planning to initiate ferry service
NEW DELHI : The Indian and Sri Lankan governments have announced plans to initiate a ferry service between the two nations before the end of this month. Indian
US-bound ship hits Bharat Petroleum crude import facility
JAMNAGAR : A US-bound vessel from Sikka Port in Gujarat accidentally hit a Bharat Petroleum Corp’s (BPCL) crude import facility late on Sunday, two sources told on Monday.
India-U.S. Maritime Security Exercise ‘Sea Defenders-2024’ culminates at Port Blair
PORT BLAIR : The comprehensive maritime security exercise ‘Sea Defenders-2024’ between the Indian Coast Guard (ICG) & United States Coast Guard (USCG) culminated at Port Blair on March
PSA Singapore launches Jurong Island Terminal expansion project
SINGAPORE : PSA Singapore has unveiled a strategic initiative to expand its Jurong Island Terminal (JIT) in response to escalating demand for sustainable, efficient, and resilient supply chain
Red Sea disruptions benefit shipping companies’ near-term profitability : Fitch Ratings
Global shipping companies’ short-term profitability will benefit from increased freight rates, which exceed the costs of re-routing following persistent attacks on commercial vessels in the Red Sea, Fitch
ClassNK grants Innovation Endorsement for Products & Solutions to “Cassandra” developed by
TOKYO : ClassNK has granted its Innovation Endorsement for Products & Solutions*1 to a vessel & voyage performance monitoring platform called “Cassandra” developed by Deep Sea Technologies SMPC.