New container line starts operations in Saudi Arabia
RIYADH : A new shipping company has started operations in Saudi Arabia, called Folk Maritime, offering feeder vessel services and short-sea transportation solutions. Mr. Poul Hestbaek is the
Shipping containers to post two consecutive years of decline: Drewry
LONDON : The global pool of shipping containers is expected to contract in both 2023 and 2024, according to Drewry’s latest report on the container equipment market. “While
Indian security and anti-narcotics agencies seized 3,300 kg of drugs off Gujarat coast
NEW DELHI : Indian security and anti-narcotics agencies on Wednesday said they have seized 3,300 kg of drugs in the highest-ever offshore capture till date and arrested five
FMC adds Chinese Shipping Company to Controlled Carrier list
WASHINGTON D.C. : The Federal Maritime Commission, the independent federal agency responsible for ensuring a competitive and reliable international ocean transportation system, has designated Hede (HONGKONG) International Shipping Limited,
PM Modi to unveil game-changing projects worth more than Rs.17,000 Crore at Tuticorin today
CHENNAI : The Union Minister for the Ministry of Ports, Shipping, and Waterways, Shri Sarbananda Sonowal, briefed the press here in the presence of Shri Shantanu Thakur, Minister
US targeted Iranian and Houthi commanders and shipping
NEW YORK : The United States targeted Iranian and Houthi commanders and a vessel that shipped more than $100 million in Iranian commodities to businesses in China in sanctions announced on Tuesday. Mohammad Reza Falahzadeh, deputy
Rs 3,00,000 Cr annual defence production & Rs 50,000 Cr exports expected by 2028-29 : Rajnath S
NEW DELHI : “The Government, headed by Prime Minister Shri Narendra Modi, is focusing on long-term gains and not short-term outcomes to make India a developed nation by
Indian traders on edge as exports worth $64 billion at risk as an impact of the Red Sea crisis : FIE
NEW DELHI : Indian exports have so far braved the Red Sea crisis with outbound shipments registering a 3.1 percent rise in January, offering consolation that the country may escape
US and UK conduct fourth round of joint airstrikes on Houthi targets in Yemen
YEMEN : The U.S. and U.K together launched “more than a dozen” airstrikes against Houthi targets in Yemen Saturday, two U.S. officials confirmed. This is the fourth round of joint
US warns of environmental disaster from cargo ship hit by Houthi rebels
WASHINGTON : A cargo ship abandoned in the Gulf of Aden after an attack by Yemeni rebels is taking on water and has left a huge oil slick, in an environmental disaster that US Central Command said Friday could