Maritime India on the move with govt backing: FM
NEW DELHI : Finance Minister Smt Nirmala Sitharaman on Wednesday laid out the government’s plans to “position India as a hub in new and diversified supply and value
Visakhapatnam Port achieves record 50 MMT cargo handling volume in just 228 days
VISAKHAPATNAM : Visakhapatnam Port Authority (VPA) on Wednesday said it has set a record by handling 50 Million Metric Tonnes (MMT) of cargo handling in just 228 days
IFSCA seeks nod to permit foreign flag ships to operate from GIFT City
GANDHINAGAR : The International Financial Services Centres Authority (IFSCA) has sought the intervention of the Directorate General of Shipping (D G Shipping) to permit foreign flag ships to
Thailand pitches $28 Billion game-changing Sea Route to link Asia-Pacific with India and Middle East
BANGKOK : Thailand is proposing a groundbreaking multibillion-dollar initiative aimed at significantly reducing shipping times between the Indian and Pacific oceans by circumventing the Malacca Strait, one of
Panama’s drying canal menaces global fuel markets
PANAMA CITY : A vital conduit of global trade is running dry. The Panama Canal is being hobbled by a lack of rainfall, which has dried up a
Seaqualize successfully executes first ever offshore transfer lifts on Vineyard Wind 1
UTRECHT : Dutch heave compensation specialist Seaqualize executed the world’s first offshore transfer lifts of wind turbine components from a heaving supply vessel. Their newly developed offshore lifting
Foreign ships to have a tough time in ‘Amrit Kaal Vision 2047’ for Maritime
NEW DELHI : Far from removing a so-called cabotage law to permit foreign flag ships to carry all types of cargo on local routes to boost coastal shipping
Second Chinese vessel successfully docks at Vizhinjam Port with crucial equipment for international
THIRUVANANTHAPURAM : A second Chinese vessel carrying a ship-to-shore crane for the international deep-sea facility at Vizhinjam here docked at the port on Monday, sources at the port
Russia and India sign deal on supply, production of Igla air defence systems
NEW DELHI : Russia has signed an agreement with India to supply its Igla hand-held anti-aircraft missile to the country. According to the pact, Russia will also allow domestic
Greek owner to sell all container ships, spend $3B on LNG tankers
PIRAEUS : There have been a number of “big picture” questions about shipping stocks through the years: Should companies be “pure plays” or diversify across multiple segments? Which
