LONDON : Drewry’s World Container Index decreased 2% to $3,331 per 40ft container last week. Drewry’s detailed assessment for Thursday, 28 November 2024 Source : Drewry
SINGAPORE : A.P. Moller – Maersk (Maersk) celebrated the arrival of its newest dual-fuel methanol container vessel in Singapore on Thursday, as part of her maiden voyage from Asia to Europe. The vessel, named
SHANGHAI : The Abu Dhabi National Oil Company (ADNOC), Jiangnan Shipyard (Group) Co., Ltd., and classification society DNV, celebrated the naming and delivery ceremony of China’s first large-scale Mark III Flex membrane LNG carrier,
NEW DELHI : India and the U.K. signed a Statement of Intent (SoI) on cooperation on design & development of Electric Propulsion Systems for the Indian Navy. The signing was part of the third
NEW DELHI : Oil and Natural Gas Corporation (ONGC) is in preliminary talks with domestic shipyards to construct two offshore jack-up drilling rigs, estimated to cost USD 500-550 million. The plan, recently approved by
KOCHI : The Indian Coast Guard (ICG) conducted the 11th edition of National Maritime Search and Rescue Exercise (SAREX-2024) off the Kochi coast on November 29, 2024. The two-day exercise was inaugurated by Defence Secretary
KOLKATA : In keeping with its proven commitment towards customers and the capability to handle multiple projects of various classes concurrently, Garden Reach Shipbuilders and Engineers (GRSE) Ltd commenced steel-cutting of an Ocean Research
INCHEON : The ReCAAP Information Sharing Centre (ISC), with the support of the Republic of Korea Ministry of Oceans and Fisheries, also the Focal Point for Republic of Korea, concluded a five-day Capacity Building
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to more than a 10-month low on Friday, logging its second straight weekly loss,
NEW DELHI : The plan for a new Indian Protection & Indemnity (P&I) Club has taken a step closer to reality with news that the Indian Directorate General of Shipping has issued a tender