AD Ports Group secures Refinancing and Upsizing of Revolving Credit Facility to USD 2.125 Billion
ABU DHABI : AD Ports Group, the leading facilitator of global trade, logistics and industry has successfully refinanced and upsized its existing Revolving Credit Facility (RCF) from USD 1 billion to USD 2.125 billion
Foreign non-propelled ships require license for coastal trade under New Shipping Bill
NEW DELHI : Foreign-flagged non-propelled vessels, including mobile offshore drilling units and accommodation barges, will be allowed to operate in India’s coastal trade under a new Coastal Shipping law, pending approval from Parliament. These
India propels shipbuilding industry with incentives and green innovations
NEW DELHI : The Indian government is taking big steps to strengthen its domestic shipbuilding industry. Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal, recently shared several industries aimed at promoting local shipbuilding, encouraging
Indian Coast Guard ships arrive in Maldives for maritime collaboration
NEW DELHI : The Indian Coast Guard’s two patrol vessels arrived in Maldives’s capital Male on Monday as part of their ongoing deployment to the Indian Ocean Region. The visit by Offshore Patrol Vessel
Survey vessel INS Nirdeshak commissioned into Indian Navy
VISAKHAPATNAM : INS Nirdeshak, the second ship of Survey Vessel (Large) project, was commissioned into the Indian Navy, in a ceremony presided over by Raksha Rajya Mantri, Shri Sanjay Seth on 18 December 2024
Deadline approaches for IMO-WISTA Women in Maritime Survey 2024
LONDON : The deadline to take part in the 2024 IMO-WISTA Women in Maritime Survey is just two weeks away, closing on 31st December. The survey will provide a global snapshot of gender diversity in
Sebastian von Hardenberg appointed as new CEO of BSM
HAMBURG : Effective 1 January 2025, Ian Beveridge will hand over the executive management of Bernhard Schulte Shipmanagement (BSM) to BSM’s Chief Financial Officer Sebastian von Hardenberg. Beveridge will remain CEO of the Schulte Group.
BIMCO: Container Shipping Market Overview & Outlook December 2024
LONDON : Despite the fastest growth in supply and the fleet since 2010, the supply/demand balance tightened in 2024. Ship demand has increased as 90% of the capacity that normally transits the Suez Canal