US-Adani deal for Sri Lanka port heats up race with China
NEW DELHI : The US International Development Finance Corporation’s (DFC) announcement of a $553 million investment in the West Container Terminal of Colombo port was not unexpected.The said
In a season first, 2 cruise ships berth at same time in Mormugao port
VASCO : Two cruise vessels berthed simultaneously on last Saturday for the first time during this season at the cruise berth in the Mormugao Port. The ‘MV Resilen
Europort 2023 to leave lasting impression of maritime and offshore industries in transition
ROTTERDAM : As the curtains fall on Europort 2023, memories linger of an event that saw stakeholders from across the maritime world connect on the key themes of
DMC presents completely redesigned Optima nozzle at Europort 2023
ROTTERDAM : Rudder and steering systems specialist DMC launched the new and improved Optima nozzle at Europort 2023 in Rotterdam last Thursday. The original Optima was introduced in
Dry Bulk Market – Positive Momentum in all Classes : Baltic Exchange
LONDON : The week began with an encouraging start in the Pacific market, marked by positive sentiment and a notable increase in volume with several tenders and operator-controlled
Cyberattack keeps Australian Ports offline as containers pile up
SYDNEY : Australia is assessing the logistical impact of a cyberattack that has paralyzed some of its biggest ports since Friday and said interruptions will continue for several
Soaring fees at Panama Canal have LNG Shippers taking long route
NEW YORK : Liquefied Natural Gas shippers increasingly are opting to travel up to two weeks longer and almost 6,000 nautical miles further to bypass the Panama Canal as transporters
NYK boosts fleet with new LNG-powered PCTC
TOKYO : Japanese shipping company Nippon Yusen Kaisha has taken delivery of Sweet Pea Leader, the latest LNG-fueled pure car and truck carrier (PCTC), at Tadotsu Shipyard, part of Imabari
GRSE earns Rs 1,654 crore revenue from operations in 1st half of FY 2023-24
KOLKATA : Defence PSU Garden Reach Shipbuilders and Engineers Limited (GRSE) on Friday said it earned a revenue of Rs 1,654 crore from operations in the first half
Oil tanker blast at Chennai Port kills one, injures three
CHENNAI : An explosion on board an oil product tanker docked along one of the berths at India’s Chennai Port killed a worker and injured three others on