Dry Bulk shipping fundamentals seen improving moving forward : BIMCO
LONDON : We expect the supply/demand balance to strengthen in 2024 and weaken in 2025. Supply is estimated to grow by 2-3% in 2024 and 1.5-2.5% in 2025, while demand is projected to grow
Shipping regulator issues ‘urgent advisory’ to recruiting agencies amid West Asia tensions
MUMBAI : Maritime sector regulator Directorate General of Shipping (DGS) has issued an ’urgent advisory‘ for Indian recruiting agencies and seafarers amid the ongoing situation in Iran and Israel to ensure safety of the
US-led forces intercept Houthi missile and drones targetting ‘MV Maersk Yorktown’
WASHINGTON : A coalition vessel successfully engaged one anti-ship ballistic missile launched from the Iranian-backed Houthi “terrorist-controlled areas” in Yemen over the Gulf of Aden, the US Central Command said on Thursday. “The
FMC refuses to comment on contradictory D&D rules claim
WASHINGTON D.C. : The Federal Maritime Commission (FMC) has refused to comment on claims by the World Shipping Council (WSC) that its interpretive rule on detention and demurrage (D&D) charges is contradictory. On 18
Indian Coast Guard & Royal Oman Police Coast Guard officials meet
NEW DELHI : The 5th Annual High-Level Meeting between the Indian Coast Guard (ICG) and the Royal Oman Police Coast Guard (ROPCG) took place in New Delhi on April 23, 2024, marking a significant milestone
DP World promotes transparent sustainable infrastructure development
DUBAI : DP World has published a Sustainable Development Impact Disclosure (SDID), making it the first company globally to adopt and disclose its development impact in countries of focus following the recently released impact
ClassNK releases route correction factors calculation tool ‘WACDAS’- supporting container stacking optimization –
TOKYO : ClassNK has released a new tool, ‘WACDAS (WAve Climate Data Aggregation for Ships)’, for calculating the route correction factors essential for ensuring the safety of container lashing and supporting container stacking optimization. Responding
Vizhinjam International Seaport’s trial run of cargo operations will begin from May onwards
THIRUVANANTHAPURAM : The trial run of cargo handling operations at Vizhinjam International Seaport will start by the end of May 2024. Yard and ship-to-shore cranes brought to the port from China will be used