Red Sea crisis nears boiling point, unable to heat up spot rates
YEMEN : Russian warships entered the Red Sea last Thursday, for what the Russian Pacific Fleet’s press service has stated was the performance of “assigned tasks within the framework of the long-range sea campaign.”
Red Sea attacks to impact ship sailing speed: BIMCO
LONDON : BALTIC and International Maritime Council’s (BIMCO) latest report on the container shipping market highlights significant trends amid ongoing challenges due to the Red Sea attacks. Ship supply is set to grow by
ClassNK grants Innovation Endorsement for Products & Solutions to “Wall Climbing Robot”
NEW YORK : ClassNK has granted its Innovation Endorsement for Products & Solutions*1 to a “Wall Climbing Robot” from Sumitomo Heavy Industries, Ltd., Mitsui O.S.K. Lines, Ltd., and MOL Ship Management Co., Ltd. “Wall Climbing Robot”
Paradip Port becomes numero uno among Indian Major Ports in cargo throughput in FY 2023-24
PARADIP : Paradip Port Authority (PPA)’s remarkable journey has reached new heights with the recent record-breaking achievement of clocking incredible 145.38 MMT cargo throughput in FY 2023-24 and thus-by nudged passed Deendayal Port, Kandla
India’s defence exports crossed all-time high of ₹21,000 crore : Rajnath Singh
NEW DELHI : India’s defence exports reached an all time high level of ₹21,083 crore in financial year 2023-24 with a 32.5% growth in FY24 compared to previous financial year, said Defence Minister Shri Rajnath Singh on
AD Ports Group announces 2023 Annual Report
ABU DHABI : AD Ports Group, a leading facilitator of global trade, logistics, and industry, issued its 2023 Annual Report on April 1. The report highlights significant achievements for the Group that expanded its
First vessel passes through temporary channel near Baltimore’s Key Bridge wreckage site
BALTIMORE — The Tugboat Crystal Coast, pushing a fuel barge, was the first vessel to move through the newly created temporary alternate channel in Baltimore following the collapse of the Key Bridge, according to
Celebrating exemplary role of Seafarers in Maritime Sector: Weeklong National Maritime Celebrations begins with pinning of the first “Merchant Navy Flag on PM’s lapel”
NEW DELHI : Gearing up for a weeklong celebration of National Maritime Day starting April 5, the Prime Minister, Shri Narendra Modi, was honored with the ‘Merchant Navy Flag,’ pinned on his lapel by