Red Sea disruptions benefit shipping companies’ near-term profitability : Fitch Ratings
Global shipping companies’ short-term profitability will benefit from increased freight rates, which exceed the costs of re-routing following persistent attacks on commercial vessels in the Red Sea, Fitch Ratings says. They do not expect
ClassNK grants Innovation Endorsement for Products & Solutions to “Cassandra” developed by Deep Sea Technologies
TOKYO : ClassNK has granted its Innovation Endorsement for Products & Solutions*1 to a vessel & voyage performance monitoring platform called “Cassandra” developed by Deep Sea Technologies SMPC. “Cassandra” is a platform that integrates
Industry Association condemn Houthi attack on MV True Confidence
LONDON : Industry Associations express their deep concern over the tragic loss of life and injuries suffered by the crew of MV True Confidence in an attack in the Red Sea on 6 March
Houthis shoot at another “American” ship saying attacks are escalating
YEMEN : Another bulker sailing southeast of Aden, Yemen was targeted by the Houthis again. Initial reports are that the vessel was not hit and that the crew is safe, but it appears that
Red Sea crisis causes surge in vessel calls and congestion at African ports
NEW YORK : “The Red Sea crisis is highlighting the wide gap in efficiency between ports in Africa and other world regions, despite heavy investment in port infrastructure on the continent over the past
Andaman & Nicobar Command carries out maiden all-women maritime surveillance mission
NEW DELHI : A maiden all-women maritime surveillance mission was undertaken by the Andaman & Nicobar Command on the 40th anniversary of INAS 318 and International Women’s Day on March 08, 2024. The crew based
US Coast Guard Ship visits Port Blair for the joint exercise “Sea Defenders-2024” with Indian Coast Guard
NEW DELHI : Marking a significant step in bolstering bilateral cooperation between the Indian Coast Guard (ICG) and the United States Coast Guard (USCG), the USCG Ship Bertholf reached Port Blair on 07 Mar
JNPA celebrates historic milestone, marks safe arrival of M.T. Bharat at its Liquid Berth Terminal
MUMBAI : Jawaharlal Nehru Port Authority (JNPA) which operates as a 100% landlord port is elated to announce a momentous achievement as the chemical tanker M.T. Bharat, laden with precious cargo of Edible Oil,