May 8, 2026
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New container line starts operations in Saudi Arabia

February 29, 2024 Export - Import, Foreign Ports, Global Trade, International Shipping, Logistics, Maritime, Shipping, Trade, Trending News
RIYADH : A new shipping company has started operations in Saudi Arabia, called Folk Maritime, offering feeder vessel services and short-sea transportation solutions. Mr. Poul Hestbaek is the first Chief Executive Officer (CEO) of

Shipping containers to post two consecutive years of decline: Drewry

February 29, 2024 Container, International Shipping, Logistics, Maritime, Shipping, Shipping Line, Trade, Trending News
LONDON : The global pool of shipping containers is expected to contract in both 2023 and 2024, according to Drewry’s latest report on the container equipment market. “While stubbornly high levels of inflation in

Indian security and anti-narcotics agencies seized 3,300 kg of drugs off Gujarat coast

February 29, 2024 Maritime, Trade, Trending News
NEW DELHI : Indian security and anti-narcotics agencies on Wednesday said they have seized 3,300 kg of drugs in the highest-ever offshore capture till date and arrested five foreigners from a dhow in the

FMC adds Chinese Shipping Company to Controlled Carrier list

February 29, 2024 Maritime, Company, International Shipping, Trade, Trending News
WASHINGTON D.C. : The Federal Maritime Commission, the independent federal agency responsible for ensuring a competitive and reliable international ocean transportation system, has designated Hede (HONGKONG) International Shipping Limited, a company associated with the government

PM Modi to unveil game-changing projects worth more than Rs.17,000 Crore at Tuticorin today

February 28, 2024 Maritime, Infrastructure, Ports, Railway, Shipping, Transport, Trending News
CHENNAI : The Union Minister for the Ministry of Ports, Shipping, and Waterways, Shri Sarbananda Sonowal, briefed the press here in the presence of Shri Shantanu Thakur, Minister of State for Ports, Shipping, and

US targeted Iranian and Houthi commanders and shipping

February 28, 2024 International Shipping, Maritime, Trending News
NEW YORK : The United States targeted Iranian and Houthi commanders and a vessel that shipped more than $100 million in Iranian commodities to businesses in China in sanctions announced on Tuesday. Mohammad Reza Falahzadeh, deputy commander of Iran’s Islamic Revolutionary Guard

Rs 3,00,000 Cr annual defence production & Rs 50,000 Cr exports expected by 2028-29 : Rajnath Singh

February 26, 2024 EXPORT, Defence, Trade, Trending News
NEW DELHI : “The Government, headed by Prime Minister Shri Narendra Modi, is focusing on long-term gains and not short-term outcomes to make India a developed nation by 2047,” said Raksha Mantri Shri Rajnath

Indian traders on edge as exports worth $64 billion at risk as an impact of the Red Sea crisis : FIEO

February 26, 2024 EXPORT, Global Trade, Maritime, Trending News
NEW DELHI : Indian exports have so far braved the Red Sea crisis with outbound shipments registering a 3.1 percent rise in January, offering consolation that the country may escape the worst of the ongoing tensions

US and UK conduct fourth round of joint airstrikes on Houthi targets in Yemen

February 26, 2024 Maritime, Trending News
YEMEN : The U.S. and U.K together launched “more than a dozen” airstrikes against Houthi targets in Yemen Saturday, two U.S. officials confirmed. This is the fourth round of joint coalition strikes since Jan. 11 to pressure the

US warns of environmental disaster from cargo ship hit by Houthi rebels

February 26, 2024 International Shipping, Defence, Maritime, Trending News
WASHINGTON : A cargo ship abandoned in the Gulf of Aden after an attack by Yemeni rebels is taking on water and has left a huge oil slick, in an environmental disaster that US Central Command said Friday could get worse.Rubymar, a Belize-flagged, British-registered and
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