Container lines ‘scramble’ to rent more ships amid Red Sea crisis
LONDON : Red Sea diversions mean container lines need more ships to carry the same amount of cargo. The security situation — which is even more precarious in the near term due to coalition
IWAI set to spark with 300-400 electric vessels in next 5 years : Sarbananda Sonowal
NEW DELHI : India’s Ministry of Ports, Shipping and Waterways (MoPSW) will invest ₹45,000 crore for the development of river cruise tourism in the country. According to Union Minister Shri Sarbananda Sonowal, ₹35,000 crore
Iran & India reach long-term agreement on Chabahar port’s development
TEHRAN : Iran and India have reached a “final agreement” on the development of the southeastern Iranian port city of Chabahar, the official news agency IRNA reported on Monday. The agreement was reached during
Concerned about rising attacks on ships by Yemen’s Houthi rebels, India tells Iran
NEW DELHI : India on Monday raised concerns with Iran about the increasing number of attacks on merchant ships in the Red Sea by Tehran-backed Yemen’s Houthi rebels. “There has been a perceptible increase in threats
Cochin Shipyard set to take a giant leap on global stage with new dry dock and repair facility
KOCHI : India’s shipbuilding and ship repair capabilities will take a quantum leap with state-run Cochin Shipyard Ltd, India’s biggest shipbuilder by dock capacity, opening a new dry dock and an international ship repair
PSA container throughput performance for 2023
SINGAPORE : PSA International Pte Ltd (PSA) enjoyed a record-breaking year as it handled container volumes amounting to 94.8 million Twenty-foot Equivalent Units (TEUs) across its port terminals around the world for the year
US-owned ship hit by missile off Yemen
LONDON : Missile fire struck a ship just off the coast of Yemen in the Gulf of Aden, the British military said. Trade Operations said the attack happened some 110 miles (177 kilometers) miles
Egypt’s Suez Canal revenues down 40% due to Houthi attacks
CAIRO : Dollar revenues from Egypt’s Suez Canal are down 40% from the beginning of the year compared to 2023, canal authority head Osama Rabie said on Thursday, after attacks on ships by Yemen’s