Baltic index marks first weekly fall in three
LONDON : The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, edged up on Friday on stronger demand in the capesize segment, but marked its first weekly decline
Govt receives 9 EoIs for Rs 41,000 Cr Int’l transshipment port project at Great Nicobar Island
NEW DELHI : The ports ministry has received expressions of interest (EOIs) from nine players for the Rs 41,000 crore international transshipment port project at Great Nicobar Island in the Bay of Bengal, a
NorthStandard announces sponsorship of Seafarers Happiness Index as latest report reveals dip in satisfaction levels
NEWCASTLE (UK): NorthStandard is pleased to announce its continued sponsorship of Seafarers Happiness Index, an initiative of the Mission to Seafarers, as the latest report highlights a decline in overall satisfaction levels among vessel
Govt’s expanded specialised vessels list a plus for Cochin Shipyard
KOCHI : Cochin Shipyard Ltd will gain from the government’s decision to expand the list of ‘specialised vessels’ that are eligible for a state-aid introduced in April 2016 for a ten-year period. In April,
Future links between Bangladesh & India to shape by multimodal connectivity
DHAKA : Indian High Commissioner to Bangladesh Pranay Verma said the future links between Bangladesh and India would be shaped by multimodal connectivity, including through road and rail, inland waterways, coastal shipping, as well
Rs 4,000 cr state-aid for shipbuilding go abegging as yards collapse
MUMBAI : A Rs 4,000 crore state aid budgeted by the government for local shipbuilders for a ten-year period starting April 2016, is going abegging after a spate of yard collapses resulted in just Rs 241
Scorpio Tankers doubles Q1 revenue
MONACO : Scorpio Tankers announced a strong set of first quarter results, doubling its revenue and returning to profit in the first three months of 2023. Profit of $193.2m in the first quarter 2023
Edda Wind repeat order confirms as offshore wind service vessel technology of choice
FINLAND : MacGregor, part of Cargotec, has extended its run of orders for walk-to-work gangway technology from Edda Wind, after receiving a contract to equip the 8th service vessel in succession for the Østensjø