Govt intends to increase the share of IWT to 5% as per MIV-2030 : Sarbananda Sonowal
NEW DELHI : Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal informed in a written reply to the Lok Sabha that, Inland Water Transport (IWT) is the most economical mode of transportation,
J M Baxi Ports & Logistics Ltd and Indian Potash Ltd signs JV concession agreement with Visakhapatnam Port Authority
VISAKHAPATNAM : Vizag Multipurpose Terminal Pvt Ltd, an equal joint venture between J M Baxi Ports & Logistics Ltd and Indian Potash Ltd, has signed a concession agreement with Visakhapatnam Port Authority for mechanising
“K” Line: Crew Development Seminar in India― With the Theme, “Changing Forward”
MUMBAI : K Marine Ship Management Pte. Ltd. (KMSM), * a ship management company that is part of the Kawasaki Kisen Kaisha, Ltd. (“K” LINE) group, held a crew seminar in Mumbai, India for
FMC imposes nearly US$1 million fine against Wan Hai
NEW YORK : The Federal Maritime Commission (FMC) has confirmed a fine of US$950,000 against Wan Hai Lines. The Taiwanese box line has also agreed to refund charges in a detention and demurrage case
Baltic index snaps 19-session winning streak as larger vessels weigh
LONDON : The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped its 19-session winning streak on Thursday, weighed by weakness in the capesize and panamax segments. The
California and Japan sign agreement for clean ports and green shipping industry
TOKYO : The governments of California and Japan announced a new collaboration aiming to clean up a critical link in the global supply chain by cooperating on strategies to cut planet-warming pollution at seaports
The Parliamentary Standing Committee concerns with slow utilisation of funds under Sagarmala Project
NEW DELHI : The Parliamentary Standing Committee on Transport, Tourism and Culture has expressed concern about the slow utilisation of funds under the Sagarmala Project — the flagship scheme of the Ministry of Ports, Shipping
MSC teams up with GCMD to accelerate industry efforts to decarbonize
GENEVA : The world’s largest container line Mediterranean Shipping Company (MSC) has inked a five-year partnership deal with the Global Centre for Maritime Decarbonisation (GCMD) MSC becomes the fifth impact partner of Singapore-based GCMD