Panama Canal imposes Shipping Restrictions to cope with Worsening Drought
PANAMA : A severe drought affecting the Panama Canal is forcing container vessels to lighten their loads and pay higher fees, with further increases in the cost of shipping cargo through the canal expected
MoU signed for ‘Riverine Based Religious Tourism Circuit’ to connect seven Religious places on Brahmaputra
GUWAHATI : A Memorandum of Understanding (MoU) was signed in Guwahati, Assam for the development of ‘Riverine Based Religious Tourism Circuit’ among Inland Waterways Authority of India (IWAI), Sagarmala Development Corporation Limited (SDCL), Assam
Saudi Arabia’s Port of NEOM open for business
RIYADH : The Port of NEOM, described as the primary seaport of entry to the northwest of Saudi Arabia and which now incorporates Duba Port, is up and running. Operations include a CMA CGM
Germany closes deal with COSCO on Hamburg Port Terminal
BERLIN : It became a controversial deal, when Germany has sold 25% of the Hamburg Port to the Chinese shipping company COSCO. Chancellor Olaf Scholz’s three-party coalition government last month said that it was
Baltic index nears one-month low as vessel demand weakens
LONDON : The Baltic Exchange’s main sea freight index fell for a sixth straight session on Thursday to its lowest level in almost a month, pressured by lower rates across all vessel segments. The
IMO organises conference ‘Mobilizing networks for gender equality’ on the occasion of International Day for Women in Maritime
LONDON : The second International Day for Women in Maritime, celebrated on Thursday, 18 May 2023, seeks to highlight the importance of collaboration and networking in achieving gender equality in the maritime sector. IMO Secretary-General
IMO celebrates ‘International Day for Women in Maritime 2023’ Today
LONDON : The inaugural IMO International Day for Women in Maritime on 18 May 2022 focused on the theme “Training-Visibility-Recognition: Supporting a barrier-free working environment”. The IMO invites everyone in the maritime industry to celebrate the
Over 15,000 ships could be recycled by 2023, up more than 100% on the last 10 years
COPENHAGEN : “Over the next ten years, from 2023 to 2032, more than 15,000 ships with deadweight capacity of more than 600 million tonnes are expected to be recycled, more than twice the amount