Ocean Container Shipping rates can reduce following USEC Deal
CALIFORNIA : Strikes at ports on the US East Coast and Gulf Coast, which would have caused an economic and supply chain crisis, have been called off – with ocean container freight rate growth now expected
Oil Tankers back up near Yemeni Port after Israel hits tugs
YEMEN : An unusually large flotilla of merchant vessels has backed up near Yemen’s Ras Isa Port in the Red Sea after Israeli air raids damaged the tugboats needed to bring them to shore. Several tugs were heavily
National Waterways to get Rs 50,000 crore investment over the next 5 years
KOHORA : An investment of Rs 50,000 crore will be made to boost infrastructure along National Waterways(NW) in the next five years, according to an official statement on Friday. According to the statement, the
Odisha to develop ₹4,000-Cr ship recycling hub near Paradip Port
PARADIP : The Odisha Government is planning to set up a ₹4,000-crore ship recycling hub near Paradip Port. This project will be developed in collaboration with the Paradip Port Authority (PPA) and it aims
DP World hits 100 Million TEU capacity milestone
DUBAI : DP World has achieved a historic milestone, surpassing 100 million TEUs of container handling capacity across its global portfolio since inception. The achievement is a testament to over $11 billion in strategic
Contributions invited for showcasing Andaman’s Maritime Heritage at NMHC
LOTHAL : Andaman & Nicobar Administration will develop its coastal Union Territory Pavilion at the upcoming National Maritime Heritage Complex (NMHC) in Lothal, Gujarat. The NMHC is envisioned as an international tourist destination to
Qatar Ports achieves remarkable growth, bolstering its Global Shipping and Logistics Stature
QATAR : Qatar Ports has marked 2024 with a series of impressive accomplishments, significantly strengthening its position in the global shipping and logistics sectors. Throughout the year, Qatar Ports has been instrumental in supporting
Indian Ports sector rebounds with 5.3% YoY growth in Dec 2024
NEW DELHI : The Indian Ports sector witnessed a 5.3 per cent year-on-year growth in December 2024, marking a recovery after a two-month decline of 1.8 per cent year-on-year during October and November. This