CoPA & OIL sign MoU for offshore oil exploration support base at Kochi
KOCHI : The Cochin Port Authority (CoPA) and Oil India Limited (OIL) signed a memorandum of understanding (MoU) for supporting offshore oil exploration of OIL in the Kerala-Konkan Basin. The MoU was signed in
Maritime war risk premium could rise if Israel-Iran conflict escalates
LONDON : Maritime war risk premium in the Middle East could increase if the Israel-Iran conflict escalates following the latest Israeli attacks, market participants said June 13. “It all depends on how sustained the
Israel-Iran conflict: safety and stability of ocean supply chains under threat
OSLO : “Geo-politics is once again threatening the safety and stability of global supply chains so we must hope for de-escalation in the conflict between Israel and Iran, with concerns it could see a
Kerala HC demands ₹6 crore for MSC Manasa F, another vessel in Vizhinjam,from the company for cashew…
KOCHI : The Kerala High Court has ordered the arrest of Liberian-flagged vessel MV MSC Manasa F, along with among others, its paraphernalia, furniture, etc., at present anchored in the Vizhinjam Port, on an
Wan Hai 503 fire partially contained, INCOIS warns of possible debris and oil spill along Kerala sho…
KOCHI : Kerala’s coastline will remain on high alert as the Indian National Centre for Ocean Information Services (INCOIS) has warned of possible environmental hazards in the wake of the fire aboard the container
Ship wreck: DG Shipping gives 48-hour deadline to extract oil
KOCHI : The Director General of Shipping has issued a formal notice to MSC Ship Management for gross negligence in salvage operations of the sunken container vessel MV Elsa 3 off Kochi coast and
APM Terminals and SANY Marine sign landmark agreement to accelerate decarbonisation
THE HAGUE : APM Terminals and SANY Marine have signed a Master Framework Agreement for the future supply of battery-electric terminal tractors to APM Terminals, marking a significant step in the company’s decarbonisation strategy.
Panama Canal chief warns $23bn ports deal could threaten canal neutrality
PANAMA CITY : The head of the Panama Canal Authority has raised fresh concerns that a $23 billion global ports deal could jeopardize the neutrality of one of the world’s most strategic trade routes,