Kerala Govt seeks $1.1 billion in compensation from MSC over oil spill
Kerala has sued Swiss-based Mediterranean Shipping Company and sought $1.1 billion in compensation after one of its container vessels sank and leaked fuel into the Arabian Sea in
All 11 Stranded Vessels with Indian Seafarers sailed from Ras Isa Port, Yemen : DG Shipping
MUMBAI : The Directorate General of Shipping informs that all 11 vessels stranded at Ras Isa Port, Yemen, carrying over 150 Indian seafarers, have successfully sailed out after
Interorient in collaboration with Danship & Partners announces FDI of INR 10,000 Cr in the Indi
NEW DELHI : A landmark Foreign Direct Investment (FDI) in the Indian shipping sector stands announced by a Cyprus maritime entity, Interorient Navigation Co. Ltd., based in Limassol,
Wattlab and HGK Shipping team up for world’s first hybrid solar-powered inland shipping vessel
ROTTERDAM : Dutch maritime solar innovator Wattlab has delivered a solar energy system for HGK Shipping’s inland shipping cargo vessel Blue Marlin. Representing a major technical milestone and
Deendayal Port delivers robust Q1 growth, tops 100 MMTPA Club
GANDHIDHAM : Deendayal Port Authority (DPA), Kandla, has recorded an impressive performance in the first quarter of FY 2025–26 (April–June 2025), continuing its upward trajectory and consolidating its
Oil bunker costs to double by 2035 on IMO rules, says Wartsila
NEW YORK : Oil-based bunker costs will double over the next decade due to the International Maritime Organization’s upcoming regulation on greenhouse gas emissions, Finland-based Wartsila’s CEO Hakan
Drewry: World Container Index down 5.7% last week
LONDON : For many years, World Container Index has been the go-to, independent, global reference for index-linked contracts. If your organisation is considering index-linked contracts or requires regional
Container Market continues its decline
LONDON : Next Tuesday (Tomorrow) sees the end of the pause in Tariffs on imports to the United States as the world waits to see what will happen.
Govt mandates One Towing Vessel at all Major and Non-major Ports in India handling over 10 MMT Cargo
NEW DELHI : The Indian government has proposed a rule requiring all Major or Non-major Ports that handle over 10 million metric tonnes (MMT) of cargo annually to
Baltic Index loses ground for Third Straight Week on Lower Capesize Demand
LONDON : The Baltic Exchange’s main sea freight index, which monitors rates for vessels transporting dry bulk commodities, edged up on Friday but registered its third consecutive weekly