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PSA BMCT, Mumbai handles one of the world’s largest container vessels – Damietta Express

MUMBAI : In a significant milestone for India’s maritime and logistics sector, one of the world’s largest container vessels, “Damietta Express” operated by Hapag-Lloyd,...

Why have 1,000 ships at times lost their GPS in the Mideast?

PARIS: The global positioning system (GPS) capabilities of cargo ships, oil tankers and other vessels stuck in the Middle East because of the widening...

GPS Jamming rises 55% in a Week in the Middle East Gulf

TEL AVIV (ISRAEL): GPS jamming affected more than 1,650 ships in the Middle East Gulf on March 7, up 55% from the previous week,...

Dry Bulk Shipping: Rates Volatility as Middle East War intensified

LONDON: Baltic Exchange Weekly Roundup Bulk report – Week 10 Capesize The market experienced a volatile week, shaped largely by macro developments and rising bunker prices...

India’s West Coast Ports feel Gulf War Impact as Cargo gets Stranded

MUMBAI/GANDHIDHAM: Exports of containers, rice shipments, LPG imports and bulk cargo such as sulphur and gypsum have been disrupted at India’s key west coast...

Tamil Nadu unveils Shipbuilding Policy 2026 with focus on Green Vessels, Recycling Clusters and Mega Shipyards

CHENNAI: Tamil Nadu has unveiled an ambitious Shipbuilding Policy 2026 that places sustainability and green maritime innovation at the centre of the state’s industrial...

Pharma exporters brace for Rs 5,000-crore hit as US-Iran war drives up freight costs

NEW DELHI: A total stop to pharma shipments to West Asia this month alone can drain Rs 2,500–Rs 5,000 crore of export value, the Pharmaceuticals Export...

Explosion reported off tanker near Kuwait, crew safe, UKMTO says

LONDON: A tanker at anchor off Kuwait ​reported seeing a large explosion ‌on its port side and was taking on water, the United Kingdom...

MSC introduces war-risk surcharge on Africa trade

GENEVA : Mediterranean Shipping Company (MSC) has announced the introduction of war-risk surcharges on cargo shipments bound for African markets and Indian Ocean island...

Global trade reroutes to Africa as Hormuz traffic plunges 90%

LONDON: Commercial shipping traffic through the Strait of Hormuz has dropped as much as 90% amid escalating conflicts in the Middle East, forcing global...
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