COSCO launches green finance framework
HONGKONG : COSCO Shipping Ports has announced the launch of its green finance framework, which has successfully passed the verification by Hong Kong Quality Assurance Agency (HKQAA). The
Ambuja Cement introduces green fuel on captive ships
MUMBAI : Switching to bio-diesel will reduce CO2 emissions from shipping lines by 25 per cent, which in turn will strengthen India’s ability to deliver on its commitment
Maersk signals next logistics acquisition will be billion-dollar deal
COPENHAGEN : Maersk on Tuesday suggested it is prepared to spend at least $1 billion on a logistics company takeover as the group progressively focuses on larger acquisitions
Modi Government’s plan for transshipment port, other infra projects in Nicobar Island Clears First
NEW DELHI : The Narendra Modi government’s ambitious plan for a transshipment terminal and other infrastructure projects on the Great Nicobar Island, piloted by the NITI Aayog, has
Shipping now faces the highest price on carbon for any global industry
The world has never had a global price on carbon. Instead, more than 60 emission trading systems and taxes have been stitched together by national governments pricing a
After containers, dry bulk shipping is red hot now
The Baltic Dry Index or BDI, London-based Baltic Alternate’s foremost sea freight index that tracks charges to ship dry bulk commodities, rose essentially the most in over ten
Newbuild over-investment could shorten container shipping’s bull run
A huge surge in containership newbuild orders could act to shorten the current market boom for the sector, analyst Drewry warns. LONDON : Container shipping is enjoying a
Jindal Drilling awarded jackup contract with ONGC
MUMBAI : Indian offshore drilling player Jindal Drilling & Industries has received a letter of award from Oil and Natural Gas Corporation (ONGC) for the charter hire of
China’s Damen Yichang Shipyard launches crane barge into water
DAMEN : The launch event was scheduled with the season, to guarantee the correct water depth needed for performing the launch successfully. The shipyard will now make the
India’s Covid surge rocks global shipping industry
MUMBAI : India’s big new wave of Covid-19 infections has hit the worldwide transport trade, which depends on the nation for seafarers, as crews come down with the
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