Türkiye, Saudi Arabia launch transit route for goods amid Hormuz crisis
TURKEY : Türkiye has initiated a transit trade with Saudi Arabia to keep shipments moving to regional countries amid disruptions in the Strait of Hormuz, Trade Minister Ömer Bolat said Monday. Speaking at a
Hanseatic Global Terminals becomes full owner of Florida International Terminal, LLC
ROTTERDAM: Hanseatic Global Terminals and Grupo Empresas Navieras, through its affiliate Agunsa USA, Inc. (AGUNSA), have completed the capital structure adjustment of Florida International Terminal, LLC (FIT), operator of the Florida International Terminal. With
Korean shipbuilders at center of US-China rivalry
SEOUL : Beijing struggles to weaken Washington’s push to revive American shipyards. Competition has intensified between the United States and China to strengthen cooperation with Korea’s shipbuilding sector, as the world’s two largest economies
MoPSW launches 20 maritime reforms to boost trade efficiency and cut logistics costs
NEW DELHI : In a significant move to enhance the efficiency and global competitiveness of India’s maritime sector, the Ministry of Ports, Shipping and Waterways has announced a comprehensive package of 20 major reforms
Govt likely to launch $1.5-billion reinsurance fund for ships navigating war-hit West Asia
NEW DELHI : War risk insurance premiums for commercial shipping have surged up to 7.5 percent in recent weeks. The Centre may announce a $1.5 billion-fund soon to provide reinsurance cover to Indian vessels
SCILAL signs MoU with Synergy Marine to strengthen maritime training and capability development
MUMBAI : Shipping Corporation of India Land & Assets Ltd. (SCILAL) has signed a Memorandum of Understanding (MoU) with Synergy Marine Pte. Ltd. to advance collaboration in maritime capability development and training. The partnership
India takes the lead in ship recycling under the Hong Kong Convention
HONG KONG : Ship recycling is a critical component of the maritime lifecycle, contributing significantly to resource efficiency and circular economy, with over 90% of a ship’s material recovered and reused. To ensure that
SDHI secures India’s First Ammonia Dual-Fuel Bulk Carrier Order
MUMBAI: In a landmark development for India’s green shipbuilding ambitions, Swan Defence and Heavy Industries Limited (SDHI) has secured a Category 4 order* from Energy ONE Limited for the construction of four (4) 92,500