Baltic index retreats on lower rates across all vessel segments
LONDON : The Baltic Exchange’s Dry Bulk Sea Freight Index, which tracks rates for ships carrying dry bulk commodities, retreated on Tuesday rates dipped across all vessel segments. The index, which factors in rates
Indian Govt. plans Rs 4,000-cr project for maritime heritage complex Museum at Lothal’s Indus Valley civilisation port site by 2029 : Sonowal
NEW DELHI : The Centre, through the Union Ministry of Ports, Shipping and Waterways (MoPSW), is looking at ₹4,000 crore project where it intends to rewrite the country’s maritime history, with a strong push
VPPL launches Skilling Program to empower Youth of Vadhvan
MUMBAI : Vadhvan Port Project Ltd. (VPPL), the 13th major port of India, has announced the launch of the Vadhvan Port Skilling Program, aimed at equipping the youth of the region with essential skills
DHL anticipates chaotic start of 2025 for container shipping
NEW JERSEY : DHL Global Forwarding said that stronger than expected demand container shipping is being seen in the final months of 2024. In its Ocean Freight Market Outlook December 2024, the company noted
KR, Sinokor, and HD Hyundai Marine Solution join forces to transform Ship Maintenance with Advanced CBM Technology
BUSAN : KR (Korean Register) has partnered with Sinokor Merchant Marine and HD Hyundai Marine Solution(HD HMS) to revolutionize ship maintenance through condition-based maintenance (CBM) technology powered by artificial intelligence. This pioneering collaboration will
Sarbananda Sonowal unveils ‘Jalvahak’ to boost Inland Waterways, cargo movement incentivised on NW1, NW2 & NW16
KOLKATA : The Union Minister of Ports, Shipping & Waterways (MoPSW), Shri Sarbananda Sonowal unveiled a major policy for Cargo Promotion – ‘Jalvahak’ – incentivising movement of long haul cargo via National Waterways 1
Gujarat’s Rising Role as India’s Container Manufacturing Hub and Sister-State Ties with New Jersey
BHAVNAGAR / GANDHINAGAR : Union Minister Shri Mansukh Mandaviya on Sunday inaugurated a series of projects totaling Rs 149 crore in Gujarat’s Bhavnagar district. The announcement highlighted both state and Central government efforts to
KICT handled highest ever 5468 TEUs on single vessel
GANDHIDHAM : Highest-ever TEUs exchanged in MV RACINE call at Kandla International Container Terminal (KICT), according to a communique. Container Vessel MV Racine having LoA of 299.97 m, 40 m Beam and 6750 TEUs