Indian Ports shows hiking freight rates by nearly 70% in August (YoY)
NEW DELHI : August 2024 freight rates have surged nearly 70% year-on-year across Indian ports, showing global shipping disruptions, sustained demand and capacity constraints, which will add to the cost burden of India Inc.
South Africa lays plans for Maritime Single Window
LONDON : Leading maritime stakeholders in South Africa are laying the groundwork to advance maritime digitalization in the country through the establishment of a Maritime Single Window (MSW) system. A multi-stakeholder workshop held in Durban (10
MoPSW announces Manu Bhaker as their New Brand Ambassador
CHENNAI : The Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal announced that the Double Olympic Medal Winner in Shooting, Manu Bhaker, has been appointed as the Brand Ambassador for the Ministry
India focussing on shipbuilding in the country : MoPSW Secretary
THOOTHUKUDI : India, which is creating massive infrastructure to become world’s third largest economy in near future, is keen on building ships and creating all allied facilities in the country as part of its
Opposition to Great Nicobar Transhipment Port Project is because of vested interest : Sarbananda Sonowal
NEW DELHI : Union Minister of Ports, Shipping and Waterways Shri Sarbananda Sonowal stated that all necessary clearances have been taken for Rs 41,000-crore international transhipment port project at Great Nicobar Island in the
NITI Aayog raises cost concerns on PLI Scheme for shipping containers
NEW DELHI : A proposed Production Linked Incentive (PLI) Scheme aimed at boosting the domestic manufacturing of shipping containers is in limbo after India’s federal think tank, Niti Aayog, raised concerns over high costs.
PSA Mumbai’s monthly throughput crosses 200,000 Teus in August 2024
MUMBAI : PSA Mumbai created history by reaching a milestone of handling more than 200,000 TEUs in throughput for the first time in August, making it the first terminal in Jawaharlal Nehru Port Authority
Great Eastern Shipping corporate getting into container shipping amid global oil trade shifts
MUMBAI : According to a top corporate executive, Great Eastern Shipping corporate, the largest private ocean carrier in India, may “evaluate” getting into the container shipping business. An industry analyst speculates that this could