NEW DELHI : The Narendra Modi Administration announced plans to divest a 5% stake in Cochin Shipyard Ltd through an Offer for Sale (OFS), with the minimum share price set at ₹1,540. The OFS is scheduled to
BHAVNAGAR : In a dramatic turn of events, the cargo ship Saltwind Explorer, bearing IMO No. 9483243, faced a serious incident at the Bhavnagar anchorage point when both its anchors broke off amid powerful
MUMBAI : Indian Register of Shipping (IRS) is proud to announce its double recognition at the prestigious ShipTek International Awards 2024, recently held in Mumbai. IRS was recognized as the Classification Society of the
GANDHIDHAM : Deendayal Port Authority, Kandla achieved new milestones of crossing 75 MMT in cargo handling, as the fastest ever. Setting new benchmarks for efficiency and growth in India’s maritime sector. DPA Chairman Shri
NEW DELHI : With little progress in establishing a protection and indemnity (P&I) entity to insure cargo vessels, the Centre is considering deploying its funds as a preliminary investment. This approach would involve private
OSLO : Marlink, the leading managed services provider of business-critical ICT solutions, has released the latest global maritime cyber threat report produced by its Security Operations Centre (SOC). The report, based on data gathered
GANDHIDHAM : In the first 6 months of current fiscal i.e. 2024-25, the trade friendly approach adopted by DPA has started delivering results. The rationalization of cargo and vessel related charges by the port
VISAKHAPATNAM : The Andhra Pradesh Government has generated significant interest by issuing an Expression of Interest (EOI) for the construction, operation, and maintenance of various ports in the state. This initiative aims to enhance
NEW DELHI : The Indian logistics market, valued at Rs 9 trillion in FY23, is forecasted to grow to Rs 13.4 trillion by FY28, achieving a compounded annual growth rate (CAGR) of 8-9%, according