June 8, 2026
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India should develop regional network of vital ports to reap benefits of coastline opportunities for trade growth : S&P

September 25, 2024 Maritime, Coastal Shipping, Ports, Trending News
NEW DELHI : India should develop a regional network of vital ports to fully capitalise on the opportunities for trade growth along its coastline, according to S&P Global Ratings. Noting enhanced competition, the global

Union Govt to reduce tax on marine diesel oil to boost coastal & inland shipping

September 25, 2024 Fuel, Coastal Shipping, Finance, Inland Shipping, Marine
NEW DELHI : The Union Government is looking to reduce the tax on marine diesel oil (MDO) by building consensus to bring it under the Goods and Services Tax (GST), among other options. The

Future Forward: Capt Tyagi discusses SCI’s container capacity enhancement goals

September 23, 2024 Shipping, Trade, Trending News
MUMBAI : Chairman and Managing Director Captain Binesh Kumar Tyagi stated that, Shipping Corporation of India Ltd (SCI) will initiate action to buy four more second hand container ships of various sizes to add

Vizhinjam on the rise : Six container ships arriving this week

September 23, 2024 Ports, Container Terminal, Private Port, Shipping, Trending News
THIRUVANANTHAPURAM : Vizhinjam International Seaport to make History with six ships in one week! At least one ship will sail in almost every day. MSC Tavvishi has come already in the dock of the

SCI to acquire 5 new container ships leading others to help exporters reducing logistics costs

September 21, 2024 Export - Import, EXPORT, Logistics, Ports, Shipping, Trending News
NEW DELHI : The Shipping Corporation of India (SCI) will acquire five new functional container ships and other agencies involved in export logistics like Container Corporation (Concor) and ports will reduce their tariffs to help

Short-term contracts: A New era for Indian Port privatisation strategies

September 21, 2024 Ports, Shipping, Trade, Trending News
NEW DELHI : Indian Major Ports steadily more adopting the operation and maintenance (O&M) model as an alternative to the public-private partnership (PPP) format for privatising cargo terminals. The O&M model is seen as a

Sarbananda Sonowal extended MoU on Maritime issues with Denmark Minister

September 20, 2024 Maritime, Ports, Shipping, Trending News
NEW DELHI : Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal signed extended MoU on Maritime issues with Denmark Minister Mr. Morten Bodskov, Minister for Industry, Business and Financial Affairs here. India

Piyush Goyal chairs inter-ministerial meeting to address rising freight cost, shipping delays, shortage & non-availability of containers and congestion at the ports

September 20, 2024 Export - Import, COMMERCE, Economy, Logistics, Ports, Railway, Shipping, Trending News
NEW DELHI : An inter-ministerial meeting was held here on Thursday under the chairmanship of Union Minister of Commerce & Industry, Shri Piyush Goyal to address rising freight cost, shipping delays, shortage & non-availability

Garden Reach Shipbuilders secures $54 million German order

September 20, 2024 Ship Building, Company, DockS, Maritime, Shipping, Trending News
KOLKATA : Garden Reach Shipbuilders & Engineers Ltd (GRSE) said on Wednesday (September 18) that it has received a $54 million order from Germany-based Carsten Rehder Schiffsmakler and Reederei GmbH & Co. to construct

Indian Ports shows hiking freight rates by nearly 70% in August (YoY)

September 19, 2024 Ports, Global Trade, Shipping, Trending News
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.
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