Baltic index ticks down as capesize losses offset gains in smaller vessels
LONDON : The Baltic Exchange’s dry bulk sea freight snapped a 12-session winning streak on Tuesday, as pressure from lower capesize rates outweighed gains in smaller vessel segments. The overall index, which factors in
India’s P&I Club for Coastal shipping likely to start on domestic waters
NEW DELHI : The Ministry of Ports, Shipping and Waterways has spoken to several insurers to allay concerns and iron out details of its proposal to set up a domestic protection and indemnity (P&I)
DPIIT organises LEAPS Valedictory Session recognising 12 participants across logistics industries
NEW DELHI : Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry organised a LEAPS (Logistics Excellence, Advancement, and Performance Shield) Valedictory Session here. Secretary, DPIIT, Shri Rajesh Kumar
Indian Register of Shipping partners GRSE for development of Autonomous and Green Energy Vessels
MUMBAI : Indian Register of Shipping (IRS), a leading international classification society, is pleased to announce that it has signed a Memorandum of Understanding (MOU) with Garden Reach Shipbuilders & Engineers Limited (GRSE) on
Maritime Incident in Gulf of Aden, Navy Chief Admiral R Hari Kumar affirms commitment to maritime security
NEW DELHI /GOA : An official statement from a spokesperson for the Indian Navy reported on a maritime incident early Tuesday morning in the Gulf of Aden involving a Liberian-flagged vessel, the MV MSC
Adani Ports cargo volumes grow 33% in February, on track to surpass 400 MMT mark in FY24
AHMEDABAD : Adani Ports & Special Economic Zone Ltd., India’s largest ports operator handled 35.4 MMT of total cargo in February, the company said in an exchange filing. The figure is a 33% jump
Duqm Port development deal with Adani Group is open : Oman official
MUSCAT : Oman is highly optimistic about Indian investments in the country, particularly in the development of the Duqm Port by the AdGroup, an Oman official said. Saleh Hamood Al Hasani, advisor to the Chairman of the Public
PM flagged off first crude oil tanker from the ONGC Krishna Godavari Deepwater Project in Begusarai, Bihar
BEGUSARAI : The Prime Minister, Shri Narendra Modi dedicated to the nation and laid the foundation stone for multiple oil and gas sector projects worth about Rs 1.48 lakh crore across the country, and