Freight rates on major Indian trades see downward corrections after January highs
MUMBAI : After spiking dramatically amid the Red Sea crisis-linked shipping disruption, container freight rates seen on trades out of India have held firm or even declined in some cases in February, month-on-month, according
Keel Laying Ceremony of first Cadet Training Ship held at L&T Shipyard, Kattupalli
NEW DELHI : Keel Laying Ceremony of the first Cadet Training Ship (Yard-18003) was held at M/s L&T Shipyard, Kattupalli. The ceremony was presided by R Adm Ravi Kumar Dhingra, Flag Officer Tamil Nadu
FedEx unveils LCL priority service for seamless Asia Pacific-Middle East connections
MEMPHIS : FedEx Logistics and FedEx Express, subsidiaries of FedEx Corp, are launching the new FedEx Less-than-Container Load (LCL) Priority service, offering a customs-cleared port-to-door and door-to-door solution with a strategic balance of speed
New container line starts operations in Saudi Arabia
RIYADH : A new shipping company has started operations in Saudi Arabia, called Folk Maritime, offering feeder vessel services and short-sea transportation solutions. Mr. Poul Hestbaek is the first Chief Executive Officer (CEO) of
Shipping containers to post two consecutive years of decline: Drewry
LONDON : The global pool of shipping containers is expected to contract in both 2023 and 2024, according to Drewry’s latest report on the container equipment market. “While stubbornly high levels of inflation in
PM Modi to unveil game-changing projects worth more than Rs.17,000 Crore at Tuticorin today
CHENNAI : The Union Minister for the Ministry of Ports, Shipping, and Waterways, Shri Sarbananda Sonowal, briefed the press here in the presence of Shri Shantanu Thakur, Minister of State for Ports, Shipping, and
Baltic index hits over 1-month high on sturdy vessel rates
LONDON : The Baltic Exchange’s dry bulk sea freight index extended gains for an eighth straight session to touch 1-1/2 month peak on Tuesday, buoyed by climbing rates across all segments. The overall index,
Tripura positioned as Gateway to Southeast Asia via Chittagong Port : Manik Saha
AGARTALA : Tripura Chief Minister Shri Manik Saha outlined the northeastern state’s strategic role as a gateway not only to Southeast Asian nations but to numerous others through the utilization of Chittagong Port in