Uptick in India’s container industry post-Covid
MUMBAI : The cargo handled by most of the government-owned major ports in India in the first half of the fiscal year is almost at par with the pre-Covid time. Major ports handled 347
Insurers eye containership claims with dismay
The frequency and size of claims are both climbing, with more than 30 incidents requiring payouts from the 13-member International Group of P&I Clubs’ (IG) pooling arrangements since 2016. These cover claims between $10m
Second quarter profit soars 71% to Rs 243 crore : SCI
MUMBAI : Shipping Corporation of India Ltd (SCI) on Monday reported a 71.26 per cent jump in its consolidated net profit to Rs 243 crore for the second quarter ended on September 30, 2021. The
Indian Register of Shipping (IRClass) makes organisational changes to aid growth strategy
NEW DELHI : Indian Register of Shipping (IRClass) has announced changes to key organisational roles as the international ship classification society plans for considerable future growth. With the pandemic slowly receding and businesses gradually
Shipping Industry Leaders to Convene for Landmark Decarbonization Conference at COP26
CEOs from the world’s biggest shipping companies and government representatives from maritime states will convene in Glasgow at a cross-industry decarbonization conference next month to coincide the United Nations’ COP26 climate change conference. The
Key member deboards Foresight-led consortium eyeing Shipping Corporation
MUMBAI : A Foresight-led consortium that is among government-approved bidders shortlisted to bid for Shipping Corporation of India (SCI) has cracked as a key member of the consortium, Belgium-based Exmar NV, has pulled out.
Shipping container crisis will possibly continue until mid-2022
SINGAPORE : With 90% of the world’s goods transported by sea, the current shipping crisis has resulted in spiralling costs and bottlenecks in global supply chains. The situation has been exacerbated by a shortage
YML to upgrade South-America service with 11,000 TEU newbuilding
TAIWAN : Yang Ming will add one new 11,000TEU container vessel, named YM Trust, chartered from Shoei Kisen Kaisha, Ltd. and built by Imabari Shipbuilding Co., Ltd. The company has ordered a total of