March 16, 2026
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March 5, 2024

UN : Applying the law of the sea to protect International Shipping

International Shipping, Maritime, Trending News
LONDON : In recent decades, global shipping—carrier of 80 per cent of world trade—has faced numerous threats that challenge the long-established right to freedom of navigation for all merchant ships. Piracy, hijackings, armed robbery,
March 5, 2024

Baltic Index climbs to 10-Week high on rising Vessel rates

International Shipping, Trending News
LONDON : The Baltic Exchange’s dry bulk sea freight index extended gains on last Thursday to hit an over two month peak, supported by rising rates across all vessel segments. The overall index, which
March 5, 2024

NorthStandard rounds off successful renewals with S&P ‘A’ rating award

Maritime, Marine Insurance, Trending News
TYNE : NorthStandard confirms S&P ‘A’ rating after strong first set of post-merger results. NorthStandard has followed up strong renewal results after the first year of operating as a merged entity by announcing an
March 5, 2024

BIMCO : Tanker Market strengthens despite slowing oil demand growth

International Shipping, Tanker, Trending News
LONDON : Supply/demand balance For crude tankers, we forecast that the supply/demand balance will tighten further during both 2024 and 2025. Low fleet growth, along with increasing sailing distances, create the foundation for the
March 4, 2024

PM flagged off first crude oil tanker from the ONGC Krishna Godavari Deepwater Project in Begusarai, Bihar

Maritime, Shipping, Trade, Trending News
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
March 4, 2024

Sarbananda Sonowal inaugurates first-ever Made-in-India ASTDS Tug

Maritime, Ports, Shipping, Trending News
NEW DELHI : Shri Sarbananda Sonowal, Union Minister of MoPSW & AYUSH inaugurated the 60 th bollard pull tug named ‘Ocean Grace’ and the Medical Mobile Unit (MMU), virtually on 2nd March, 2024. The
March 4, 2024

WTO negotiators failed to reach major reforms, Piyush Goyal ‘happy and satisfied’

Trade, Business, Economy, Global Trade, Trending News
ABU DHABI : Despite five days of hard bargaining here, World Trade Organization negotiators failed to break the deadlock on major reforms. There was no breakthrough on agriculture, fisheries and other key topics. However,
March 4, 2024

Nitin Gadkari lays foundation for 10 National Highway projects

Logistics, Transport, Trending News
NEW DELHI : Union Minister of Road Transport & Highways Shri Nitin Gadkari on Friday laid the foundation stone of 10 National Highway projects in Jaunpur, Uttar Pradesh. These projects, valued at Rs 10,000
March 4, 2024

Over 1,000 Amrit Bharat trains to be made in coming years : Ashwini Vaishnaw

Railway, Trade, Trending News
NEW DELHI : Railway Minister Shri Ashwini Vaishnaw has said that India will be manufacturing at least 1,000 new-generation Amrit Bharat trains in the following years. He highlighted ongoing efforts to develop trains capable
March 4, 2024

Visakhapatnam Port Authority handled highest ever cargo of 73.78 MMT ahead of FY 2023-24

Ports, Shipping, Trending News
VISAKHAPATNAM : Shri T. Venu Gopal, Secretary, Visakhapatnam Port Authority informed that the Port handled the highest ever record cargo of 73.78 Million Metric Tonnes well ahead of the financial year 2023-24 at 06.00
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