Maersk continues with fleet renewal plan
COPENHAGEN : In continuation of its fleet renewal programme initiated in 2021, A.P. Moller – Maersk is in the process of signing newbuilding orders and time-charter contracts for
Cotton spinning units worried over escalating situations in Bangladesh
NEW DELHI : Already grappling with sluggish global demand, the Indian cotton spinning industry is apprehensive about the fallout of the ongoing political turmoil in Bangladesh, the largest textile player after China. Talking
Iran releases all Filipino crew members from seized container ship MSC Aries
All Filipino crew members aboard the Portuguese-flagged MSC Aries, seized by Iranian officials, have safely returned home. The Philippines’ Department of Migrant Workers (DMW) confirmed the return of
New International Land-Sea Trade Corridor connects 523 ports worldwide
BEIJING : Over the past five years, the New International Land-Sea Trade Corridor has expanded its reach to 523 ports in 124 countries and regions. Launched in 2017,
Middle East Crisis: What could be the impact on the tanker market?
NEW YORK : Middle East tensions and a threat of war escalating is definitely on the cards, after recent events. But, unlike recent examples, it seems that this
US volumes break 2.5 million TEU mark in July; Imports from China set record high
WATERLOO : According to Descartes Systems Group’s latest Global Shipping Report, July container volumes into the United States were the third highest on record, eclipsed only by the
Ulsan Port Authority signs equity investment agreement to create publicly-led alternative marine fu
SEOUL : Ulsan Port Authority (UPA) has announced that it signed an equity investment agreement worth US$17.6 million with Hyundai Oil Terminal Corporation on 1 August 2024, to
India now depends on Russia for 40% of its crude oil imports : BIMCO
LONDON : “During the past three months, India has relied on Russia for 40% of its seaborne crude oil import. Year-to-date, volumes have reached an average of 1.6
PM Modi releases Big Bang Numbers on Indian Economy
NEW DELHI : Prime Minister Shri Narendra Modi on Tuesday released the Big Bang Numbers on the Indian economy as part of his Bi-Weekly Bharat newsletter for the
Govt has taken initiatives to develop Indian Shipping : MoPSW
NEW DELHI : The Union Minister of Ports, Shipping and Waterways Shri Sarbananda Sonowal informed in a written reply in Lok Sabha that the Government has undertaken several