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December 20, 2024

Sebastian von Hardenberg appointed as new CEO of BSM

International Shipping, Company, Maritime, Shipmanagement, Trade, Trending News
HAMBURG : Effective 1 January 2025, Ian Beveridge will hand over the executive management of Bernhard Schulte Shipmanagement (BSM) to BSM’s Chief Financial Officer Sebastian von Hardenberg. Beveridge will remain CEO of the Schulte Group.
December 20, 2024

Baltic index extends losses on weaker capesize, supramax rates

International Shipping, Shipping Line, Trade, Trending News
LONDON : The Baltic Exchange’s Dry Bulk Sea Freight Index, which tracks rates for ships carrying dry bulk commodities, extended losses to a 17-month low on Thursday, dragged down by weaker rates across capesize
December 20, 2024

BIMCO: Container Shipping Market Overview & Outlook December 2024

International Shipping, Maritime, Ship Building, Shipping Line, Trade, Trending News
LONDON : Despite the fastest growth in supply and the fleet since 2010, the supply/demand balance tightened in 2024. Ship demand has increased as 90% of the capacity that normally transits the Suez Canal
December 20, 2024

A bullish year for global shipping : Container market experienced remarkable growth in 2024

Container, International Shipping, Shipping Line, Trade, Trending News
BOSTON : The year 2024 has seen values rise to near-record levels across Container sectors of the shipping industry, fuelled by the post-covid shipping boom and a strong newbuild market according to Veson Nautical’s
December 19, 2024

PM inaugurates and lays the Foundation stone for 24 projects related to Energy, Road, Railways and Water worth over Rs 46,300 crores in Rajasthan

Trending News, Economy, Finance, Infrastructure, Railway, Trade, Transport
NEW DELHI : The Prime Minister Shri Narendra Modi participated in ‘Ek Varsh-Parinaam Utkarsh’: Completion of one year of State Government of Rajasthan’ programme. Addressing the gathering, he congratulated the government of Rajasthan and
December 19, 2024

Vizhinjam International Seaport gets new Identity: A Fresh Location Code for Global Navigation

Maritime, Ports, Private Port, Shipping, Shipping Line, Trade, Trending News
THIRUVANANTHPURAM : The Vizhinjam International Seaport has embarked on a new chapter as it updated its location code to IN TRV 01, Kerala Minister for Ports Shri V N Vasavan announced. The change, following
December 19, 2024

JNPA extends heartfelt sympathies to all affected by boat mishap in Mumbai

CSR, Ports, Trending News
MUMBAI : JNPA extends its heartfelt sympathies to all those affected by the unfortunate boat mishap near the Gateway of India. We are thankful to the vigilance and swift action of our marine department
December 19, 2024

JSW Infrastructure arm secures ₹500-crore loan for Tuticorin Port expansion

Trade, Infrastructure, Trending News
MUMBAI : JSW Group firm JSW Infrastructure Ltd on Wednesday (December 18) said its wholly-owned subsidiary, JSW Tuticorin Multipurpose Terminal Private Ltd, has secured a ₹500-crore term loan to fund the development and mechanisation
December 19, 2024

Indian Register of Shipping supports Defence indigenisation through marine component certification

Maritime, Defence, Trending News
MUMBAI : Indian Register of Shipping (IRS) has undertaken the certification of indigenously developed marine components for defence projects, marking a significant milestone in enhancing defence and maritime manufacturing capabilities within the country. The
December 19, 2024

PESB selects Samuel Praveen Kumar as CWC’s Director (Marketing & Corporate Planning)

Warehousing, Logistics, Trade, Trending News
NEW DELHI : Samuel Praveen Kumar is set to be next Director (Marketing & Corporate Planning) of Central Warehousing Corporation (CWC), a PSU under the Ministry of Consumer Affairs, Food & Public Distribution. He
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