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December 18, 2024

Baltic index retreats on lower rates across all vessel segments

International Shipping, Dry Bulk 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, retreated on Tuesday rates dipped across all vessel segments. The index, which factors in rates
December 18, 2024

ClassNK releases guidance for safe evacuation of crew members from vehicle carriers in case of fires

International Shipping, Maritime, Shipping Line, Technology, Trending News
TOKYO : ClassNK has released guidance to assist in the safe evacuation of crew members from vehicle carriers in the event of a cargo hold fire. Additionally, the world’s first notation, ‘AMEVC(EV)*1,’ has been
December 18, 2024

ABB releases 2024 edition of Generations – ‘Expanding Horizons’

International Shipping, Maritime, Technology, Trending News
HELSINKI : ABB has released a collected version of its 2024 Generations articles, published to explore the technological innovations, personalities, and collaborations which are enabling a smarter, safer, and more sustainable future for the maritime industries
December 17, 2024

Indian Govt. plans Rs 4,000-cr project for maritime heritage complex Museum at Lothal’s Indus Valley civilisation port site by 2029 : Sonowal

Maritime, Ports, Shipping, Trending News
NEW DELHI : The Centre, through the Union Ministry of Ports, Shipping and Waterways (MoPSW), is looking at ₹4,000 crore project where it intends to rewrite the country’s maritime history, with a strong push
December 17, 2024

VPPL launches Skilling Program to empower Youth of Vadhvan

Ports, Maritime, Private Port, Shipping, Technology, Trending News
MUMBAI : Vadhvan Port Project Ltd. (VPPL), the 13th major port of India, has announced the launch of the Vadhvan Port Skilling Program, aimed at equipping the youth of the region with essential skills
December 17, 2024

APSEZ Mundra Port achieves a “Significant Milestone” in November

Maritime, Ports, Private Port, Trade, Trending News
MUNDRA : The Mundra Port operated by Adani Ports and SEZ Limited, said the port reached a “significant milestone” by handling 396 vessels and executing 845 vessel movements in November this year, marking the
December 17, 2024

GSV and Indian Navy sign MoU for Logistics related Education, Research and Training

Logistics, Education, Navy, Trade, Trending News
NEW DELHI : Gati Shakti Vishwavidyalaya(GSV), Vadodara has signed a Memorandum of Understanding (MoU) with the Indian Navy here. The MoU aims at enhancing logistics-related education, research, and training for the Indian Navy. The agreement, signed by Vice
December 17, 2024

Nearly a decade on, New Zealand keen to restart FTA talks

Trade, Economy, Finance, Global Trade, Trending News
NEW DELHI : New Zealand is attempting to come back to the negotiating table with India to work out a bilateral free trade agreement (FTA), almost a decade after talks were abandoned by the
December 17, 2024

Gold imports up 331% to record high of $14.86 billion in November

Import, Global Trade, Trade, Trending News
NEW DELHI ; The country’s gold imports in November reached a record high of USD 14.86 billion, registering a four-fold increase, mainly on account of festival and wedding demands, according to Commerce Ministry Data.
December 17, 2024

DHL anticipates chaotic start of 2025 for container shipping

International Shipping, Company, Container, Export - Import, Shipping, Shipping Line, Trade, Trending News
NEW JERSEY : DHL Global Forwarding said that stronger than expected demand container shipping is being seen in the final months of 2024. In its Ocean Freight Market Outlook December 2024, the company noted
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