Indian trade curbs to cut exports by $4 bln, Red Sea attacks a risk
NEW DELHI : India’s exports face a shortfall of about $4 billion to $5 billion this year after it clamped curbs on trade in wheat, rice and sugar,
PSA Sines expands capacity with two new super Post-Panamax Ship-to-Shore Cranes
SINGAPORE : PSA Sines recently welcomed two new mega Ship-to-Shore (STS) cranes in December. The new cranes will be added to the ten existing Super Post-Panamax cranes, allowing
Sri City aims to become an export-import powerhouse with FTWZ-based Dry Port
CHENNAI : Sri City, strategically situated at the Chennai-Tirupati-Nellore tri-city junction, is a thriving industrial hub, ranked among the top ten manufacturing regions in India. With more than
Government says IMF debt warning a worst case scenario
NEW DELHI : The Indian Government said on Friday a warning from the International Monetary Fund (IMF) that the country’s debt to GDP ratio could hit 100 per
IBF to establish a High-Risk Area in the Red Sea
Following the incidents in the Red Sea and the Bab El-Mandeb strait since 19th November 2023, the International Bargaining Forum (IBF) have agreed to designate the southern section of
Hapag-Lloyd increases rates from Indian Subcontinent and Middle East to North America
HAMBURG : German box carrier Hapag-Lloyd will apply a new General Rate Increase (GRI) or General Rate Adjustment (GRA) for cargo shipments from India to the United States
Suez,a crisis-waiting to happen, forces shippers to be ready any moment
Houthi attacks on civilian vessels, strategies to reroute ships, and the need for a 40-nation strong military alliance to guard 15% of the world’s maritime traffic sounds like
Many carriers still sending ships via Suez
Over 80 container ships still transiting the Red Sea and Suez Canal ,Vessel tracking shows that even after the raised threat from the Houthi Movement, which has warned
Wilhelmsen and MPC Capital acquire Hamburg-based ship manager Zeaborn
SINGAPORE/HAMBURG: Wilhelmsen Ship Management (“Wilhelmsen”), a provider of third-party ship management services headquartered in Singapore, and Hamburg-based asset manager MPC Capital have agreed to acquire 100 % of
ClassNK issues approval in principle (AiP) for MOL’s FSRU
TOKYO : ClassNK has issued an Approval in Principle (AiP) for an Ammonia FSRU (Ammonia Floating Storage and Regasification Unit) jointly developed by Mitsui O.S.K. Lines, Ltd. (MOL)