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July 27, 2024

CMA CGM reports strong quarter amid Geopolitical Tensions

International Shipping, Logistics, Shipping Line, Trade, Trending News
MARSEILLE : CMA CGM has reported robust demand for cargo shipping in its second-quarter 2024 results, despite ongoing geopolitical tensions. The company said it delivered a strong performance with increased cargo volumes, driven by
July 27, 2024

Drewry: World Container Index Down 2%

International Shipping, Container, Maritime, Shipping Line, Trade, Trending News
LONDON : Drewry’s World Container Index decreased 2% to $5,806 per 40ft container this week. The composite index decreased 2% this week to $5,806 per 40ft container following a period of continuous increases since
July 27, 2024

Ship diversions hit main Asian hubs with $131 billion trade loss

International Shipping, Maritime, Ship Breaking, Trade, Trending News
SINGAPORE : Russell Group, a data and analytics company, has reported that $131 billion in trade is at risk of being disrupted at the Ports of Singapore, Port Klang and Tanjung Pelepas. All three
July 27, 2024

ClassNK releases ‘Guidelines for Cyber resilience of ships’- Explaining IACS UR E26 requirements and necessary actions 

International Shipping, Maritime, Shipping Line, Trending News
TOKYO : ClassNK has released ‘Guidelines for Cyber resilience of ships’. The guidelines expound new IACS Unified Requirements (UR) to support the consideration of measures to ensure the cybersecurity of ships. IACS has established UR
July 27, 2024

ClassNK releases ‘ClassNK Technical Journal’ -Introducing initiatives for vehicle carrier fires

International Shipping, Maritime, Technology, Trending News
TOKYO : ClassNK has released the latest ‘ClassNK Technical Journal’, which has been published for contributing to the advancement of technology and society through the outcome of R&D and technical activities. The latest issue, ‘ClassNK
July 26, 2024

India committed to FTA with the U.K. : PM Modi

Trade, COMMERCE, Economy, Finance, Global Trade, Trending News
NEW DELHI : India is committed to concluding a Free Trade Agreement with the United Kingdom, said Prime Minister Shri Narendra Modi on Wednesday, after meeting the visiting Secretary of State for Foreign, Commonwealth and Development Affairs
July 26, 2024

Govt will come out with new shipbuilding policy soon: Sarbananda Sonowal

Maritime, Policy, Ship Building, Shipping, Trending News
NEW DELHI : A day after Finance Minister Smt. Nirmala Sitharaman, in her budget speech, announced the Centre’s push for indigenous shipbuilding, Union Minister for Ports, Shipping and Waterways Shri Sarbananda Sonowal on Wednesday
July 26, 2024

Piyush Goyal chairs stakeholder interaction with Leather and Footwear Industry

EXPORT, Trade, Trending News
NEW DELHI : Union Minister of Commerce and Industry Shri Piyush Goyal chaired a stakeholder interaction with the Leather and Footwear Industry yesterday here. The Minister encouraged the industry to aim for a bigger
July 26, 2024

Indian Register of Shipping announces Leadership Appointments

Maritime, Shipping, Trade, Trending News
MUMBAI : Indian Register of Shipping (IRS) is pleased to announce leadership appointments to further strengthen its management team. At a recent meeting, the Board of Directors approved the appointment of Mr. P.K. Mishra as
July 26, 2024

VPA begins a new chapter by handling Newcastlemax Size Vessel with 199,900 MT’s, largest cargo carried by a single Vessel to any Indian Port

Trending News, Ports, Shipping
VISAKHAPATNAM : Visakhapatnam Port Authority(VPA) have raised the curtain for the beginning of a new chapter by handling Newcastlemax Size Vessel with 199,900 MT’s, which is the largest cargo carried by a single Vessel
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