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August 9, 2024

Futures show more downside to freight rates in 2025

International Shipping, Global Trade, Trending News
SHANGHAI : Shanghai container futures trades suggest that Asia-Europe freight rates could fall further in 2025, after appearing to have peaked now. On 5 August, the index points of the EC2408 (August contract) closed
August 9, 2024

Snowman Logistics registers 9% growth in revenue in the first quarter of FY 2024-25

Logistics, Economy, Trade, Trending News
MUMBAI : During the quarter ended June 30, 2024, the recorded during the quarter ended June 30, 2024, Snowman Logistics Ltd recorded revenue of INR 140.23 Crores as against INR 128.77 Crores for the
August 9, 2024

Indian naval warship INS Tabar docks near London’s Tower Bridge

Maritime, Defence, Navy, Shipping, Trending News
LONDON : Several members of the Indian diaspora gathered on the banks of the river Thames to greet INS Tabar and witness the grand sight of the iconic Tower Bridge lifting its moveable levers
August 9, 2024

King Abdulaziz Port sets record with 20,645 containers handled on single ship

International Shipping, Foreign Ports, Trending News
RIYADH : Saudi Arabia’s maritime sector is experiencing significant expansion, highlighted by the King Abdulaziz Port in Dammam achieving a milestone in container handling. The port recently set a new record by managing 20,645
August 9, 2024

Container ship newbuilds reach post-Covid high

International Shipping, Ship Building, Trending News
Boxship newbuilding orders have burst back into life as the Red Sea crisis has caused freight and charter rates to reach levels not seen since the Covid-19 pandemic. Clarksons stated that 89 container vessels,
August 9, 2024

India’s crude oil imports from Russia surge 1000%

Fuel, Global Trade, Import, International Shipping, Trending News
NEW DELHI : India now sources 40% of its crude oil imports from Russia, with year-to-date volumes averaging 1.6 million barrels per day (mbpd), according to BIMCO. This marks a staggering 1000% increase compared to
August 8, 2024

MoPSW takes initiatives of domestic and foreign investments for developments of waterways in India

Shipping, Inland Waterways, Ports, Trending News, waterways
NEW DELHI : Union Minister of Ports, Shipping and Waterways Shri Sarbananda Sonowal informed in a written reply in Rajya Sabha that, to promote Inland Water Transport (IWT) in the country, 111 Waterways (including 5
August 8, 2024

India trying to reduce tariff and non-tariff barriers globally to spur trade between nations

Trade, Economy, Finance, Global Trade, Trending News
NEW DELHI : Indian authorities made a case for reduction in tariff and non-tariff barriers across the world to reinforce growth and spur trade among nations. “When you have economic growth in a region,
August 8, 2024

DPA Kandla proudly announces achieving the fastest 50 MMT

Ports, Maritime, Shipping, Trending News
GANDHIDHAM : Deendayal Port Authority, Kandla proud to announce that they achieved the fastest 50 MMT! A milestone that reflects our commitment to excellence and efficiency in maritime operations. Amidst the highly volatile and
August 8, 2024

Indo-Bangla trade via Bengal land ports to normalise soon

Export - Import, Business, COMMERCE, Logistics, Trade, Transport, Trending News
KOLKATA : Despite ongoing political turmoil in Bangladesh, trade between India and the neighbouring country through land ports in West Bengal is expected to normalise soon while some movements of goods via one of
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