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May 7, 2024

Lakshadweep Government ignores Beypore and starts more ship services to Mangaluru

Ports, Shipping, Trending News
KOZHIKODE : Ties between Beypore Port and Lakshadweep appear to be eroding as the island government has resumed passenger ship services to Mangaluru. Citing inadequate infrastructural facilities at Beypore port, the Lakshadweep government has
May 7, 2024

Cosco Shipping launches world’s first battery-electric container ship

International Shipping, Shipping, Shipping Line, Trending News
SHANGHAI : Chinese shipping giant COSCO Shipping launched the world’s first 10,000-DWT pure electric container ships, which it developed and constructed at the Heavy Industry Shipyard at Yangzhou. The ‘Green Water 01’ and its
May 7, 2024

BRICS : Major crash for US Economy has begun : Experts

Economy, Business, Global Trade, Trade, Trending News
SHANGHAI : With the BRICS Alliance further pursuing its de-dollarization efforts, a major crash for the US economy has begun, according to one expert. Indeed, Robert Kiyosaki, the author of the widely acclaimed book Rich
May 7, 2024

Xeneta Shipping Index (XSI®): Long term rates edge up globally as Red Sea conflict continues to cast uncertainty across the market

International Shipping, Logistics, Shipping Line, Trade, Trending News
OSLO : Ocean freight container carriers are treading a fine line between risk and reward during new contract negotiations as the market remains gripped by uncertainty in the Red Sea, according to new data
May 7, 2024

Taylor Smith Shipyard announces cooperation agreement with Nouum Engineering

International Shipping, Maritime, Ship Repair, Shipyards, Technology, Trending News
CAPE TOWN : South African Nouum Engineering, a leading provider of diesel engine services for marine, power, locomotive and generators globally and Mauritius-based ship repair and conversion yard Taylor Smith Shipyard have signed a
May 6, 2024

VPA creates history by handling the largest ever container vessel “MSC Teresa”

Shipping Line, Maritime, Ports, Trade, Trending News
VISAKHAPATNAM : The Visakhapatnam Port Authority (VPA) have created history by handling MSC TERESA, the largest ever Container Vessel to call at any Indian Port on the East Coast (with LOA 365.50 mtrs. &
May 6, 2024

JSW Infrastructure plans to invest over ₹2,500 Cr in FY2025 to expand its cargo handling capacity

Trade, Economy, Global Trade, Infrastructure, Trending News
MUMBAI : Private port operator JSW Infrastructure Ltd plans to invest over ₹2,500 crore in fiscal year 2025 to expand its cargo handling capacity, said Mr. Arun Maheshwari, joint MD and CEO of the company.
May 6, 2024

‘Jawaharlal Nehru Port expansion to begin by April 2025,create 10 lakh jobs in next 10 years’: Unmesh Wagh

Ports, Economy, Shipping, Trade, Trending News
MUMBAI : Stating that the future of Maharashtra will be in Palghar, Chairperson of Jawaharlal Nehru Port Authority (JNPA) Unmesh Wagh said the expansion of the port will begin by April 2025 and will
May 6, 2024

204th Meeting of IPA Governing Body was held at DPA, Kandla

Ports, Shipping, Trending News
GANDHIDHAM : 204th Meeting of IPA Governing Body was organised at DPA, Kandla, chaired by Shri Rajiv Jalota, IAS, Chairperson MbPA & IPA, in the presence of Shri Sunil Paliwal, IAS, Chairman-Chennai Port Authority;
May 6, 2024

Turnaround time of ships at Indian Major Ports improved 9% in FY24 by strengthened infrastructure

Ports, Infrastructure, Shipping, Trade, Trending News
NEW DELHI : Major ports in India in the Financial Year 2023-24 (FY24) registered a 9 per cent improvement in turnaround time, of 48 hours, compared to 52.9 hours the year before as infrastructure
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