Sri Lanka boosts Colombo Port efficiency to address Red Sea emergency
COLOMBO : The Sri Lankan government on Monday said it is intensifying efforts to enhance operational efficiency at the Colombo Port to meet the escalating demand for container
We may see Russian icebreakers built in Indian shipyards : Sarbananda Sonowal
CHENNAI : “We may see Russian icebreakers being built at Indian shipyards. These are encouraging possibilities of India-Russia Maritime Partnership,” Union Minister for Ports, Shipping and Waterways Shri
Xeneta forecasts freight rates to rise further in February amid Red Sea Crisis
OSLO : Early indications suggest ocean freight shipping rates are set to increase further in early February amid the ongoing Red Sea crisis, according to data released by
Container rate surge slows as Chinese New Year approaches
SINGAPORE : Container rate levels are seeing the expected levelling out prior to Chinese New Year as the initial shock of the Red Sea crisis wanes and new
Red Sea crisis likely to dent India’s growth forecast, says BMI a unit of Fitch Group
NEW YORK : Amid rising hostilities in the Red Sea due to Houthi attacks, Fitch Group said South Asian economies would be most affected. They will experience the
Indian Exporters’ suggest to have their own shipping line to avoid hurting the World Trade due
NEW DELHI : Freight rates have skyrocketed by up to 600 per cent due to the Red Sea crisis which would hurt the world trade, say Indian exporters
India says situation in Red Sea ‘matter of concern’, closely monitoring : EAM
NEW DELHI : India on Thursday dubbed the security situation in the Red Sea as a “matter of concern”, adding that it is closely watching the developments in
India sees December exports boost, but all eyes on Red Sea
NEW DELHI : Higher exports helped India’s merchandise trade deficit come in lower than expected at $19.8 billion in December, data showed on Monday, though officials signalled that
Container lines ‘scramble’ to rent more ships amid Red Sea crisis
LONDON : Red Sea diversions mean container lines need more ships to carry the same amount of cargo. The security situation — which is even more precarious in
Red Sea crisis will lead to oil price hike in India : WEF President
DAVOS : The ongoing tensions in the Red Sea due to recurrent attacks on merchant ships by Yemen’s Houthi rebels have a negative impact on the global supply chain and