Shipping

DHL Express India kicks off indexed levy to offset rupee volatility

'Pricing usually factors in 2-3% rupee decline vs euro, dollar'

South Korea ship to test Arctic commercial route amid Western concerns

President Lee Jae Myung has made Arctic shipping a priority for South Korea, a shipping powerhouse

World stares at food supply chaos as Russia attacks grain ships

Russian attacks on cargo vessels have sharply disrupted shipping from Odesa, threatening to trap millions of tonnes of grain during Ukraine's harvest season.

Marine war-risk premiums harden amid renewed West Asia tensions

War-risk insurance premiums on Gulf shipping routes have surged amid renewed West Asia tensions, raising costs for vessels avoiding high-risk corridors

Supreme Court to examine Gujarat HC ruling on ST Shipping DTAA tax relief

The Supreme Court will examine the Income Tax Department's challenge to a Gujarat High Court ruling granting Singapore-based ST Shipping tax relief under the India-Singapore DTAA

Shipping through Hormuz grinds to near standstill after fresh US strikes

Ship-tracking data showed minimal movement through the world's most important oil chokepoint after Washington launched a second day of strikes on Iran and President Donald Trump declared the ceasefire

Normal shipping in Strait of Hormuz still months away, say experts

Shipping activity through the Strait of Hormuz remains subdued despite easing tensions, with experts expecting normal operations to resume only after de-mining and security measures are completed

Strait of Hormuz reopens, but Iran wants to control shipping routes

Ships are moving through the Strait of Hormuz again, yet Iran's opposition to UN-backed routes shows the conflict has shifted to control over maritime access

Three Indians missing after missile hit on commercial tanker off Oman

MEA says attacks on commercial shipping are a direct consequence of the ongoing regional conflict and calls for de-escalation and safe navigation

Iran announces new authority to regulate shipping, tolls through Hormuz

Iran's top security body said the newly formed Persian Gulf Strait Authority (PGSA) would regulate and administer transit operations in the Strait of Hormuz

At UN, India flags concerns over targeting of commercial ships in Hormuz

Targeting commercial shipping, endangering civilian crew and impeding freedom of navigation in the Strait of Hormuz is "unacceptable", India's Permanent Representative to the UN Parvathaneni Harish has said, stressing that international law governing safe passage must be "fully respected". Harish's remarks at a special meeting of the United Nations Economic and Social Council (UNECOSOC) on safeguarding energy and supply flows came days after an India-flagged commercial vessel came under attack off the coast of Oman. Omani authorities rescued all 14 crew members of the vessel sailing from Somalia, but it was not immediately known who carried out the strike. In a post on X, Harish said that at the UNECOSOC meeting, he shared India's approach to the recent energy and fertiliser crisis caused by the West Asia conflict. "A combination of short-term and structural measures alongside international cooperation are essential to respond to the crisis," he said. "Reiterated that targeting of

India plans 62 new vessels with Rs 51,383 crore investment in FY27

India plans to add 62 vessels with Rs 51,383 crore investment this year to strengthen maritime capacity and ensure resilience amid global supply disruptions

Indonesia rules out levies for Malacca shipping, backs open sea lanes

The Strait of Malacca, which runs between Indonesia, Malaysia and Singapore, is one of the world's busiest shipping lanes and a strategic bottleneck for Asia

Iran fires on 3 ships in Strait of Hormuz as US blockade holds, talks stall

Iran fired on three ships in the Strait of Hormuz and seized two of them on Wednesday, intensifying its assault on shipping in the key waterway. The attacks came a day after US President Donald Trump extended a ceasefire while maintaining an American blockade of Iranian ports. The standoff between the US and Iran has effectively choked off nearly all exports through the strait - where 20% of the world's traded oil passes in peacetime - with no end in sight. Iranian media said the paramilitary Revolutionary Guard was bringing the two ships to Iran, marking a further escalation, though the White House said the seizures didn't violate ceasefire terms. The conflict has already sent gas prices skyrocketing far beyond the region and raised the cost of food and a wide array of other products. The price of Brent crude oil, the international standard, nosed over $100 per barrel, marking a 35% increase from prewar levels, but stock markets still appear to be shrugging it off. The European Uni

Indian ports turning into logistics and industrial hubs: Shipping secy

India's ports are transforming from cargo gateways into integrated logistics and industrial hubs, supported by publicprivate partnerships and global best practices, Secretary in the Ministry of Ports, Shipping and Waterways, Vijay Kumar, said on Wednesday. Addressing around 200 investors and industry stakeholders during a round-table held at the Singapore Maritime Week (SMW) 2026 here, Kumar pointed out, "India is steadily - and decisively - moving in the direction" to be in the best position to sustain growth, attract investment, and integrate into global value chains. He shared the growth reported by Indian ports, where capacity has been doubled, and the next frontier is to have world-class efficiency and transshipment. Cargo handling capacity has doubled since 201314, from 1,400 MTPA to 2,771 million tonnes per annum (MTPA), with a target of 3,500 MTPA by 2030 and 10,000 MTPA by 2047. In FY 202526, India's major ports handled over 915 million tonnes - the highest ever - registeri

Govt expands Russian marine insurers list as Iran war strains supply chains

India is relying on Russian oil to meet most of its demand using a temporary waiver as the US-Israeli war on Iran keeps the Strait of Hormuz effectively closed

Iran envoy says India ties strong amid Strait of Hormuz ship firing

He further added, "...We don't want this war. We want peace, and we hope that the other side will also pursue peace so that we can have a peaceful region"

PM Modi stresses need for secure shipping in call with Iran's President

PM Modi also condemned attacks on "critical infrastructure" in the region, which he said threaten regional stability and disrupt global supply chains

Govt says exports moving smoothly; 2,600 containers shipped to West Asia

Government says exports to West Asia continue smoothly amid crisis as LPG tanker reaches Mundra and two more vessels carrying crude oil and LPG are set to arrive

Why little was done to develop an alternative to the Strait of Hormuz

The narrow passageway out of the Persian Gulf is both vital - serving as the only gateway to the rest of the world for huge amounts of oil and natural gas - and extremely vulnerable to attacks