Page 18 - Shipping Industry

Suez Canal snarled with giant ship stuck sideways in top trade artery

At 400 meters in length, the vessel that was built in Japan about three years ago is longer than the Eiffel Tower laid on its side

India Ratings gives logistics stable outlook in FY22, sees demand growing

Agency estimates 8 per cent year-on-year improvement in volumes for Indian ports in FY22.

Shipping lines set to decide if container e-module's a success

The FIEO says the e-module is a first-level marketplace where exporters can post their container demands online, which will help in ground-level assessment of containers required in the country

Indian seafarers' body inks 6 pacts worth Rs 225 cr with shipping regulator

The six MoUs are to the tune of Rs 225 crore in a span of five years

Cochin Port to sign MoUs worth Rs 2,825 cr at Maritime India Summit 2021

Cochin Port will sign nine MoUs worth Rs 2,825 crore at the second Maritime India Summit 2021 to be held held on March 2-4, the government said on Wednesday. Cochin Port Trust is one of the 12 major ports in the country. "Cochin Port Trust (CoPT), one of the major port trusts in India, will sign 9 MoUs of Rs 2,825 crore (as of today) at 2nd Maritime India Summit 2021 scheduled to happen on 2nd to 4th March 2021," Ministry of Ports, Shipping and Waterways (MoPSW) said in a statement. These MoUs will be majorly signed between Fertilisers and Chemicals Travancore Limited (FACT); Kottayam Port & ICD Services; IOCL; IGTPL; etc. The MoUs will be signed in the areas like dredging for maintenance of channels and basins, coastal connectivity, cargo handling, tourism related projects, aviation fuel terminal, deepening and widening of port channels, etc. "The Ministry of Ports, Shipping, and Waterways is also in process of finalising more than 217 MoUs to be signed in conjunction with the ..

Essar Shipping third quarter net loss widens to Rs 182 crore

Essar Shipping on Monday said its consolidated net loss widened to Rs 181.88 crore in the third quarter ended December 2020

A move towards the landlord port?

Of the five container terminals in the JNP, the port itself runs only one. Of the others, one is run by APM Terminals, another by the Singapore Port Authority and two by DP World

Global food trade has been upended by a pandemic-driven container crisis

India, the world's second-largest sugar producer, exported only 70,000 metric tons in January, less than a fifth of the volume shipped a year earlier

Covid-19: Unemployed supertankers are about to get junked on Asia's beaches

On Wednesday, daily earnings for supertankers sailing on the benchmark Middle East to China route were -$1,190, according to figures from the Baltic Exchange in London

Govt invites bids for sale of its 63.75% stake in Shipping Corporation

Non core assets of the company are being hived off and will not be a part of the sale

What happens when business tycoons abandon their giant cargo ships

Covid-19 has wrought havoc everywhere, but in the nominally regulated shipping industry it's fueling a worrying practice: the abandonment of ships, cargo and seafarers with no way to get home

This IITian is turning traditional shipping on its head with automation

Soham Chokshi's Shipsy is disrupting the offline shipping space with its SaaS workflow management platform

Amazon's Jeff Bezos called upon to save thousands of stranded seafarers

Industry bodies including the International Chamber of Shipping wrote an open letter urging Bezos to exert pressure on the incoming Biden administration and other leaders

World's biggest shipper A.P. Moller-Maersk remains wary of pandemic

Global demand for containers is expected to contract by 4-5% this year due to Covid-19

Major ports' cargo traffic falls for 7th month in Oct; 12% drop in Apr-Oct

In the wake of the COVID-19 outbreak, sharp declines were witnessed in handling of containers, coal and POL (petroleum, oil and lubricant) among other commodities

Icra outlook on ports negative for FY21 despite signs of recovery in July

General cargo throughput may witness 6-8% contraction in FY21; container segment decline by 12-15% during same period

Govt relaxes tariffs, port charges for vessels to boost cruise industry

The Ministry said in a statement that it has rationalised tariff rates for cruise vessels plying on the rivers and oceanic waters of India

Govt taking multiple steps to reduce high logistics cost: Minister

The government has initiated multiple steps to reduce high logistics cost, including strengthening inland waterways, Shipping Minister Mansukh Mandaviya said on Tuesday

Make in India: Govt invites global vessel owners to register ships in India

Shipping Minister Mansukh Mandaviya has reviewed the readiness of Indian shipping for implementation of the government's Cargo Transportation Policy, the statement said

Kolkata Port Trust registers 13 Covid-19 cases, including three staffers

Port has been holding video conferences with unions, discussing steps taken to contain Covid-19