Page 19 - Shipping Industry

Container vessel idling at 1-yr high as Covid-19 pandemic sinks sailing

The highest sailing cancellation since the Covid-19 outbreak was in February, registering a spike of 105 cancellations across Trans-Pacific, Asia-Europe, and the Mediterranean trades.

Post-import expenses excluded for determining Customs value: Expert

The charges for erection and training will not be included in the assessable value of the imported goods

Lockdown: Metal scrap importers risk losing Rs 80,000 cr to shipping lines

Industry sources said that over 250,000 containers are stranded at Indian ports on account of the complete lockdown enforced to check the spread of Covid-19 pandemic

Hope shipping rules extended to minor ports

Some shipping lines or their agents did not feel bound by the advisories, leading to complaints from the importers and exporters

Recycling units to lose Rs 22,000 cr as demurrage and detention costs soar

Shipping lines and container freight stations ignore official directives calling for a waiver on these charges

Better to file bill of entry before arrival of vessel, say expert

It is always desirable to file the bill of entry well before arrival of the vessel and get the assessment through

Truck movement, ops at 3 Adani-run ports in Gujarat disrupted: Report

There was no truck movement at three Adani ports in the state of Gujarat on the west coast, Mundra, Dahej and Tuna, the report said

Only consumer goods may see green shoots amid coronavirus pandemic

The Covid-19 impact on various sectors of the Indian economy would depend on the longevity of the outbreak and the lockdown. Except for essentials in the consumer goods, most sectors would be impacted

As global gas prices crash, traders turn ships into floating storage

But while crude can sit for months or even years in a tank, super-chilled LNG tends to evaporate even in the specialised vessels that handle it.

Coronavirus pandemic adds a major blow to struggling shipping industry

The pandemic adds a major blow to an industry reeling from a toxic combination of geopolitical tensions, trade restrictions and natural disasters in 2019

Covid-19: Icra outlook on bulk, container, offshore negative in near term

Tanker freights see upside as falling oil prices come to rescue

Secondary metal producers crumble under lockdown, shipping cos add to woes

Scrap imported at lower prices stuck at ports, finished goods lying at factories with no transport available; shipping firms make hay by charging huge sums for storage at ports

Directorate General of Shipping lays down rules to combat coronavirus

Vessels using only Indian ports need not follow all the instructions mentioned in the order, but need to carry out a due diligence process

Port reforms: The next big step

Cabinet clearance of the Major Port Authority Bill, 2020, should breathe new life into government-owned major ports

Coronavirus epidemic to disrupt earnings of Indian shipping companies

Crashing tanker freights, negative Baltic cape index to take toll on March quarter show

Agriculture to shipping, some ministries likely to see spending squeeze

The official data shows that, for example, the agriculture ministry has spent 49 per cent of its budgeted expenditure till November-end, compared to 70 per cent for the same period last year

India eyeing 60% of ship recycling biz, will help GDP reach $2.2 bn: Govt

The Act ratifies the Hong Kong convention and facilitating environment friendly recycling process of ships and adequate safety of the yard workers

Shipping Industry to witness cost rise of $15 bn over IMO regulations

Companies to pass on entire cost increase to customers

After nod to Recycling of Ships Bill, India eyeing 60% global share: Govt

Terming the passing of the Bill as a giant step and a historical moment in the Indian maritime arena, Mandaviya said it will have far reaching effects on the ship recycling industry.

India has clocked four-fold jump in cruise calling in 2 years: MoS Shipping

The minister further said the government is also taking initiatives to develop inland waterways for river cruise tourism