Page 20 - Shipping Industry

Giant container ship blocking Suez Canal finally freed after 6 days

Data estimates say it could take more than 10 days to clear the backlog of ships with more than 367 vessels piled up on either end of the canal

'She's free': Traffic in Suez Canal resumes after stranded ship refloated

Key waterway between Europe and Asia blocked since Tuesday; at least 369 vessels waiting to transit canal

Ship backlogs from Suez chaos could take months to clear: Container lines

Around 30% of the world's shipping container volume - including goods like sofas, consumer electronics, apparel and shoes - moves through the 193 km (120 miles) Suez Canal daily

Ship 'partially refloated', but still stuck in Suez Canal to block traffic

The skyscraper-sized Ever Given is stuck sideways in the crucial waterway, creating a massive traffic jam.

Giant vessel blocking Suez Canal freed, logjam of 450 ships to be cleared

Breakthrough in rescue attempt came after diggers removed 27,000 cubic meters of sand, going deep into the banks of the Suez Canal.

Ship blocking Suez Canal moves slightly, unclear when it will refloat

A Dutch salvage firm is attempting to refloat the vessel with tugboats and dredgers, taking advantage of high tides

Plan made to refloat container ship blocking Suez Canal using tide

The company that owns the giant container ship stuck sideways across the Suez Canal said an attempt will be made to refloat the vessel by taking advantage of tidal movements later Saturday.

Suez Canal steps up efforts to free stuck vessel, Biden offers help

US President Joe Biden said his administration was looking at what it could do to help

Suez Canal blockage: Traffic snarl is making shipping costs skyrocket

It's going to be tough to come up with a single figure that covers everything, and much will depend on how long the massive cargo ship remains stuck in the waterway

Global trade gets rerouted, supply disrupted with Suez Canal still blocked

Swedish furniture giant Ikea and yellow bulldozer-maker Caterpillar Inc. are among the many international companies facing supply-chain headaches

A ship stuck in Suez

On Tuesday morning, the container ship Ever Given ran aground while navigating the Suez Canal. It swung sideways, blocking almost the entire channel. It hasn't been refloated yet

Maritime traffic jam grows outside blocked Suez Canal

A maritime traffic jam grew to more than 200 vessels Friday outside the Suez Canal and some vessels began changing course

Suez blockage sets shipping rates racing, oil and gas tankers diverted away

The suspension of traffic through the narrow channel linking Europe and Asia has deepened problems for shipping lines that were already facing disruption and delays in supplying retail goods

Suez blockage sets shipping rates racing, oil and gas tankers diverted away

Reeling from the blockage in the Suez Canal, shipping rates for oil product tankers have nearly doubled this week, and several vessels were diverted away from the vital waterway

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