Page 3 - Shipping

20 Indian rescued from burning vessel off the Dutch coast return home

A group of 20 injured Indian crew members rescued after a major fire broke out on board a cargo vessel carrying nearly 3,800 cars off the Netherlands coast have safely returned home while the mortal remains of one sailor who was killed in the incident are being repatriated, Indian authorities have said. An Indian crew member was killed and 20 others were injured in the fire that broke out on July 25 on board the Panama-registered ship Fremantle Highway, which was en route from Germany to Egypt. Several crew members were forced to jump overboard. The ship was manned entirely by Indians. "20 Indian crew rescued from ship Fremantle Highway have safely returned to India over the past week. Thank Dutch authorities for their support & assistance as well as our sailors for their fortitude & courage through this difficult time," the Indian Embassy in the Hague said on platform X, formerly known as Twitter. "Mortal remains of one crew member who unfortunately passed away are being ...

Seacoast Shipping Service Limited to Secure Rs. 49 Crore via Share Rights Issue, Record Date Confirmed as July 13th, 2023.

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Ship briefly runs aground in Egypt's vital Suez Canal, refloated later

The Xin Hai Tong 23 ran aground at the southern mouth of the Suez Canal, tracking data showed

Shipping has largely relied on one fuel. It now needs many: Sparklines

While emissions in the global power sector may be close to peaking, international shipping emissions show no signs of doing the same

Centre sets 2030 as target to become global hub for green shipping

New policy launched to convert tugboats at major ports into green tugs

How shipping industry is trying to clean up its biggest, dirtiest problem

A 2022 report concluded container ships can reduce fuel consumption and CO2 emissions by 14% per voyage if they optimize their speeds

Western Railway chugs into 100-million tonnes freight club in FY23

First ever non-coal zone to achieve the feat

Global shipping growth at risk from economic gloom, says UNCTAD

The world's largest investment banks expect global economic growth to slow further in 2023 following a year roiled by Russia's invasion of Ukraine and soaring inflation

SME Chatroom: 'Assessable value can be different from invoice value'

There is a specific box in the bill of entry for Free of Charge (FOC) imports

No port, vessel related charges on coastal shipping for 6 months: Govt

To provide respite to waterway transportation from high fuel prices, the Shipping Ministry has directed all major ports to exempt coastal shipping operations from port and vessel charges for 6 months

Flipkart Grocery leans on smaller towns in bid to reach 20,000 PIN codes

Flipkart Grocery currently offers 7,000 products in 1,800 cities covering 10,000 PIN codes, served by 23 fulfilment centres spread over an area of 2.75 million sq ft

Shipping costs soar as Russian fallout overpowers global fuel flows

The Russian invasion has exacerbated a tightening of energy markets, upending trade flows and forcing buyers to scour the world for alternative fuel supplies

Shortage of empty containers in Asia may get worse on Rotterdam jam

Empty container boxes crucial are getting stuck in the port of Rotterdam as a growing backlog of undelivered goods at Europe's export hub forces ocean carriers to prioritise shipments of filled boxes

Sagarmala project pipeline doubles to 1,537, cost rises to Rs 6.5 trillion

The ports ministry is currently working on a national perspective plan for development of 11 coastal economic zones (CEZ) across the country

Several exporters get pending payments for shipments made to Russia

Several exporters have received pending payments for shipments made to Russia before February 24 -- the day Russia-Ukraine conflict began

Crisis in Ukraine impacts global shipping industry

The shortage of skilled personnel at the middle and senior levels can hamper the operations of the shipping lines

BPO, shipping lead Feb 2022 hiring activity: Monster Employment Index

Monthly uptick of 3% in hiring activity over January 2022

2021, the year that was: 'Glocal' pandemic shocks, just as demand revived

The third of the year-ender series focuses on how Indian businesses suffered two global supply dislocations

Govt's new PPP port guidelines link tariffs to market-determined rates

The move will provide level playing field to PPP concessionaires at major ports and help them compete with private ports

Shipping rate surge threatens global economic recovery, says UNCTAD

A surge in demand for consumer goods during the pandemic has created major supply bottlenecks around the world, which has impacted the supply of container ships and boxes to transport cargo