Page 5 - Shipping

The Suez Canal: A vital oil transit route with an ancient history

The Suez Canal, blocked by a giant container ship that ran aground on Tuesday, is the quickest sea route between Asia and Europe and about 15% of global shipping traffic moves through it.

Oil prices recover some ground on fears Suez blockage may last weeks

Oil reversed a sharp sell-off a day earlier to rise 1% on mounting fears that it could take weeks to dislodge a giant container ship blocking the Suez Canal, which would squeeze supplies of crude

Suez Canal could be blocked for weeks by stuck 'beached whale' ship

A container ship blocking the Suez Canal like a "beached whale" may take weeks to free, the salvage company said, as officials stopped all ships entering the channel in a new setback for global trade

Japanese owner of cargo ship stuck in Egypt's Suez Canal offers apology

At least 150 vessels are waiting to use the Suez Canal after a skyscraper-sized cargo ship wedged across the vital waterway

Stuck cargo ship in Egypt's Suez Canal imperils shipping worldwide

A skyscraper-sized cargo ship wedged across Egypt's Suez Canal further imperiled global shipping as at least 150 other vessels needing to pass through idled waiting for the obstruction to clear

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

Ship charter rates to be exposed to volatility in near-term: Icra

Ship charter rates are likely to be exposed to volatility in the near-term, despite some segments seeing a recovery in pricing, as the demand outlook remains muted, rating agency Icra said

Trade groups ask govt to set up shipping regulator to check freight charges

Several trade bodies have urged the Centre to set up a regulator to deal with the rising freight charges, amid the problem of container shortages that exporters are facing

India's African oil imports hit 10-month high in August: Shipping data

India's oil imports from Africa jumped to their highest in 10 months in August as refiners switched out more expensive crude from the Middle East, shipping data shows

Maersk to cut jobs as part of major reorganisation, internal email says

Shipping group Maersk will cut job cuts as part of a major reorganisation, an internal email sent to Maersk employees shows.

Concor rally to lose steam over volume concerns, intensifying competition

Freight corridor delay, licence fee hike among headwinds for the stock

Coronavirus outbreak: Crashing freights to hit India's shipping business

SCI reported consolidated net sales of Rs 1,25,761 crore in December quarter, up 17 per cent over the same period last year

Melting ice starts a power struggle as shipping routes get unblocked

The Arctic is emerging as a potential geopolitical flashpoint for the US, Russia and China as shipping routes get unblocked

Shipping freight market defies ongoing trade war, global economic slowdown

Revival in iron ore exports from Brazil and Australia in last few months has helped improve the dry bulk segment

Govt to sell 100% stake in Kamarajar Port to Chennai Port for over Rs 4k cr

The deal is expected to be closed in 4-6 months

Energising India's ports

Technology-driven innovations, if properly harnessed, will transform the country's ports infrastructure and unleash its potential as a key growth engine for the economy

No time limit prescribed in law for amendment of shipping bill: Expert

The only condition is that the document on the basis of which amendment is sought should be available at the time of export

Shipping freight market revives: Indian companies are yet to see the change

Bulk cargo demand has received a boost following the substitution of lower-grade coal and iron ore in the East Asian nations with higher-grade inputs

Shipping stocks gain; Shipping Corporation hits 52-week high

GE Shipping, Mercator, Chowgule Steamship, Essar Shipping and Seamac were up 3% to 5%.

TAMP Amendment, Merchant Shipping Act to be tabled in Winter session

Major ports will be free to determine rates to take on competition from non-major ports