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India aims to lead Global Maritime

India aims to lead Global Maritime

India aims to lead Global Maritime The Union Minister of Ports, Shipping & Waterways (MoPSW) and Ayush, Shri Sarbananda Sonowal chaired a mid term review meeting here today. The meeting was held to determine a comprehensive approach towards swift and smooth execution of the ‘PM Maritime Amritkaal Vision’ with an [...]

Investors Worried as Ports and Terminals Face Challenges

Investors Worried as Ports and Terminals Face Challenges

Investor confidence took a hit due to persistent high prices and rising interest rates. In the third quarter of 2023, the S&P Index dropped by 3.6%, reflecting widespread concerns in the global market. Similarly, the Drewry Port Equity Index, which measures the performance of the ports and terminals sector, also [...]

Around the SHIPPING WORLD in 1 minute as on 5th October 2023

Around the SHIPPING WORLD in 1 minute as on 5th October 2023

Readers can get brief news, Around the SHIPPING WORLD in 1 minute as on 5th October 2023 (1) Adani Ports Achieves Record High Cargo Volume and 26% Growth in September Adani Ports and Special Economic Zone (APSEZ) celebrated a significant milestone as it experienced a remarkable 26% increase in cargo [...]

Government boosts western ports for the opening of India-Middle East-Europe corridor

Government boosts western ports for the opening of India-Middle East-Europe corridor

The Indian government is gearing up for a significant increase in trade once the proposed India-Middle East-Europe Economic Corridor (IMEEC) becomes operational. Although the corridor is still in its conceptual stage, India is proactively preparing to meet the surge in cargo demand. Senior officials from the shipping ministry revealed that [...]

Around the SHIPPING WORLD in 1 minute as on 30th September 2023

Around the SHIPPING WORLD in 1 minute as on 30th September 2023

KR Ship recycling yard received green certificate The KR Ship Recycling Yard has achieved a significant milestone by receiving a green certificate, signifying its transformation into an environmentally friendly facility. To attain this recognition, KR had to meet the stringent criteria set by two international certification bodies in the ship [...]

Around the SHIPPING WORLD in 1 minute as on 23rd September 2023

Around the SHIPPING WORLD in 1 minute as on 23rd September 2023

(1) Turkey’s Growing Role in the Mediterranean Oil Trade Turkey has become a significant player in the Mediterranean oil industry, despite not having its own oil reserves, thanks to its crude oil exports. According to the latest report from shipbroker Banchero Costa, 2023 has been a positive year for the [...]

How the Vizhinjam port can transform India's shipping industry

How the Vizhinjam port can transform India’s shipping industry

In exciting news, Kerala’s Minister for Ports, Ahamed Devarkovil, recently announced that the first ship carrying cranes from China is set to arrive at Vizhinjam Port on October 4. This development has generated significant buzz in the shipping industry. To mark this milestone, a special event at the Adani-operated Vizhinjam [...]

Indian Navy Ship

Around the SHIPPING WORLD in 1 minute as on 16th September 2023

(1) Indian Naval Ship ‘Nireekshak’ Arrives in Sri Lanka A highly advanced Indian Naval Ship called ‘Nireekshak’ has made its way to the port of Trincomalee in Sri Lanka. The purpose of this visit is to conduct Mixed Gas Diving training for the Sri Lanka Navy. This initiative was announced [...]

Around the SHIPPING WORLD in 1 minute as on 15th September 2023

Around the SHIPPING WORLD in 1 minute as on 15th September 2023

(1) Cruise Ship Rescued After Getting Stuck A fancy cruise ship got itself into a bit of a pickle when it ran aground near Greenland’s coast and couldn’t move for three whole days. Fortunately, on Thursday morning, the authorities announced that they had successfully pulled the ship, called the Ocean [...]

Around the SHIPPING WORLD in 1 minute as on 14th September 2023

Around the SHIPPING WORLD in 1 minute as on 14th September 2023

(1) Changes to Cargo Handling – Fuel Surcharge Starting from September 1, 2023, and until further notice, there will be a monthly review of the Fuel Surcharge applied to cargo handling at RAK Ports. The Fuel Surcharge for October 2023 is determined based on the published fuel price in September [...]