Explosions in the Red Sea off the coast of Yemen were reported on Tuesday after sightings of unmanned aircraft and missiles in two separate incidents, a British maritime authority said. Two unmanned aircraft were observed before two explosions occurred 5 nautical miles from a vessel located 50 nautical miles west of Hodeidah on Yemen’s west […]

The government has taken the recent drone attack on a ship in the Arabian Sea very seriously, and, whoever carried out the strike will be tracked down and dealt with, Defence Minister Rajnath Singh said in Mumbai on Tuesday. “Nowadays turbulence in the sea has increased a lot. India’s growing economic and strategic power has […]

Indian exporters are staring at a surge in shipping costs as freight lines are forced to avoid the Suez Canal and take a longer route around Africa to reach the West following tensions in the Red Sea. The alternate route around the Cape of Good Hope could increase shipping time between Mundra and Rotterdam by […]

in International Shipping News 11/12/2023   Container lines may need to hike freight rates by up to $450/TEU in deep sea trade to cover additional expenses arising from decarbonizing their maritime operations with low-carbon fuels, according to a study by consultancy UMAS published Dec. 7.   With pressure from regulators and some eco-conscious customers, a […]

The newly set up cooperative export body NCEL has got permission to export 14,92,800 tonnes of non-Basmati rice to 16 countries and 50,000 tonnes of sugar to two countries, Cooperation Minister Amit Shah said on Wednesday in the Rajya Sabha.   The National Cooperative Exports Ltd (NCEL) was registered in January this year under the […]

DP World initiates open access sourcing of green power at Nhava Sheva Terminals Accelerated electrification and green energy transition contributes to its global goal of net zero emissions by 2050 India, 06 December 2023: DP World has announced a new sustainability target in India, aiming for at least 60% of the energy required at its […]

Ships with links to Israel are diverting in greater numbers from the Red and Arabian Seas following a series of attacks over the past 11 days by Houthis, Iranians and Somalis. Danish liner giant Maersk became the latest big name to announce that a pair of its ships on charter – Lisa and Maersk Pagani – will be diverted […]

Far from removing a so-called cabotage rule to permit foreign flag ships to carry all types of cargo on local routes to boost coastal shipping as proposed earlier, foreign shipping companies will find it extremely tough to run India-centric cargo business under Prime Minister Narendra Modi’s Maritime Amrit Kaal Vision 2047. The Vision document calls […]

Steps such as curbs on inbound shipments of certain goods, production linked incentive scheme and mandatory quality norms are helping the country reduce imports of non-essential products such as TV, tyres, wallpaper and AC gas compressors. These steps, among others like imposing antidumping and countervailing duties, have been taken to analyse and control non-essential imports […]

The government is weighing an innovative plan to promote coastal shipping by introducing integrated public-private-partnership (PPP) port projects at major ports by clubbing vessel acquisition with viability gap funding (VGF) support. VGF is a one-time grant given by the Central government for supporting public-private-partnership (PPP) projects in infrastructure that are economically justified but fall short […]