In a bid to secure funds, the Pakistani government is considering transferring control of its Karachi port terminals to the United Arab Emirates (UAE), according to a report released on Tuesday. The country’s finance minister, Ishaq Dar, recently presided over a meeting of the cabinet committee on inter-governmental commercial transactions. [...]
In 2022, the global ship finance industry faced significant challenges due to various factors affecting the shipping market. The Ukrainian war and geopolitical tensions led to a sharp increase in energy prices, including natural gas, crude oil, and coal. This, along with international sanctions, resulted in a divergence between energy-related [...]
Seafarers play a crucial role in maintaining global trade and ensuring the smooth operation of maritime activities. They work in various capacities on different types of vessels, such as cargo ships, oil tankers, cruise ships, fishing boats, and more. Here are some key points to consider regarding the life and [...]
Adani Ports & Special Economic Zone Ltd. has resumed operations at its Mundra port in Gujarat after a cyclonic storm named Biparjoy passed through the region. The port had halted work for several days due to the storm. Karan Adani, the CEO of Adani Ports, mentioned in a tweet that [...]
Ship dismantling is indeed a necessary process for old vessels that become costly to maintain. Shipowners often opt for ship dismantling to dispose of their old vessels and focus on other expenses such as port charges, fuel charges, and crew salaries. The primary method of ship dismantling involves breaking the [...]
A ship carrying 120 people encountered a distressing incident on Sunday when it caught fire off the coast of Bohol, a Philippine island. Prompt action was taken as coast guard officials deployed a vessel to rescue the passengers and crew members onboard while simultaneously attempting to extinguish the flames, as [...]
The arrival of the MSC Hamburg at the Bharat Mumbai Container Terminal (BMCT) of the Jawaharlal Nehru Port Authority (JNPA) marks a significant achievement for both JNPA and the maritime industry in India. The MSC Hamburg is recognized as the longest vessel ever to call at an Indian port, which [...]
Respected Readers, Alang ship recycling report as on 18th June 2023 [...]
It appears that APM Terminals Pipavav, a port in Gujarat, India, has resumed its landside operations, with certain restrictions, after the weather improved following Cyclone Biparjoy. The port has also resumed rail yard activity, delivery services for import cargo and empty containers, and gate-in of reefer shipments. However, marine and [...]
According to Christian Roeloffs, co-founder and CEO of Container xChange, Indian container logistics players should anticipate significant obstructions in port operations and restrictions on container movements due to Cyclone Biparjoy approaching the Gujarat coast. The disruptions extend beyond ports, as rail transportation in the affected areas is also severely impacted. [...]
