Tragedy at Sea: Fishing Boat Collides with Cargo Ship off Hainan Island Eight crew members are missing after a collision between their fishing vessel and a Panamanian container ship in the South China Sea, near Hainan Province. The incident occurred around 12:30 am on Wednesday, according to the provincial maritime [...]
Cosco Halts Shipments to Israel Amid Yemeni Operations: Impact on Trade and Market Dynamics Chinese state-owned shipping giant Cosco (China Ocean Shipping Company) has made a significant announcement, suspending all shipments bound for Israel. This decision aligns with a growing trend among shipping companies in response to Yemeni operations in [...]
Mystery at Sea: Family Seeks Government Aid as Merchant Navy Sailor Disappears En Route to Turkey In a distressing turn of events, the family of Ankit Saklani, a seasoned merchant navy sailor, has reached out to the Uttarakhand government seeking assistance as he mysteriously disappeared from the ship he was [...]
India Boosts Naval Presence in Response to Recent Maritime Incidents In a proactive move to safeguard its maritime interests, the Indian Navy has decided to deploy guided missile destroyer ships in the Arabian Sea. This decision comes in the aftermath of an incident involving an Israel-affiliated merchant vessel, MV Chem [...]
Alang Ship Recycling: A Worrying Trend of Decreasing Ship Arrivals In the 40th year since its establishment, the Alang Ship Recycling Yard is facing a significant decline in its once-thriving shipbreaking industry. Historical data reveals that at its zenith, Alang claimed a remarkable 60% share of the world’s shipbreaking activity. [...]
Inland Waterways Authority of India (IWAI) and Amazon signs MoU for cargo movement A memorandum of understanding (MoU) was signed between Inland Waterways Authority of India (IWAI) and Amazon Seller Services Private Limited (Amazon) for promoting cargo movement and transportation of customer shipments & products via inland waterways using river [...]
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 [...]
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 [...]
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 [...]
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 [...]
