INDIAN SHIPPING COMPANIES
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 52.66 points down at 24249.5
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 53.55 points up at 24340.05
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 162.66 points up at 24286.5
Trade routes in turmoil: Why Indian exports are piling up in Colombo and Singapore
About 75% of India's transshipped cargo is handled at ports outside India, and the major trade routes connecting India to various destinations, including Colombo, Singapore, and Port Klang, are currently experiencing strain.
Budget 2024: 25% share by Indian liners could save $50 billion annually, says FIEO
Key export-related demands included creating an Indian shipping line, duty cuts, and extending credit schemes. Nasscom pushed for favorable policies like transfer pricing rules and deep tech clarity, with officials present to address concerns.
How crews suffer when shipping costs are halved
Stories about ship food tend to focus on the luxuries of cruise liners, which boast of serving whatever diners want, or close.
- Go To Page 1
IMEE-EC's India-UAE segment on track: Ports' digital integration moves forward, set to be ready in 100 days
The strategic India-Middle East Europe Economic Corridor (IMEE-EC) is set to commence its India-UAE leg, with a digital platform for port information exchange expected to be operational within the first 100 days of the Modi government. The initiative, aimed at enhancing trade connectivity, faces challenges due to tensions in West Asia, but recent support from the G7 has bolstered its prospects. The corridor, divided into phases, will facilitate the movement of cargo from locations in India to Israel.
Shipping delays and disruptions erode profitability of MSMEs: Ketan Kulkarni, Allcargo Group
Extended transit times can result in increased transportation expenses and potential penalties for late deliveries, further straining financial resources, says Ketan Kulkarni, Chief Growth Officer, Allcargo Group.
Russia boosts oil revenues as shipping and trading network grows
Russian oil exporters are selling oil to India at higher prices than at any time since the start of the Ukraine war, as more shippers and traders participate in the trade, weakening the impact of Western sanctions. The exporters have had to offer deep discounts to encourage shipping companies to move their crude since the invasion of Ukraine. Despite this, deals struck this month for Urals oil delivery to Indian refiners are at discounts of $3 to $3.50 per barrel to the global Brent crude benchmark, the narrowest since 2023.
Is it time to book profits in 'Modi stocks'? Sandip Sabharwal answers
If you have been always wanting to sell something and you could not get the opportunity, that is always the case, you should always do that. But I think it is foolish to unnecessarily increase cash in the assumption that you will want to buy cheaper at this point of time because if the strength of the mandate is as strong as what it reflects, then I think there will be continuity, there will be strong economic growth over the next few years.
Udupi Cochin Shipyard Limited receives new order from Adani's Ocean Sparkle
Udupi Cochin Shipyard Limited (UCSL), a subsidiary of Cochin Shipyard Limited (CSL), has secured a new order from Ocean Sparkle Limited (OSL), an AdHarbor Services company. The order is for the construction of three 70 T Bollard Pull ASD (Azimuthing Stern Drive) Tugs, as announced by the company in a release on Friday.
Defence stocks: Long runway, hedge a bit to avoid narrative-based decisions; 8 PSU & Pvt sector stocks, 4 with upside potential of upto 44%
In an election season, there are bound to be times when one or the other narrative may make one question about whether one should sell the stocks. The underlying reason would be fear of losing the gains on which one is sitting. Especially when it comes to sectors like defence, railways and others which have seen a strong re-rating and siting with big gains and already there has been skepticism about their stock price moving ahead of time. Now let's look at the issue in two ways, first is whether the fundamentals of the sector are on a strong foot and business is fine or not. Second, how to hedge the exposure so that one is not forced to sell due to narrative, because the fact is that a continuation in policy push means that the companies have just started their journey. While defence PSUs are well known, there are other private sector players, whose lifeline is dependent on defence expenditure and in the last few years they have also done well, both on the street and in terms of real business. So, it is better that one should hedge and stay with them and not get jittery because of one or the other narrative which will keep hitting the street till 4th June.
Whether there is a 10% correction or a 30% crash, market to bounce back in 8-10 months: Rajat Sharma
Rajat Sharma, Founder & CEO of Sana Securities, discusses the market valuations, particularly on the Nifty, currently at 21.9. He believes India is a bright spot even in a potential market correction or crash. Sharma says that post election results, on 10th or 12th July we will have the Union Budget and post that, there would be some correction.
Yemen's Houthis say they attacked three ships, two US destroyers
Yemen's Houthis group has launched attacks on three ships in the Indian Ocean and the Red Sea, and two U.S. destroyers in the Red Sea. The group claims the attacks are acts of solidarity with Palestinians in Israel's war in Gaza. The group has been using missiles and drones against ships sailing towards Israeli ports since November.
Red Sea crisis driving up cost of white goods
The Red Sea conflict is causing a shortage of shipping containers, leading to challenges like contract cancellations due to the force majeure clause. Shipping lines are adjusting to the situation post the financial year closure.
Indian seafarers remain most abandoned at sea for another year
For two consecutive years, Indian seafarers have faced the highest rates of abandonment, with 411 individuals already left stranded on ships within the initial six months of the current year. According to a report from TOI, a total of 116 vessels and 1,672 seafarers have been abandoned so far in this year.
Working hard to address needs of crew of ship involved in Baltimore incident: Synergy Marine
Synergy Marine Group addressing crew needs of container ship Dali in Francis Scott Key Bridge incident. Crew in good health, assisting with investigation. Indian crew facing phone confiscation by probe agencies, replaced by FBI. Monitoring crew's welfare, providing counselling 24/7. Crew awaiting permission to disembark and arrangements for return home.
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 62.25 points up at 22466.1
Tata Steel becomes first Indian steel company to complete fully loaded voyage from Australia to India on B24 biofuel
Tata Steel completed India's first fully loaded voyage from Australia to India on B24 biofuel blend to reduce carbon emissions by 20%. This was in alignment with the company's sustainability goals. This milestone is a significant step towards sustainable shipping practices in India and showcased Tata Steel's commitment to reducing carbon emissions in their operations.
Maersk says expanded Houthi attacks are forcing more delays
Since late last year, the Houthis have been attacking ships in the Red Sea, which cargo vessels from Asia have to travel through to reach the Suez Canal.
Houthis attack four ships in Indian Ocean, Red Sea
Iran-aligned Houthi militants have launched repeated drone and missile strikes in the Red Sea, Bab al-Mandab Strait and Gulf of Aden since November, forcing shippers to re-route cargo to longer and more expensive journeys around Southern Africa and stoking fears that the Israel-Hamas war could spread and destabilise the Middle East.
Adani Group's Vizhinjam Port gets ministry nod to run India's first transshipment operations
Adani Group's Vizhinjam Port in Kerala has received approval to operate as India's first transshipment port, facilitating the transfer of cargo between ships. The shipping ministry's nod allows customs to establish an office at the port. The project, started in 2015, aims to tap into India's transshipment cargo, which is currently handled by foreign ports like Colombo. Vizhinjam Port's advanced infrastructure can handle large vessels, with an initial capacity of one million twenty-foot equivalent units (TEUs), set to expand in subsequent phases.
Shipping companies asked to enhance reporting, tracking mechanism on West Asian routes
In a circular dated April 10, 2024, the Directorate General of Shipping (Mumbai) advised ship managers, ship masters and seafarers to enhance the mechanism for reporting and tracking maritime activities to safeguard the interest of merchant ships and their crews.
Government asks shipping companies to enhance reporting, tracking mechanism on West Asian routes
Government issues ship security advisories for West Asian routes. Vessels required to enhance reporting, tracking protocols in sensitive zones like Persian Gulf, Strait of Hormuz, Gulf Of Oman, Arabian Sea, and more. Contact Indian Navy in security incidents.
Iran to allow Indian authorities to meet 17 crew members of seized cargo vessel
Iran has agreed to allow Indian officials to meet the 17 Indian crew members of a cargo ship seized by Iranian forces near the Strait of Hormuz. Indian External Affairs Minister Jaishankar expressed concern and sought assistance from Iran. The ship, MSC Aries, was reportedly seized due to its alleged links with Israel.
One Indian crew sustained minor injury during collision with bridge in Baltimore: Shipping company
The 2.6km-long, four-lane Francis Scott Key Bridge over the Patapsco River in Baltimore, came crashing down after Dali, a 984-foot cargo ship, collided against it in the early hours of Tuesday.
Centre eyes 10x expansion in domestically flagged Ships
India plans to increase Indian flagged ships by ten times to become a formidable force in global maritime trade. Senior government official mentioned disputes between nations. Shipping ministry noted that most Indian flagged vessels are engaged in coastal trade. China has a large number of flagged ships engaged in overseas trade. Concerns exist regarding India's ageing ships.
India halts Pakistan-bound ship from China suspected of carrying nuclear cargo
Indian security agencies have intercepted a Pakistan-bound ship from China at Mumbai's Nhava Sheva port, suspected to be carrying a 'dual-use consignment' for Islamabad's nuclear and ballistic missile programme. The consignment included a CNC machine by an Italian company, inspected by customs officials and DRDO. This highlights concerns of Pakistan using China as a conduit for restricted items. Previous instances include China supplying an autoclave under the cover of an "industrial dryer" to Pakistan in 2020.
Ships with Indians aboard asked to alert authorities
A high-level inter-ministerial group chaired by the commerce secretary Sunil Barthwal, which has officials from ministries of external affairs, defence, shipping ministry and finance, met Wednesday to take stock of the situation and undertake measures to shield domestic industry and ships from the crisis.
Load More
