MARITIME SHIPPING
Spike in maritime shipping rates is no pandemic flashback
This round of supply-chain difficulties originates with the threat from Yemen’s Houthis, which is keeping container ships from using their normal route from Asia to Europe through the Suez Canal.
Government to soon come out with a new shipbuilding, repair policy
The Ministry of Ports, Shipping, and Waterways is set to introduce a new Shipbuilding and Repair Policy under the 100-day action plan. Ambitious goals have outlined in Maritime India Vision 2030 and Amrit Kaal Vision 2047 to elevate India's shipbuilding industry globally. The initiative aims to revitalise the industry, increase the share of Indian-owned vessels in cargo transport, and seize a significant market opportunity by 2047.
Aerial drone launched by Yemen's Houthi rebels hits ship in the Red Sea, causing damage and injuries
A drone launched by Yemen's Houthi rebels damaged a vessel in the Red Sea, the latest in a series of attacks targeting shipping in the region. The attack occurred off the coast of Hodeida, damaging a bulk carrier. The UK Maritime Trade Operations center reported the mariners on board were safe. The Houthis claimed responsibility for the attack, contradicting reports that it was carried out with a drone boat. The US military confirmed the attack on the vessel, which was en route to Egypt from Malaysia.
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.
Aerial drone likely launched by Yemen's Houthi rebels hits ship in the Red Sea
Yemen's Houthi rebels targeted a commercial ship in the Gulf of Aden, causing no damage, in a recent escalation of their attacks on shipping lanes amid the Israel-Hamas conflict. The vessel reported three explosions nearby but was not hit. The Houthis, who control Yemen's capital, claimed responsibility, identifying the target as the Transworld Navigator. The U.S. military destroyed three Houthi drone boats in the Red Sea and ordered the USS Dwight D. Eisenhower to return home after an extended deployment. The USS Theodore Roosevelt will replace it after exercises in the Indo-Pacific.
Ship attacked by Yemen's Houthi rebels in fatal assault sinks in Red Sea in their second sinking
A bulk carrier sank in the Red Sea days after an attack by Yemen's Houthi rebels, who are believed to have killed one mariner on board. The sinking of the Tutor marks an escalation in the Houthis' campaign targeting Red Sea shipping, despite ongoing U.S.-led efforts to halt the attacks. The attack, using drone boats, highlights the ongoing conflict in the region. The shipping industry has condemned the attacks, calling for them to stop immediately. Meanwhile, the Houthis claim that U.S.-led airstrikes targeted areas in Yemen under rebel control.
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Singapore port container logjam worsens as ships avoid Red Sea
Singapore's port faces congestion due to vessel diversions to avoid Red Sea attacks by Houthi rebels, impacting global supply chains and causing delays in goods delivery.
Missile attacks by Yemen's Houthi rebels strike 2 ships in the Gulf of Aden, US military says
Yemen's Houthi rebels launched missile attacks on two ships in the Gulf of Aden. The first target was the Antigua- and Barbuda-flagged cargo ship Norderney, which was hit by two anti-ship ballistic cruise missiles, causing a fire that was extinguished by the crew. The second target was the Liberian-flagged, Swiss-owned container ship Tavvishi, which sustained damage but continued its journey. A coalition warship intercepted a second missile aimed at the Tavvishi.
Golden era for shipping seen ahead as geopolitics boosts pricing
Shipping industry in Athens anticipates higher earnings amidst geopolitical conflicts and supply uncertainties.
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.
Another US MQ-9 Reaper drone goes down in Yemen, images purportedly show
Another U.S. MQ-9 Reaper drone reportedly crashed in Yemen, amid ongoing attacks by Houthi rebels in the Red Sea. The cause of the crash is unclear, but images show the drone largely intact in Marib province. This marks the third such incident this month. While U.S. Central Command acknowledged the reports, they stated no aircraft were lost in their area. Marib's strategic importance in Yemen's war has seen previous drone downings. The Houthis, who previously downed MQ-9 drones, and Marib authorities have not commented.
Cochin Shipyard gets EUR 60 million order for hybrid SOVs from UK operator
CSL said the hybrid SOVs are the workhorse of the growing, highly specialised renewables segment, in which it is actively looking forward with their proven track-record in the offshore support vessels.
Indian Navy warships complete Manila visit as part of operational deployment to South China Sea
Indian Navy ships INS Delhi, INS Shakti, and INS Kiltan completed their visit to Manila, Philippines as part of the Operational Deployment of the Indian Navy's Eastern Fleet to the South China Sea, emphasizing India's commitment to peace and stability in the region.
Indian Navy's Eastern Fleet Ships arrive in Manila to participate in Maritime Partnership Exercise
Indian Navy ships INS Delhi, INS Shakti, and INS Kiltan arrived in Manila, Philippines, as part of the Operational Deployment of the Indian Navy's Eastern Fleet to the South China Sea. The visit aims to strengthen the friendship and maritime cooperation between India and the Philippines. The ships were warmly welcomed by the Philippines Navy and will engage in professional interactions, sports fixtures, and community outreach programs. This visit comes amid tensions between China and the Philippines over the Scarborough Shoal, highlighting the strategic importance of maritime partnerships in the region.
Indian ships in Philippines to boost maritime cooperation
Three Indian Navy ships, INS Delhi, INS Shakti, and INS Kiltan, have arrived in Manila to strengthen maritime cooperation with the Philippines. The ships are part of an operational deployment of the Eastern Fleet to the South China Sea. They will engage in professional interactions, sports fixtures, cultural visits, and community outreach programs.
French shipping giant expects slump in cargo rates
CMA CGM SA anticipates lower ocean freight rates as new vessel deliveries boost capacity impacted by ship diversions to avoid the Red Sea conflict.
Philippines to buy 5 Japan-made coast guard ships in $400 mn deal
The Philippines agrees to buy five coast guard patrol ships from Japan to counter Chinese pressure in the South China Sea. Tokyo will provide a loan for the vessels to enhance maritime operations of the Philippine Coast Guard. The deal signifies the strengthening ties between the two countries amid regional security challenges.
Arbitration matters related to Chabahar port to be referred to tribunal in Muscat: Official
"Major concerns, including lack of consensus on an arbitral framework, have been addressed. As per the agreement signed on Monday, matters requiring arbitration with regard to operation of the Chabahar port, will be referred to a three-member arbitration tribunal based in Muscat in accordance with the Singapore International Arbitration Centre (SIAC)," the official said on condition of anonymity.
US calls on Iran to halt unprecedented weapons transfers to Yemen's Houthis for attacks on ships
The United States urged Iran to stop sending an "unprecedented" amount of weapons to Yemen's Houthi rebels, enabling them to carry out "reckless attacks" on ships. U.S. deputy ambassador Robert Wood called on the U.N. Security Council to hold Iran accountable for violating sanctions and strengthen enforcement measures. The conflict in Yemen, exacerbated by external actors like Iran, has led to significant civilian casualties and a dire humanitarian situation, with millions displaced and facing food scarcity and disease outbreaks.
India signs deal with Iran to run Chabahar port
At the end of the 10-year period, both sides will extend their cooperation in Chabahar. IPGL will invest about $120 million in equipping the port, officials said. India has also offered a rupee credit window equivalent to $250 million for mutually identified projects aimed at improving Chabahar-related infrastructure, they said.
Philippines sends ships to disputed atoll where China building 'artificial island'
Philippines monitors China's activities in the South China Sea, focusing on small-scale reclamation at Sabina Shoal. National security adviser calls for expelling Chinese diplomats. Permanent Court of Arbitration's ruling challenges China's claims.
Three Indian naval ships visit Singapore from May 6-9
INS Delhi, INS Shakti and INS Kiltan visited Singapore from May 6-9, aimed at undertaking bilateral engagements and discuss areas of mutual interest and cooperation, and reaffirming the commitment to enhance maritime security and stability in the region, according to an official statement shared by the Navy spokesperson.
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.
Three Indian Navy ships visit Singapore as part of South China Sea deployment
Indian Naval Ships Delhi, Shakti, and Kiltan, led by Rear Admiral Rajesh Dhankhar, arrived in Singapore as part of the Indian Navy's Eastern Fleet's operational deployment to the South China Sea. The visit aims to strengthen the friendship and cooperation between India and Singapore through various engagements. The Indian Navy and the Republic of Singapore Navy have a longstanding relationship, with regular visits, exchanges, and training arrangements. This deployment highlights the strong ties between the two navies.
Likely attack by Yemen's Houthi rebels targets a vessel in the Red Sea
Yemen's Houthi rebels are suspected of attacking a vessel in the Red Sea near Mokha, Yemen, in their latest assault on international shipping. The attack, not immediately acknowledged by the Houthis, prompted the UK Maritime Trade Operations center to issue a cautionary notice. The rebels claim their attacks aim to pressure Israel to end its conflict with Hamas, despite a recent decline in attacks due to a U.S.-led airstrike campaign in Yemen. The rebels recently claimed to have shot down a U.S. MQ-9 Reaper drone.
An Adani project will put India on global maritime map
India's ambition to be a manufacturing powerhouse got a boost with Adani Group's Vizhinjam Port in Kerala getting approval to operate as India's first transshipment port. The port's strategic location between the Suez Canal and the Strait of Malacca will enhance India's global sea trade presence, attracting ultra-large container vessels and boosting container traffic.
India seeks global collaborations to explore new tech, use of methanol, ammonia as ship fuel
Methanol and ammonia are considered as cleaner alternatives to conventional maritime fuels. Green ammonia and methanol, produced from low-carbon sources, help in reducing carbon emissions.
Iran seizes Israel-linked ship with 17 Indians onboard
India is constantly monitoring the situation and is in touch with relevant authorities. Sources said, "We are aware that a cargo ship 'MSC Aries' has been taken under control by Iran. We have learnt that there are 17 Indian nationals onboard. We are in touch with the Iranian authorities through diplomatic channels, both in Tehran and in Delhi, to ensure security, welfare and early release of Indian nationals."
Take maritime shipping off the inflation warning list
These latest disruptions are forcing ships to take alternative, longer routes. But once the ships arrive at their destinations, they are being unloaded quickly.
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