SHIP OWNERS
![Mundra Ahoy! Adani sets sail for shipbuilding](https://img.etimg.com/thumb/msid-111587284,width-100,height-75,resizemode-4/industry/transportation/shipping-/-transport/mundra-ahoy-adani-sets-sail-for-shipbuilding.jpg)
Mundra Ahoy! Adani sets sail for shipbuilding
Adani's previously unreported shipbuilding scheme is tucked away in the ₹45,000 crore expansion plan for Mundra Port that received environmental and coastal regulation zone clearance recently, according to the minutes of the Expert Appraisal Committee (EAC) attached to the ministry of environment, forest and climate change, which approved the proposal May 15.
![Dali cargo ship leaves Baltimore for Virginia, nearly 3 months after bridge collapse](https://img.etimg.com/thumb/msid-111237487,width-100,height-75,resizemode-4/news/international/world-news/dali-cargo-ship-leaves-baltimore-for-virginia-nearly-3-months-after-bridge-collapse.jpg)
Dali cargo ship leaves Baltimore for Virginia, nearly 3 months after bridge collapse
Dali to off-load cargo containers at Virginia International Gateway before heading to Norfolk International Terminal for salvage and repairs.
![Drone-sinking of coal ship takes Red Sea perils to new level](https://img.etimg.com/thumb/msid-111219431,width-100,height-75,resizemode-4/small-biz/trade/exports/insights/drone-sinking-of-coal-ship-takes-red-sea-perils-to-new-level.jpg)
Drone-sinking of coal ship takes Red Sea perils to new level
The sinking of a coal-carrier by a sea drone near the Bab el-Mandeb chokepoint has raised navigation risks.
![Aerial drone launched by Yemen's Houthi rebels hits ship in the Red Sea, causing damage and injuries](https://img.etimg.com/thumb/msid-111216722,width-100,height-75,resizemode-4/news/defence/aerial-drone-launched-by-yemens-houthi-rebels-hits-ship-in-the-red-sea-causing-damage-and-injuries.jpg)
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](https://img.etimg.com/thumb/msid-111205165,width-100,height-75,resizemode-4/magazines/panache/how-crews-suffer-when-shipping-costs-are-halved.jpg)
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.
![Indian ship recyclers' revenue seen rising 15% this fiscal: Crisil ratings](https://img.etimg.com/thumb/msid-110965775,width-100,height-75,resizemode-4/industry/transportation/shipping-/-transport/indian-ship-recyclers-revenue-seen-rising-15-pc-this-fiscal-crisil-ratings.jpg)
Indian ship recyclers' revenue seen rising 15% this fiscal: Crisil ratings
The Indian ship recycling industry is expected to grow by 15% this fiscal, supported by increased availability of ageing vessels. Crisil ratings mentioned that Indian ship recyclers are more competitive than rivals in Bangladesh and Pakistan.
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Tesla seeks from EU lower tariffs on EVs shipped in from China: Report
Electric vehicle maker Tesla has asked the European Union to subject its cars to a lower tariff than other manufacturers shipping into the bloc from China, Bloomberg reported.
Golden era for shipping seen ahead as geopolitics boosts pricing
Shipping industry in Athens anticipates higher earnings amidst geopolitical conflicts and supply uncertainties.
Ships diverted from Red Sea send ripple effects across the globe
Supply chain managers paying for the services look to place order in advance as ships face extended journeys since they spend more time at anchor.
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.
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.
India receives oil cargo in Russian SCF tanker after brief halt, sources say
A ship operated by Sovcomflot (SCF), a Russian shipping giant sanctioned by the U.S., discharged fuel oil at a western Indian port, signaling a resumption in the use of SCF vessels for supplying oil to Moscow's key market. The SCF Baltica, carrying 90,000 metric tons of fuel oil for Reliance Industries, was expected to depart after full discharge. Indian refiners, including Reliance, had been cautious about receiving cargoes on Sovcomflot vessels following U.S. sanctions imposed on the company.
Baltimore bridge: Companies with goods on ship may also have to pay for damages
Nowadays, the costs that become part of a general average calculation would include a tally of the losses incurred to move the vessel to safety, including any damage to cargo.
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-Israel conflict: Shipping industry set for tougher times ahead due to West Asia tensions, say experts
Iran's escalated tensions with Israel through a drone and missile attack have raised concerns in the global maritime industry, causing supply chain disruptions and potential shipping route blockages. The possibility of a Persian Gulf shutdown looms, impacting shipping costs and trade dynamics. Efforts are underway to defuse tensions and maintain supply chains amidst the crisis.
Standby Cruising: A new option for the frugal traveler
Barb McGowan from Naples, Florida, took a $343 seven-day cruise with short notice on Holland America Line to the Bahamas, Turks and Caicos, and the Dominican Republic, praising the food and entertainment.
Indian crew onboard crippled cargo ship Dali 'healthy': Baltimore-based nonprofit organisation
A cargo ship collision with a bridge in Baltimore has left 20 Indian crew members stranded but reportedly healthy. The ship's welfare is being managed by the Baltimore International Seafarers' Centre, with communication via WhatsApp. Additionally, the Indian Embassy in Washington is in contact with the crew and local authorities.
Baltimore ship accident has East Coast ports scrambling to absorb cargo
Fallout from last week’s deadly bridge collapse, which indefinitely closed the nation’s 17th-largest port by total cargo tonnage and the busiest gateway for vehicles, is expected to be largely contained as neighboring facilities with spare capacity tweak their schedules.
US authorities begin interviewing personnel, including Indian crew members, onboard crippled ship
US authorities are investigating the collision of the container ship 'Dali' with Baltimore's Francis Scott Key Bridge. The National Transportation Safety Board (NTSB) has begun interviewing crew members, including Indians, on board. The 984-foot ship collided with the 2.6-km-long bridge, causing it to collapse into the Patapsco River. The ship's managers, Synergy Group, confirmed the safety of all crew members, with one minor injury. The Indian Embassy in the US is in close contact with the 20 Indian crew members.
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.
Indian Embassy in US condoles "unfortunate accident" at Baltimore bridge; President Biden takes note of prompt action by ship's crew
The Indian Embassy in the US expressed condolences for the Baltimore bridge accident involving a cargo ship with an Indian crew. The ship's distress call saved lives before colliding with the Francis Scott Key Bridge, leading to fatalities and halting port operations. Authorities suspended search efforts for missing workers. President Biden pledged support for recovery efforts.
Baltimore bridge collapse reason: Why did Francis Scott Key Bridge in USA fall and what do we know about ship accident?
The collapse of Baltimore's Francis Scott Key Bridge in the US has raised apprehensions and many questions. We have all details pertaining to the ship and probable factors behind the incident.
All Indian crew on container ship that brought Baltimore bridge down
The cargo ship "Dali" collided with a pillar of the Francis Scott Key Bridge in Baltimore, causing it to collapse into the river. All 22 crew members onboard are Indian, according to the ship's management company, Synergy Marine Group. The vessel, owned by Grace Ocean Private Ltd and bound from Baltimore to Colombo, had a capacity of 10,000 TEU and was carrying 4,679 TEU.
Offshore wind’s next big problem: not enough ships
The looming shortage of ships capable of handling such turbines comes on the back of a tumultuous 2023 for the offshore wind industry.
Risk reigns in ocean shipping, industry and economic experts say
The Red Sea attacks already have spurred cargo delivery disruptions and soaked up excess vessel capacity - raising shipping costs in what has been a sluggish cargo volume recovery.
Only grain ships from Black Sea and for Iran still crossing Red Sea, analysts say
Grain transit through the Suez Canal hit a low of 2.6 million metric tons in February, down from 5.3 million tons in February 2023.
Ex-ISRO engineer helps author world's first 'Hydrogen Ship Rules'
Ship classification societies such as Lloyd's Register certifies ships for sea worthiness by providing classification and compliance services to the marine and offshore industries, helping ship owners design, construct, operate, and decommission their assets safely as per environmental expectations. This is done by framing rules that are referred to as 'class rules'.
How companies are responding to attacks on ships in the Red Sea
The attacks, targeting a route that accounts for about 15% of the world's shipping traffic, have pushed several shipping companies to reroute their vessels. The U.S. and Britain launched dozens of air strikes against Houthi military targets overnight on Jan. 11 and 12 in retaliation for the attacks, widening regional conflict stemming from Israel's war in Gaza.
Yemen's Houthis hijack cargo ship in the Red Sea; watch Hollywood movie-style video that has gone viral on social media
High-seas drama unfolds as military personnel board and seize a commercial ship in Yemen.
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