SUSTAINABLE SHIPPING
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.
IMEC will prove to be one of 'biggest game-changers' of 21st century: President Murmu
The IMEC envisages a vast road, railroad and shipping networks among Saudi Arabia, India, the United States and Europe with an aim to ensure integration among Asia, Middle East and West.
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.
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.
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.
How are the US and Canada dealing with the movement of Russian naval ships around Cuba?
The Russian ships which are participating in the joint naval exercises with Cuba are being closely monitored by the US and Canada. The two countries have counter-deployed submarines and other naval assets close to the Havana Bay.
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World container shipping rates keep rising amid port congestion
Inflation is easing globally except for soaring cargo costs on high seas, with spot rates for shipping containers to US and Europe tripling since 2023 due to Red Sea attacks.
Is it possible to house a trillion people in space? Jeff Bezos’s vision may run into rough weather
Experts point out that there are numerous challenges while envisaging people staying outside Earth in the solar system. Deep and extensive research will be needed before people can start living in space ships outside our planet.
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.
Sarbananda Sonowal gets into a huddle with officials, sets target for 100 days for MoPSW
Sonowal also reviewed the Targets set & offered every support to transform them into reality. The meeting was also attended by the Secretary of MoPSW, TK Ramachandran, among others including Joint Secretaries, Directors, young professionals to Assistant Section Officers.
Sarbananda Sonowal takes charge at the Ministry of Ports, Shipping & Waterways
Addressing the office bearers as well as the staff, the Minister evoked confidence in the team for delivering goals and objectives with a vision to serve the people of this country. Sonowal reiterated that the commitment towards serving this country to become Viksit Bharat must be absolute and called upon his team to sustain their good work towards this end.
Sitharaman's budget next month to lay out economic roadmap of Modi 3.0
The economic agenda would include steps to fast-rack reforms to make India a USD 5-trillion economy in near future and turn the country into a 'Viksit Bharat' by 2047.
Golden era for shipping seen ahead as geopolitics boosts pricing
Shipping industry in Athens anticipates higher earnings amidst geopolitical conflicts and supply uncertainties.
Port sector urged to decarbonise entire chain of operations
Maharashtra Maritime Board's Chief Port Officer Praveen S Khara said there is a need for these public and private stakeholders to collaborate in decarbonising the entire chain of operations.
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.
Wall St Week Ahead-Struggling Dow transport stocks could be economic warning signal
The Dow Jones Transportation Average has fallen 5% this year, contrasting with the S&P 500 and Dow Jones Industrial Average. Chuck Carlson sees it as a barometer for economic activity, signaling a possible slowdown ahead.
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.
‘We are seeing a global blue revolution in food, transport and energy now — booming coastal real estate is a true paradox of climate change’
Martin Smith, the George M. Woodwell Distinguished Professor of Environmental Economics at Duke University, discusses ocean economics with Srijana Mitra Das.
Escalating emissions: How Red Sea disruptions are driving up carbon emissions
Many companies had already revamped their supply chains as they navigated COVID-19 disruptions, extreme weather risks, trade protectionism that forced them to change suppliers, and rising freight costs.
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.
Why it’s so hard to track the fashion industry’s emissions
The fashion industry, responsible for 2% of global greenhouse gas emissions, struggles to reduce its carbon footprint.
Shipping is a dirty business. Cleaning it up is lucrative
HD Hyundai Marine's successful IPO attracted investors' attention by doubling stock value. It aims to provide eco-friendly solutions and expand globally in the maritime industry.
Greenko Zero C to supply 500,000 tonnes of green ammonia to Norway's Yara Clean Ammonia
Deliveries to start from Kakinada from Q4 of CY26, Industry sources say contract size expected to be $1.5-$1.8 bn over 10 years. 5GW of renewable power and pump storage in Andhra Pradesh to back production
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.
Yemen's Huthis attack Greek, US ships: CENTCOM
Yemen's Iran-backed Huthi rebels have resumed attacks on Red Sea shipping, targeting a Greek commercial vessel and other ships in recent incidents. The rebels launched missiles and drones at the ships, including a Maltese-flagged vessel, MV Cyclades, and two US vessels. The attacks, part of a series of incidents since November, have raised concerns about the safety of shipping routes in the region. The Huthis claim solidarity with Palestinians during the Israel-Hamas conflict and vow to continue attacks until Israel stops its actions in Gaza.
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.
74 BSE500 stocks gave double-digit returns in February; can gains sustain?
In February, 74 stocks on the BSE 500 gained double-digit returns of up to 32%. Hindustan Petroleum Corporation, CONCOR, Bharat Electronics, and others were among the top performers. Anish Tawakley of ICICI Prudential AMC has turned cautious on PSU stocks.
Packaging innovations for sustainable shipping and distribution
Balancing the need for efficient, well-priced packaging solutions with the growing demand for eco-friendly alternatives is a delicate task.
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