Indian Shipping Companies
Switzerland-based TIL to invest Rs 20,000 crore in Vadhvan Port project
Terminal Investment Limited Sarl (TIL) invests in, develops, and manages container terminals across the globe
 "Switzerland-based TIL to invest Rs 20,000 crore in Vadhvan Port project")
Latest Houthi threat in Suez Canal to impact Indian shipping further
US and British forces had carried out a series of airstrikes on Houthi assets on both land and sea beginning Friday
 "Latest Houthi threat in Suez Canal to impact Indian shipping further")
Red Sea attacks leave global shipping companies with difficult choices
Neither option is appealing and both raise costs. In recent months, global supply chains had finally recovered after three years of disruptions caused by the pandemic
 "Red Sea attacks leave global shipping companies with difficult choices")
Working on plan to encourage traders to use Indian-flag vessels: Goyal
On Tuesday, Prime Minister Narendra Modi said that India aims to be among the top five nations in shipbuilding over the next 25 years
 "Working on plan to encourage traders to use Indian-flag vessels: Goyal")
Why crisis for exporters could turn out to be a boon for shipping industry
Shipping companies counter that their costs have soared as well
 "Why crisis for exporters could turn out to be a boon for shipping industry")
Indian exporters allege global shipping companies are forming cartels
Ask govt to regulate them, bat for a larger Indian shipping company
 "Indian exporters allege global shipping companies are forming cartels")
Cabinet okays scheme to promote India-owned ships with subsidy support
As per the scheme, a subsidy of Rs 1,624 crore over five years to domestic shipping companies will be given in global tenders floated by Ministries and central PSEs
 "Cabinet okays scheme to promote India-owned ships with subsidy support")
Govt to provide Rs 1,624 cr over 5 yrs as subsidy to Indian shipping cos
The Union Cabinet approved a scheme to provide Rs 1,624 crore over five years as subsidy to Indian shipping companies in global tenders floated by ministries and CPSEs for import of government cargo
 "Govt to provide Rs 1,624 cr over 5 yrs as subsidy to Indian shipping cos")
Centre may penalise shipping companies for spike in freight rates
Exporters are facing an almost 60% hike in freight cost since July
 "Centre may penalise shipping companies for spike in freight rates")
Privatisation may affect SCI's decision-making powers, shipping market
In April 2003, the Cabinet Committee on Disinvestment had decided to suspend any divestment in SCI.
 "Privatisation may affect SCI's decision-making powers, shipping market")
Indian shipping cos struggle due to trade war, corrective pollution actions
The pressure on shipping cos to take corrective actions to curb pollution as they grapple with the fallout of a tit-for-tat trade war between the US and China will add to the burden of the industry
 "Indian shipping cos struggle due to trade war, corrective pollution actions")
