Shipping Firms

Govt asks shipping firms to enhance reporting, tracking on West Asia routes

The government has issued advisories to ship companies to enhance reporting, tracking and security protocols for vessels on West Asian routes and coming into Indian waters. 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. The ministry has identified sensitive zones that include the Persian Gulf, Strait of Hormuz, Gulf Of Oman, Arabian Sea, Gulf of Aden, Bab Al Mandeb Strait, Red Sea, Somali Basin and Arabian Sea region. The circular said in the event of any incidents or security escalation due to incidents, all vessels transiting through these areas are requested to submit their details via the online Ship Reporting Form. "This measure is critical for maintaining a comprehensive and up-to-date vessel. database, which will facilitate easier tracking and coordination at th

Baltimore bridge collapse: US concerned about impact on immediate region

US officials have expressed concern about the implications rippling beyond the immediate region after a key bridge harbouring America's largest vehicle handling port collapsed in Baltimore when a cargo ship crashed into it, even as experts predicted repercussions to be "modest and mainly localised". The 2.6km-long, four-lane Francis Scott Key Bridge over the Patapsco River in Baltimore was destroyed after Dali, a 984-foot cargo ship bound for Sri Lanka, collided against a bridge column in the early hours of Tuesday. The collapse of the bridge has indefinitely halted the flow of ships in and out of Baltimore Port. We are concerned about the local economic impact, with some 8,000 jobs directly associated with port activities," US Transportation Secretary Pete Buttigieg told reporters in the White House on Wednesday. "We're concerned about implications that will ripple out beyond the immediate region because of the port's role in our supply chains, he said, describing the Baltimore po

Next big reform in Indian insurance will be indemnity cover for shipping

Amendment to have such a facility could be part of new government's early legislative agenda

NAP for Green Shipping promotes eco-friendly practices, says Jagannathan

The National Action Plan for Green Shipping promotes eco-friendly practices and incentives for low-emission ships, positioning India's maritime sector for a prosperous and environmentally responsible future, Director General of Shipping Shyam Jagannathan said on Wednesday. Speaking at the 13th edition of the South Asia's largest maritime exhibition and conference -- INMEX SMM India 2023 -- here, Jagannathan also said that the sector's vision encompasses quadrupling port capacity, clean energy fuel hubs, and cruise tourism growth, among others. The three-day conference, which is being hosted in the city in collaboration with German exhibition organiser Hamburg Messe und Congress, will cover several issues concerning the industry, including green shipping and digitalisation, among others. "The National Action Plan for Green Shipping promotes eco-friendly practices and incentives for low emission ships, positioning India's maritime sector for a prosperous and environmentally responsibl

This shipping company is rerouting its ships. To save blue whales

The Mediterranean Shipping Company (MSC) has started to re-route its ship on the shipping lanes off the Sri Lankan coast in a bid to save the massive blue whales

Shiprocket set to acquire 75% stake in customer data platform Wigzo Tech

E-commerce shipping firm Shiprocket on Friday said it has committed to acquire a 75 per cent stake in customer data platform (CDP) Wigzo Tech.

World's biggest shipper Maersk reports 68% increase in revenue

Maersk said its key ocean business is now expected to grow below the global container demand" amid uncertainty around the supply chain logjams

Suez Canal shipping backlog ends, days after giant vessel freed

The last 61 ships, out of 422 ships that were queuing when the vessel was dislodged on Monday, passed through the vital trade artery on Saturday

Covid-19 impact: Tanker rates boom as demand for oil storage surges

Vessel charges jump up to seven times to $160,000-170,000 per day since February

Truck movement, ops at 3 Adani-run ports in Gujarat disrupted: Report

There was no truck movement at three Adani ports in the state of Gujarat on the west coast, Mundra, Dahej and Tuna, the report said

World's shipping firms are going super-sized

A massive consolidation is underway in the $500 billion global industry

Shipping firms should be cautious in ordering of new ships: Pradeep Rajan

Says, shipping companies are turning around, with a general increase in capacity utilisation