An international vote to formally approve cutting maritime emissions was delayed by a year Friday, in a victory for the United States which opposes the carbon-cutting plan. The London-based International Maritime Organization (IMO), which is the shipping body of the United Nations, voted in April for a global pricing system to help curb greenhouse gases. … Read more
Vessels owned or operated by U.S. firms and individuals – or those built in the United States or that fly the U.S. flag – will be charged additional port fees per voyage starting on October 14, China’s transport ministry said. The fees are a counter-measure against upcoming U.S. port fees on Chinese ships, the ministry … Read more
Global shipping executives gathered this week in Long Beach, California, for a major annual conference, expecting to discuss market trends and supply chain challenges. Instead, they found themselves in crisis mode. On Tuesday, President Donald Trump upended decades of mostly free trade with the two biggest US trading partners, slapping 25% tariffs on goods from … Read more
An aerial view seen after tsunami at Indira Point in Andaman, Nicobar Islands, India. File | Photo Credit: Getty Images An international cruise terminal to facilitate a “global” port-led city, “high-end” tourism infrastructure, and a ship-breaking yard are among the new additions to the ₹72,000 crore mega-infrastructure project in Great Nicobar Island proposed by the … Read more
T.N. CM handing over offer letters to youngsters from under the ‘Naan Mudhalvan’ government scheme, selected for internships at UPS | Photo Credit: Special Arrangement United Parcel Service, popularly known as UPS across the globe, whose first technology centre in India was inaugurated in Chennai by Chief Minister M. K. Stalin on Monday, intends to … Read more
The Central Institute of Fisheries, Nautical and Engineering Training (CIFNET), has called for applications for residential trade courses for the academic year 2023-24. Applications are invited for vessel navigator and marine fitter trade courses approved by the Directorate General of Employment and Training and affiliated to the National Council for Vocational Training. The courses are … Read more
Mumbai: Transworld Holding, a UAE-based shipping and maritime company, has announced its intention to voluntarily delist the equity shares of its Indian subsidiary, Shreyas Shipping & Logistics (SSL), from NSE and BSE by acquiring all shares held by the public in Shreyas. Transworld holds a 70.44% stake in SSL. The delisting is expected to give … Read more
The EU executive on Tuesday proposed a fresh wave of sanctions against Russia that would include a ban on coal imports and blocking Russian ships from entering European ports. “Russia is waging a cruel, ruthless war, also against Ukraine‘s civilian population. We need to sustain utmost pressure at this critical point,” European Commission President Ursula … Read more
Higher global demand, especially for engineering goods, chemicals and low-value lifestyle products such as carpets, has made Indian exporters’ order books improve by almost 40% compared to the pre-Covid-19 period, with handicrafts, ceramic products and cotton yarn/fabrics showing signs of further strengthening amid a drop in new cases in the United States and despite another … Read more
NEW DELHI: The first ever Cargo Ferry Service between India and the Maldives was jointly launched on Monday opening a new chapter in connectivity initiatives in the Indian Ocean Region. Mansukh L. Mandaviya, Minister of State for Shipping (Independent Charge) and Aishath Nahula, Minister of Transport and Civil Aviation of the Maldives in a virtual … Read more