News Updates

Container rates set new record levels
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Container rates set new record levels

Container shipping rates from Asia to the U.S. and Europe increased to new record levels over the past week, ensuring..

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Is the New Maritime Act ready to be tabled?
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Is the New Maritime Act ready to be tabled?

Prisilla Nadar The Merchant Shipping Act, 1958 has become ancient. With the world and technology ever changing, it is being..

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IRClass to assist shipowners and managers in assessing EEXI and CII to determine compliance
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IRClass to assist shipowners and managers in assessing EEXI and CII to determine compliance

Indian Register of Shipping (IRClass) will be offering two new services Energy Efficiency Existing Ships Index (EEXI) and Carbon Intensity..

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HSD Engine chooses ABB Ability™ Tekomar XPERT as a partner for marine engine performance optimization platform
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HSD Engine chooses ABB Ability™ Tekomar XPERT as a partner for marine engine performance optimization platform

From L-R: Young-Gi Kim, General Manager of strategy Business team, HSD and Sang-Min Lee, Senior General Manager of strategy Business..

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CMA CGM Group extends its footprints in Nepal
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CMA CGM Group extends its footprints in Nepal

The CMA CGM Group, a world leader in shipping and logistics, launched its Carrier Haulage service from Kolkata to Biratnagar..

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Union Cabinet approves Rs 1,624 Crore to boost employment and save Foreign Exchange
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Union Cabinet approves Rs 1,624 Crore to boost employment and save Foreign Exchange

Despite having a 7,500 km long coastline and a policy of 100 per cent FDI in shipping since 1997, the..

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South Korea’s shipbuilders see highest volume for new orders in 13 years
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South Korea’s shipbuilders see highest volume for new orders in 13 years

South Korean shipbuilders secured 10.88 million compensated gross tons (CGTs) in new orders in the first half of 2021, the..

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Shipping – The backbone of International Trade
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Shipping – The backbone of International Trade

On 30th June, AMET University Nautical Science Department organised a national virtual conference titled Shipping – The backbone of International..

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Baltic index for dry bulk segment dips on lower rates
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Baltic index for dry bulk segment dips on lower rates

Pic: Loading of steel on ships The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry..

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