Container Vessel

Myriad issues like recent protests by the fisherfolk, back-to-back floods in Kerala, Cyclone Ockhi have taken wind out of Adani Group's sails, forcing its Rs 7,500-cr project to move at snail's pace

India will send three explorers to a depth of 500 metres under the sea in an indigenously built vessel, Samudrayaan, this year, an official said. Engineers at the National Institute of Ocean Technology in Chennai have already designed the steel sphere that will house the aquanauts for their journey, he said. However, the plan to send the Samudrayaan to 6,000 metres deep into the sea could be delayed due to difficulty in procuring the titanium sphere capable of withstanding pressure at those depths, the official, requesting anonymity, told PTI on the sidelines of the Indian Science Congress underway here. He said a steel sphere can withstand pressure up to a depth of 500 metres, but will crumple as it cruises deeper, making titanium as the metal of choice. "These are exclusive technologies and no country is ready to part with it. The Ukraine conflict has further aggravated the situation," the official said without elaborating. India's has also set its eyes on achieving a human ...

Container shipping charter rates are set for a course correction after touching historical highs in 2021 and staying elevated so far this year, according to a report. It also expects margins of the Indian shippers squeezing this fiscal even as they will be higher than the pre-Covid level. Charter rates were up 156 per cent year-on-year for the first seven months of this year, according to Crisil Research. Over the remaining months, however, the rates are expected to decline, though still ending the year 40-70 per cent higher, it said. These rates are likely to slide a further 30-50 per cent in 2023 on account of the expected recessionary environment in the majority of the consumption economies and consequent fall in demand for discretionary goods, according to the report. It also noted that a widely anticipated recessionary environment is expected to weigh on demand in key consumption countries in the West towards the end of the year, among other factors for the anticipated furthe

Container demurrage is charged for use of a container within a terminal beyond the free period allowed by the shipping line

The company is keen on augmenting its marine assets for coastal container cargo as it sees coastal shipping growth to 215 million tonne by 2025 from about 86 million tonne now

Two merchant vessels have collided in the Gulf of Kutch, although no casualty or oil slick has been reported in the incident, a defence official in Gujarat said on Saturday. The two merchant vessels - Aviator and Atlantic Grace - collided on November 26 night, the defence spokesperson in the state said in a tweet. Indian Coast Guard (ICG) ships are on standby in the vicinity and monitoring the situation, the official said. "Collision betwn MVs Aviator and Atlantic Grace in GoK on 26 November night. No casualties, oil slick reported. @IndianCoastGuard Ships in the area incl. Pollution Control stand-by in vicinity & monitoring the situation," the Gujarat defence PRO said in the tweet.

He said these containers with a capacity of about 200 beds each will be placed in Delhi and Chennai, adding that they can be airlifted or taken by trains to the place of emergency

Aim is to bypass log-jammed ports and secure scarce ship space at a time when Covid-19, as well as US-China trade ructions, equipment shortages have exposed fragility of globe-spanning supply lines

Currently, duty-free imports of containers are allowed with the condition of re-export in the next six months

State-owned Container Corporation of India Ltd (Concor) on Thursday reported 409.67 per cent surge in consolidated net profit to Rs 251.22 crore for the first quarter ended June 30.

The rescue of the cargo ship that choked the busy Suez Canal has put the spotlight on a sector

Some bunching at Chennai and JNPT, bulk and liquid vessels to be less impacted

As global trade has grown, shipping companies have steadily increased ship sizes - but the Suez Canal blockage showed that bigger is not always better

Egyptian President said the Ever Given's grounding had drawn attention to the importance of the waterway for global trade

UK P&I Club has said that it was the protection and indemnity insurer for the Ever Given

The skyscraper-sized Ever Given is stuck sideways in the crucial waterway, creating a massive traffic jam.

Breakthrough in rescue attempt came after diggers removed 27,000 cubic meters of sand, going deep into the banks of the Suez Canal.

The incident has left dozens of vessels gridlocked as they attempted to transit between the Red Sea and Mediterranean

Global trade is being roiled by a shortage of containers because dire predictions of a collapse this year that prompted carriers to cancel sailings have proved too pessimistic

The ship was arrested under the jurisdiction of the admiralty bench of the Calcutta High Court on the day of its sailing from the HDC in 2017 for not paying dues