Business Standard

Sunday, January 19, 2025 | 05:02 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Page 4 - Shipping Industry

Ship blocking Suez Canal moves slightly, unclear when it will refloat

A Dutch salvage firm is attempting to refloat the vessel with tugboats and dredgers, taking advantage of high tides

Ship blocking Suez Canal moves slightly, unclear when it will refloat
Updated On : 28 Mar 2021 | 6:29 AM IST

Plan made to refloat container ship blocking Suez Canal using tide

The company that owns the giant container ship stuck sideways across the Suez Canal said an attempt will be made to refloat the vessel by taking advantage of tidal movements later Saturday.

Plan made to refloat container ship blocking Suez Canal using tide
Updated On : 27 Mar 2021 | 9:50 AM IST

Suez Canal steps up efforts to free stuck vessel, Biden offers help

US President Joe Biden said his administration was looking at what it could do to help

Suez Canal steps up efforts to free stuck vessel, Biden offers help
Updated On : 27 Mar 2021 | 8:13 AM IST

Suez Canal blockage: Traffic snarl is making shipping costs skyrocket

It's going to be tough to come up with a single figure that covers everything, and much will depend on how long the massive cargo ship remains stuck in the waterway

Suez Canal blockage: Traffic snarl is making shipping costs skyrocket
Updated On : 27 Mar 2021 | 7:05 AM IST

Global trade gets rerouted, supply disrupted with Suez Canal still blocked

Swedish furniture giant Ikea and yellow bulldozer-maker Caterpillar Inc. are among the many international companies facing supply-chain headaches

Global trade gets rerouted, supply disrupted with Suez Canal still blocked
Updated On : 27 Mar 2021 | 6:49 AM IST

A ship stuck in Suez

On Tuesday morning, the container ship Ever Given ran aground while navigating the Suez Canal. It swung sideways, blocking almost the entire channel. It hasn't been refloated yet

Image
Updated On : 26 Mar 2021 | 11:02 PM IST

Maritime traffic jam grows outside blocked Suez Canal

A maritime traffic jam grew to more than 200 vessels Friday outside the Suez Canal and some vessels began changing course

Maritime traffic jam grows outside blocked Suez Canal
Updated On : 26 Mar 2021 | 10:23 PM IST

Suez blockage sets shipping rates racing, oil and gas tankers diverted away

The suspension of traffic through the narrow channel linking Europe and Asia has deepened problems for shipping lines that were already facing disruption and delays in supplying retail goods

Suez blockage sets shipping rates racing, oil and gas tankers diverted away
Updated On : 26 Mar 2021 | 4:29 PM IST

Suez blockage sets shipping rates racing, oil and gas tankers diverted away

Reeling from the blockage in the Suez Canal, shipping rates for oil product tankers have nearly doubled this week, and several vessels were diverted away from the vital waterway

Suez blockage sets shipping rates racing, oil and gas tankers diverted away
Updated On : 26 Mar 2021 | 10:49 AM IST

Suez Canal snarled with giant ship stuck sideways in top trade artery

At 400 meters in length, the vessel that was built in Japan about three years ago is longer than the Eiffel Tower laid on its side

Suez Canal snarled with giant ship stuck sideways in top trade artery
Updated On : 24 Mar 2021 | 1:14 PM IST

India Ratings gives logistics stable outlook in FY22, sees demand growing

Agency estimates 8 per cent year-on-year improvement in volumes for Indian ports in FY22.

India Ratings gives logistics stable outlook in FY22, sees demand growing
Updated On : 22 Mar 2021 | 3:10 PM IST

Shipping lines set to decide if container e-module's a success

The FIEO says the e-module is a first-level marketplace where exporters can post their container demands online, which will help in ground-level assessment of containers required in the country

Image
Updated On : 22 Mar 2021 | 12:02 AM IST

Indian seafarers' body inks 6 pacts worth Rs 225 cr with shipping regulator

The six MoUs are to the tune of Rs 225 crore in a span of five years

Indian seafarers' body inks 6 pacts worth Rs 225 cr with shipping regulator
Updated On : 01 Mar 2021 | 10:25 PM IST

Cochin Port to sign MoUs worth Rs 2,825 cr at Maritime India Summit 2021

Cochin Port will sign nine MoUs worth Rs 2,825 crore at the second Maritime India Summit 2021 to be held held on March 2-4, the government said on Wednesday. Cochin Port Trust is one of the 12 major ports in the country. "Cochin Port Trust (CoPT), one of the major port trusts in India, will sign 9 MoUs of Rs 2,825 crore (as of today) at 2nd Maritime India Summit 2021 scheduled to happen on 2nd to 4th March 2021," Ministry of Ports, Shipping and Waterways (MoPSW) said in a statement. These MoUs will be majorly signed between Fertilisers and Chemicals Travancore Limited (FACT); Kottayam Port & ICD Services; IOCL; IGTPL; etc. The MoUs will be signed in the areas like dredging for maintenance of channels and basins, coastal connectivity, cargo handling, tourism related projects, aviation fuel terminal, deepening and widening of port channels, etc. "The Ministry of Ports, Shipping, and Waterways is also in process of finalising more than 217 MoUs to be signed in conjunction with the ..

Cochin Port to sign MoUs worth Rs 2,825 cr at Maritime India Summit 2021
Updated On : 24 Feb 2021 | 4:59 PM IST

Essar Shipping third quarter net loss widens to Rs 182 crore

Essar Shipping on Monday said its consolidated net loss widened to Rs 181.88 crore in the third quarter ended December 2020

Essar Shipping third quarter net loss widens to Rs 182 crore
Updated On : 08 Feb 2021 | 7:38 PM IST

A move towards the landlord port?

Of the five container terminals in the JNP, the port itself runs only one. Of the others, one is run by APM Terminals, another by the Singapore Port Authority and two by DP World

A move towards the landlord port?
Updated On : 04 Feb 2021 | 9:54 PM IST

Global food trade has been upended by a pandemic-driven container crisis

India, the world's second-largest sugar producer, exported only 70,000 metric tons in January, less than a fifth of the volume shipped a year earlier

Global food trade has been upended by a pandemic-driven container crisis
Updated On : 02 Feb 2021 | 3:20 PM IST

Covid-19: Unemployed supertankers are about to get junked on Asia's beaches

On Wednesday, daily earnings for supertankers sailing on the benchmark Middle East to China route were -$1,190, according to figures from the Baltic Exchange in London

Covid-19: Unemployed supertankers are about to get junked on Asia's beaches
Updated On : 26 Jan 2021 | 12:05 AM IST

Govt invites bids for sale of its 63.75% stake in Shipping Corporation

Non core assets of the company are being hived off and will not be a part of the sale

Govt invites bids for sale of its 63.75% stake in Shipping Corporation
Updated On : 23 Dec 2020 | 1:33 AM IST

What happens when business tycoons abandon their giant cargo ships

Covid-19 has wrought havoc everywhere, but in the nominally regulated shipping industry it's fueling a worrying practice: the abandonment of ships, cargo and seafarers with no way to get home

What happens when business tycoons abandon their giant cargo ships
Updated On : 18 Dec 2020 | 7:47 AM IST