Page 5 - Shipping Industry

This IITian is turning traditional shipping on its head with automation

Soham Chokshi's Shipsy is disrupting the offline shipping space with its SaaS workflow management platform

Amazon's Jeff Bezos called upon to save thousands of stranded seafarers

Industry bodies including the International Chamber of Shipping wrote an open letter urging Bezos to exert pressure on the incoming Biden administration and other leaders

World's biggest shipper A.P. Moller-Maersk remains wary of pandemic

Global demand for containers is expected to contract by 4-5% this year due to Covid-19

Major ports' cargo traffic falls for 7th month in Oct; 12% drop in Apr-Oct

In the wake of the COVID-19 outbreak, sharp declines were witnessed in handling of containers, coal and POL (petroleum, oil and lubricant) among other commodities

Icra outlook on ports negative for FY21 despite signs of recovery in July

General cargo throughput may witness 6-8% contraction in FY21; container segment decline by 12-15% during same period

Govt relaxes tariffs, port charges for vessels to boost cruise industry

The Ministry said in a statement that it has rationalised tariff rates for cruise vessels plying on the rivers and oceanic waters of India

Govt taking multiple steps to reduce high logistics cost: Minister

The government has initiated multiple steps to reduce high logistics cost, including strengthening inland waterways, Shipping Minister Mansukh Mandaviya said on Tuesday

Make in India: Govt invites global vessel owners to register ships in India

Shipping Minister Mansukh Mandaviya has reviewed the readiness of Indian shipping for implementation of the government's Cargo Transportation Policy, the statement said

Kolkata Port Trust registers 13 Covid-19 cases, including three staffers

Port has been holding video conferences with unions, discussing steps taken to contain Covid-19

Container vessel idling at 1-yr high as Covid-19 pandemic sinks sailing

The highest sailing cancellation since the Covid-19 outbreak was in February, registering a spike of 105 cancellations across Trans-Pacific, Asia-Europe, and the Mediterranean trades.

Post-import expenses excluded for determining Customs value: Expert

The charges for erection and training will not be included in the assessable value of the imported goods

Lockdown: Metal scrap importers risk losing Rs 80,000 cr to shipping lines

Industry sources said that over 250,000 containers are stranded at Indian ports on account of the complete lockdown enforced to check the spread of Covid-19 pandemic

Hope shipping rules extended to minor ports

Some shipping lines or their agents did not feel bound by the advisories, leading to complaints from the importers and exporters

Recycling units to lose Rs 22,000 cr as demurrage and detention costs soar

Shipping lines and container freight stations ignore official directives calling for a waiver on these charges

Better to file bill of entry before arrival of vessel, say expert

It is always desirable to file the bill of entry well before arrival of the vessel and get the assessment through

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

Only consumer goods may see green shoots amid coronavirus pandemic

The Covid-19 impact on various sectors of the Indian economy would depend on the longevity of the outbreak and the lockdown. Except for essentials in the consumer goods, most sectors would be impacted

As global gas prices crash, traders turn ships into floating storage

But while crude can sit for months or even years in a tank, super-chilled LNG tends to evaporate even in the specialised vessels that handle it.

Coronavirus pandemic adds a major blow to struggling shipping industry

The pandemic adds a major blow to an industry reeling from a toxic combination of geopolitical tensions, trade restrictions and natural disasters in 2019

Covid-19: Icra outlook on bulk, container, offshore negative in near term

Tanker freights see upside as falling oil prices come to rescue