Shipping Sector

Western curbs on Russian oil products redraw global shipping map: Analysis

The redrawing of the shipping map underscores the knock-on effects of Western efforts to punish Russia over its invasion of Ukraine last year, adding to fuel supply insecurity and pushing up prices

Green hydrogen pilot to cover steel, transport and shipping sectors

The mission has proposed pilot projects for replacing fossil fuels and fossil fuel-based feedstocks with Green Hydrogen and its derivatives

This SME shipping company's stock is up more than 2,900% over issue price

Knowledge Marine & Engineering Works rallied 11% to hit a new high of Rs 1,129.85 after the company received an additional work order of Rs 16.50 crore from Dredging Corporation of India

GE Shipping hits new high on healthy outlook; zooms 126% thus far in 2022

In the past one month, the stock price of GE Shipping has soared 26% after the company reported an over three-fold jump in its consolidated net profit at Rs 731 crore in Q2FY23.

Stock of this shipping company has zoomed nearly 250% in last four months

On Monday, the board of KMEW approved the allotment of 565,000 equity shares at an issue price of Rs 700 per equity share on a preferential basis to investor Ashish Kacholia and others.

Shipbuilding stocks rally up to 11%; Mazagon, Garden Reach hit new highs

The defence shipbuilding segment continues to look promising on account of ambitious acquisition plan of Indian Navy and Indian Coast Guard.

Govt may invite financial bids for Shipping Corp sale in March quarter

The government is likely to invite financial bids for privatisation of state-owned Shipping Corporation of India (SCI) in the March quarter, an official said. "The demerger of non-core and land assets of Shipping Corporation is at an advanced stage. The process is expected to be over in about three months' time, after which financial bids will be invited," the official told PTI. The financial bids from potential investors are expected in the January-March quarter, the official added. In May, the board of Shipping Corp had approved an updated demerger scheme for hiving off the non-core assets of SCI to Shipping Corporation of India Land and Assets Ltd (SCILAL) including Shipping House, Mumbai and MTI (Maritime Training Institute), Powai to complete the process of de-merging all the non-core assets to the new company SCILAL. As per the balance sheet of SCI, the value of non-core assets held for demerger as of March 31, 2022, stood at Rs 2,392 crore. In March 2021, the government had

Mazagon Dock Shipbuilders hits new high on heavy volumes; up 27% in 2 days

At 10:49 am; MDL traded 12 per cent higher at Rs 396, as compared to 1.4 per cent decline in the S&P BSE Sense

Shipping costs soar as Russian fallout overpowers global fuel flows

The Russian invasion has exacerbated a tightening of energy markets, upending trade flows and forcing buyers to scour the world for alternative fuel supplies

Sagarmala project: Poor planning on container traffic haunting shippers

The lack of emphasis on expanding container traffic is haunting shippers

Why crisis for exporters could turn out to be a boon for shipping industry

Shipping companies counter that their costs have soared as well

Suez Canal steps up efforts to remove blockage, shipping rates surge

CAIRO (Reuters) - The Suez Canal stepped up efforts on Friday to free a stuck mega vessel, after an earlier attempt failed to end a blockage that has lifted shipping rates for fuel tankers and disrupted global supply chains for everything from grains to baby clothes.

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

Maersk delivers first import shipment in Odisha from ICD to Shyam Metalics

With a plan to run a weekly export train providing doorstep pickup and delivery, the company has projections of handling in excess of 4,000 TEUs a year.

Improving ease of doing biz: Govt to identify what's slowing cargo movement

The Central Board of Indirect Taxes and Customs (CBIC), under the Department of Revenue, is carrying out the study

Shipping faces rough seas ahead

As coal imports shrink in India, shipping companies are losing their bargaining power with customers

Major ports' subsidiaries to invest in inland waterways

Sector needs Rs 70,000-80,000 crore for developing 20,000 km of inland waterways

Govt plans transparency in shipping, logistics

Aim is more transparency in the shipping and logistics sectors, among others

Shipping ministry eyes Rs 8,000-crore cumulative profit in FY17: Gadkari

All the 12 ports and three flagship organisations have made a profit of Rs 6,000 crore for the last fiscal, said shipping minister Nitin Gadkari