Shipping
CMA CGM to invest $1.6 bn in energy transition fund
26 Feb 2024
Shipping giant CMA CGM has proposed to invest $1.6 billion (Euro 1.5 billion) over five years to create an energy fund to support its planned transition to a zero emission company.
MSME shipyard in Thane builds missile barges for Indian Navy
25 Jan 2024
Indian Navy on Wednesday took delivery of the first Ammunition-cum-Torpedo-cum-Missile (ACTCM) barge of the LSAM series (LSAM 19) built by Thane, Maharashtra-based private shipyard Suryadipta Projects Pvt Ltd.
Hapag Lloyd hikes dry cargo rates from Canada to India, Middle East to $150/TEU
22 Jan 2024
German shipping group Hapag Lloyd has announced a general rate increase (GRI) from Canada West Coast to Middle East and the Indian subcontinent for dry cargo transported in 20TEU and 40 TEU containers
French shipping giant CMA CGM to acquire UK logistics firm Wincanton for $700 million
21 Jan 2024
French shipping company CMA CGM has agreed to buy British logistics firm Wincanton for about $700 million in cash that will add warehousing management and grocery to the Marseille-based group's business portfolio.
India to invest over Rs45,000 cr to develop inland cruise tourism
09 Jan 2024
The Inland Waterways Development Council, which held its first meeting in Kolkata, on Monday, committed Rs45,000 crore for the development of River Cruise Tourism in India over the next 23 years ending 2047.
Gail and Vitol sign 10-year LNG supply contract
08 Jan 2024
Gail (India) Limited and Vitol Asia Pte Ltd on Friday announced the signing of a long term LNG supply contract, under which the Switzerland-based Dutch trading company will supply a million tonnes of LNG
COSCO halts shipments to Israel amid Red Sea disruptions
08 Jan 2024
In a recent development, Chinese shipping giant COSCO has decided to suspend its crucial shipping services to Israel, according to a report by the Israel financial news website, Globes, on Sunday, 7 January 2024.
Freight rates soar as shipping companies skip Red Sea lanes
07 Jan 2024
Shipping rates between Asia and the West have soared on reduced freight capacity as shipping companies change route amidst rising attacks on merchant ships in the Red Sea region.
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Denmark's Maersk considers route options following an attack on a vessel
02 Jan 2024
Denmark’s shipping giant, Maersk, is set to decide on Tuesday, 2 January 2024, regarding the navigation of its vessels through the Suez Canal via the Red Sea.
India-bound merchant ship hit by drone strike In Arabian Sea
26 Dec 2023
An India-bound merchant ship was hit by a drone strike that caused an explosion and fire on the vessel in the Arabian Sea, off the Veraval cost, on Saturday. No casualties have been reported.
Govt to provide financial incentives to local shipbuilders
17 Dec 2023
The government has introduced a scheme to offer financial assistance for Indian shipyards for securing orders from domestic as well as overseas markets and to remain competitive in the market, union minister for ports, shipping and waterways, Sarbananda Sonowal informed the Lok Sabha in a written reply on Friday.
JSW gets mandate to develop Keni Port in Karnatakai
18 Nov 2023
The Rs4,119-crore Keni Port, which is designed to handle cape-size vessels, will have an initial capacity of 30 million tonnes and serve exporters in the North Karnataka region
The US pledges a $553 million investment in the Adani-owned Sri Lanka port to curb Chinese Influence
08 Nov 2023
In a strategic move aimed at countering China's influence in South Asia, the United States has pledged a substantial $553 million in financing for the development of a port terminal in Sri Lanka's capital, Colombo.
Canada's Davie acquires Russian-owned Helsinki Shipyard
03 Nov 2023
Davie said it used a combination of own funds and a €77 million ($110 million) financing from the Québec government for completing the transaction
IFSC panel roots for competitive ship leasing facility in India
06 Dec 2021
India has a merchant fleet of 1,491 seagoing ships with total capacity of 13 million GT and ranks 18th in terms of flag of registration by dead weight tonnage and 19th by carrying capacity, but accounts for just about 1.3 per cent of the total global dead weight tonnage
Yara launches world’s first fully emission-free container ship
22 Nov 2021
The fully electric and self-propelled container ship will cut 1,000 tonnes of CO2 and replace 40,000 trips by diesel-powered trucks a year
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
