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Shipping

Shipping firms take first steps towards Red Sea return

Shipping firms take first steps towards Red Sea return

Wed, Dec 27, 2023

German container shipping group Hapag-Lloyd (HLAG.DE) will decide on Wednesday whether to resume journeys through the Red Sea, a spokesperson said.

Eye on Shipping Stocks: Exploring the Rapid Rise of the Baltic Dry Index | SCI, Cochin Shipyard

Eye on Shipping Stocks: Exploring the Rapid Rise of the Baltic Dry Index | SCI, Cochin Shipyard

Thu, Sep 28, 2023

Why the rise in Baltic Dry Index? Why should you keep an eye on Shipping stocks? What will be the impact of Festival Season on Shipping? Which stocks are in action?

Panama Canal Issues Trigger Spike in Spot Market Rates

Panama Canal Issues Trigger Spike in Spot Market Rates

Tue, Aug 22, 2023

Spot prices rise due to problems in Panama Canal, spot freight increases due to cancellation of about 11% scheduled sailings, Baltic Dry Index also shows rise, why SCI and GE shipping are in focus today? Know in this video

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Strong results from ShippingShares

Strong results from ShippingShares

Thu, Aug 17, 2023

ShippingShares Strong Results, Shipping stocks rally in last 1 week after strong results, Where did the rally in shipping stocks come from? Know full details in this video

Seacoast Shipping Services set to resume agreement with Dubai’s Maria Shipping

Seacoast Shipping Services set to resume agreement with Dubai’s Maria Shipping

Mon, Aug 07, 2023

The agreement is expected to add Rs 100 crore to the Ahmedabad-headquartered single-window logistics provider’s annual revenues.

Seacoast Shipping Q1 PAT jumps over 65%, announces rights issue

Seacoast Shipping Q1 PAT jumps over 65%, announces rights issue

Thu, Jul 20, 2023

Ahmedabad-headquartered Seacoast Shipping Services Limited, a leading single-window logistics services provider, reported excellent numbers for the first quarter of financial year 2023-24 with its Profit After Tax (PAT) surging by 65% on a year-on-year basis and by 80% on a quarter-on-quarter bas

Seacoast Shipping Service Limited announces Rights Issue to raise Rs 49 crore; July 13 set as Record Date

Seacoast Shipping Service Limited announces Rights Issue to raise Rs 49 crore; July 13 set as Record Date

Tue, Jul 11, 2023

Seacoast Shipping Services Limited has announced that it is undertaking a Right Issue of equity shares to raise capital and strengthen its financial position.

Net zero target for shipping industry could be set to 'flexible' mid-century deadline

Net zero target for shipping industry could be set to 'flexible' mid-century deadline

Wed, Jul 05, 2023

The shipping industry's carbon neutral deadline could be reset to a flexible 'mid-century' deadline considering the national circumstances, a relaxation from the strict 2050 goal that was actively deliberated among the member states of the International Maritime Organisation (IMO).

Hike in fares of shipping containers: Know the reasons behind it and impact on exporters

Hike in fares of shipping containers: Know the reasons behind it and impact on exporters

Fri, Sep 03, 2021

The Covid-19 pandemic has badly affected the economy of the world including India, and import-export is one of the most affected sectors.

Cabinet okays scheme to provide Rs 1,624 cr over 5 yrs as subsidy to Indian shipping companies

Cabinet okays scheme to provide Rs 1,624 cr over 5 yrs as subsidy to Indian shipping companies

Wed, Jul 14, 2021

The Union Cabinet has approved a scheme to provide Rs 1,624 crore over five years as subsidy to Indian shipping companies. According to the statement, registration shall be done online within 72 hours like the world's best ships registries and this will make it easy and attractive to register ships in India and thereby aid in boosting the Indian tonnage.

Coastal Shipping Bill: From Cabinet nod to boost for cargo movement, all you need to know

Coastal Shipping Bill: From Cabinet nod to boost for cargo movement, all you need to know

Sun, Nov 15, 2020

The Coastal Shipping Bill, 2020, which proposes to do away with the requirement of trading licence for Indian flag vessels for coastal trade besides creating a competitive environment to reduce transportation costs, has been circulated for inter-ministerial consultation.

Investment in 17 entities under shipping ministry hiked to Rs 5,778 cr for FY'20

Investment in 17 entities under shipping ministry hiked to Rs 5,778 cr for FY'20

Sun, Feb 03, 2019

Blue economy refers to sustainable use of marine resources for economic growth, improved livelihoods and jobs while preserving the health of marine ecosystem.

Amazon to pay $1.2 million in settlement over pesticide sales, US says

Amazon to pay $1.2 million in settlement over pesticide sales, US says

Fri, Feb 16, 2018

Amazon`s violations were for selling and distributing imported pesticide and insecticide products that had been not licensed for sale in the United States, the EPA said.

India secures release of commercial sailing crew from Nigeria

India secures release of commercial sailing crew from Nigeria

Sat, Dec 30, 2017

India on Friday secured the released of four members of a shipping crew who were detained by Nigerian authorities in August.

Exports body hails govt decision for exemption of bank guarantee

Exports body hails govt decision for exemption of bank guarantee

Sat, Sep 30, 2017

FIEO in a statement said micro and small exporters will be immensely benefited from this decision as they were struggling to get bank guarantee

Dredging Corp rises 12% as Govt looks to sell majority stake

Dredging Corp rises 12% as Govt looks to sell majority stake

Mon, Mar 06, 2017

Shares of Dredging Corporation of India (DCI) soared over 12% touching 52-week high on Monday morning as Government looked to sell its majority stake in the company. At 0947 hours, shares of Dredging Corp were trading at Rs 493.50 per piece on BSE, above Rs 48 or 10.77%.

India Inc positive on expanding trade, investment biz opportunities with Indian Ocean Rim Association: Ficci survey

India Inc positive on expanding trade, investment biz opportunities with Indian Ocean Rim Association: Ficci survey

Thu, Mar 02, 2017

Ficci in its latest survey has said that Indian industry is positive on expanding its trade and investment business opportunities with Indian Ocean Rim Association (IORA).

Reliance Group bags Rs 916 crore contract from Indian Coast Guard

Reliance Group bags Rs 916 crore contract from Indian Coast Guard

Mon, Jan 30, 2017

Industrialist Anil Ambani-led Reliance Defence and Engineering on Monday said it has signed a contract with the Ministry of Defence for the design and construction of 14 Fast Patrol Vessels for the Indian Coast Guard valued at Rs 916 crore, the company said on Monday.

IPRCL to enhance port connectivity,integrate with rail network

IPRCL to enhance port connectivity,integrate with rail network

Thu, Dec 22, 2016

Indian Port Rail Corporation Ltd (IPRCL) is looking at enhancing port connectivity and evacuation while paving the way for seamless integration of port railway system with the Indian Railways network, government said today.

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