News Flash

Majority of unused land with Major Ports to be used for industrialisation : Mansukh Mandaviya

To propel port-led development, the Government will ensure industries are set up on a chunk of the 1.10 lakh hectares...
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VLCCs: Market Firms Up During the Week

VLCC Rates firmed this week across the board in this sector. In the Middle East Gulf, 280,000mt to USG via...
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Alang shipbreaking yard introduces ‘vessel isolation’ for crew

After a crew member tested positive for Covid-19 at Alang about 10 days ago, Gujarat government has changed the Standard...
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Indian Thermal coal imports at major ports decline 35 per cent to 17.71 MT in April-June: IPA

Thermal coal imports at India’s 12 major ports dropped 34.70 per cent to 17.71 million tonnes (MT) in the first...
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Western Railways introduces plethora of incentives to increase its freight loading

Western Railway has introduced various incentive schemes of Ministry of Railways, to boost the economic growth of the country by...
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Shipping Ministry issues draft “Aids to Navigation Bill 2020” for public consultation

In accordance with Prime Minister Shri Narendra Modi’s vision for augmenting people’s participation and transparency in the governance, Ministry of...
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Shipping Minister urges industry players to develop self-sufficiency in critical products manufacturing

Union Shipping Minister Mansukh Mandaviya recently exhorted domestic companies to step up manufacturing of critical products like cranes for cargo...
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India’s Reliance to load Venezuelan oil cargo under fuel swap deal: Sources

India’s Reliance will load its first cargo of Venezuelan crude in three months this week in exchange for diesel under...
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IEA: Casting a shadow on Strong Oil Demand Growth

The IEA Oil Market Report (OMR) is one of the world’s most authoritative and timely sources of data, forecasts and...
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Port of Rotterdam to start trial with PIN-free container handling

This week, various parties in Rotterdam will be launching a new pilot project, in which containers are handled and released...
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Governments pledge action for seafarers at crucial crew change summit

IMO Secretary-General Kitack Lim has welcomed the commitment of 13 countries to facilitate crew changes and achieve key worker designation...
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Drop in petroleum demand led to rise in crude oil inventories and low refinery utilization

The U.S. Energy Information Administration’s (EIA) latest Petroleum Supply Monthly shows the significant changes in petroleum markets that occurred in...
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Global oil markets are getting what they need from OPEC+

Headlines are currently screaming at readers: “Oil markets starved of essential Russian and Saudi barrels.” And yet, only a few...
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Cargo volume at Major Ports dips 20% in April-June Quarter

Cargo handled by the country’s major ports declined by 19.68 per cent to 141.92 million tonnes (MT) in the first...
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Port of Antwerp sees first sign of recovery amid Covid Pandemic

Though the Port of Antwerp has reported a 4.9% drop in the total throughput of goods for the first half...
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At 42.7 mn, June e-way bills close to pre-Covid days

More than 42.7 million e-way bills were generated in June with a total value of 12.4 lakh crore, higher than...
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Mansukh Mandaviya calls for developing lighthouse tourism opportunities in India

Union Minister of State(I/C) for Shipping Shri Mansukh Mandaviya held a high level meeting, for developing around 194 existing lighthouses across...
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Deendayal Port to develop 3 new Oil Jetties : Chairman

The Deendayal Port Trust (DPT) will develop three new oil jetties at a cost of over Rs 550 crore, which...
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MSC Continues To Invest In Decarbonising Shipping

MSC Mediterranean Shipping Company, a global leader in shipping and logistics, is heavily investing in its fleet and low-carbon technology...
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New Shipping Service between Kolkata Port & Chattogram begins

In a significant stride to augment Indo-Bangla trade, Syama Prasad Mookerjee Port (SMP), erstwhile Kolkata Port Trust, recently started a...
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