shipping

Seoul, April 11 – The government announced on Saturday that cash assistance for the bottom 70% of income earners will begin being rolled out later this month, as part of efforts to ease the financial strain caused by rising oil prices.The aid will first reach the most vulnerable within that...

New Delhi, April 10 – Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal said on Friday that nearly 90 per cent of the backlog cargo at major ports has been cleared, following swift intervention and continuous monitoring by the government amid disruptions in the Strait of...

New Delhi, April 10 The commerce ministry on Friday said it will set up a weekly monitoring mechanism to track export-import trends and sectoral stress indicators, amid concerns that supply chain disruptions, logistical constraints, and rising input costs due to geopolitical tensions could...

New Delhi, April 6 Two more Indian-flagged LPG tankers have safely crossed the war-affected Strait of Hormuz and are headed for Indian ports, even as 16 other vessels remain stranded in the Persian Gulf, officials said Monday.The LPG vessel Green Sanvi, carrying 46,650 tonnes of LPG, is...

New Delhi, April 5 – An Indian-flagged vessel, the Green Asha, has safely crossed the Strait of Hormuz, marking the ninth Indian tanker to transit the crucial maritime corridor since the onset of the ongoing West Asia conflict.The development comes even as tensions remain high and security...

New Delhi, April 4 – An LPG tanker bound for India has begun its journey through the strategically important Strait of Hormuz, offering some relief to concerns about energy supplies amid the ongoing conflict in West Asia.The vessel, Green Salvi, is carrying over 46,000 metric tonnes of...

New Delhi, March 30 As many as 19 ships carrying LPG, crude oil, and LNG destined for India are currently stranded in the Strait of Hormuz due to the escalating conflict in West Asia.At an inter-ministerial briefing on the fallout of developments in West Asia, Rajesh Kumar Sinha, Special...

Two Indian-Flagged LPG Carriers Head Towards Mumbai and New Mangalore New Delhi, March 29 Two Indian-flagged LPG tankers carrying nearly a day’s supply of cooking gas have successfully navigated the conflict-affected Strait of Hormuz and are now en route to India, according to an official...

India’s First Port of Refuge Operationalized by Adani Ports to Strengthen Maritime Safety Ahmedabad, March 27 – Adani Ports and Special Economic Zone Ltd (APSEZ) announced the operationalization of India’s first Port of Refuge (PoR), filling a critical gap in maritime emergency infrastructure...

Mumbai, January 26 The country's premier container port, Jawaharlal Nehru Port, announced on Thursday that its overall cargo traffic reached a record 100 million metric tons in the current financial year, in addition to container traffic exceeding 8 million TEUs (Twenty-foot Equivalent Units) in...

New Delhi, March 26. Flight operations from the Middle East to India are improving as more flights arrive from the war-affected region.Around 80 flights were expected to arrive from various airports in the UAE on Thursday, as airlines are operating a limited number of non-scheduled flights...

Indian LPG Carriers Pine Gas and Jag Vasant Safely Transit Strait of Hormuz Amid Regional Tensions Vessels Carrying Over 92,000 Metric Tonnes of LPG Headed to Indian Ports New Delhi, March 24: The government confirmed that two Indian LPG carriers, Pine Gas and Jag Vasant, have successfully...

New Delhi, March 23 Two more Indian-flagged LPG tankers, carrying approximately a day's supply of the country's cooking gas, have safely navigated through the war-hit Strait of Hormuz and are expected to reach Indian shores within the next two days.The LPG tankers, Pine Gas and Jag Vasant...

New Delhi, March 23 The government on Monday restored full benefits under the RoDTEP scheme to exporters amidst the ongoing West Asia crisis disrupting global trade.Last month, the government halved the rate of duty benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP)...

Two More Indian LPG Tankers Transit Strait of Hormuz New Delhi, March 23 – Two Indian-flagged LPG tankers, Pine Gas and Jag Vasant, have resumed their journeys from the Persian Gulf, ship tracking data indicates. The vessels are expected to cross the war-affected Strait of Hormuz before heading...

New Delhi, March 22 — Amid ongoing global supply chain disruptions, a large cargo ship carrying liquefied petroleum gas (LPG) from the U.S. has safely arrived at Mangalore Port.The Pyxis Pioneer, transporting LPG from Texas, successfully docked at the port. Prior to this, another vessel...

LPG Carrier Nanda Devi Reaches Vadinar Port Amid Strait of Hormuz Tensions Second LPG Shipment Safely Arrives in Gujarat India’s second liquefied petroleum gas carrier, Nanda Devi, reached Vadinar port in Gujarat on March 17, carrying 46,500 metric tonnes of LPG after successfully navigating the...

Indian LPG Tankers Shivalik and Nanda Devi Safely Exit Strait of Hormuz Amid Middle East Tensions Indian-Flagged LPG Vessels Cross Key Energy Shipping Route New Delhi, March 14: Two Indian-flagged liquefied petroleum gas tankers have safely crossed the strategically vital Strait of Hormuz after...

Oil Tankers Attacked in Iraqi Waters, Operations at Oil Terminals Suspended Iraq Halts Oil Terminal Operations After Maritime Attacks Iraq has suspended operations at its oil terminals after two oil tankers were attacked in the country’s territorial waters, according to the State Organization...

US Stocks Slide as Oil Prices Surge 13% Amid Escalating Middle East Conflict Global financial markets are witnessing sharp volatility as escalating tensions in the Middle East trigger a surge in crude oil prices, a stronger US dollar, and a broad retreat from risk assets.Wall Street Futures...