Search For "shipping industry"
U.S. suspends port-entry fees for Hyundai Glovis
Updated : 4 months ago IST
Hyundai Glovis Co., South Korea's largest car carrier, has received a major relief after the United States government decided to suspend its vessel port-entry fee sanctions for one year. The decision spares the company from an annual burden of around 200 billion won (USD 137.2 million), as p
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Indian Register of Shipping (IRS) and Neptunus Partner to Develop India's
Updated : 4 months, 1 week ago IST
Mumbai (Maharashtra) [India], November 7: In a landmark step for India's maritime ecosystem, and a stride toward Atmanirbhar Bharat and Viksit Bharat, Neptunus Power Plant Services Pvt. Ltd. has signed a Memorandum of Understanding (MoU) with the Indian Register of Shipping (IRS) at Maritime
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India Maritime Week: Five MoUs worth over Rs 4,000 cr signed with DP World
Updated : 4 months, 2 weeks ago IST
At India Maritime Week 2025 in Mumbai, five Memorandums of Understanding (MoUs) worth over Rs 4,000 crore were signed by DP World of Saudi Arabia, marking a major step in India's maritime growth journey.
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Amid trade tension, China imposes port fees on US
Updated : 5 months ago IST
The Chinese Ministry, in a statement, outlined a phased escalation for the special port fees on eligible US vessels berthing at Chinese ports, which will initially be 400 yuan ($56) per net ton from Tuesday and increase annually on April 17 for the subsequent three years.
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Union Minister Shri Sonowal Inaugurates India's First Maritime Simulation
Updated : 5 months, 1 week ago IST
Chennai (Tamil Nadu) [India], September 27: Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal, today inaugurated India's first-of-its-kind Maritime Simulation Centre at AMET Knowledge Park, Maersk's Centre of Excellence, Thenpattinam near Chennai. Also present at the ina
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Protecting cargo and ships: Why marine insurance matters
Updated : 9 months ago IST
New Delhi [India], June 13: The shipping industry is the backbone of global trade, ensuring that goods move efficiently across borders. Every year, trillions of dollars' worth of cargo travel via sea routes. However, this industry comes with significant risks--natural disasters, piracy, carg
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India will be among top five in shipping industry in 25 years: Union Minis
Updated : 1 year, 7 months ago IST
Union Minister Sarbananda Sonowal on Tuesday hailed the Union Budget, saying it has provisions to boost shipping and give filip to cruise tourism
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Biden says he'll urge US trade representative to consider tripling of tari
Updated : 1 year, 11 months ago IST
US President Joe Biden said on Wednesday that he would urge US Trade Representative Katherine Tai to consider tripling the tariff rates for steel and aluminium imports from China if the investigation into the Chinese government's trade practices confirms 'anti-competitive practices.'
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Samudra Group Expands Portfolio with Acquisition of Raw & Ruckus
Updated : 2 years ago IST
Mumbai (Maharashtra) [India], February 27: Samudra Group, a distinguished player in the shipping industry, has announced the acquisition of Raw & Ruckus, a Mumbai-based hydroponic farming company. This strategic move marks a significant step forward for Samudra Group as it diversifies it
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Association demands financing policy for coastal shipping industry in budg
Updated : 2 years, 1 month ago IST
Indian Coastal Conference Shipping Association Vice President Atul Vithal Jadhav has demanded that the Union government should come up with a "financing policy" for the coastal shipping industry in the interim budget in 2024.
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The Day of the Seafarer by Capt Bjorn Hojgaard, CEO, Anglo-Eastern Univan
Updated : 2 years, 8 months ago IST
Kolkata (West Bengal) [India], June 23: The Day of the Seafarer celebrated on 25 June every year is an important occasion to recognize and appreciate the indispensable contributions of seafarers worldwide. These courageous individuals play a vital role in global trade, ensuring the smooth op
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Synergy Marine Group's crew welfare record and policies acknowledged by Sh
Updated : 2 years, 8 months ago IST
Mumbai (Maharashtra) [India], June 21: The shipping industry has recognised the outstanding crew welfare policies and processes in Synergy Group's managed bulk carrier fleet.
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