Hindu Business Line

Minister of Ports, Shipping and Waterways Sarbananda Sonowal held bilateral talks with Panama's Minister of Foreign Affairs, Javier Martinez-Acha Vasquez, to deepen maritime cooperation between the two countries, with both …

Pinning its hopes on the Union Shipping Ministry’s demand aggregation initiative to centralise India’s shipbuilding requirements, Cochin Shipyard Limited (CSL) has submitted bids under the newly floated Bharat Container Shipping …

Cochin Port Authority (CoPA) is unfazed by the rapid rise of Vizhinjam Port as a transshipment hub and is instead focusing on expanding the International Container Transshipment Terminal (ICTT) at …

To further the ease of doing business, Finance Ministry has exempted lease rentals and supplemental lease rentals paid for aircraft and ships to eligible International Financial Services Centre (IFSC) leasing …

India aims to recycle nearly 16,000 ships over the next decade, and the country has announced a financial commitment of $8 billion to support the growth of the shipbuilding and …

Five companies, including global players, have expressed interest in development of the bulk terminals under public-private partnership at Kamarajar Port in North Chennai. This is to augment the port’s dry …

Syama Prasad Mookerjee Port in Kolkata targets handling around 74 million tonnes (MT) of cargo in the current financial year, with daily handling of containers increasing nearly one- and-a-half times. …

India has an opportunity to significantly expand its share of the global maritime workforce as the shipping industry faces a growing shortage of qualified officers, according to the Seafarer Workforce …

A ship was hit by an unidentified projectile in the Strait of Hormuz on Thursday in the first reported attack after an interim US-Iran peace deal, a significant setback to …

Hong Kong-based shipping conglomerate and one of the largest employers of Indian seafarers, Anglo-Eastern is coordinating safety measures though its ‘Global Security Desk’ for safety and security of its seafarers …

India has emerged as the world's top ship-recycling nation, with its share of global ship-recycling increasing to 35.4 per cent in 2025 from 30.1 per cent in 2024, according to …

The reopening of the Strait of Hormuz following an initial peace deal between the US and Iran has brought relief to Indian exporters grappling with high freight rates, war-risk insurance …

India’s ambitions for sustainable maritime growth received an impetus with the sector regulator issuing the first ship recycling credit note. On May 28, the Directorate General of Shipping issued the …

A Guinea-Bissau-flagged asphalt tanker, MV Jalveer, was attacked by the American military off the coast of Oman on Thursday. This marks the third merchant vessel manned by an Indian crew …

The Ministry of External Affairs (MEA) on Wednesday condemned the attack on a commercial vessel off the coast of Oman, saying 21 of the 24 Indian crew members onboard had …

India’s ​shipping ministry said on ‌Monday that a fire ​was reported ⁠on an oil tanker, Marivex, off the coast ‌of Oman with 24 Indian ‌sailors on board, ‌adding that ⁠all …

India’s growing appetite for imported iron ore is giving a boost to India’s global dry bulk shipping market, which is enjoying its strongest first-half performance since 2023. Data compiled by …

Mumbai Port Authority is charting a new course in India’s maritime waters by building a distinct and future-ready ecosystem, says its Chairperson, M Angamuthu. Instead of competing with container-focused Jawaharlal …

You are building a new ship or submarine. Computer simulations can predict how it may behave in water. But simulations alone are not enough. Aircraft manufacturers test their designs in …

Ports handle nearly 80 per cent of global trade by volume and have evolved into far more than just physical gateways for ships and cargo. Modern ports now operate as …

The ancient Tamil adage “Thennai maraththil thel kottinaal, panai maraththil neri kattum” (when a scorpion stings a coconut tree, a swelling appears on a palmyra tree) aptly captures the interconnected …

AYK Energy Ltd, the Andorra-based renewable energy equipment manufacturing company, has completed sea trials for Svitzer Balder, the world’s first battery-methanol harbour tug. Built by Uzmar Shipyard in Türkiye, the …

Global shipping major Maersk has introduced an emergency freight surcharge on cargo to and from the Gulf region, significantly increasing logistics costs as security risks persist around the Strait of …

In India, nearly 95 per cent of trade by volume and 70 per cent by value moves through sea routes, making efficient port governance critical for logistics performance and economic …

The Basmati Rice Farmers and Exporters Development Forum (BFEDF) has criticised the role of shipping lines in dealing with shipments of basmati rice stranded at inland container depots (ICDs), transhipment …

In early April — after a month of disruption around one of the world’s most important energy chokepoints — US President Donald Trump wrote that with “a little ​more time, …

Coastal shipping between Kochi and Gujarat has taken a hit following prolonged disruptions in the ceramic manufacturing hub of Morbi, a key driver of cargo movement along the western coast. …

For over 40 days, staff handling the helpline at the UK-headquartered International Seafarers’ Welfare and Assistance Network (ISWAN) have been fielding anxious calls from marine crew members stranded in the …

The attack on Indian-flagged ships in the Strait of Hormuz has brought renewed focus on the safe passage of Indian commercial vessels and the broader bilateral relationship between New Delhi …

International Air Transport Association Director General Willie Walsh has voiced concerns over potential jet fuel shortages and cancellations in Europe by end -May. “The IEA’s (International Energy Agency) assessment of …

India has approved a ₹12,980 crore ($1.4 billion) guarantee for a maritime insurance pool, a ​minister said on Saturday, as wars and sanctions prompt ‌insurers to withdraw cover, threatening trade …

An Iraq-bound supertanker that aborted a weekend attempt to cross the Strait of Hormuz into the Persian Gulf is now sailing through the waterway, a transit that would make it …

In response to the escalating geopolitical tensions in West Asia, the Directorate General of Shipping (DGS) has issued a comprehensive advisory aimed at safeguarding maritime trade and ensuring operational continuity. …

CV Jens Meier has been the CEO of Germany’s Hamburg Port Authority since 2008. With over 25 years of experience in the port, logistics, finance and IT sectors, the computer …

The Ministry of Ports, Shipping and Waterways (MoPSW) has signed a Plan of Implementation with the Korea International Cooperation Agency (KOICA) to strengthen skill development in India’s shipbuilding and marine …

In a largescale programme involving 50 shipowners, Danish shipping major AP Moller-Maersk is, in close collaboration with the owners, retrofitting around 200 vessels in its time-chartered fleet. The main aim …

A container ship signalling French ownership has exited the Strait of Hormuz, in what appears to be the first known transit by a vessel linked to Western Europe since the …

More than a month into the West Asia crisis triggered by the US–Iran conflict, shipping and trade remain in deep turmoil, marked by extreme volatility and uncertainty. The disruption of …

The Union government has approved the proposal of New Mangalore Port Authority (NMPA) for the redevelopment of berth no. 9 for handling liquid bulk cargo on a public-private partnership (PPP) …

A Greek-owned panamax has become the first bulk carrier to transit the Strait of Hormuz with its Automatic Identification System turned on since March 2. Liberia-flagged, 81,713 dwt Giacometti (IMO: …

The Directorate General of Shipping has extended the validity of crew certificates by three months bringing relief to seafarers who are stuck in the Gulf region. The move will also …

Hapag Lloyd is incurring additional cost of $ 40-50 million per week due to ongoing conflict in West Asia, Rolf Habben Jansen, CEO of Hapag Lloyd said on Thursday. The …

The impact of the ongoing war in West Asia is being felt across the world. Beyond geopolitics and energy markets, the repercussions are being felt in boardrooms, export houses and …

New Mangalore Port Authority (NMPA) has announced several measures to mitigate the hardships faced by port users due to ongoing geopolitical disturbances in West Asia. In a trade notice dated …

The Jawaharlal Nehru Port in Maharashtra has successfully reduced stranded containers to half, even as global shipping dynamics remain affected by the ongoing West Asia war. The progress follows a …

India’s general insurance sector is feeling the heat of the ongoing US-Israel war with Iran, with the conflict spilling over to multiple countries in West Asia. Shipping activity in the …

U.S. President Donald Trump said on Saturday that many countries would send warships to keep the Strait of Hormuz open for shipping, but did not provide details on which countries …

The ongoing West Asia crisis has left nearly 23,000 Indian seafarers stranded across the Gulf region, with hundreds of them on board vessels currently stuck near the Persian Gulf. According …

Maritime platform Lila Global has acquired a very large crude carrier (VLCC), Lila Jamnagar, marking the first instance of a vessel of its kind being structured through the International Financial …

The US-Israeli war on Iran has threatened Gulf ports and disrupted global trade through the Strait of Hormuz through which ​roughly a fifth of the world’s oil and liquefied natural …