China said on Wednesday that 'blackmail' wouldn't work and that it would hit back if the United States takes further steps hindering trade, as the Trump administration considers slapping a 25 percent tariff on $200 billion worth of Chinese goods…
India's Ministry of Shipping has undertaken a diverse set of initiatives as part of its drive to boost profitability across major Indian ports.One major initiative is to improve the returns earned on treasury investments by the ports for pension…
A supertanker carrying Saudi Arabian crude has turned around near the Bab El-Mandeb strait, days after the world's top exporter said it was suspending all oil shipments through the strait following an attack by Yemen's Iran-aligned Houthi movement on two other ships…
The state-run Korea Ocean Business Corporation (KOBC) said it will offer support to 10 small and medium shipping lines as part of its effort to revive the country's maritime transportation sector.According to a report in Yonhap, KOBC selected…
The government of India has identified 243 projects at a total cost USD 21 billion have been identified for enhancing the infrastructure at Indian ports upto 2035, under Sagarmala Program.Out of these 44 projects (USD 1.25 bln) have been completed…
Saudi Arabia said on Thursday it was suspending oil shipments through the Red Sea after Yemen's Iran-aligned Houthis attacked two crude tankers, underscoring risks caused by the conflict in the world's top oil exporting region.Iran, in its row with the United States over sanctions…
Peel Ports welcomed Maritime Minister Nusrat Ghani MP to its flagship container terminal Liverpool2 on Wednesday as the terminal prepares to welcome its largest regular caller to date when 2M (Maersk and MSC alliance) introduces a new transatlantic container service to the port…
Saudi Arabia said on Thursday it was suspending oil shipments through a strategic Red Sea lane after Yemen's Iran-aligned rebels attacked two tankers in the waterway, underscoring the risk of an escalation in tensions in the region.Brent crude futures rose 59 cents to $74…
The government of South Korea decided to invest 1.35 trillion won (USD 1.2 billion) in Korea Ocean Business Corporation (KOBC). The compnay was created in order to help its shipping industry stand on its feet, especially after the bankruptcy of Hanjin Shipping…
Tighter rules on shipping emissions around China's coastlines from the start of next year is a clear sign the world's No. 2 economy will strive for 100 percent compliance when the global sulphur emissions cap starts in 2020, consultants Wood Mackenzie said on Tuesday…
A consortium of salvage companies have been appointed by the owners of the MV Priscilla, a cargo ship that ran aground off Caithness.The consortium, Multraship/Ardent/Wagenborg, have begun deploying equipment to the site on the Pentland Skerries…
In order to develop waterways from Kakinada to Chenna, detailed hydrographic survey has been completed by the Inland Waterways Authority of India (IWAI) in respect of Kakinada to Ennore stretch of National Waterway-4.Development of National Waterway-4 is planned in three phases…
British ship insurer London P&I Club is setting up a new subsidiary in Cyprus to ensure continued access to trade in the European Union in case Britain loses single market access, the group told Reuters on Friday.Britain dominates the global…
An agreement to jointly construct a new ‘Traders Market’ at DP World’s flagship Jebel Ali Port and Free Zone in Dubai on a total build up area of three million square metres has been signed between the global trade enabler and the Zhejiang China Commodities City Group…
The Inland Waterways Authority of India (IWAI) has set out on a massive public outreach initiative along river Ganga on National Waterway-1 to help push rural economy to connect with waterways.As part of a month long dialogue series extending from Varanasi to Haldia…
