India is increasing its presence with significant interest in Oman by creating a footprint in the Gulf Cooperation Council and Eastern Africa and this has given Delhi strategic depth in the region. “Oman’s Sea ports and Industrial hubs established along its 1700 kilometers of its sea coast on the Indian Ocean makes it one of.

The third quarter of 2019 saw growth in the global container volumes slip to 1.5% while freight rates declined an average of 3.6% according to AP Moller – Maersk in its Q3 earnings statement. The Danish shipping company said that in the third quarter global container volume growth softened to around 1.5%. “The slowdown is.

With a view to improve the Ease of Doing Business at grass root level enabling reduction in dwell time in exim trade, and to discuss strategic and operational issues currently faced by Customs Broking industry, the office bearers of FFFAI headed by its Chairman, Mr AV Vijaykumar met with Honourable Minister of State (Independent Charge).

India Seatrade, in association with Federation of Indian Export Organisations (FIEO) will organise ‘Karnataka Ports Shipping and Logistics Summit 2019’ in Mangaluru on November 22. The Summit is an effort to bring together the maritime stakeholders across the country to present the potential that exists, to deliberate on the challenges being faced, and to evolve.

RTI activist Asad Patel has filed a complaint against the officials of Shipping Corporation of India (SCI) and JM Baxi and Company, which is one of the biggest firms in the shipping services sector. The complaint was sent to the Shipping Corporation’s Director of Grievances on November 11, accusing the SCI of misappropriation of money.

Intense competition has hit freight rates in the intra-Asian container trades according to longstanding player Regional Container Lines (RCL). Releasing its third quarter results Bangkok-headquartered RCL said that Q3 the average freight rate had fallen by 15% year-on-year and by 7% compared to the previous quarter. “Despite the difficult trade environment, intra-Asia trade demonstrates the.

Maersk Line has announced that its chief operating officer Soren Toft has decided to leave the company. In a surprise statement, the Danish company said that Mr Toft “has decided to pursue an opportunity outside of the company and will leave effective today”. The responsibilities as chief operating officer will in the interim be taken.

India’s Great Eastern Shipping has emerged as the buyer of two 14-year-old, 159,000 dwt suezmaxes, the Cape Bari and the Cape Bastia. The two ships were previously owned by Konig & Cie and fetched a price of $23m each, according to Advanced Shipping & Trading. Chatter about the ships started in July when they were linked to Bob.

The Shipping Ministry is not opposed to strategic divestment of the Shipping Corporation of India (SCI), a top official said. The Shipping Ministry in 2017 had opposed the proposal of the strategic divestment of SCI, but has now agreed to the proposal of the group of secretaries for dilution of stake in the SCI, the official said..