The ongoing second wave of the deadly coronavirus pandemic in India is expected to snowball into a major disruptor for the shipping and logistics industry as several ports globally are shunning ships which have called at any location along the South Asian coastline. Bunkering operations could also come in the ambit of this catastrophic wave.

Exports affected as ‘thousands of damaged containers unusable’; gas key to welding process in repairs The curbs placed on industrial use of oxygen by the Centre to augment availability of medical grade oxygen for hospitals to save lives of critically ill COVID-19 patients, is impacting exporters by exacerbating a shortage of containers. Thousands of damaged.

India has “advised” its seafarers not to sign off from ships on completing their contracts, for one month or till the situation improves, as several nations re-introduce travel curbs in view of the surge in Covid cases in the country. “The spread of coronavirus and the cross-border movement restrictions imposed by these countries has made.

The Baltic Dry Index or BDI, London-based Baltic Alternate’s foremost sea freight index that tracks charges to ship dry bulk commodities, rose essentially the most in over ten years on Wednesday lifting the spirits of dry bulk ship homeowners who’ve been envious of the spectacular experience of container ship homeowners over the past couple of.

US-based Safesea, Megha Engineering and Infrastructure and a consortium led by NRI businessman Ravi Mehrotra have been shortlisted as potential patrons for the federal government of India’s stake in (SCI).The three bidders, who had submitted expressions of curiosity (EoIs) for the ship proprietor on March 1, have certified after assembly technical and monetary standards and receiving safety clearances..

India’s oil imports in March rose from the previous month, buoyed by an upturn in economic activity that could take a knock again because of renewed lockdowns in the world’s third-largest crude importer. Crude imports rose 7.3% from February to 18.26 million tonnes, data on the website of the Petroleum Planning and Analysis Cell (PPAC).

Stevedores engaged in loading and unloading bulk cargo from and onto ships at the Centre-run major ports have called for relief measures including declaration of force majeure and rate stability as the second wave of the coronavirus rips through the country, posing operational challenges in clearing cargo. A force majeure clause absolves firms from meeting.

India’s big new wave of Covid-19 infections has hit the worldwide transport trade, which depends on the nation for seafarers, as crews come down with the illness and ports deny entry to vessels. Ports together with Singapore and Fujairah within the United Arab Emirates have barred ships from altering crew members who’ve lately travelled from.

CMA CGM responded to the needs of its customers for a personalized and unique product during the seasonal export of cashews from Bissau, Guinea-Bissau to India and Vietnam. In addition to its broaden coverage of 31 services calling Sub-Saharan Africa, CMA CGM is pleased to resume the Bijagos Shuttle service, the personalized and unique product.

Shares of shipping companies were in focus at the bourses, on Wednesday, with the stock of Great Eastern (GE) Shipping hitting an over three-year high of Rs 391.80 after rallying 14 per cent on the BSE in intra-day trade. The stock surpassed its previous high of Rs 349.75, touched on Tuesday. It is trading at.