China’s reopening after the Lunar New Year celebrations, is expected to offer a boost in the freight rate market. In its latest weekly report, shipbroker Xclusiv Shipbrokers said that “as the Lunar New Year was celebrated in China, the dry bulk and tanker markets...

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The ceremonial ‘steel cutting’ was performed for two 7000-ton vessels being built by India’s government-run Cochin Shipyard Limited (CSL), for a German firm.  Steel cutting is the first tangible step of the shipbuilding process, where the...

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On February 1, the Indian government announced its plan to invest in coastal shipping. As per the latest budget allocations, India will follow the public-private partnership or PPP model to enhance passenger and freight movements across the eastern and western...

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Rice export prices from India rose to their highest level since April 2021 this week, aided by firm demand and tight supplies, while elevated rates in Thailand kept buyers at bay. Top exporter India’s 5% broken parboiled variety (RI-INBKN5-P1) was quoted at $393 to...

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Dredging Corporation of India (DCI) signed a historic agreement with Inland Waterways Authority of India (IWAI) today. The deal was inked with the Government of India’s Ministry of Ports, Shipping and Waterways for ‘the Work of Development & Maintenance of...

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