The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, posted its biggest single-day gain since mid-March on Thursday, steered by higher shipping rates for all vessel segments. The overall index, which factors in rates...

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Activity was rather increased this past week, both in the newbuilding, as well as the S&P markets. In its latest weekly report, shipbroker Banchero Costa said that “in the dry market Chinese owners Shandong Shipping placed an order 10 x Kamsarmax at Jiangsu New...

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FESCO, one of the largest private transport and logistics companies in Russia, has announced that it has signed an agreement with an Indian logistics group to develop maritime transportation between the two countries. The corresponding agreement of intent was signed...

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India has made headlines recently as the UN estimated that it may overtake China as the world’s most populous country by mid-year. The data, though not based on solid national census, prompted Western media to hype claims that India’s economy will also overtake China...

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The logistics industry of Goa has urged the Mormugao Ports Authority (MPA) to update its infrastructure in order to ensure seamless movement of cargo, reported TOI. The delegation led by Goa Chamber of Commerce and Indian Industry (GCCI) and Confederation of Indian...

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