Cargo berths run by port dependent industries for their captive use at state-owned major ports will be allowed to extend their contract beyond the original time frame through a right of first refusal (RoFR) mechanism when such facilities are put to re-tender on...

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An India-Ukraine Chamber of Commerce will be set up in the coming months in an effort to boost business ties, according to persons aware of the matter. With the support of the Ukrainian government, the Chamber will aim to boost possibilities for investment and...

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The Union Minister of Ports, Shipping and Waterways (MoPSW) and AYUSH, Sarbananda Sonowal on 23 April, 2023 inaugurated major infrastructure projects worth more than Rs 148 crore in Chennai, which is geared towards capacity augmentation of Chennai and Kamarajar ports...

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The Baltic Exchange’s main sea freight index climbed up for a third session on Friday, ending the week higher on stronger capesize vessel rates. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, jumped 72 points, or 5%, to...

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Western price caps on Russian exports coincide with steep discounts on Russian crude and diesel — but not because of the caps themselves. There are fewer buyers of Russia’s exports, with the EU, U.S., U.K. and Australia banning cargos altogether and others pulling...

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Bureau Veritas, a world leader in testing, inspection, and certification, has taken a significant step forward in the delivery of digitally optimised machinery maintenance with the launch of a new capability that enables its Machinery Maintenance Application (MMA) to...

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