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Maritime
Tanker Collision on Mississippi River Near New Orleans Leads to Barge Sinking
A collision between a tanker and a towboat occurred on the Mississippi River near New Orleans on Sunday night, resulting in the sinking of one barge and the drifting of six others. The towboat, Ginny Rose, was navigating challenging river conditions when it reversed course an...
Maritime
The ship charter market - APRIL 30. 2025
Charter rates for dry bulk vessels showed varied trends across different regions and vessel types on April 30, 2025. Handymax vessels reported rates ranging from $5,500 (Morocco to Argentina) up to $18,500 (Argentina to Peru), with many trades between Brazil, the US Gulf, and Asia fluctuating ...
Maritime
Ship Charter Rates – 29 April 2025
Handysize vessels saw varied charter rates, with fixtures such as Continent to ECSA at $6,500, Continent to ECNA at $9,000, and ECSA to Continent at $15,000. US Gulf to Continent was fixed at $10,500, while South East Asia to China routes were around $10,000. Brazilian routes ranged between $1...
Port Terminal Services
Deendayal Port Achieves Milestone with Successful Berthing of Cape Vessel M.V. Golden Barnet
Deendayal Port Authority (DPA) in Kandla has set a new benchmark by successfully berthing the Cape vessel M.V. Golden Barnet at Cargo Jetty No. 6, marking the first such operation in four years. The vessel, measuring 292 meters in length and carrying a substantial 96,587 MT o...
Maritime
The ship charter market - APRIL 28. 2025
28-April-2025 Daily Updated Ship Charter Rates: Handy rates showed varied movements, with routes like Continent to ECSA fixing around $6,500, US Gulf to Continent around $10,500, and Brazil to Italy near $10,500. Southeast Asia and North Asia lane...
Port Terminal Services
Deendayal Port Authority Surpasses 10 Million Metric Tonnes in Cargo Handling
Deendayal Port Authority (DPA) in Kandla has reached a significant achievement by surpassing the 10 million Metric Tonnes (MMT) cargo handling milestone as of April 25, 2025, accomplishing this feat two days earlier than the previous year. This success underscores DPA's opera...
Maritime
Vadhavan Port Secures ₹57 Billion in Key Agreements for Development
Vadhavan Port, located in Maharashtra's Palghar district, has secured significant agreements totaling ₹57 billion for its upcoming facility. These agreements, finalized in the presence of Union Shipping Minister Sarbananda Sonowal and Minister of State Shantanu Thakur, includ...
Maritime
Daily Updated Ship Charter Rates - 26 April 2025:
Handysize charter rates saw steady fixtures, with ships opening from the Continent to ECSA around $6,500 and to ECNA around $9,000. ECSA to Continent fixed at $14,500, while USG and NCSA to Continent were around $10,500. SEA to China, Indonesia to Japan-Korea, and North China to SEA hovered at...
Maritime
Drewry Predicts 1 Percent Decline in Global Container Port Volumes Due to U.S. Trade Policies
Maritime consultancy Drewry has projected a 1 percent decline in global container port volumes due to U.S. trade policies, marking the third drop in demand since 1979. The report highlights the impact of tariffs imposed by the Trump administration, which could lead to a 40 pe...
Maritime
BYD Unveils World's Largest Car Carrier, BYD Shenzhen, Ahead of Maiden Voyage to Brazil
Chinese electric vehicle manufacturer BYD, in collaboration with shipbuilder China Merchants, has unveiled the world's largest capacity car carrier, the BYD Shenzhen, during a naming ceremony in Yizheng, China. This state-of-the-art vessel, designed by Deltamarin, boasts a ca...
Port Terminal Services
Indian Government Enhances Logistics Sector Regulations to Boost Investment
The Indian government is actively working to streamline regulations in the logistics sector to improve the business environment and attract increased investment. During a recent event, Pankaj Kumar, joint secretary of the Department for Promotion of Industry and Internal Trad...
Maritime
The ship charter market - APRIL 25. 2025
On 25 April 2025, Handy charter rates showed varied trends across global routes. Rates ranged from $5,500 (Morocco to Argentina) to $17,000 (Brazil to UAE), with major routes like ECSA to Continent at $14,500 and US Gulf to Continent around $10,500. Supramax rates remained stable, with key routes...
Air Logistics
Navi Mumbai International Airport Set to Revolutionize Connectivity with Inter-Modal Transport Links
The Navi Mumbai International Airport (NMIA) is set to become India's first airport with inter-modal connectivity, scheduled to commence operations in mid-2025. Located in Panvel, NMIA will feature extensive transport links, including highways, metro, suburban rail, monorails...
Maritime
Udupi Cochin Shipyard Delivers First Eco-Friendly Vessel to Norway’s Wilson Ship Management
Udupi Cochin Shipyard Limited (UCSL), a subsidiary of Cochin Shipyard Limited, has successfully delivered the Wilson Eco 1, the first of six eco-friendly dry cargo vessels, to Norway’s Wilson Ship Management AS. This significant milestone in India’s green maritime export sect...
Maritime
The ship charter market - APRIL 24. 2025
The ship charter market on 24 April 2025 saw varied rates across vessel types and routes. Handy vessels recorded rates ranging from $5,500 to $17,000 depending on trade routes, with Brazil to UAE hitting the peak and Morocco to Argentina at the ...
Maritime
Trump Administration Exempts U.S. Exporters from Port Fees on Chinese-Built Ships
The Trump administration has announced a new policy to exempt domestic exporters and vessel owners operating in the Great Lakes, Caribbean, and U.S. territories from port fees on Chinese-built ships, aiming to bolster U.S. shipbuilding. The revised Federal Register notice sig...
Maritime
The ship charter market - APRIL 23. 2025
On 23 April 2025, Handy vessels reported varied charter rates across global routes. Rates ranged from $5,500 on the Morocco–Argentina route to as high as $14,500 from Argentina to Ecuador. Other notable routes included ECSA to Continent at $14,000, US Gulf to Continent at $10,500, and Brazil t...
Maritime
Injured Crew Members Evacuated from Offshore Vessel After Collision with Wind Turbine
The Royal Dutch Sea Rescue Society has successfully evacuated two injured crew members from the offshore standby safety vessel Glomar Venture, which collided with the base of an offshore wind turbine in the North Sea. The incident occurred approximately 15 miles from Callants...
Maritime
The ship charter market - APRIL 22. 2025
As of April 22, 2025, Handy vessels show varied rates based on routes, with East Coast South America (ECSA) to Continent at $14,000 and Brazil to Nigeria at $13,000, while more economical rates include Morocco to Argentina at $5,500. Supramax rates range from $9,000 (Continent to US Gulf) to $...
Land Logistics
Kundevahal Tunnel Breakthrough Marks Key Milestone for Western Dedicated Freight Corridor
The Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) has reached a significant milestone with the breakthrough of the Kundevahal Tunnel in Panvel, facilitating the completion of the final 102.90 km section of the Western Dedicated Freight Corridor (WDFC) connectin...
