Containers

The shipping industry has long sought that the ministry of ports, shipping and waterways' (MoPSW) capital subsidy scheme – Shipbuilding Financial Assistance Policy (SBFAP) – be extended for shipbuilding by another 10 years under Amritkaal Maritime Vision 2047.

IMEEC can mark a new dawn for Indo-European civilisational history

Romantic notions of the ancient Silk Route connecting China to Europe have given much currency to the Belt and Road Initiative. In similar fashion, the India-Middle-East-Europe-Economic-Corridor, if studied effectively by nonpartisan historians, can revive lost legacies of Indian civilisation including that of Greco-Roman-Indian trade, and can have a profound impact on India’s future

Freight market pendulum swings back toward normal

The shipping industry is showing signs of bottoming, but the COVID bonanza is long gone

The shipping industry is sending SOS signals 

A falling BDI indicates lower demand for ships to transport goods, mainly dry bulk such as coal, iron ore, cement, fertilisers. These are mainly raw materials for finished goods indicating a slowing growth for the global economy

Supply chain disruptions worry Indian EXIM industry once again, as COVID-19 cases surge in China

Rising number of COVID-19 cases in China has also affected the availability of workforce at major ports in that country.

Indian Railways receives 297 proposals under 'StartUps for Railways' initiative

Railways officials said that the Railway Board will study the proposals that have come in and shortlist the startups whose solutions seem viable by the end of the year.

Railways to invest Rs 50 crore in startups annually

As part of the new policy, the government will provide a grant of up to Rs 1.5 crore, to selected startups, on an equal sharing basis with the provision of milestone-wise payment.

Exclusive | Govt considering express approval for export of 1.1 mn tonnes of wheat stuck at ports

Since India banned private wheat exports on May 13, exporters have been using a registration process to apply for shipping out wheat that has already received Letters of Credit. Nearly 1.1 million tonnes of such stock currently await scrutiny at ports, and run the risk of being destroyed by monsoon rains in just a week from now.

Any port in a storm: India may benefit from Sri Lanka’s problems

The government expects trouble at Colombo port to push traffic at Indian ports by around 50,000 TEUs in April-June.

Container crunch — Crisis can be a big opportunity

India needs to follow a two-pronged strategy to moderate freight cost and turn the country into a box manufacturing hub

Why Indian shipping companies are not invited to the party

An Indian investor will have to watch the container shipping rally from the sidelines or play it by betting on companies who manufacture containers

Explained | Why do Indian shipping companies need a subsidy to compete for tender?

Lack of carrying capacity, inadequate large domestic ship manufacturing, international alliances by large shipping companies and geopolitical trade wars, are the four reasons why Indian firms need assistance

As exports rise, container prices increase at major Indian ports

The average price of a 20-ft dry container in Mundra at the end of May stood at around $1,550 compared to $1,163 in June 2020, while for Nhava Sheva in Navi Mumbai, it was at $1,700 in May against $1,075 in June 2020, market sources told Moneycontrol.

Govt confident of having overcome severe shortage of shipping containers

The crisis began in late 2020 due to a sharp mismatch in import and export volumes, port congestion across the Asia Pacific region due to Covid-19, and restrictions on trade

India on the move

India‘s trade is growing and mountains of goods have to be moved from one side of the world to the other, to the most remote corners, to the busiest centers. This is done every day by Maersk Line, the world‘s largest carrier of shipping containers providing a reliable chain supply for traders all over India.

Rise in container vol will improve margins: Gujarat Pipavav

Gujarat Pipavav's Hariharan Iyer believes the company will improve its margins going ahead if the increase in container volume continues. The company reported over five-fold growth in post tax profit at Rs 44.1 crore for the third quarter ended September 30.