Discussions were held after Indian goods exports fell for two consecutive months, with a 9.3% year-on-year fall in August, which traders blamed on rising shipping costs, a slowdown in China and recessionary trends in Europe and the United States
The Budget could also see the announcement of a green ship scheme under which the government plans to promote pollution-free hyderogen-based vessels on domestic waterways, according to the report
The holiday season may not result in the movement of goods between producing and consuming countries. The best-case scenario is that the season would help absorb inventory.
Most of the developing nations have been lobbying for the mid-century target — could be 2051, 2052 or 2053, insisting on not strictly fixing 2050 as the year for achieving net zero.
Speaking to CNBC-TV18, S Hajra, chairman and managing director of Shipping Corporation of India says that an oversupply of vessels is what hurt the Baltic Dry Index that tanked nearly 60% in one month.
CRISIL Ratings has come out with its report on shipping industry. According to the rating agency the global market share of India’s ship breakers is expected to grow to 40-45 per cent in the next two years from 35 per cent in 2010.
Navratna public company, Shipping Corporation of India, is planning to buy stakes in shipyards like Bharti Shipyard and Pipavav Shipyard. In an interview with CNBC-TV18's Gautam Broker and Soniya Shenoy, S Hajra, chairman and managing director of Shipping Corporation of India spoke about the company's stake buying ventures.
The taxman's revenue-seeking adventures might soon lead him to the deep seas, reports CNBC-TV18’s Ashwin Mohan.
Oil shipments to Japan have not been significantly affected by the country's devastating earthquake and subsequent nuclear crisis, a leading shipping industry group said on Wednesday.