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Shipping players benefit from new biz apart from 10-year high Baltic Dry

With Baltic Dry Index having hit 10-year high recently, Indian shipping companies are not just benefitting from high freight but also from increased trade with Bangladesh and Vietnam, industry experts said today.
“Construction activity has picked up significantly in Bangladesh as the country is focusing on infrastructure growth. Due to this, Indian shipping companies are witnessing increased cargo volumes with a lot of bulk raw material getting shipped. This is going to be a long term trend as infrastructure push is expected to continue,” Captain Rahul Bhargava, chief operating officer at Essar Shipping told Business Standard.
Shipping Corporation of India, Great Eastern Shipping, Tolani Shipping and Essar Shipping are into bulk carriers along with other segment fleet in the domestic market. ....

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Shipping industry seeks govt help to deal with piracy in Gulf of Guinea

Shipping industry seeks govt help to deal with piracy in Gulf of Guinea
January 28, 2021
Cargo from the oil-rich region plays a crucial role in ensuring India’s energy security
The Indian National Shipowners’ Association (INSA), the local shipping industry lobby group, has sought the government’s help to deal with pirate attacks in the Gulf of Guinea.
Last week, pirates captured 15 seafarers and killed one off the Coast of Nigeria in the Gulf of Guinea.
INSA has urged the government to intervene in the matter at the highest level and take it to the United Nations Security Council (UNSC), where it currently holds the status of a non-permanent member. ....

Indian Ocean , United Nations Security Council , Indian National Shipowner Association , Anil Devli , Chief Executive Officer , West Africa , இந்தியன் கடல் , ஒன்றுபட்டது நாடுகள் பாதுகாப்பு சபை , அனில் டெவ்லி , தலைமை நிர்வாகி அதிகாரி ,

What happens when business tycoons abandon their giant cargo ships

From the deck of their tanker, Captain Samig Nabiyev and his crew could see the smoke and fire rising over the Port of Beirut, 900 meters away. When the flaming warehouse exploded, the force of the blast knocked Nabiyev flat on his back.
“I thought I was finished,” said the 43-year-old Nabiyev, who’s worked on ships for almost 20 years. “We were all afraid for our lives.”
Nabiyev and the 11 other crew members weren’t supposed to be in Beirut on Aug. 4, the day of the disaster that killed around 200 people and wounded more than 6,000. Like the tons of ammonium nitrate that had eventually exploded in the port, they too had been abandoned by the owner of their ship, left to the discretion of local officials and insurers. No one on Nabiyev’s crew was hurt, but as they learned more about the explosion in the weeks to come, they recognized the same industry practices that had left them stranded for months. ....

United States , United Arab Emirates , Rostov On Don , Rostovskaya Oblast , Trinidad And Tobago , Manila Bay , Philippines General , Al Fujayrah , Tamil Nadu , Ian Ralby , Nassos Soulakis , Emin Abishov , Mansimov Gurbanoglu , Mohamed Arrachedi , Hassan Diab , Laura Carballo , Tayyip Erdogan , Samig Nabiyev , Adrian Chadwick , World Maritime University In Malmo , Indian National Shipowner Association , International Transport Worker Federation , Intermodal Shipbrokers Co , International Maritime Organization , United Nations , Maritime Labour Convention ,

COVID-19 Fuels Abandonment of Ships – And Their Cargoes and Crews

COVID-19 Fuels Abandonment of Ships – and Their Cargoes and Crews
By K. Oanh Ha and Bruce Stanley | December 18, 2020
From the deck of their tanker, Captain Samig Nabiyev and his crew could see the smoke and fire rising over the Port of Beirut, 900 meters away. When the flaming warehouse exploded, the force of the blast knocked Nabiyev flat on his back.
“I thought I was finished,” said the 43-year-old Nabiyev, who’s worked on ships for almost 20 years. “We were all afraid for our lives.”
Nabiyev and the 11 other crew members weren’t supposed to be in Beirut on Aug. 4, the day of the disaster that killed around 200 people and wounded more than 6,000. Like the tons of ammonium nitrate that had eventually exploded in the port, they too had been abandoned by the owner of their ship, left to the discretion of local officials and insurers. No one on Nabiyev’s crew was hurt, but as they learned more about the explosion i ....

United States , United Arab Emirates , Rostov On Don , Rostovskaya Oblast , Trinidad And Tobago , Manila Bay , Philippines General , Al Fujayrah , Tamil Nadu , Ian Ralby , Nassos Soulakis , Fann Koh , Emin Abishov , Mansimov Gurbanoglu , Hassan Diab , Mohamed Arrachedi , Laura Carballo , Tayyip Erdogan , Dana Khraiche , Samig Nabiyev , Adrian Chadwick , Anatoly Medetsky , World Maritime University In Malmo , Indian National Shipowner Association , International Transport Worker Federation , Intermodal Shipbrokers Co ,

Companies petition government as container shortage hurts exports

Companies petition government as container shortage hurts exports
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A key industry body, the Federation of Indian Export Organisations (FIEO), has suggested that empty containers be shifted to inland container depots (ICDs) where they are required. The FIEO has pointed out that the shortage of containers had contributed to a fall in exports in October and November.
Agencies
A shortage of containers has resulted in exporters being asked to source those from nearby ICDs and hence pay a repositioning charge.
NEW DELHI: Hit hard by a shortage of shipping containers and a sharp increase in freight charges, industry bodies have petitioned the government seeking its intervention, warning that this could damage the green shoots of recovery seen in exports. ....

Uttar Pradesh , Sharad Kumar Saraf , Promotion Council For Handicrafts , Indian National Shipowner Association , Federation Of Indian Export Organisations , Indian Export Organisations , Middle East , Ravik Passi , Export Promotion Council , National Shipowner Association , Anil Devli , உத்தர் பிரதேஷ் , ஷரத் குமார் சராஃப் , ப்ரமோஶந் சபை க்கு கைவினைப்பொருட்கள் , கூட்டமைப்பு ஆஃப் இந்தியன் ஏற்றுமதி ஆர்கநைஸேஶந்ஸ் , இந்தியன் ஏற்றுமதி ஆர்கநைஸேஶந்ஸ் , நடுத்தர கிழக்கு , ஏற்றுமதி ப்ரமோஶந் சபை , அனில் டெவ்லி ,