According to Union Minister Sarbananda Sonowal, the government plans to create green vessels and invest Rs 60,000 crore in river cruise tourism by 2047. He made this statement on the fringes of the inaugural Inland Waterways Development Council meeting. The plan is to invest Rs. 45,000 crores on river cruises, increasing the capacity from 2 …
According to recent data released by Alphaliner, MSC Mediterranean Shipping Company added more than one million TEUs (20-foot equivalent containers) in 2023, solidifying its status as the largest shipping line globally. At the start of 2022, MSC surpassed Maersk to become the largest shipping line worldwide. From that point on, the Geneva-based major’s leading fleet …
MSC Overtakes Maersk In Becoming the World’s Largest Shipping Line Read More »
The secretary of Ports, Shipping, and Waterways, T K Ramachandran, declared on Wednesday that Indian maritime trade with the rest of the world will remain unaffected by the developments in the Red Sea. Due to the most recent strikes by the Houthis, who are located in Yemen, the situation in the Bab-el-Mandeb Strait—a vital shipping …
Indian Maritime Trade Unaffected By Red Sea Issues, Affirms Shipping Secretary Read More »
Recent data from the industry indicates that 50% of the fleet of container ships that typically cross the Red Sea and the Suez Canal has avoided the route due to the potential for attacks. 299 ships with a total capacity of 4.3 million containers have either changed their intended path or plan to do so, …
The 700TEU electric container ships N997 and N998, constructed on December 28 by COSCO Shipping Heavy Industry Co., Ltd., were acquired by COSCO Shipping Development. “Zhongyuan Haiyun Lvshui 01” and “Zhongyuan Haiyun Lvshui 02” are the world’s first electric container ships for the River-Sea Direct Service. This type of ship was independently researched, planned, and …
China’s COSCO Shipping Reveals the World’s Biggest Electric Containerships Read More »
The US and its allies are trying to launch a global operation to protect ships passing through the Red Sea. The move was made in response to an increase in Houthi attacks, which prompted concerns about the safety of commercial transportation on this crucial waterway. Following intensive conversations prompted by the recent surge in armed …
A bulk ship operated by a Bulgarian business and flying the Malta flag was reportedly boarded on Thursday in the eastern Indian Ocean near Socotra Island in Yemen, according to a statement from the British maritime security company Ambrey. The incident occurred after a similar occurrence with the same vessel occurred earlier in the Arabian …
