Shipping
- India
Modi says right time to invest in Indian shipping sector; meets global CEOs
Mumbai: Prime Minister Narendra Modi on Wednesday exhorted global investors to take bets on the Indian shipping sector, pointing out that this is the “right time” for such a move. The Prime…
- Middle East
Experts link Red Sea internet outage in Middle East to shipping traffic
Dubai: A ship likely cut cables in the Red Sea that disrupted internet access in Africa, Asia and the Middle East, experts said Tuesday, showing the lines’ vulnerability over a year after…
- Middle East
Saudi Arabia launches new shipping route ‘Arabian Gulf-India’
Folk Maritime Services Company, a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), recently launched a new regional shipping route, “India-Arabian Gulf Service.” The shipping route connecting key GCC ports, including Dammam and Umm Qasr,…
- India
Spike in freight rates: India needs own shipping line, say exporters
New Delhi: Freight rates have skyrocketed by up to 600 per cent due to the Red Sea crisis which would hurt the world trade, say Indian exporters while suggesting the government should…
- World
Pentagon says Iranian drone struck tanker ship in Indian Ocean: Report
Washington: The Pentagon has said that an Iranian drone on Saturday struck a chemical tanker in the Indian Ocean, Reuters reported. “The motor vessel CHEM PLUTO, a Liberia-flagged, Japanese-owned, and Netherlands-operated chemical…
- World
20 nations to protect vessels in Red Sea, Gulf of Aden from Houthi attacks: US
More than 20 countries have agreed to participate in the US-led coalition to protect commercial shipping in the Red Sea from attacks by Houthi militants from Yemen. Pentagon spokesman General Pat Ryder…
- Middle East
Houthis’ attack on commercial ships causes surge in oil prices
Washington: Yemen’s Iran-backed Houthi rebels are attacking commercial ships and oil tankers to different countries thus disrupting supply chains causing crude oil prices to rise in what they claim are revenge acts…
