Shipping
- Middle East
One Indian missing, 13 rescued from ship off Oman in Hormuz
Muscat: One Indian crew member remains missing while 13 others have been rescued after the Panama-flagged tanker El Gaia was attacked off the coast of Oman, India’s Ministry of External Affairs (MEA)…
- Middle East
Iranian ship hit near Strait of Hormuz, one killed
An Iranian commercial ship was hit by an unidentified projectile near Qeshm Island in the Strait of Hormuz early Sunday, September 13, killing one crew member and injuring four others, Iranian state…
- Hyderabad
Hyderabad logistics company plans USD 50 million expansion
Hyderabad: Hyderabad-based logistics firm Jassper Shipping on Wednesday, August 19, announced plans to invest USD 50 million over the next three years to expand its project logistics, breakbulk, bulk cargo and industrial supply…
- Middle East
Indian cargo ship sinks off Yemen’s Hodeidah coast, 14 rescued
An Indian cargo ship sank in the Red Sea after an explosive boat struck the vessel off Yemen’s Hodeidah coast, with all 14 crew members rescued in a joint maritime operation, Yemeni…
- Middle East
Houthis target Saudi Aramco sites in retaliation for airstrikes
Cairo: Yemen’s Iran-backed Houthi rebels said Saturday, July 25, that they fired missiles and drones at Saudi Arabia in response to Saudi airstrikes on the strategic Red Sea city of Hodeida, in…
- Middle East
Dubai plans to build new port to bypass Strait of Hormuz
Dubai: In a move to strengthen the UAE’s trade resilience, Dubai is planning to build a new port that would bypass the Strait of Hormuz, according to a report by the Financial…
- India
Attacks on ships completely unacceptable: Jaishankar amid West Asia conflict
New Delhi: In the backdrop of the ongoing West Asia conflict and its global ramifications, External Affairs Minister S Jaishankar on Wednesday, April 15, underlined India’s strong commitment to “safe and unimpeded”…
- 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…
