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TN: Detained vessel released after inquiry

 The Jeddah-bound vessel from Singapore, which was detained on October 2, by Coast Guard, was released after a thorough inquiry by officials from Customs, Coastal Security, Intelligence Bureau and......

Shipping cos gain as Baltic Dry index touches 10-year high

 Meanwhile, with China switching its trading partners due to geo-political iss­ues, increased trade with South Africa for bauxite and with the US for coal is also auguring well for vessels with......

Another coronavirus fallout: India's shipping business

 'The coronavirus impact is much bigger than what the market had predicted. We are helpless and simply watching the market at present. Nothing can be done,' Anil Devli, chief executive officer (CEO)......

Will high freight rates resuscitate India's shipping cos?

 Many companies have seen margins improving but it’s not significant and shipping companies are still not breaking even. Shipping freight rates are rising on the back of the commodity boom.......

Markets end flat on Sep F&O expiry, BHEL zooms 7%

 Benchmark indices ended marginally positive amid volatile trading session as investors adopted a wait-and-watch stance following the rollovers in the F&O segment to October series. The Sensex ended......

Shipping industry seeks modernisation fund

 The cyclical shipping industry continue to sail on rough sea with average monthly freight rates across major asset types continue to be lower on year on year basis. Weak freight rates are largely......

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