Container prices have shot up by up to 300 per cent in the past one month owing to geopolitical tensions between Israel and Iran following the former's attack on Hamas, causing shortages and pushing consumer durables companies to increase prices. Companies have planned increases but some are yet to decide on the extent of the increase.
The Coast Guard coordinated the rescue of crew members of a container which sank some 840 nautical miles from Mumbai.
After being marooned in space for nine months, Astronaut Sunita Williams is back on earth along with her fellow astronaut Butch Wilmore.
Security agencies have gathered evidence, including Pakistani government documents and biometric data, confirming that the terrorists involved in the Pahalgam attack were Pakistani nationals.
India's annual oil import bill could rise by $9-11 billion if the country is compelled to move away from Russian crude in response to US threats of additional tariffs or penalties on Indian exports, analysts said. India, the world's third-largest oil consumer and importer, has reaped significant benefits by swiftly substituting market-priced oil with discounted Russian crude following Western sanctions on Moscow after its invasion of Ukraine in February 2022.
The Iranian government has said that the explosion was likely related to chemicals being stored.
Chinese import tariffs have unwittingly come to India's assistance to help boost imports of US liquefied petroleum gas (LPG) at rates cheaper than what it pays for supplies from West Asia, according to industry sources and shipping data.
Seventeen containers on board amerchant vessel slipped off Okha West and began floating in sea prompting the Gujarat Maritime Board to sound an alert for ships approaching Gulf of Kutch, a major corridor for crude oil imports.
The shipping business is like the heaving sea -- it's up and down, observes Shyam G Menon.
The MEA had said there are certain "technicalities involved" in the return of the remaining 16 Indian crew members.
After US President Donald Trump announced a 90-day tariff pause for several nations, including India, global manufacturers are in a rush to ensure that bulk of their goods reach the US during this window. "The 90-day suspension of tariffs will be welcomed by shippers, but it should not be a cause for celebration.
Brent crude oil prices can touch $150 a barrel (bbl) - up a whopping 103 per cent from the current levels - in the worst-case scenario if the Israel-Iran geopolitical tensions escalate, suggest analysts.
'Adani can attract vessels at a much lower cost to Vizhinjam as he has the financial muscle to do so.'
The government is looking to give Bharat Global Ports a certain amount of domestic exposure after it set up the state-owned consortium to increase India's global maritime heft, officials aware of the development said. The intended domestic exposure is meant to give the consortium experience and build its credentials for international projects.
One hundred years ago, a group of 10 revolutionaries carried out an operation that shook the British Empire. Utkarsh Mishra revisits the 'Kakori Conspiracy Case', a turning point in the armed struggle for independence.
Early on March 26, 2024, the Francis Scott Key Bridge in Baltimore, Maryland, in the United States collapsed after it was struck by a container ship, the Dali.
'At Keeladi, we have not come across any evidence for organised religion.'
Since January this year, Indian exporters have begun to dread the shipping news. That's because most of it would be about another lot of shipping companies deciding to avoid Indian ports on account of delays.
The Israel-Iran conflict has entered a 'decisive phase' after the United States bombed three major Iranian nuclear sites Sunday morning, feel strategic affairs experts with some of them arguing it was Washington, DC's 'responsibility' to not get involved in the military standoff.
The Adani Group is planning to invest Rs 20,000 crore more to complete the remaining three phases of the Vizhinjam International Seaport, the first transshipment port in the country, managing director of Adani Ports and Special Economic Zone Ltd (APSEZ) Karan Adani said in Thiruvananthapuram on Friday. Talking to PTI after the official reception ceremony for 'San Fernando', the first mothership to dock at Vizhinjam, Adani said the port will be a game changer for Indian manufacturers as it reduces logistics cost by 30 to 40 per cent.
Goods from sectors, including agriculture, precious stones, chemicals, pharma, medical devices, electricals, and machinery may get impacted if the US will go ahead with imposing reciprocal tariffs on Indian products, according to experts. They said that these sectors could face additional customs duties from the Trump administration because of the high tariff differential or gap, which is the difference between the import duties imposed by the US and India on a product.
The central government's Great Nicobar development project, proposed around an unprecedented transhipment port, will be executed to keep environmental impact minimal, and is essential as it is of national importance, the government has said amid calls to abort the controversial project due to ecological concerns, the Centre said in an official statement.
Nearly 100 containers that fell into the sea following the collision between two merchant vessels off the Mumbai coast are still missing and two of them are carrying hazardous chemicals. "The salvage operation is underway. Nearly 100 out of the total 250 containers are yet to be traced from the waters," said Rahul Asthana, chairman of Mumbai Port Trust. Two of the missing containers carry hazardous chemicals and efforts are on to locate and retrieve them, he said.
'If attacks escalate, there is a risk the Suez Canal may be closed.'
'We are too important to want to be paired with Pakistan but too intensely connected to it to successfully detach ourselves,' asserts Aakar Patel.
From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation.
The ship, outbound from Baltimore to Colombo, struck a 1.6-mile-long, four-lane bridge in Baltimore in the early hours of Tuesday morning. Shortly after the collision, the bridge collapsed, crashing on the cargo ship.
Government representatives told a parliamentary panel that the US has not officially conveyed to India that it should cut tariffs by April 2.
The government has set up an inter-ministerial group to monitor a possible surge in imports from countries like China, Vietnam and Thailand, fearing a surge in inbound shipments following the imposition of high reciprocal tariffs by the US on these countries, sources said. The product categories that may see an upsurge in diversion of imports from the US to India include consumer goods, electronics, chemicals and steel.
A year after a Hamas attack against Israel on October 7 and the ensuing Israeli invasion of the Gaza Strip, India's trade with most West Asian countries has largely escaped any major disruption, except with countries like Israel, Lebanon, and Jordan. However, repeated flare-ups of geopolitical tensions in the region continue to drive up shipping and logistics costs.
'At least 25 Olympic-sized swimming pools worth of plastic chewing gum gets dumped.' 'And because the way people spit it out, there's no possible way this plastic can be recycled.'
Members of Imran Khan's party, the Pakistan Tehreek-e-Insaf, plan to mount a huge anti-government protest in Islamabad, demanding that Khan be released from prison.
No goals were scored in the first half of a French Super Cup for the first time since 2010 when Olympique de Marseille beat PSG 5-4 on penalties after the match ended goalless.
The DGP said after concealing the contraband, the accused persons had meticulously welded the door border and repainted it.
Syed Firdaus Ashraf marches through time to trace the bitter history between Russia and its West European neighbours.
Billionaire Gautam Adani's group has pulled out of a loan deal with a US agency to fund a port terminal in Sri Lanka, saying it will use its own resources for the project. In an exchange filing late on Tuesday, Adani Ports and Special Economic Zone Ltd (APSEZ) said the project "is on track for commissioning by early next year". "The project will be financed through the company's internal accruals and capital management plan," the firm said.
'I can feel the master's pain, because he must be sitting there and cursing and saying, 'Why was I born?''
The unexpected missile attack on a second India-bound ship carrying Russian crude, just three weeks after the first, has complicated matters for domestic refiners. India now counts the Vladimir Putin-led nation as its biggest oil supplier, according to Paris-based market intelligence agency Kpler, and these attacks come on top of US sanctions since December, where vessels that bring crude to India are facing heightened scrutiny. Panama-registered Pollux, which loaded crude at the Sheshkaris oil terminal in the Russian port of Novorossiysk on January 24, was scheduled to deliver the medium, sour Urals grade to Paradip port on February 28.
'April 9 announcement of slapping a 125% tariff on Chinese goods has brought the focus back to China, making this new phase feel like a repeat of the original conflict.'
