In a circular dated April 10, 2024, the Directorate General of Shipping (Mumbai) advised ship managers, ship masters and seafarers to enhance the mechanism for reporting and tracking maritime activities to safeguard the interest of merchant ships and their crews. The ministry has identified sensitive zones that include the Persian Gulf, Strait of Hormuz, Gulf of Oman, Arabian Sea, Gulf of Aden, Bab Al Mandeb Strait, Red Sea, Somali Basin and Arabian Sea region. The circular said in the event of any incidents or security escalation due to incidents, all vessels transiting through these areas ar ..read more

Source: Container news Below are the details of the revised tariff amounts: Charge name Origin Destination Rate basis Container Rate Peak Season Surcharge China, Hong Kong, Taiwan Kenya Per container ALL_20_DRY US$400 Peak Season Surcharge China, Hong Kong, Taiwan Kenya Per container ALL_40_DRY US$800 Peak Season Surcharge China, Hong Kong, Taiwan Kenya Per container 45HDRY US$800 Peak Season Surcharge China, Hong Kong, Taiwan Kenya Per container 20REEF US$400 Peak Season Surcharge China, Hong Kong, Taiwan Kenya Per container ALL_40_REF US$800 In addition, the Danish ocean ca ..read more

This service is specifically crafted to align with the shared decarbonization goals of the shipping sector. ONE LEAF+ empowers customers to actively oversee their emissions and reduce their environmental footprint throughout the entire value chain. ONE LEAF+ provides customers with various advantages, such as: 1. Decreased Carbon Footprint: ONE will utilize compliant alternative fuels on selected vessels, enabling customers to lower Scope 3 greenhouse gas emissions associated with their shipments through ONE. 2. Improved Transparency: Through ONE LEAF+, customers will obtain certification deta ..read more

Source: The Financial Express They are optimistic that the BBIN MVA framework will not only boost trade and connectivity, but also create opportunities to strengthen people-to-people interactions and contribute to the economies of each individual country, reports UNB. Bangladesh also emphasised the expeditious conclusion of tripartite power agreement among Bangladesh-India-Nepal soon, which will help Bangladesh to import power from Nepal, according to the Ministry of Foreign Affairs. The issues were discussed at the third round of Foreign Office Consultations (FOC) between Bangladesh and Nepal ..read more

Source: Reuters The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 65 points, or 3.7%, to 1,844 points. The capesize index gained 129 points, or 4.9%, to 2,760, its highest level since March 26. Average daily earnings for capesize vessels, which typically transports 150,000-ton cargoes such as iron ore and coal, increased by $1,074 to $22,893. Iron ore futures fell, with the Dalian contract falling for the first session in seven, as investors reconsidered stimulus prospects from top consumer China after its first-quarter economic growth toppe ..read more

“The distances that need to be covered are huge,” Rear Admiral Vasileios Gryparis told AFP at EU operation headquarters in the central Greek city of Larissa. “So far, because shipping is down by over 50 percent, it is possible to escort any ship that requests protection.” “We have accompanied 79 ships so far and none has sustained damage whilst under our escort.” “This is a point of reference on which we can build to increase the number of ships under protection… with the means currently at our disposal, this is not possible,” he said. Operation Aspides, named after the Greek word for shield ..read more

“The board of directors has on April 15, 2024 re-appointed Arun Maheshwari as the Joint Managing Director & CEO with effect from April 18, 2024 for a term of 3 years, subject to approval of the shareholders of the company,” it said. The board also approved the appointment of Anoop Kumar Mittal as an Additional and Independent Director of the company for a term of three consecutive years, subject to approval of the shareholders, the filing said ..read more

Source: Business Today As per the new guidelines, the export of essential commodities will now take place only via four custom stations. “Export of essential commodities under Prohibited/restricted category to the Republic of Maldives during 2024-25 shall be permitted only through the following 4 Customs Stations: – Mundra Sca Port, Tuticorin Sea Port, Nhava Sheva Sea Port (JNPT) and ICD Tughlakabad,” DGFT’s notification read. On April 5, amid diplomatic tensions between India and the Maldives, India gave authorisation for the export of precise amounts of basic goods for 2024-25 using a unique ..read more

Source: Container news Hapag-Lloyd said that over the past five years, it has made progress in customer satisfaction, financial stability, and market expansion, particularly in key growth regions such as India and Africa. The German carrier said that Strategy 2030 is the result of in-depth market analysis and customer insight, as well as extensive internal collaboration, including input from the company’s global experts. Additionally, it is dedicated to delivering outstanding customer service, while prioritising environmental responsibility and innovative digital solutions to navigate the ever ..read more

CMA CGM AIR CARGO will connect Asia to North America, starting in summer 2024. Eight A350F aircraft to be delivered between 2026 and 2027, enabling global coverage. CMA CGM AIR CARGO will begin operating a transpacific route connecting Asia to North America in summer 2024. The launch on a strategic air freight route marks the acceleration of CMA CGM AIR CARGO’s development. To ensure service to new destinations, CMA CGM AIR CARGO will take possession of two Boeing B777-200F aircraft this year. The first aircraft, scheduled for delivery in June, will enable operations to begin on the transpacif ..read more