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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......

Baltic rises, but leaves shipping stocks dry

 While the stock markets across the world have fallen on the back of the credit crisis in Greece and its contagion effect, shipping rates for dry bulk carriers have firmed up since the development.......

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.......

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)......

Choppy trade: Shipping biz strives to float

 The fall in freight rates to 20-year lows, the global financial turmoil and rupee depreciation have hit shipping companies hard. Globally, many of them are not even able to recover running costs.......

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