News
Govt likely to launch $1. 5-billion reinsurance fund for ships navigating war-hit West Asia- Moneycontrol. com
1+ week, 1+ day ago (399+ words) The Centre may announce a $1. 5 billion-fund soon to provide reinsurance cover to Indian vessels travelling through war-hit West Asia, two senior government officials said. General Insurance Corporation of India (GIC Re) will likely manage the Rs 14, 000-crore fund. "The aim…...
Sonowal directs DG Shipping to ensure transparency in shipping-related charges amid West Asia crisis
5+ day, 7+ hour ago (436+ words) Union minister Sarbananda Sonowal on Friday reviewed port operations, and directed the Directorate General of Shipping to ensure complete transparency in shipping-related charges, saying this ongoing crisis in West Asia must not become an opportunity for profiteering. According to an…...
PM Modi says Rs 70, 000 crore allocated for shipbuilding under Make in India amid West Asia crisis, supply disruptions
3+ week, 1+ day ago (670+ words) India has set aside Rs 70, 000 crore to strengthen domestic shipbuilding under the Make in India programme, as the government responds to global trade disruptions triggered by the ongoing conflict in West Asia. Speaking in the Rajya Sabha, Prime Minister Narendra…...
Bulk carrier targeted by "unknown projectile" off UAE coast; crew reported safe
3+ week, 3+ day ago (363+ words) A commercial vessel has reported an explosion in the vicinity of the Strait of Hormuz following an attack by what has been described by British maritime authorities as an "unknown projectile" off the coast of the United Arab Emirates. The…...
Cargo ship Pyxis Pioneer carrying LPG from US arrives at Mangalore Port
3+ week, 3+ day ago (220+ words) Amid the ongoing conflict in the Middle East and the mounting concerns over LPG shortage in the country, Pyxis Pioneer, a large cargo ship carrying LPG from the US, arrived at Mangalore Port on Sunday morning. According to the New…...
Shivalik docks at Gujarat's Mundra port: Can it ease India's LPG shortage and how big the vessel is- Moneycontrol. com
4+ week, 2+ day ago (735+ words) In a key development for India's energy security, the LPG tanker Shivalik has safely reached India and docked at Mundra Port in Gujarat after navigating the volatile Strait of Hormuz. The vessel is carrying around 46, 000 tonnes of liquefied petroleum gas…...
Hormuz crisis: Centre weighs Rs 1, 000 crore war-risk fund to protect India-bound cargo
3+ week, 6+ day ago (392+ words) With the Strait of Hormuz turning into a high-risk zone due to the escalating hostilities between US-Israel and Iran and global insurers stopping coverage, the Centre is considering to set up a dedicated fund to support domestic insurers providing war-risk…...
After Shivalik, second Indian vessel 'Nanda Devi' arrives at Vadinar port with over 45, 000 MT of LPG
4+ week, 1+ day ago (352+ words) In much needed relief to India's oil marketing companies and energy sectors, the country's second LPG carrier Nanda Devi, carrying over 45, 000 metric tonnes of cargo, arrived at the Vadinar Port in Gujarat on Tuesday. The vessel, escorted by the Indian…...
Shivalik nearing Indian port, Nanda Devi likely to follow after tense Hormuz transit under navy escort
4+ week, 2+ day ago (17+ words) Moneycontrol. com...
Thai cargo ship bound for Gujarat hit near Strait of Hormuz; 20 crew rescued, 3 missing
1+ mon, 4+ day ago (360+ words) A Thai-flagged cargo vessel was struck by missiles near the Strait of Hormuz on Wednesday, leaving three crew members unaccounted for, while 20 others were rescued by the Royal Navy of Oman, the Bangkok Post reported, citing the Royal Thai Navy....