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DOMESTIC TANKER FLEET
British forces intercept Russian shadow fleet oil tanker attempting to cross English ChannelBritish armed forces intercepted the Russian oil tanker SMYRTOS in the English Channel, boarding the vessel with Royal Marines and NCA offi...- IndiGo shares crack nearly 30% from peak. Will Iran war, soaring oil prices cause more turbulence?InterGlobe Aviation faces significant challenges in 2026 due to new FDTL norms causing pilot shortages and widespread disruptions. The Isra...
- Iran juggles oil cuts and storage strain to resist US blockadeTightened US naval restrictions in the Strait of Hormuz have sharply reduced Iran’s oil exports, forcing the country to cut production as s...
- Indian ports turning into logistics and industrial hubs, shipping secretary tells investors in SingaporeIndia's ports are becoming major logistics hubs. Cargo capacity has doubled and will reach 3,500 million tonnes per annum by 2030. The nati...
- GAIL says its LNG vessel Energy Fidelity flagged off from US; to bolster India's energy supply chainGAIL's Energy Fidelity vessel with a carrying capacity of 174,000 cubic meter (cbm) was flagged off on April 20 and is now en route to Indi...
- Strait of Hormuz crisis spotlights ship 'flagging' rules as India-flagged vessels face higher compliance burdenShip safety in the Strait of Hormuz draws attention to vessel flagging. India is boosting its flagged fleet. The Maritime Amrit Kaal Vision...
- India commissions third nuclear-powered submarine INS AridamanIndia has commissioned INS Aridaman, its third nuclear-powered submarine. This indigenously built vessel is the nation's largest submarine....
- Why Russia’s Navy cannot protect its oil tankers on the high seas: Pro-Kremlin analysts expose weaknessesRussia's navy is unable to protect its oil tankers from seizure by foreign powers. This admission comes as Western nations increase enforce...
- Fuelling the future: Why India needs maritime muscle as its oil thirst growsIndia heavily relies on imports for its energy needs, importing nearly 89% of its crude oil. Despite being a major exporter of refined prod...
- Govt plans to infuse capital in SCI to boost fleet: Sarbanada SonowalThe Indian government is set to boost the Shipping Corporation of India. Plans include capital infusion for fleet expansion and forming joi...
- Govt plans to spend Rs 85k crore on homebuilt oil tankersState-owned oil companies currently operate an aging fleet that's mostly on-charter from global companies and the shipping and petroleum mi...
- Shipping companies revenue may decline by 5-7% in next fiscal: CRISILWhile the margin profile may vary widely across players operating in different segments, CRISIL said the average operating margin may conti...
- Shipping industry likely to sustain performance in FY24, may see moderation in margins: ReportAccording to a report by CareEdge Ratings, the Indian domestic shipping industry is expected to sustain its performance in the current fisc...
- Great Eastern Shipping to places order for three vesselsGE Shipping placed orders for buying three vessels with a Chinese firm, which are expected to join the company's fleet by 2016.
- Middle east unrest works to shipping companies' benefitThe Middle East unrest and the uncertainty over oil supplies in the short term have boosted demand for vessels operating in the tanker segm...
- Shipping cos in troubled waters as freight rates dipThe spot average freight rate for VLCCs in Q4 was $33,305 per day, a decline of 42% y-o-y. In other segments, the spot average rate was dow...
- OPEC output cut may hit shipping cosConcerned with the steady fall in crude oil prices, the Indian shipping industry is waiting with bated breath for the outcome of OPEC’s all...
- Stocking up for winter fuels freight ratesGE Shipping has nearly 77% of its 2.85 million dwt capacity being utilised in the tanker segment.
- Mercator chalks out Rs 4,000-cr investmentPlans to pump in Rs 2,000 crore each in Mercator Lines India and its Singapore-listed arm.
- Mercator Lines plans IPOMercator Lines (Singapore), the wholly owned subsidiary of Mercator Lines, the fastest-growing shipping company in India, is planning its i...
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