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GLOBAL SHIPPING
‘Ocean freight rates will come down eventually, we have seen this before’: DP World COOGlobal ocean freight rates are predicted to decrease after a surge due to logistical disruptions from the US-Iran conflict. DP World rerout...
India’s oilmeal exports fall 28.5% as cheaper Brazilian, Argentine soymeal squeezes shipmentsIndia's oilmeal exports fell 28.51% year-on-year to 12.82 lakh tonnes in April-August FY27, dragged by a 73% plunge in soybean meal shipmen...
Middle East oil price war heralds post-conflict glut: BoussoThe Strait of Hormuz has become a bustling corridor for Middle Eastern oil, with exports rising sharply since September. However, the ongoi...
Indian sector of Southern Ocean sees rising oxygen levels, contrary to global trend: StudyResearch reveals that oxygen levels in the Indian sector of the Southern Ocean increased significantly from 1993 to 2025. This rise is attr...
IOC to buy crude, LPG ships as West Asia crisis exposes shipping risksThe move marks a potential shift in the company's shipping strategy, which has traditionally relied on a mix of time-charter and voyage-cha...
56% of global business leaders expect disruptions to severely hit operations: KPMGA recent KPMG International report indicates that 56 percent of global business leaders anticipate severe disruptions affecting operations....
Iran claims it has lifted self-imposed restriction on ballistic missile rangesIran's Revolutionary Guard has opted to remove the 2,000-kilometer missile range restriction amid rising tensions. A US naval blockade is a...
56% of global business leaders expect disruptions to severely hit operations: KPMGA recent KPMG International report indicates that 56 percent of global business leaders anticipate severe disruptions affecting operations....
IOC to buy crude, LPG ships as West Asia crisis exposes shipping risksIndian Oil Corporation aims to enhance control over its energy supply chain by acquiring crude oil carriers and LPG vessels. The company is...
US military says it fired on commercial vessel in Gulf of Oman after it attempted to breach blockadeU.S. Central Command disabled a ship flagged by St. Kitts after it attempted to leave Iranian waters. This action follows multiple warnings...
Premji Invest pumps $35 million into Hical Technologies to expand aerospace, defence manufacturingPremji Invest has invested $35 million in Bengaluru-based Hical Technologies, marking the aerospace and defence components maker’s first in...
US Iran war: UAE plans third crude oil pipeline to avoid Strait of HormuzThe United Arab Emirates is planning to construct a third oil-export pipeline to minimize reliance on the Strait of Hormuz. This new pipeli...
70% of global business leaders report rising risk exposure amid AI, geopolitical disruptions: KPMGAccording to the report, 56% of respondents said external disruptions involving geopolitical, energy, cyber, trade or climate-related facto...
EAM Jaishankar discusses Ukraine-Russia conflict solutions amid G20 summitIndia has engaged in discussions with Russia, Europe, and Ukraine regarding the ongoing conflict and its impact. These talks focused on pre...
Luxury cruise’s ‘Resident Wikipedia’ CEO deletes apology letter to stranded passengers after offering hope of saving its ‘never-ending’ voyageKathy Villalba, CEO of Villa Vie Residences, expressed sincere regret towards Odyssey residents affected by fuel shortages, forced to disem...
Government scraps export duty on petrol, raises levies on diesel and ATFThe Indian government has abolished the special additional excise duty on petrol exports as of now. Diesel export levies have been raised t...
Cabinet approves Rs 10,000 crore container manufacturing schemeThe Indian government has approved a Container Manufacturing Assistance Scheme with a total budget of Rs 10,000 crore. This scheme aims to ...