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SHIPPING COSTS
The age of pirates isn't over: Modern-day Somali raiders are hijacking oil tankers, holding sailors hostage and demanding millions in ransomOn April 21, 2026, armed men hijacked the Honour 25, a diesel tanker, in a swift attack. The crew was held hostage on board, with a ransom ...- Alabama has the largest artificial reef system; ship containing 1,700 slot machines and 100 military tanks provides shelter to marine life and attracts eco-tourismIn July 2026, the Argosy VI, previously a floating casino, was intentionally sunk to create an artificial reef as part of Alabama's commitm...
- ‘I am not giving up’: Passengers speak out after luxury cruise ship promising a ‘new way to live’ leaves them stranded in CambodiaPassengers aboard the luxurious Odyssey cruise faced an unexpected stopover in Cambodia due to operational challenges. The cruise's operato...
- MV Odyssey world cruise suspended in Cambodia as Iran war pushes fuel costs to $8,000 per cabinThe MV Odyssey is currently docked in Sihanoukville after suspending its voyage due to increased fuel costs. The operator, Villa Vie Reside...
- Union Cabinet approves ₹10,000 crore Container Manufacturing Scheme to boost India's productionThe Union Cabinet has approved significant schemes to enhance India's manufacturing infrastructure and capacity. The ₹10,000 crore Containe...
- High freight rates narrow Indian refiners’ crude oil choices, squeeze marginsWith freight rates reaching unprecedented levels, Indian refiners are facing escalating crude oil expenses that are eroding their margins. ...
- 22 Indians, including 14 seafarers, killed in West Asia conflict, MEA saysAmidst the turmoil in West Asia, the loss of twenty-two Indian nationals, including 14 seafarers, has come to light, with three fatalities ...
- Cabinet approves Rs 10,000 crore container manufacturing schemeThe Union Cabinet has recently approved a significant scheme to boost container manufacturing in India. This Rs 10,000 crore initiative aim...
- 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 ...
- US cruise ship that charged up to $120,000 per person leaves around 200 passengers stranded in Cambodia, gives them just seven hours to disembarkThe Villa Vie Odyssey cruise ship has left around 200 passengers stranded in Cambodia as fuel costs continue to rise. After two years of un...
- Blue Dart launches International Parcel Connect for SMEs, D2CsThis service will enable e-commerce, D2C brands, and SMEs to connect with global customers. With options that cater to both premium and bud...
- How Australia built world’s biggest battery-powered ferryThe electric ferry China Zorrilla has launched its operations between Buenos Aires and Uruguay, marking a significant milestone in eco-frie...
- 200 passengers lose their homes at sea as US cruise ship ends global voyage amid rising fuel costsA US residential cruise ship, The Odyssey, has suspended its voyage in Cambodia after a sharp rise in fuel costs made operations financiall...
- Exporters get six more months of risk cover amid West Asia turmoilThe Centre has extended the RELIEF initiative to March 31, 2027, to assist exporters. This scheme provides risk coverage to exporters facin...
- India appears better stocked for West Asia crisis, but oil shock threatensIn West Asia, tensions are affecting energy and fertilizer supplies, prompting adjustments by the Indian government. Freight costs have sur...
- India, Dutch port authorities weigh digital push to boost logistics: Piyush GoyalCommerce and industry minister Piyush Goyal and Port of Rotterdam CEO Boudewijn Siemons held discussions on advancing port-led growth, logi...
- Iran claims Strait of Hormuz control, warns US warships against entering Persian Gulf amid fresh strike threatIran has declared full control over the strategic Strait of Hormuz and warned against US military entry. Meanwhile, US officials hinted at ...
- Hormuz war risk pushes crude shipping costs sevenfold, squeezes refiners' margins: Goldman SachsGlobal crude oil freight rates are rising due to war-related risks in the Strait of Hormuz and increased ship-to-ship transfers. Goldman Sa...
- Global container freight prices surge 130% since February amid Middle East tensions: JefferiesGlobal container freight rates have surged by 130 percent since February 2026 due to Middle East tensions. India's container-based export-i...
- Trump's shadow fleet loophole: Easing US sanctions on oil tankers may not lower fuel costsIn an effort to address soaring shipping costs, the Trump administration is evaluating the possibility of easing restrictions on sanctioned...
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