Latest News, Updates & Breaking Headlines
NEW DELHI: West Asia conflict has pushed shipping freight charges for cargo bound for the region up nearly ten-fold in the case of containers and more than doubled rates for LPG and crude oil, the shipping ministry said.While average maritime freight charges for LPG have increased from $94 per tonne before the war to around…
A bulk carrier sailing near Iran’s coast in the Strait of Hormuz region was attacked by multiple small craft, Britain’s maritime monitoring agency has said. In a brief statement of Sunday, the United Kingdom Maritime Trade Operations (UKMTO) said that all crew members aboard the unidentified vessel were “reported safe” after the incident, which took…
A liquefied petroleum gas (LPG) tanker carrying cargo for India has crossed the Strait of Hormuz and is now sailing towards the country, offering some relief to supplies disrupted by the Middle East conflict, PTI reported.An official statement said the Marshall Islands-flagged vessel MT Sarv Shakti, carrying 46,313 tonnes of LPG, cleared the strategic chokepoint…
US President Donald Trump has claimed that Washington has the Strait of Hormuz under “totally control” and described the ongoing naval blockade as a “tremendous success.” However, a very large crude carrier (VLCC) operated by Iran’s National Iranian Tanker Company has reportedly evaded the US Navy and reached the Asia-Pacific, carrying over 1.9 million barrels…
The commerce department is working with agencies, including the Shipping Corporation of India (SCI), which was on the privatisation list until recently, to run special vessels to West Asia t o help exporters move their goods at cheaper rates.While freight to West Asia is in the region of $3,000-3,500 per 20-feet equivalent (TEU) and $4,500-6,000…
A US naval operation has intercepted an Iranian-flagged cargo vessel in the Gulf of Oman, with officials focusing on what may be sensitive cargo onboard.Maritime security sources, cited by Reuters said initial assessments indicate the vessel is likely carrying “dual-use” items, materials that can have both civilian and military applications. These may include metals, pipes…
The United States on Saturday intercepted an Iranian-flagged cargo vessel after it tried to bypass the blockade in the Strait of Hormuz.CENTCOM said the USS Spruance fired several rounds into the vessel’s engine room after repeated warnings were ignored, and later boarded it, placing it under US custody. President Donald Trump also claimed the vessel…
India is set to receive its first shipment of Iranian crude oil since 2019, with a tanker carrying 600,000 barrels of oil en route to Gujarat following a temporary sanctions waiver by the US, according to PTI.Ship-tracking data indicates that the vessel Ping Shun is headed towards Vadinar port, marking a potential revival of Indo-Iran…
NEW DELHI: The government on Monday said that 10 foreign-flagged ships carrying energy products and bound for India are presently stranded in the Persian Gulf. This is in addition to 18 Indian vessels that are currently in that region.Responding to a question, Rajesh Sinha, special secretary of the shipping ministry, said three of the foreign-flagged…
India has faced significant disruption to energy supplies routed through the Strait of Hormuz. (AI image) For the first time in several years, India has reportedly purchased liquified petroleum gas (LPG) from Iran after the Donald Trump administration granted a 30-day sanctions waiver to keep oil and gas prices in check. India had stopped energy…
