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NEW DELHI: Indian exporters on Thursday flagged their concern over the charges being levied by shipping lines as well as gaps in the ECGC scheme announced by commerce department, while seeking measures to address concerns related to packaging material, which is in short supply. At a meeting on the West Asia crisis with commerce secretary…
Navigation Critical, Shows Navy Report Panaji: The Indian Navy has seen an observable shift in cargo vessel traffic in the Persian Gulf, with some vessels transiting via a controlled corridor near Larak Island. The Navy’s Information Fusion Centre for the Indian Ocean Region (IFC-IOR) says that there is a possibility that some vessels are given…
The commerce ministry on Thursday held consultations with exporters to address disruptions in shipping, port operations and packaging arising from the ongoing West Asia crisis, PTI reported.Commerce Secretary Rajesh Agrawal chaired two meetings attended by Shipping Secretary Vijay Kumar, export promotion councils (EPCs), commodity boards, shipping lines, ports and exporters.Officials said the discussions focused on…
Iran is seeking to tighten its grip over the Strait of Hormuz during the fragile two-week ceasefire, proposing an unusual system that would require oil tankers to pay transit tolls in cryptocurrency while undergoing strict scrutiny.Hamid Hosseini, spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, said Tehran intends to monitor every vessel moving…
US President Donald Trump on Sunday issued one of his starkest warnings yet to Iran, saying he was considering “blowing everything up and taking over the oil” if Tehran failed to reach a deal to reopen the Strait of Hormuz, a critical oil shipping lane.Speaking to a Fox News journalist, Trump said, “I think there…
PM Modi talks with Saudi Crown Prince amid West Asia Conflict, discusses need to keep shipping lines open NEW DELHI: PM Narendra Modi has spoken to Saudi crown prince and PM Mohammed bin Salman and reiterated India’s concern about freedom of navigation as the Iran-aligned Houthis entered the theatre of war in West Asia by…
The United States on Saturday released video footage showing its strikes on Iranian naval vessels, as the conflict across the Middle East continued to widen.Shared by US Central Command (CENTCOM) on X, the footage showed missiles being fired from warships in the region, fighter jets taking off from aircraft carrier decks, and precision strikes on…
NEW DELHI: Prime Minister Narendra Modi on Saturday spoke with Iranian President Masoud Pezeshkian and condemned attacks on the “critical infrastructure” in Tehran amid the ongoing Middle East crisis.Sharing details of the conversation on X, PM Modi said, “Condemned attacks on critical infrastructure in the region, which threaten regional stability and disrupt global supply chains.”“Reiterated…
NEW DELHI: Prime Minister Narendra Modi on Friday held a telephonic conversation with Bahrain’s King Hamad Bin Isa Al Khalifa, discussing regional developments in West Asia, condemning attacks on critical infrastructure, and stressing the need to keep global shipping routes secure.“Had a fruitful discussion with the King of Bahrain, His Majesty King Hamad Bin Isa…
File photo (Picture credit: AP) Six major powers, Britain, France, Germany, Italy, the Netherlands and Japan, said on Thursday they are ready to support efforts to ensure safe passage through the Strait of Hormuz, as the conflict in the Gulf continues to disrupt one of the world’s most critical energy chokepoints.In a joint statement, the…
