Why the Tanker Market Now Moves on Geopolitics
Kiyaan Singh
Ten operators now control 57 percent of the VLCC fleet, up from under half a year ago, and rates sit at their highest since early 2020. Gibson, the shipbroker, calls…
Policy
India to absorb 90% of MSME CBAM compliance cost
The Centre is working on a scheme to cover 90 per cent of the CBAM compliance bill for India’s small exporters a cost industry pegs at ₹15–20 lakh per unit…
India opens anti-dumping probe into CRGO electrical steel
India’s Directorate General of Trade Remedies opened an anti-dumping investigation on 22 June into cold rolled grain oriented electrical steel and amorphous metal from China, Japan, Korea and Russia, acting…
India Launches $1.5 Billion Bharat Maritime Insurance Pool for Shipping Risks
Indian government launched the $1.5 billion Bharat Maritime Insurance Pool (BMIP). Backed by a $1.4 billion (₹12,980 crore) sovereign guarantee, the initiative is designed to ensure uninterrupted insurance coverage for…
Hapag-Lloyd and Kuehne+Nagel Partner on Biofuel for Ocean Freight
Hapag-Lloyd and Kuehne+Nagel have established their first joint sustainable ocean shipping agreement focused on the use of Sustainable Marine Fuels (SMF). Under this arrangement, Kuehne+Nagel will utilize Hapag-Lloyd’s “Ship Green”…
UK Govt. introduces sanctions and use control regulations.
For quite some time, the UK government has been dealing with high-risk goods and related technology being diverted to a sanctioned person or destination. To tackle this problem, the UK…
India Launches Credit Support Scheme for MSME E-commerce Exporters
India has officially launched a crucial credit support scheme tailored for e-commerce exporters as part of its Export Promotion Mission (EPM). Designed to ease access to working capital, this initiative…
US DFC Announces $20 Billion Maritime Reinsurance Plan for Gulf Shipping
The U.S. International Development Finance Corporation (DFC) has announced a new plan to provide up to $20 billion in maritime reinsurance for the Gulf region. The move is designed to…
Mediterranean Shipping Update: Italy Authorizes Naval Blockades on Migrant Routes
Italy’s cabinet new migration bill that grants authorities the power to impose temporary naval blockades on vessels attempting to enter its territorial waters. Introduced by Prime Minister Giorgia Meloni’s government,…
India partners Alibaba.com—export program for startups despite past China bans
In late 2022, the Indian government placed a long-standing ban on Chinese consumer apps, citing national security. However, recent developments brought a new way in this respect. The Indian government…