Vizhinjam Port bags ISPS code authorisation

India a talent pool for the global shipping industry

The freight ship collision that led to the collapse of a bridge in Baltimore, US, could have been a bigger catastrophe if not for the quick thinking by the 22-member Indian crew on board Dali. Sailors issued a Mayday call before the collision, allowing authorities to stop traffic on the bridge, preventing mass casualties. Dali is just one of many ships manned largely or wholly by Indian sailors. Global shipping, which carries over 90 percent of world goods trade by volume, will take a hit without Indian seafarers.
A quick look at India’s contribution to the global economy: India ranks t..

Indian container cargo set to expand by 8% in FY25 amidst Red Sea crisis

CareEdge Ratings forecasts that Indian container cargo volume will experience an 8% growth, reaching 342 million tonnes (mt) in FY25. They also anticipate the risk of a prolonged Red Sea crisis. In a sectoral report, the agency mentions that the connection of the Dedicated Freight Corridor to Jawaharlal Nehru Port Trust (JNPT) in FY26, coupled with capacity expansions by ports, will likely propel the growth in container volumes in the medium term. According to the report, significant adverse movements in charter rates affecting cargo volumes, as well as vessel additions by shipping lines, will..

Nalanda Capital Sells Stake in Great Eastern Shipping

Nalanda Capital has divested a 1.4% stake in Great Eastern Shipping, a prominent player in the ports and shipping industry, for a total sum of Rs. 1.90 billion. This move comes amidst evolving market dynamics and reflects Nalanda Capital's strategic realignment of its investment portfolio.

The sale of shares in Great Eastern Shipping represents a calculated decision by Nalanda Capital to optimise its investment holdings and capitalise on market opportunities. The transaction, valued at Rs. 1.90 billion, underscores the investor's confidence in realising returns while maintaining flexibi..