Security upgrades set to make India�s ports even more costly
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Bangalore: India’s relatively high-cost ports are likely to charge even more as the government takes steps to beef up security following the Mumbai terrorist attacks.
The government is planning to install equipment to scan cargo containers, set up a marine commando force, increase the number of security personnel and buy speedboats to help in search operations.
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Industry cancels orders worth Rs 3,750 crore for new ship
NEW DELHI: India’s shipbuilding industry may suffer cancellations of about 15% of their total orders, worth at least Rs 3,750 crore, as a slump
in international trade in the wake of the global economic crisis has taken a toll on the sector, industry experts say. Orders for about 35 ships that were to be built [...]
Piracy at ‘Intolerable’ Level, Says Maritime Executive
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The massive deployment of foreign navies to the vital shipping lane off the Horn of Africa and the Gulf of Aden has so far failed to slow the rate of pirate attacks, with new ships taken almost daily, according to maritime executive Christopher Hayman. He said most commentators agreed that piracy was merely the symptom [...]
ITF: New piracy high risk area agreed
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Maritime unions and shipowners have reached an agreement to extend the piracy high risk area to cover the entire Gulf of Aden. The designated high risk area previously only covered part of the Gulf of Aden. Members of the International Bargaining Forum (IBF), reached the agreement following a full meeting of the negotiating body in [...]
HELCOM report shows sharp decrease in ship collisions in the Baltic
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While every year there are more and more ships plying the waters of the Baltic Sea, the occurrence of ship-to-ship collisions, one of the most serious types of accidents at sea, has decreased sharply since 2005, especially in such a busy traffic area like the Gulf of Finland, according to the latest HELCOM study. Analysis [...]
Suez traffic not affected
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Egypt denied that international shippers were avoiding the country’s Suez Canal, the waterway that carried a tenth of the global seaborne trade in 2007, after an escalation in piracy off east Africa. ‘We have not been notified by any shipping company that they are re-routing away from the Suez Canal because of the Somali piracy,’ [...]
Regional shipping industry jobs still safe
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Despite the current slowdown in the global shipping industry, which has impacted operations, regional shipping companies will continue to retain their staff, said senior industry players.
Major international shipping companies have already announced more than 3,000 job cuts in an effort to reduce costs in the wake of the increasing financial crisis that continues to adversely [...]
IBF Extends “High Risk Area” In The Gulf
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Following a full meeting of the IBF in Hong Kong on Friday 21 November and subsequent correspondence, the International Bargaining Forum have agreed to extend the “high risk area” to cover the entire Gulf of Aden*, backdated to 21 November at midnight. The expansion has been agreed because of the number of attacks which had [...]
Steaming under the constellation of Piracy
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Piracy has occurred through the ages together with the presence of the first Ships. People along the coasts of the Mediterranean Sea have been trying to gain control of the trade routes and attacking the competition that was en route by sea. Thus it was common practice for the people engaged in commerce to be [...]
Ship recycling industry poised for boom in times of recession
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The Ship-breaking industry in Gujarat foresees sunny days ahead, provided banks fund ship-breakers to acquire the large number of old ships that are being offered for demolition worldwide, a member of the industry said here. Such a move during the current recessionary trends would open an enormous opportunity for India to boost output of steel [...]
