View: March madness is coming for the global shipping game

In the low season, global logistics industry negotiates long-term contracts. Game theory is involved. War, pandemics, and financial crises affect shipping. Buyers consider availability of long-term capacity and excess capacity. Shipping rates remain high. Buyers and sellers face the choice of following consumer demand or relying on sentiment.

The tanker was carrying gasoline-blending fuel known as alkylate for Reliance Industries’ U.S. unit from a refinery in Jamnagar in Gujarat state, according to the sources, who added the extent of damage was not yet known.

India aims to convert its entire coastal and inland waterways shipping to renewable energy within five years, aiming to achieve net zero carbon emissions by 2070. The shipping secretary said that all vessels currently using waterways will be converted into green. India’s share of renewable energy at major ports is less than 10%.

According to the statement, this project is poised to bring a paradigm shift in the operational landscape of the Syama Prasad Mookerjee Port. Key benefits include the establishment of an effective, efficient, and environmentally sustainable integrated cargo handling system, which will significantly bolster the port’s operational efficiency.

Blackstone Inc. plans to double its Indian warehouse holdings, reaching 100 million sq ft. DP World, Metro Brands, and Zomato are also investing in the sector. Global investors have poured over $10 billion into the warehouse sector, with more capital expected in the coming years.

Oman is optimistic about Indian investments, especially in developing the Duqm port by the Adani Group. Despite signing an MoU, concrete plans are pending. Discussions between Omani and Adani representatives at the “Invest in Oman” event included visits to Adani’s Indian office and the Duqm port site. Oman is open to exploring opportunities for development […]

India plans to increase Indian flagged ships by ten times to become a formidable force in global maritime trade. Senior government official mentioned disputes between nations. Shipping ministry noted that most Indian flagged vessels are engaged in coastal trade. China has a large number of flagged ships engaged in overseas trade. Concerns exist regarding India’s […]

FedEx CEO Raj Subramaniam is bullish on India due to its growing GDP, manufacturing sector, talent pool, digitization, and technology ideas. Despite supply chain disruptions, FedEx continues to expand its operations in India and has formed a strategic alliance with Delhivery for extended reach and sustainability initiatives.

“Maitri setu built on Feni River has already been inaugurated and people’s movement through the bridge will start any time. Once the bridge is made operational, the state will have direct access to Chittagong Port in Bangladesh. It will open new possibilities in business and trade through Chittagong Port”, Saha said at the laying of […]