‘Ready to play full part’: France, UK plan joint mission to protect Hormuz shipping route

French President Emmanuel Macron French President Emmanuel Macron on Monday announced that France and the United Kingdom will jointly lead a multinational initiative to restore free and secure navigation in the Strait of Hormuz, as tensions rise over control of the strategic waterway between the United States and Iran.The announcement comes amid growing geopolitical friction […]

G E Shipping surges on contracting to sell 2007 built Medium Range Tanker

Mumbai, April 6 (Udaipur Kiran): The Great Eastern Shipping Company is currently trading at Rs. 1467.45, up by 29.25 points or 2.03% from its previous closing of Rs. 1438.20 on the BSE. The scrip opened at Rs. 1432.20 and has touched a high and low of Rs. 1500.00 and Rs. 1432.20 respectively. So far 33185 […]

What is Jones Act? Trump waives 100-year-old shipping law for 60 days amid Iran war to ease fuel prices

US President Donald Trump has announced a temporary 60-day waiver of the century-old Jones Act, a move aimed at easing rising energy prices as global oil markets remain volatile due to escalating tensions involving Iran.The decision allows foreign-flagged ships to transport fuel and other essential commodities between US ports, a major shift from long-standing domestic […]

Shreeji Shipping Global surges on entering into agreement with Karanja Terminal & Logistics

Mumbai, February 12 (Udaipur Kiran): Shreeji Shipping Global is currently trading at Rs. 401.00, up by 4.65 points or 1.17% from its previous closing of Rs. 396.35 on the BSE. The scrip opened at Rs. 400.00 and has touched a high and low of Rs. 404.00 and Rs. 396.05 respectively. So far 9126 shares were […]

Temu halts shipping goods from China directly to US customers

Temu, the Chinese e-commerce giant, has stopped shipping products directly from China to US customers. Instead, all orders will now be fulfilled from warehouses within the United States, a company spokesperson confirmed Friday.The move comes following the closure of a provision that previously permitted Chinese-made products valued up to $800 to enter the United States […]

UN shipping body approves global carbon pricing system

LONDON: Member states of the International Maritime Organization have voted in favour of a global pricing system to help curb maritime carbon emissions, the UN shipping body announced Friday.From 2028, all ships will be required to use a less carbon-intensive fuel mix or face financial penalties, the IMO said.The carbon pricing measure must now be […]