India to introduce a subsidy scheme, to help local shipping companies compete with foreign carriers. A financial support of $218.08 million (INR 1624 crores) to be provided to the local shippers, for a period of five years, for the cause.
The Port of Durban and the Richards Bay port in South Africa is suffering from a major disruption after days of civic unrest in the country. The national freight rail line has also been affected in the violence, choking the supply chain operations in the country, and the rest of Africa.
WindFloat Atlantic has now become the world’s first offshore wind platform, to be classed, after the ABS Class Committee accepted WindFloat Atlantic’s three 8.4MW floating turbines.
The Port of Los Angeles hit a new volume record of 876,430 TEU in June, 2021. Owing to the race to replenish stocks and building inventories n the U.S.
The Ever Given is now out of the Egyptian waters, and is currently sailing towards the Port of Rotterdam. The containership is running late by more than three months. Due to which, the ship-owners are bracing for thousands of legal claims!
More than 1,146 migrants have died in the sea, while attempting to reach Europe through maritime routes, in the first half of 2021. More than double the number of deaths, as compared to the same period in 2020. revealed a briefing by ‘IOM – UN Migrants’.