Latest Shipping News & Updates

New Delhi, March 18 (IANS) Domestic liquefied petroleum gas (LPG) production has increased by 40 per cent, the government said on Wednesday, adding that supply concerns remain owing to the closing of the key oil route of the Strait of Hormuz.Petroleum and Natural Gas Ministry’s Joint Secretary, Marketing and Oil Refinery, Sujata Sharma, said during the regular briefing that petrol pumps have enough petrol and diesel stocks.”Domestic LPG production has increased by 40 per cent while no dry-outs h…

Mumbai, March 1 (IANS) Missiles fired between Iran and Israel-US joint forces across the Gulf pose one of the most serious disruptions to oil flows in decades and may not be offset by production increases outside the Gulf, analysts said on Sunday.Traders warned that prices could jump sharply when markets reopen on Monday if the violence continues. Though no confirmed disruptions to shipping through the Strait of Hormuz, the risk of tankers being stranded or targeted has prompted major oil trader…

Thiruvananthapuram, Jan 24 (IANS) Kerala, on Saturday, marked a decisive moment in its infrastructure journey with the formal launch of Phase II of the Vizhinjam International Seaport, a project that has rapidly transformed the state’s standing in global maritime logistics. Addressing the gathering, Chief Minister Pinarayi Vijayan said the port’s progress decisively counters the long-held criticism that “nothing happens in Kerala”, asserting that Vizhinjam has already etched the state’s name int…

Thiruvananthapuram, Jan 24 (IANS) Karan Adani, Managing Director of Adani Ports and Special Economic Zone (APSEZ), on Saturday, said the Vizhinjam International Seaport is the largest investment ever committed by any business house in Kerala and will see an additional investment of Rs 16,000 crore.Speaking at the foundation stone-laying ceremony of Vizhinjam Port Phase-2, Karan Adani said the port has already made a global mark within a short period of commencing operations.”In just 15 months of…

New Delhi, Dec 30 (IANS) The Appointments Committee of the Cabinet (ACC) on Tuesday approved a major bureaucratic reshuffle involving over 40 senior officers from the IAS and Allied Services for various posts in the ministries and departments at the Centre. The list includes the appointment of a Special Secretary and several Additional Secretaries. The reshuffle also includes temporary upgradations of posts to some officers as part of the administrative restructuring.The postings at the Special …