Tag: India

On its latest weekly report, GMS finds that, as Diwali holiday celebrations concluded earlier in the week, Alang Recyclers seems to slowly be filtering back to work amidst declining plates prices, sentiments, and local offerings that remain stagnant.

The Indian Ship Registry has issued new Merchant Shipping Notice including requirement for the use of bio-fuel and its blends onboard, highlighting that for any bio-fuel used, its specification is required to be compatible with the machinery and equipment, and compliant with the applicable statutory requirements.

On its latest weekly report, GMS finds that, markets remain precariously poised as Diwali holidays are finally upon the sub-continent markets and the industry heads into the final months of the 2023.

An Indian shipbuilder, Goa Shipyard Limited (GSL), has clinched a significant contract to construct 24 cargo ships for Russian clients that will be utilized in the Caspian region.

The Indian Directorate General of Shipping provides broad guidelines to DGS-empanelled medical examiners regarding the assessment of fitness for transgender applicants.

On its latest weekly report, GMS finds that, as they progressively approach Diwali holidays - inflation, fundamentals, currencies (except in India), vessel pricing, and overall weakening sentiments certainly seem to have beset across all of the sub-continent ship-recycling destinations (even Turkey to an extent).

On its latest weekly report, GMS finds that, even though this most recent decline in prices has not been as dramatic as some had feared, firmer offers may still be difficult to come by in the coming week(s).

On its latest weekly report, GMS highlights that, as deals continue to be concluded into Alang, the Indian ship recycling sector remains on a positive footing overall, with Pakistan and (especially) Bangladesh still lagging behind.

On its latest weekly report, GMS highlights that, nearly all of the markets have enjoyed somewhat of an upward resurgence entering the fourth quarter of the year, after a dire summer that saw over USD 100/LDT wiped off vessel recycling prices in the Indian sub-continent ship recycling markets. 

In this week’s “Shipping Number of the Week” from BIMCO, Shipping Analyst, Filipe Gouveia, looks at the decline in coal shipments to India, the world’s second largest importer of seaborne coal, during the first nine months of the year.