Tag: India

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.

Stellamar, the second unit of a series of 12 plug-in hybrid coasters ordered by ESL Shipping's subsidiary AtoB@C Shipping was launched on October 1st at Chowgule Shipyard.

On its latest weekly report, GMS highlights that, despite the impending onset of various holidays at the recycling destinations, India remains firmly poised giving sub-continent markets a real boost over recent weeks and even as the industry heads into Q4 of the year.

On its latest weekly report, GMS highlights that Pakistan narrowly missed out on vessel purchases, purely on account of aggression being shown by India and the fact that it has mostly been the sale of preferred container units that are being offered.

California announced the launch of a new climate initiative that will recruit subnational governments worldwide to commit to mitigating and reducing methane, with founding signatories from Mexico, South Africa, Brazil, Nigeria, and India.

In the wake of multiple sanctions levied against Russia in response to the ongoing conflict with Ukraine, the Russian Federation is actively exploring alternative avenues to mitigate the impact. One such approach involves forging closer ties with two major global powers, namely India and China.