In the end, it was simply a matter of holding one’s nerve, refusing to commit locally and weathering the storm caused by the sagging value of the Indian rupee against the US dollar and the dipping prices of steel scrap.

The shipbreaking market in India has turned distinctly bullish in the new year amidst rising steel prices and a dearth of available ships. Recyclers are looking for junk ships as increasing freight rates force owners to delay scrapping.

Maersk Line, APL and Orient Overseas Container Line (OOCL) are to cooperate on three Far East – Indian Sub-continent services.

Advanfort has issued a statement calling India’s ongoing detention of the crew of Sierra-Leone-flagged Seaman Guard Ohio “an affront to justice”.

The Chinese government has announced a long-awaited scrapping subsidy plan that aims to boost the country’s ailing shipbuilding and shipping industries.

Bibby Ship Management of the UK has acquired survey firm Murray Fenton (India) Surveyors, thereby expanding its India-based operations into marine, cargo and offshore surveying, including marine audit services. Operations will be based in Mumbai...

A recovery in the dry bulk shipping market could come as early as first quarter 2014 according to Precious Shipping boss Khalid Hashim.

India’s demand for crude oil and gas is projected to increase by 3% in the financial year 2013-14, even as the country’s production is currently steady at 0.76m barrels per day (bpd).

Sierra-Leone-flagged Seaman Guard Ohio, operated by Virginia Private Maritime Security firm Advanfort, is under investigation by Indian Police after it was allegedly found in Indian waters with 30 unauthorised firearms on board.

India has filed an appeal with the Detention Review Panel of the Indian Ocean Memorandum of Understanding on Port State Control (IOMOU), following the release of tanker Desh Shanti last week.