Shipping and Shipbuilding: The Engines of Indiaโs Economy
This e-book delves into the ambition, strategy, and intricate challenges behind Indiaโs mission to transform its shipyards into engines of economic growth.
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This e-book delves into the ambition, strategy, and intricate challenges behind Indiaโs mission to transform its shipyards into engines of economic growth.
Dimitris Maniatis, CEO of Marisks, says the latest intelligence assessment has reduced expectations of a near-term escalation in the Strait of Hormuz, after earlier analysis pointed to heightened risk. He says 25 ships transited the southern corridor under U.S. military guidance the previous day and vessel movements are continuing. Maniatis also says attractive earnings are drawing shipowners back to the route, while crews remain cautious but are willing to transit with bonuses, security support and proper risk assessments. He speaks with Abeer Abu Omar on Horizons Middle East and Africa. (Source: Bloomberg)
Limits on the number of vessels in the canal could create shipping delays and increase freight costs.