Shipping
LPG tanker Nanda Devi reaches Gujarat port
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Amid LPG shortage due to West Asia conflict, the second LPG tanker Nanda Devi reached Gujarat's Vadinar port on Tuesday morning carrying over 47,000 metric tonnes. Part of the cargo will be sent to Tamil Nadu. The Shivalik tanker had earlier arrived at Mundra port with 46,000 metric tonnes of LPG.
Cosco Shipping Ports, a unit of state-owned Cosco Shipping, reported a 1.1 per cent rise in net profit for 2025. Executives expect limited overall impact from recent military conflicts involving the US, Israel and Iran. The firm will closely monitor Middle East developments and explore alternatives.
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Insiders at ZIM Integrated Shipping (NYSE:ZIM), including the CEO, have sold large portions of their holdings below a $35 per share takeover offer from Hapag-Lloyd. The stock initially surged on the news but now shows technical weakness. Analysts cite political and regulatory hurdles as risks to the deal.
A car carrier caught fire in its engine room shortly after departing Emden. The crew contained the blaze, and responders fully extinguished it without injuries or environmental damage. The vessel was safely towed back to Emden harbor.
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Due to storm Elli, the AIDA Cruises ship Aidanova returned to Hamburg a day early. The vessel arrived at the Hamburg port early Friday morning, though it was originally scheduled for Saturday. Guests can remain on board until the trip officially ends on Saturday.
GPS disruptions have increased over the past year in the Baltic Sea, affecting both shipping and air traffic. The Swedish Maritime Administration is developing a new navigation system based on ground stations to counter the issues. The system will be less vulnerable but not as precise, according to expert Johan Winell.
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The United Nations has delayed a vote on imposing the world's first global carbon tax on shipping emissions by one year, following opposition led by the United States and Saudi Arabia. The decision came during an International Maritime Organization session in London, where consensus could not be reached. The Trump administration hailed the postponement as a major victory against what it called an unconstitutional tax.