His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence of the UAE, inaugurated DP World’s state-of-the-art Free Trade Warehousing Zone (FTWZ) – the Nhava Sheva Business Park (NSBP) – in Mumbai, India. The inauguration marks a major milestone in strengthening the deep-rooted economic…
On the occasion of its 50th Foundation Day on 4th April, the Indian Register of Shipping (IRS) achieved a remarkable milestone by setting an Indian record for the ‘Largest Corporate Flag made on cloth’, as recognised by the India Book of Records. The massive flag, measuring 60 feet by 40 feet, was unfurled within the…
Drydocks World, a DP World company and a leading service provider for the maritime and offshore oil and gas, and renewable energy industries globally, has signed a Memorandum of Understanding (MoU) with Cochin Shipyard Limited (CSL), driven by the Ministry of Ports, Shipping and Waterways, India to enable development of Ship repair clusters, synergizing their…
DP World, a leading global provider of smart end-to-end supply chain solutions, achieved remarkable growth at its Mundra International Container Terminal (MICT), handling 1,497,228 TEUS in FY 24-25, a growth over 13% compared to FY 23-24. The terminal serviced 762 vessels, marking a 6.57% increase compared to the previous fiscal year cementing Mundra’s pivotal role…
Chitkara University School of Maritime Studies (CUSMS) celebrated National Maritime Day on 5th April with grandeur, pride, and true maritime spirit. The occasion was graced by distinguished Guests of Honour — Capt. Yogesh Jadhav of Western Crew Management Pvt. Ltd. and Capt. Subodh Awasthi of Columbia Aurus Ship Management Pvt Ltd, whose inspiring presence added…
India is the largest importer of DAP globally, pulling in an average of 5.65mn t/yr over the past five years. During the past year, poor import economics and a competitive import market have led to the substantial erosion of DAP inventories, which currently sit well below historically comfortable levels. This has introduced significant DAP pricing…
The global shipping industry is under increasing pressure to reduce greenhouse gas (GHG) emissions, as international regulatory bodies seek sustainable alternatives to fossil fuels. Among these alternatives, hydrogen has emerged as a promising zero-emission fuel. However, the adoption of hydrogen as a maritime fuel presents various legal challenges that must be addressed to ensure compliance…
Prices gained after official data showed that China’s manufacturing activity expanded in February. Investors eyeing China’s annual Parliamentary meeting scheduled 5th March for further measures to support its battered economy. An Ocean Network Express (ONE) operated ship and an AP Moller-Maersk vessel came into contact over the weekend. The 14,026-teu ONE Columba (built 2018) collided…
