Landmark Updates to Maritime Labour Convention Improve Seafarer Welfare
Pratik Bijlani – The international shipping community has approved groundbreaking updates to the Maritime Labour Convention (MLC), 2006, during a week-long meeting at the International Labour Organization (ILO) headquarters in Geneva from April 7-11, 2025. Developed through collaboration between governments, shipowners, and seafarers’ unions under the ILO’s Special Tripartite Committee, these changes aim to improve…
ISWAN and Indian Maritime University Host Seafarer Education Awareness Session (SEAS)
The International Seafarers’ Welfare and Assistance Network (ISWAN), in collaboration with IMU’s Maritime Law Network (IMLAN) and Seafarers Legal Support (SeaLegS) – CPRiMeS, Indian Maritime University, successfully conducted a Seafarer Education Awareness Session (SEAS) to equip cadets with crucial knowledge for their careers at sea. The session welcomed 120 cadets and seafarers, including alumni and…
India-Africa Trade to Double with DP World’s Bharat Africa Setu Initiative
DP World, a leading global provider of smart end-to-end supply chain solutions, today announced the launch of the Bharat Africa Setu. This initiative is being developed under the guidance of the Government of India’s Ministry of Commerce and Industry and Ministry of External Affairs. This platform will provide Indian businesses access to robust warehousing, trade…
Port Sector Skill Development Gets a Boost
Pratik Bijlani – Gateway Terminals India (GTI), also known as APM Terminals Mumbai, has partnered with the Jawaharlal Nehru Port Authority (JNPA) and Vadhvan Port Project Ltd. (VPPL) to launch a transformative skill development programme for the port sector. This initiative, aligned with the Government of India’s “Skill India Programme” and the Union Budget 2025’s…
BALTIC FORWARDASSESSMENTS
BFA CAPESIZE PERIOD VALUE CHANGE Apr 25 16,333 $/day -375 May 25 18,421 $/day -408 Jun 25 19,771 $/day -167 Jul 25 19,304 $/day -4 Aug 25 19,542 $/day 17 Sep 25 19,950 $/day -38 Q2 25 18,175 $/day -317 Q3 25 19,599 $/day -8 Q4 25 20,617 $/day -62 Q1 26 12,121 $/day -54…
UAE Deputy Prime Minister Inaugurates DP World’s State-of-the-Art Nhava Sheva Business Park in India
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…
Indian Register of Shipping Creates History with Largest Corporate Flag Made on Cloth, Setting a New National Record
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…