Macro Environment South America’s largest economy, Brazil, saw its Gross Domestic Product (GDP) grow by 1.4% in the second quarter of 2024, significantly surpassing expectations. Compared to the same period in 2023, Brazil’s GDP increased by 3.3 percent. The industrial sector was the top performer from April to June this year. Conversely, agriculture experienced a…
Pratik Bijlani – On August 30, Anglo-Eastern Maritime Academy (AEMA) staged a graduation ceremony for GME Batch 41 and ETO Batch 15 at Karjat, Mumbai. The celebration marked a significant milestone for the graduates, as they completed their pre-sea training course and prepared to begin their maritime careers. The Electro-Technical Officer (ETO) course at AEMA…
Kamal Chadha – The past year proved to be a challenging time for ports, terminals, and maritime operations globally, with a surge in unwelcome cyber incidents. From a ransomware attack crippling a major ship software supplier in Norway to the disruption at Japan’s largest port and a cyberattack on a defence shipbuilder, the maritime sector…
Pratik Bijlani – The Maritime Trainers Guild (MTG) celebrated its Foundation Day Anniversary on August 3, 2024, with a grand ceremony attended by prominent leaders in the maritime business. MTG, a professional organisation dedicated to the growth and improvement of maritime training and education, has played an important role in assisting trainers, raising training standards,…
Pratik Bijlani – A.P. Moller-Maersk A/S, a leading worldwide shipping corporation, has announced a strategic shift in its fleet renewal program, emphasising dual-fuel vessels that can operate on liquefied natural gas (LNG), bio-LNG, and conventional fuels. The company is in the midst of acquiring 50-60 vessels totalling 800,000 twenty-foot equivalent units (TEU). This fleet renewal…
Pratik Bijlani On July 31st, 2024, the Institute of Chartered Shipbrokers (ICS) Mumbai Branch, in partnership with the Shipping Corporation of India (SCI), hosted a critical maritime industry meeting titled “Insight on Continuous Education” at SCI’s office in Mumbai. The program emphasised the necessity of ongoing education for seafarers and how being an ICS member…
Padmesh Prabhune – In the wake of the political turbulence after the collapse of erstwhile Prime Minister Sheikh Hasina’s government in Bangladesh, the Directorate General of Shipping (DGS) following an advisory from the Ministry of External Affairs has in turn issued an advisory for seafarers, RPS agents, employers/vessel-owners to avoid travel to Bangladesh till further…
Pratik Bijlani – On August 2, 2024, the Company of Master Mariners of India (CMMI) and the Indian Institute of Management (IIM) announced the start of their Executive MBA program in Maritime Management, Logistics, and Supply Chain. The event, held at the Hotel Kohinoor in Mumbai, marked the start of the course, which is set…
