Padmesh Prabhune – The US Department of Justice is all set to sue 2 companies seeking $100M from 2 companies that owned the ship that caused Baltimore’s Francis Scott Key Bridge collapse in March earlier this year. According to reports, the Justice Department filed a lawsuit Wednesday seeking more than $100 million from the two…
Inland shipping in India, a major component of the country’s transport network, is facing a number of legal difficulties that jeopardise its efficiency and development. Despite its potential to boost economic growth and provide a sustainable alternative to road and rail travel, the sector is hampered by a number of legal and regulatory challenges. These…
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…
