Dry Market Round Up
Insight… and perspective Shipping since 2020 has been shaped by events more than we have been used to. The Dry bulk market is no exception with Covid-19, the Russian invasion of Ukraine, and the Middle East conflict major waypoints on how the environment unfolded. So-called ‘fundamentals’ gave way to outside factors which have reshaped them…
2024 Budget Incentives for Indian Shipping Industry
The Indian Union Budget for 2024 has introduced a series of incentives aimed at revitalizing and expanding the shipping industry, a crucial sector for the nation’s economic growth. These measures are designed to address longstanding challenges, enhance competitiveness, and align with India’s strategic maritime ambitions. A significant aspect of the 2024 Budget is the extension…
Pension to Seafarers
Delphine Estibeiro In an epistle to the Honourable Minister of Port, Shipping, and Waterways, Mr Sarbanand Sonowal, members of the Forward Seamen’s Union of India (FSUI) expressed their gratitude to Mr Sonowal for taking the initiative to resolve the seafarers’ long-pending pension demands. Mr Manoj Yadav, General Secretary of the FSUI, stated that the long-pending…
Does Steel Slump Signal Trouble: Dry Cargo Key Insights
China’s leadership is making a concerted effort to bolster its manufacturing sector, particularly focusing on higher-tech industries like batteries, EVs, and solar panels. However, this strategy appears to be encountering some challenges. Domestically, Chinese consumers are known for their frugality, while globally, there’s growing resistance to Chinese products. This trend is reflected in our forecast…
Dry Market Roundup
Summer is over in the United Kingdom. The end August Bank holiday has passed and, with it, the Notting Hill Carnival. As people return to their desks, we expect a more positive direction in shipping markets after a somewhat directionless holiday period. In the dry and wet bulk sectors, hopes for better rates and sustained…
IRS and National Centre for Polar and Ocean Research ink agreement for Advanced Ocean Research Vessel
In a significant stride towards bolstering maritime research, Indian Register of Shipping (IRS) has formalized an agreement with the National Centre for Polar and Ocean Research (NCPOR), under the Ministry of Earth Sciences, Government of India. This pivotal agreement, which includes construction supervision of new research vessel to be built at Garden Reach Shipbuilders &…
