The slowdown in Chinese soybean imports is notable as a significant factor contributing to the deceleration in Brazilian soybean exports, although the figures remain remarkably high. Brazil’s soybean exports in January decreased to 2.9 million metric tonnes, down from December’s 3.8 million metric tonnes, according to Brazil Customs. Trade flow data from LSEG shows a…
Pratik Bijlani – The Alette Maersk, the first container vessel to use low-carbon methanol fuel, just crossed the Pacific Ocean, making maritime history. However, upon arrival in the Port of Los Angeles from China, the 1,148-foot vessel encountered a serious setback: the lack of green fuel available in the United States. Forced to use petroleum-based…
Capt Kamal Chadha – Russia has rerouted VLCC carrying oil around Africa to Asia, potentially to avoid Houthi attacks on merchant shipping in the Red Sea. Two Suezmax-class ships, Apus and Arlan, transferred their cargoes to the Very Large Crude Carrier (VLCC) Gold Pearl near Egypt’s Port Said earlier this month. The Gold Pearl then…
Hon’ble Union Minister of Ports, Shipping and Waterways Shri Sarbananda Sonowal visited Maritime Training Institute (MTI), Powai, a leading institution dedicated to imparting benchmark training in the maritime field for more than three decades. The visit highlighted MoPSW’s commitment to skills development and educational excellence to complement the growth of Indian Maritime Industry. During the…
Indian Register of Shipping (IRS), a leading international classification society, is proud to announce the successful delivery of the Double Hull Oil Tanker “MT ELGON” on 16th August 2024. The vessel, built by Mahathi Shipyard Uganda Ltd, under the stringent classification standards of IRS, will commence operations in Lake Victoria, serving the surrounding nations of…
Pratik Bijlani – The Sounion, a Greek-flagged oil tanker carrying 150,000 tonnes of crude oil, was attacked in the Red Sea on Wednesday, resulting in a major maritime security situation. Two small boats approached the vessel about 77 nautical miles west of Yemen’s port of Hudaydah. The attackers opened fire on the Sounion before it…
Capt Kamal Chadha – Banking giants like ING and Citigroup respond to Red Sea incidents by monitoring adherence to safety protocols Major Banks are set to limit loans to shipowners neglecting crew safety, following Red Sea vessel attacks and other controversies shedding light on seafarers’ predicament. Top executives from eight banks, including ING and Citigroup,…
Padmesh Prabhune – China has launched a new generation of highly energy-efficient inland cargo ships. The two ships were launched on August 22 at the Shandong Xinneng Shipbuilding Company. While one of the vessels for container transport runs on LNG, 295 feet (90 meters) in length, the second vessel is 222 feet (67.6 meters) in…
