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 &…
STCW Comprehensive Review Brings Maritime Leaders Together
Pratik Bijlani – The Directorate General of Shipping, in partnership with the Company of Master Mariners of India (CMMI) and the Institute of Marine Engineers (IMEI), hosted a major STCW Comprehensive Review Workshop on August, 27th at MSC Crewing Services Pvt Ltd in Mumbai. This workshop is an important milestone in the continuing global assessment…
OLYMPIC FUMBLES
What near misses and such few medals for having stayed in the race! None of gold and silver; so be contented with bronze if nothing else! But let’s soul search what’s wrong and why such poor paltry success for such a sub-continental country lacking nothing at all as proven in many other fields! If Asian…
Strain on Global Shipping Market In 2024 And Its Impact On Inflation
In 2024, the global shipping industry, which serves as the foundation of international trade, is facing unprecedented challenges. This sector-wide pressure is affecting supply chains while also contributing to broader economic concerns such as inflation. Here’s a closer look at the issues behind the strain on global shipping and the resulting inflationary repercussions. Rising geopolitical…
MSC Antonia Loses 46 Containers Amid Severe Weather in Indian Ocean
Pratik Bijlani – On August 28, the Liberia-flagged container vessel MSC Antonia encountered severe weather in the Indian Ocean corridor, resulting in the loss of 46 containers and damage to 305 others. The incident occurred approximately 29 nautical miles northeast of Port St. Johns, off South Africa’s Eastern Cape, while the vessel was en route…
HIMT Celebrates a Dual Milestone
HIMT College recently marked a momentous occasion during India’s 78th Independence Day celebrations, hosting two significant events: the Passing out Parade of the 25th Batch of Graduate Marine Engineering (GME) and the 31st Batch of Electro-Technical Officers (ETO), alongside the induction of the 2nd batch of Synergy-sponsored Diploma in Nautical Science (DNS) cadets. The day…