In a significant step underscoring India’s leadership in maritime welfare, professional training, and humanitarian outreach, the Sun International Institute for Tourism & Management (SIITM), in association with Osher Ship Management Pvt Ltd, has signed a Memorandum of Understanding (MoU) with the Global Seafarers Welfare Organisation (GSWO). The agreement extends SIITM’s charity arm to support seafarers…
CMA CGM, a global player in sea, land, air and logistics solutions, has marked a significant milestone with its new vessel call at Hazira Port, reinforcing the Group’s long-term commitment to India and its growing maritime trade ambitions. This landmark call marks a strategic expansion of CMA CGM’s Indian network reflecting the Group’s focus on…
I learnt in Shipping over several decades, the industry flourishes on Calamities like famine, floods, closure of Canal’s, Straits etc. For Historians – The Closure of Suez Canal was the biggest benefit to the Shipping industry in those days. On 6th June 1967, after the start of the Six-Day War, Egypt closed the Suez Canal,…
As 2025 drew to a close, a highlight was that the United States had undertaken its largest troop mobilisation in the Caribbean in decades. Its Navy has deployed its most advanced aircraft carrier, along with fighter jets, amphibious vessels, attack submarines and tens of thousands of troops, as it intensifies its pressure on Venezuela in…
Pratik Bijlani – Sagarmala Finance Corporation Limited (SMFCL), India’s first maritime-focused non-banking financial company (NBFC), has formally commenced lending operations, marking a significant milestone in strengthening the country’s maritime finance ecosystem. At its 51st Board Meeting held on December 30, 2025, SMFCL approved loan sanctions amounting to approximately ₹4,300 crore, formally entering the maritime lending…
According to FICCI, for India to achieve its goal of becoming the world’s third-largest economy by 2027, it is critical to expand production capacity, strengthen infrastructure, and enhance services both domestically and across global supply chains. The Indian logistics sector, valued at around US$380 billion in 2025, has grown steadily from US$250 billion in 2021,…
