Marine Fitters and Pump-Men Training Program Hailed as a Transformative Leap Forward
February 24 marked a significant milestone in the maritime industry as the first batch of trainees for the Marine Fitters and Pump Men Training Program commenced their journey at the NUSI Offshore Training Institute, located at Panvel, north of Mumbai. This initiative, a result of collaboration between Foreign Owners Representatives and Ship Managers Association (FOSMA)…
Streamlining Seafarer Certification
In a significant move towards digital transformation in the maritime industry, the International Chamber of Shipping (ICS), Lloyd’s Register OneOcean (LROO), and the Maritime Industry Authority (MARINA) of the Philippines have signed a joint Memorandum of Understanding (MOU). This landmark agreement outlines a pilot project to integrate seafarer certification systems and develop a new mobile…
Steel Market Size & Trends
The global steel market size was estimated at USD 1.47 trillion in 2024 and is projected to grow at a CAGR of 4.6% from 2025 to 2030. This growth is attributed to the rising investments in infrastructure and construction as they require substantial steel for projects. In addition, urbanization and population growth are increasing the…
CMMI Annual Dinner 2025 Celebrates Maritime Excellence and Industry Progress
Pratik Bijlani – The Company of Master Mariners of India (CMMI) held its much-anticipated Annual Dinner Function on February 15, 2025, at The Acres Club, Chembur, Mumbai. This flagship event served as a premier gathering for maritime professionals, fostering an atmosphere of camaraderie, collaboration, and celebration. Esteemed attendees included Shri Shyam Jagannathan, IAS, Director General…
Embracing a Sustainable Maritime Future: India’s Leadership in Green Shipping
Delphine Estibeiro – The maritime industry is at a critical juncture, as it navigates the challenges of reducing greenhouse gas emissions, promoting sustainable practices, and ensuring the well-being of seafarers. International Maritime Organization (IMO) Secretary-General Arsenio Dominguez highlighted India’s leadership in embracing the green transition and its commitment to sustainable shipping practices at the DGS-IMEI…
IMO Secretary-General Visits Maritime Training Institute to Foster Global Cooperation
Jagdamba Prasad Pandey – On 20th February, The Shipping Corporation of India Ltd (SCI) and SCI Land and Assets Ltd (SCILAL) hosted His Excellency Mr Arsenio Dominguez, Secretary-General, International Maritime Organization (IMO) at the Maritime Training Institute (MTI), Powai. The event was attended by prominent figures, including Shri Shyam Jagannathan, IAS, Director General of Shipping,…
Freight Market Insights
The current state of play in the drybulk market where there is a sense of anticipation amongst buyers for opportunities over the coming weeks. Three Capesize bulkers are reported sold. Cape Friendship (185,879-dwt, 2005 Kawasaki) is understood to been have picked up by a Chinese buyer for $16.1m with DD due in June this year.…
