Dry Market Roundup
Global economic growth has shown signs of resilience in the past few years, supported by easing inflationary pressures and steady, albeit uneven, recovery in key regions, according to the OECD. After a slower-than-expected start to 2024, global growth remains moderate, with forecasts pointing to a slight pickup in the coming quarters. OECD projects that this…
IRClass Systems and Solutions Pvt Ltd Announces Key Leadership Appointments
IRClass Systems and Solutions Pvt Ltd (ISSPL), a leading provider of testing, inspection, and certification (TIC) services is pleased to announce key leadership appointments aimed at strengthening its strategic vision and operational excellence. Mr. Vinay Kshirsagar has been appointed as the Managing Director of ISSPL effective from 1st December. With over 35 years of experience…
Global Viewpoints
Trump is back. He considers that he took over the presidency on Nov 6, the day that his victory in the Presidential election was confirmed, rather quicker than we had expected. Despite having criticized Biden for poor economic performance and inflation, he is now taking credit for the US economy’s strong showing. The seeds of…
US Trade Policy Takes a Hardline Turn
Under Trump’s prior administration, global trade underwent significant disruptions, particularly with the imposition of tariffs on Chinese goods during the U.S.-China trade war. Trump’s return to the White House could revive or intensify such policies, potentially reshaping global shipping routes. If tariffs on China increase or new trade restrictions are introduced, shippers might see a…
It’s Time to give Shipping the Recognition it Deserves
Each industry is inherently associated with a flagship product that embodies its identity. The steel industry is synonymous with its diverse steel products, agriculture with its harvested grains, aviation with its aircraft, and similarly, the maritime industry is quintessentially represented by the ship. The ship is an exemplary model of simplicity and innovation, playing a…
The Countdown Begins!
ATPI-Marex Indian Maritime Premier League Box Cricket Tournament Draw Ceremony Held with Great Fanfare Pratik Bijlani The 3rd edition of the ATPI-Marex Indian Maritime Premier League Box Cricket Tournament draw ceremony was held with great enthusiasm and excitement at The Celebrations Sports Club in Mumbai on Wednesday, December, 11th December. The ceremony marked the official…
DG Shipping Issues Advisory for Syria
Padmesh Prabhune In the wake of the political turbulence after the collapse of erstwhile Syrian President Bashar al-Assad’s presidentship, the Directorate General of Shipping (DGS) following an advisory from the Ministry of External Affairs has in turn issued an advisory for seafarers, RPS agents, employers/vessel-owners to avoid travel to Syria till further notice. The advisory…
IMO Felicitates Maritime Heroes
‘Exceptional Bravery at Sea’ bestowed upon Capt Avhilash Rawat & crew of MV Marlin Luanda Padmesh Prabhune – The International Maritime Organization (IMO) Awards Ceremony was held this week in London with the presentation of the International Maritime Prize for 2023 and 2024 IMO Honours for Exceptional Bravery at sea. This year the 2024 IMO Award for Exceptional Bravery at…