The National Union of Seafarers of India (NUSI) has successfully negotiated a two-year upward revision of the NUSI Norwegian agreements. The revised agreements, effective from January 1, 2025, to December 31, 2026, include significant increases in wages and improvements in terms and conditions for all ratings and petty officers working on Norwegian flagships. Key Highlights…
Reflecting on last year’s trends, the Capesize segment once again stood out for its volatility. In the span of just one month, Capesize rates had surged from $21,645 to $31,089 per day before plummeting back to $18,461 daily. This volatility was characteristic of a market susceptible to rapid swings. The Panamax sector, however, exhibited more…
The US presidential election results is now only days away and the result is still regarded as a coin toss. Given the high probability of recounts and contested states, we will unlikely have a result on Nov 6, the day after the election. Trump and the Republicans have already clarified that they will contest the…
On 15th November, Dr N Reuben Paul, Chairman of the Merchant Navy Welfare Board (India), convened a high-level meeting with key members of the Board to address the ongoing challenges faced by seafarers in Indian ports. The meeting, held at Hotel Taj Santacruz, Mumbai, was attended by representatives from various port welfare committees, seafarers’ missions,…
The World Maritime University India Alumni Association (WMUIAA) was officially inaugurated in Mumbai on 14th November 2024. The association was launched by Professor Maximo Q. Mejia, President of the World Maritime University (WMU), with Mr. Joakim Gunnarsson, Consul of Sweden in Mumbai also in attendance. Hosted by the Swedish Consulate, the ceremony brought together graduates…
Record-breaking numbers of cadets and ratings from across the globe have attended the 2024 Sailors’ Society’s cadet conferences. The four virtual interactive events held for North and South East Asia, Africa, and this month for the UK and Europe, explored wellness and mental health with a focus on key and current issues facing today’s cadets…
Pratik Bijlani – The Company of Master Mariners of India (CMMI) held its monthly meeting on November 14, at VR Maritime Services Pvt Ltd, Mumbai, focusing on the transformative potential of data analytics for maritime risk management. The event attended both in-person and virtually, provided a platform for discussing innovations in predictive safety models, with…
In a remarkable achievement for Maritime innovation, Executive Group of Companies, has received the prestigious ClassNK Innovation Endorsement in the Product & Solution category. This recognition is for its groundbreaking “Ship Energy Efficiency Monitoring System” (SEEMS). Samundra Institute of Maritime Studies (SIMS) led this Synergistic project. SEEMS, an indigenous and cost-effective solution, was conceptualized, designed,…
