The Entire shipping industry is a service industry and is affected by worldwide political upheavals, natural disasters, wars, trade sanctions – tariffs, etc. for business policies to stay firmly on the water. On the macro-economic front, the Reserve Bank of India (RBI) made headlines this week after a prolonged period of policy inertia. The central…
The Indian Institute of Management (IIM) Mumbai and the Centre for Maritime Management and Innovation (CMMI) recently inaugurated the Campus Immersion Ceremony for the Executive MBA in Maritime Management, Logistics and Supply Chain program. This prestigious collaboration between IIM Mumbai and CMMI marks a significant milestone in the development of the maritime industry, providing a…
Pratik Bijlani – A fire aboard the Hong Kong-flagged container ship ASL Bauhinia has prompted a comprehensive maritime investigation following confirmation that the incident was unrelated to Houthi militant activity. The blaze broke out on January 28, occurred approximately 122 nautical miles northwest of Hodeidah, Yemen, in the Red Sea—a region fraught with hazards for…
The Great Eastern Shipping Company Limited has announced the appointment of Mr Amitabh Kumar as an Additional and Independent Director, effective January 28, for tenure of 5 years. This move is expected to bring significant expertise and experience to the company’s board, given Mr Kumar’s impressive background in administration, shipping, and public service. Mr Kumar…
For the first time in history, the Women’s International Shipping and Trading Association (WISTA) International Board will hold its mid-term meeting in India. This landmark event underscores WISTA’s dedication to fostering diversity, inclusion, and leadership in the global maritime, trading, and logistics sectors. To commemorate this historic occasion, WISTA India is hosting its first WISTA…
The maritime industry is at the tipping point of a data revolution. For decades, noon reports – a once-daily snapshot of a vessel’s performance – have been the cornerstone of voyage tracking and optimisation. However, the game is changing with the advent of high- frequency data (HFD) systems. This shift is not just a technological…
A recent investigation by the Organized Crime and Corruption Reporting Project (OCCRP) and Follow the Money has revealed that European and American shipowners have made a staggering $6.3bn from selling hundreds of ageing tankers to shell companies, which then become part of the shadow fleet. This fleet is used to transport oil for Russia, despite…
Technology group Wärtsilä has renewed its Operation & Maintenance (O&M) Agreement with Indian energy company Caparo Power Ltd (CPL). This marks the second extension of the original agreement, which was signed in 2010 after the commissioning of CPL power plant in Bawal, Haryana, India. The latest renewal was booked in Q4 2024 and will remain…
The CMA CGM Foundation and Child Rights and You – CRY have renewed their partnership in 2025 to develop three more educational centres in underprivileged areas of Kurla, Mumbai. These centres will provide socio-educational support to over 500 marginalized children between the ages of 6 and 18. They will notably offer tailored educational programs aligned…
