Padmesh Prabhune – In its bid to enhance its educational capacities the Indian Maritime University (IMU) has signed two Memorandums of Understanding (MoU) at the ‘Alumni and Industry Meet’ held this week in Mumbai. While the first MoU was signed with R K Mehrotra Holdings Pvt. Ltd., a subsidiary of the Foresight Group that has…
Known as one of the most ancient systems in the maritime trade, General Average is intriguingly unique, a system that finds place only in maritime trade. The earliest mention of the principle that allows jettisoning of goods over the vessel to avert further peril, loss of which shall be contributed by all the parties concerned…
Pratik Bijlani – Yemen’s Houthi armed organisation has claimed responsibility for a ballistic missile strike on the Liberian-flagged container ship MV Groton in the Gulf of Aden. This is the first attack on shipping by the Houthis since an Israeli bombardment on the port city of Hodeidah on July 20. Yahya Saree, the Houthi military…
Pratik Bijlani – On July 26, the Forward Seamen’s Union of India (FSUI) hosted a critical symposium at The Park hotel in Navi Mumbai to address the issues that Indian seafarers confront abroad. The symposium, which focused on seafarer safety and the role of insurance during uncertain times, brought together industry leaders, union officials, and…
Pratik Bijlani – ABS Marine Services hosted a special ceremony on July 26 to commemorate Mr Vijay Arora’s retirement as Managing Director of the Indian Register of Shipping (IRClass). The event, held at Mumbai’s Garware Club, brought together industry leaders, colleagues, and friends to recognise Mr Arora’s outstanding contributions and accomplishments throughout his career. Mr…
Illegal, unreported, and unregulated (IUU) fishing endangers marine ecosystems, food security, and the livelihoods of millions of people worldwide. IUU fishing, which is projected to cost up to $23.5 billion per year, hampers attempts to manage and conserve fisheries sustainably. Addressing this complicated issue requires strong maritime legal frameworks that include international cooperation, efficient enforcement,…
Dry Markets – Typically, late July’s dry bulk shipping reports are vibrant, filled with speculations on the Baltic indices’ peaks. However, this year has been an anomaly, with such discussions vanishing into obscurity. On Thursday, the Baltic Dry Index (BDI), a key activity indicator in the dry bulk sector, plunged back into the three-digit range,…
