Padmesh Prabhune – Cochin Shipyard Ltd (CSL) one of the largest shipbuilding and maintenance facilities in the country will build 65 ships worth 22,000 crores, fuelled by green energy for Indian and international clients, including the Indian Navy. According to reports, CSL has an all-time-high order book of around ₹22,000 crore, involving building 65 ships,…
On September 13th, a key conference titled “India’s Role in MSC: Ensuring Safer & Sustainable Shipping” took place at the IRS Auditorium in Powai, Mumbai. The event was organised by the Directorate General of Shipping in collaboration with the Indian Register of Shipping (IRS), the Company of Master Mariners of India (CMMI), the Institution of…
Padmesh Prabhune – India is to host the inaugural symposium of MAITRI a new regional Maritime Initiative for Training in the Indo-Pacific to enable its partners in the region to maximize tools provided through the Indo-Pacific Partnership for Maritime Domain Awareness (IPMDA) and other Quad partner initiatives, to monitor and secure their waters, enforce their…
Pratik Bijlani – On September 19, 2024, the Annual General Meeting (AGM) of the Association of Multimodal Transport Operators of India (AMTOI) took place at the West End Hotel in Mumbai, marking a key milestone for the organization. AMTOI, established in 1998, is a pivotal trade body representing companies involved in multimodal transport, logistics, and…
The Baltic Dry Index has been trading within a narrow range over the past few weeks, closing today at 1,890 points. After a brief attempt to break the 2,000-point mark earlier in September, the index has mostly moved sideways. Despite this, it remains significantly higher compared to both early August 2024 and early September 2023…
Pratik Bijlani – The Cargo Integrity Group (CIG) has raised concerns over the lack of consistent reporting by national administrations on container inspections, a critical element in ensuring maritime safety. An analysis by CIG revealed that less than 5% of 167 national governments are submitting inspection results to the International Maritime Organization (IMO), despite a…
Pratik Bijlani – A new report by the Diversity@Sea pilot, a Global Maritime Forum (GMF) initiative, has highlighted seven critical areas where the maritime industry must urgently improve to enhance seafarer welfare. The report, “Improving Seafarer Well-being: Preliminary Findings from the Diversity@Sea Pilot Project,” comes at a time of growing concern over the working conditions…
Pratik Bijlani – The MSC Mediterranean Shipping Company continues its aggressive expansion strategy with the acquisition of two more secondhand container vessels from the German market. The Geneva-based liner giant, led by Gianluigi Aponte, has added the 1,440-TEU Cape Flint (built in 2006) and the 2,526-TEU Jan Ritscher (built in 1999) to its growing fleet,…
The era of post-cold war globalization has been marked by numerous shocks, including the 9/11 attacks, the global financial crisis, Covid lockdowns, and Russia’s invasion of Ukraine. Each of these events sparked fears that global trade would come to a grinding halt, but surprisingly, the system has not only survived but thrived. Despite these challenges,…
