FOCAL POINTS – BAROMETER CHINESE FOCUSSED
Macro Environment China’s economy grew much slower-than-expected in August, weighed down by a protracted property crisis and poor domestic consumption amid consumers’ worries about job security, adding urgency for policy makers to roll out more support. In response to economic challenges, China’s Central Bank announced its most robust suite of economic stimulus measures since the…
Malicious and Baseless Posts WillNot Serve their Destructive Intent
Recently, a series of malicious posts have circulated, aiming to tarnish the reputations of certain leaders within the Maritime Union of India and undermine the integrity of the Union itself. These posts are not only poorly conceived but also venomous and vengeful, clearly motivated by envy and personal agendas. Such attempts to defame this esteemed…
Lateral Entry
A misnomer for meritorious entry to administrative services, not by breaking preserved queues but of necessity, welcomed to improve services to citizens: it being the primary duty of government servants, its abject failures is what is being corrected. For, those with high IQ selected, trained and posted, most often fail to perform due to various…
DG Advisory to Avoid Travelling to Iran Amidst
In the light of the ongoing Iran-Israel war, 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, and employers/vessel-owners to avoid travel to Iran till further notice. The DG Shipping in its advisory mentions that due to the ongoing…
FFFAI Launches Skill Development Centre under PMKVY 4.0, Empowering India’s Logistics Workforce
The Federation of Freight Forwarders’ Associations in India (FFFAI) proudly inaugurated its Skill Development Center in Dronagiri, Maharashtra, on September 17, under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) 4.0. The event marked a significant milestone in FFFAI’s efforts to bridge the skills gap in the logistics sector. Eminent dignitaries, including Mr DS Garbyal, Commissioner…
International Maritime Federation Hosts 9th Annual General Meeting
The International Maritime Federation (IMF) held its 9th Annual General Meeting on September 27th at The Park Hotel in Belapur, bringing together members from various sectors of the maritime industry. Chairman Mr. Vivek Rastogi kicked off the meeting with a warm welcome, highlighting the importance of collaboration and innovation within the maritime community. The keynote…
OM Maritime Opens New-Building Account
OM Maritime has made a significant move by securing its first-ever newbuildings from Jiangxi New Jiangzhou Shipbuilding Heavy Industry in China. This Singapore-based niche tanker company has placed firm orders for two stainless steel chemical tankers, each with a deadweight tonnage of 13,800 dwt. These state-of-the-art vessels will feature twelve duplex stainless steel cargo tanks,…
SHIPPING MARKETS
It has been a bad week for President Zelensky of Ukraine, for lame-duck President Biden of the US, and for Nato. And all for the same reason: western dithering in the face of Putin’s empty threats to resort to the use of tactical nuclear weapons. The transatlantic alliance eventually got around to supplying old battle…
Maritime Major V.Group Bolsters India Presence with Expanded Chennai Hub
V.Group, a leading global ship manager and marine services provider, has inaugurated its expanded office in Chennai, India, reinforcing its commitment to the region. This strategic move strengthens V.Group’s ability to engage with customers and seafarers, building on its 40-year history in India. The state-of-the-art office brings together over 200 colleagues under one roof, supporting…