Growth in Asia is projected to decelerate in 2024 and 2025, reflecting the diminishing impact of pandemic recovery and long-term structural factors such as population aging. However, the region’s short-term outlook has been revised upward since April by the IMF, with regional growth in 2024 now forecast at 4.6 %, an increase of 0.1 %age…
The Baltic Dry Index (BDI) ended the week at 1,537 points, with all segments remaining in the red. Traditionally, this time of year witnesses bullish sentiment, often characterized by surging rates and a hunt for market peaks. However, the current landscape tells a different story, with market dynamics under pressure and seemingly searching for a…
The Cornerstones of Success Mr Alexandros Stafilopatis’ upbringing in a family deeply rooted in the maritime industry fostered an organic understanding of its requirements. His father, a captain, and his uncle, an engineer, instilled in him the importance of empathy and expertise. He spent time on voyages in the North Sea, South America, and the…
Padmesh Prabhune The Government of the Philippines and the European Union announced the launch of the Technical Assistance Project to improve seafarers’ training, education, and working conditions in the Philippines following its recent initiative of Magna Carta in September 2024. The joint training and certification project will continue until November 2027. Over the next three…
ClassNK, a world-renowned ship classification society, successfully hosted the “ClassNK Indian Technical Seminar” on November 21 at the Novotel Hotel in Mumbai. This esteemed event convened maritime professionals and thought leaders to deliberate on the industry’s pressing challenges, emerging regulatory landscape, and pioneering solutions. With a rich legacy dating back to 1899, ClassNK, headquartered in…
IMO Council has accepted India’s Proposal to include “well-being of seafarers” as one of the criterions while considering for the International Maritime Prize at its 133rd session that was held during 18 to 22 November 2024 at London. Indian delegation headed by Shri T.K Ramachandaran, IAS, Secretary, MoPSW, GoI, and Shri Shyam Jagannathan, D.G Shipping,…
The International Seafarers’ Welfare and Assistance Network (ISWAN) and Gujarat Maritime University (GMU) have released a new report shedding light on the widespread issue of recruitment fraud in India’s maritime sector. The report, titled: “The Impact of Recruitment Fraud on Indian Seafarers – A joint study by GMU and ISWAN”, uncovers how illegal recruitment practices…
The 11th edition of Samudra Manthan Awards 2024 with its theme – ‘Harit Sagar, Surakshit Sagar’ were recently held in Mumbai to honour Maritime Excellence in various categories. While the Shipping Corporation of India, SCI, bagged the prestigious ‘Shipping Company of the Year (Indian)’ award, the Jawaharlal Nehru Port Authority was adjudged as the Major…
