Pratik Bijlani – The IMO’s Sub-Committee on Pollution Prevention and Response has made significant strides in advancing global maritime environmental standards during its 12th session in January 2025. A key outcome is the draft 2025 Action Plan to Address Marine Plastic Litter from Ships, which aims to reduce shipping and fishing-related plastic waste, enhance public…
Posting 8.3% Growth and Solidifying its Position as a Global Logistics Leader DP World’s ports and terminals handled a record 88.3 million twenty-foot equivalent units (TEUs) in 2024, up 8.3% year-on-year despite, despite macroeconomic headwinds and concerns over the outlook for global trade. The global logistics business, which now has the capacity to handle more…
Pratik Bijlani – The Jawaharlal Nehru Port Authority (JNPA), widely recognized as India’s best-performing port, continues to excel in its operational performance and trade facilitation. In January 2025, JNPA handled an impressive 635,665 TEUs of containers, reflecting a significant 23.21% increase compared to the same month in 2024. Total cargo throughput for the month also…
A year ago, it was highlighted that a relatively stable dry bulk market will prevail, with the Panamax segment standing out after posting a weekly gain of $1,317 and closing at $15,263 per day. The geared tonnage segments displayed a predominantly sideways trend but ended positively, with Supramax rates at $11,711 and Handysize at $10,735…
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…