News – Page 14 – Marex Bulletin

Seafarers’ Welfare Takes Centre Stage: NUSI Organizes Crucial Meeting with DG Shipping Officials and ITF Leaders in Mumbai

Oct 7, 2024MarexNews

Senior officials from the Directorate General of Shipping met with key delegates from the International Transport Workers’ Federation (ITF) in an important step towards enhancing seafarers’ well-being. Mr. Steve Trowsdale, ITF Inspector Coordinator; Mr. Mohamed Arrachedi, ITF, FOC Network Coordinator for Arab World and Iran; Mr. Jonathan Warring, Senior Legal Advisor; and Capt. Tushar Pradhan…

China Scores with 2nd Box Ship Navigating Arctic Route

Oct 7, 2024MarexNews

Capt Kamal Chadha – China Scores with 2nd Box Ship Navigating Arctic Route Barely a week after a Panamax container ship successfully navigated the Arctic, a second vessel of this size, the NewNew Panda, has embarked on its own historic journey. The 4,363 TEU vessel set sail from Nansha, near Hong Kong, on September 19.…

Fasten Your Lines! Know Your Rights as a Seafarer

Oct 7, 2024MarexNews

Mr Harsh B Buch – Forming the backbone of international maritime trade, seafarers often face harsh working conditions, exploitation, and violations of even their basic rights. Seafarer rights have garnered attention in recent decades leading to the development of comprehensive international legal frameworks. Yet challenges persist due to the global nature of the industry, the…

Ramifications for Indian Shipping & Trade of Escalating West Asia Attacks

Oct 7, 2024MarexNews

Capt Kamal Chadha – Iran’s recent missile attacks on Israel have escalated tensions in West Asia, causing concerns about the accessibility of the crucial Red Sea shipping route for global trade. With fears that these tensions may result in prolonged disruptions, international shipping lines are bracing for potentially high freight rates. The situation has prompted…

Sustainability in Logistics: AMTOI ESG Council Shares Key Takeaways

Oct 7, 2024MarexNews

Pratik Bijlani– On September 25th, the Association of Multimodal Transport Operators of India (AMTOI) ESG Council hosted a major information session at the CCI Club in Mumbai, focussing on Environmental, Social, and Governance (ESG). It sought to promote sustainable practices in the logistics and multimodal transportation sectors by bringing together industry professionals to debate the…

Mahalakshmi Iyer Creates Magic with her Live Performance at Kashti 2024

Oct 1, 2024MarexNews

Tremendous Crowd Response at Celebration of World Maritime Day in Mumbai Padmesh Prabhune – The 13th edition of Kashti, Marex Media’s annual musical concert celebrating World Maritime Day, set the stage ablaze on Friday, September 20, 2024, in Mumbai. This year, the audience was treated to a mesmerizing live performance by the incredibly talented Mahalakshmi…

DRACEA Global Meet to Be Held in Glorious Goa

Oct 1, 2024MarexNews

A Call to Rewind, Reconnect, Renew! The much-anticipated Dufferin Rajendra Chanakya Ex-Cadets Association (DRACEA) Global Meet is set to take place from Friday, November 15 to Monday, November 18, 2024, at the stunning Lalit Golf & Spa Resort in Goa. This year’s event promises to be a vibrant reunion for alumni, bringing together former cadets…

MoPSW to Establish Ship-building and Ship-repair Clusters in 5 States

Oct 1, 2024MarexNews

Padmesh Prabhune – The Ministry of Ports, Shipping & Waterways (MoPSW) is to stablish Ship-building and Ship-repair Clusters in 5 states across the country. Addressing the media, the Union Minister of Ports, Shipping and Waterways Shri Sarbananda Sonowal, presented an extensive overview of the significant milestones achieved by the Ministry during the first 100 days.…

NEW BUILT CHINESE SUB SINKS, MARKING A SETBACK IN NAVAL RACE WITH USA

Oct 1, 2024MarexNews

The first Zhou-class submarine, a cutting-edge nuclear-powered attack vessel, sank at the Wuchang shipyard in Wuhan. This unfortunate incident marks a significant setback for China’s ambitions to expand and modernize its naval fleet amid an ongoing arms race with the United States. The sinking occurred dockside sometime in May or June of this year but…

Philippines Sets New Standards with Its ‘Magna Carta’ Bill for Seafarer Rights & Training

Oct 1, 2024MarexNews

Padmesh Prabhune – The Philippines has enacted a bill dubbed the “Magna Carta”, containing a comprehensive set of rights for its seafarers primarily working on international ships. The bill earned the name Magna Carta because of the sweeping rights it enshrines, providing a comprehensive framework while also setting strict new standards in training, education,…