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…
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…
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.…
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…
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,…
Much has been said about the China deceleration and it is beginning to look as if it is speeding up rather than finding a floor. The CSI 300 closed today at its lowest in nearly six years. Latest data shows Chinese steel rebar prices at sub $430 a ton, the lowest level since early 2017,…
Kamal Chadha – Egypt’s president announced on Sunday last that the nation has experienced a staggering 60% drop in Suez Canal revenues, translating to a loss of over $6 billion in recent months. This decline is largely attributed to attacks by Yemen’s Houthi rebels, which have disrupted shipping routes in the Red Sea. President Abdel…
As the maritime industry matures, the emergence of Maritime Autonomous Surface Ships (MASS) poses substantial legal challenges and opportunities. By 2024, the integration of MASS into global shipping operations will demand a thorough examination and adaption of existing maritime laws and regulations to address the particular challenges that these vessels present. The International Maritime Organisation…
Global shipping and financial markets closely monitored central bank meetings this week, as policymakers in major economies outlined their strategies for future monetary policy. The US Federal Reserve, the Bank of England, the Bank of Japan, and the People’s Bank of China made pivotal announcements that are set to influence economic growth and interest rate…
Pratik Bijlani – On September 18, 2024, the Bamboo Plantation Inauguration Ceremony at St. Jude India Childcare Centre, Sewri, Mumbai, marked a significant step toward sustainability, jointly organized by D.G. Shipping, Mumbai Port Authority, ANA (Amazeng Nautical Association), and WICCI (Women’s India Chamber of Commerce and Industry). This event aimed to transform Mumbai Port Authority…