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The Baltic Dry Index’s closing at 1410 points this week highlights persistent demand-side pressures across vessel segments within the dry bulk sector. Capesize vessels, predominantly reliant on iron ore shipments, saw daily earnings fall to $15,395 – a level last observed in early January—reflecting diminished iron ore trade flows, compounded by market apprehensions over China’s…
The SISL-Marex International Maritime Legal Conference & Awards 2024 is set to take place on November 13th at the prestigious Hotel Taj Santacruz in Mumbai. This highly anticipated event, themed “Navigating Maritime Legal Tides: Current Trends & Future Horizons,” aims to bring together maritime legal experts, industry stakeholders, and policy makers to explore the evolving…
The Directorate General of Shipping (DG Shipping) and the Institute of Marine Engineers (IMEI) collaborated on October 28 to host a technical seminar discussing the key takeaways from the 82nd session of the IMO Marine Environment Protection Committee (MEPC 82). At the IRS Auditorium in Powai, Mumbai, industry experts gathered to explore the latest developments…
In a significant boost to its maritime sector, the Indian Government has announced plans to launch a new shipping line in 2024. This initiative underscores the country’s commitment to enhancing its logistics capabilities and expanding its global trade footprint. The move is poised to strengthen India’s position as a key player in international shipping and…
5 Ways How Attending a Maritime Conference Can Boost Your Chances of Finding a Shore Job There are numerous such stories where those desiring to step ashore found a path in this manner to a suitable career and their dreams. They could have just kept sailing and continued living a sequestered disillusioned life. But NO,…
US bonds are plunging amidst a global sell-off as investors worry that interest rates will need to stay higher for longer to tackle rising US government debt. The yield on 10-year Treasuries has soared from as low as 3.6% in September to 4.2% today as bond prices fall. Borrowing costs around the world are thus…
Pratik Bijlani On October 21, Maritime Management Service Group (MMS) and its affiliates presented a comprehensive lecture, ‘RPSL: Trends, Case Studies, and Way Forward,’ at Mumbai’s Garware Club. Industry leaders and maritime experts convened to examine pivotal RPSL system concerns, discussing emerging trends and strategic futures. Capt Daniel Joseph, Deputy Director General of DG Shipping,…
Pratik Bijlani Wärtsilä convened its Simulation User Seminar on October 16, at The Courtyard by Marriott in Mumbai, convening maritime experts, scholars, and industry leaders to examine cutting-edge simulation technologies and applications. Under the leadership of Neil Bennet, General Manager at Wärtsilä, the event brought together industry luminaries, with Captain SI Abul Kalam Azad, Nautical…
Pratik Bijlani CMC Maritime Academy Mumbai formally launched its campus on October 10th, at Vashi, Navi Mumbai, in a ceremony attended by prominent maritime industry leaders. The maritime industry heavyweights who attended the event were Mr Shyam Jagannathan, IAS, Director General of Shipping, Government of India, Capt MP Bhasin, Chairman, CMMI; Capt Anshul Rajvanshi, MD…