Russian oil flows to India are set to collapse to near zero after new US sanctions hit energy majors Rosneft and Lukoil, cutting off the key trade lifeline that’s fuelled both economies for three years, senior Indian refinery executives told Bloomberg. It’s a sharp reversal for the world’s top buyer of Russian crude, as executives…
When we think about shipbuilding, we frequently picture big docks where people are welding, painting, and transporting big slabs of steel. But within shipyards, a new revolution is unfolding right now. “Smart shipyards” are revolutionizing how ships are built in the same way that cell phones transformed how we talk to each other. These shipyards…
In order to achieve the Objectives laid down in vision documents MIV 2030 and MAKV 2047 for the Indian Shipbuilding and Shipping, last month the Government, in a landmark decision, has approved a comprehensive package of ₹ 69,725 Crores to revitalize India’s shipbuilding and maritime ecosystem. The package introduces a four-pillar approach designed to strengthen…
India, with its coastline of 11098.81 km and exclusive economic zone of more than 2.3 million sqkm, is geographically located and positioned like a maritime bridge between East and West, linking the energy-rich Middle East, the resource-abundant Africa, and the manufacturing hubs of East and Southeast Asia. Nearly 35-50% of global maritime trade pass through…
Shipping Insights The ceasefire in Gaza went into force last Friday paving the way for the release on Monday of the 20 living Israeli hostages and the freeing of over 1,900 Palestinians from prison and detention. The scenes of jubilation were momentous and emotional and paid tribute to the individuals and countries that, through their…
The Federation of Freight Forwarders’ Associations in India (FFFAI) has marked a proud milestone as Mr Tej Contractor, Executive Committee Member of FFFAI, was elected Vice President of the International Federation of Freight Forwarders Associations (FIATA) during the FIATA World Congress held in Hanoi. The election, conducted under the leadership of FIATA President Dr. Thomas…
DP World and Women Entrepreneurship Platform (WEP), today announced a joint initiative ‘We Rise -Women Entrepreneurs Reimagining Inclusive and Sustainable Enterprises’ program. This program under the aegis of Award to Reward (ATR) initiative of WEP will help women entrepreneurs in India to scale their businesses globally through trade facilitation, mentorship, and strategic partnerships. Under this…
The Ecumenical Maritime Ministry of India, in collaboration with the Merchant Navy Welfare Board (India), ISWOT Seafarers’ Welfare Organization, and CEFI, recently organized a two-day national workshop and training program for newly appointed Port Chaplains, Welfare Officers, and Ship Welfare Visitors. The event brought together representatives from diverse denominations across India, united by a shared…
Jagdamba Prasad Pandey – On September 26, The Shipping Professional Network in Mumbai (SPNM) organized a successful networking event at The Acres Club, Mumbai, reaffirming its position as a premier platform for collaboration and professional advancement in the shipping and logistics industry. The event attracted a distinguished audience of seasoned professionals, industry leaders, and emerging…
Indian Register of Shipping (IRS) has announced the launch of its Ship Drift Trajectory Prediction Service; an advanced tool designed to strengthen maritime risk management and enhance emergency response planning for disabled vessels. Developed in collaboration with the Indian Institute of Technology Bombay (IIT Bombay), this state-of-the-art computer program predicts the drift paths of vessels…