Pratik Bijlani – On May 7, the “Mooring Matters” seminar took centre stage at ITC Maratha, Mumbai, drawing maritime professionals to discuss critical advancements in mooring safety. Jointly organized by Lankhorst Ropes, Avient Corporation, Broadside Marine, and SeaLogger, the event explored the future of mooring operations, focusing on compliance, risk mitigation, and technological innovation. The…
Indian Register of Shipping (IRS), a leading international ship classification society and member of the International Association of Classification Societies (IACS), is proud to announce the opening of its new office in the Kingdom of Saudi Arabia. This strategic expansion highlights IRS’s commitment to supporting the Kingdom’s rapidly growing maritime and oil & gas sectors.…
Technology group Wärtsilä has announced that its breakthrough carbon capture solution (CCS) is now commercially available to the global maritime industry, delivering a step-change in shipping’s decarbonisation journey. According to Wärtsilä’s tests, the new ‘Wärtsilä Carbon capture solution’ is proven to reduce vessel CO2 emissions by up to 70 percent, providing ship owners with an…
BALTIC INDICES 06/05/2025 DRY INDEX: 1406 (- 15) CAPESIZE INDEX: 2037 (- 42) PANAMAX INDEX: 1360 (- 8) SUPRAMAX INDEX: 957 (+ 2) HANDYSIZE INDEX: 559 (- 1) BCI TC AVG $/DAY 16897 (- 344) BPI82 TC AVG $/DAY 12238 (- 72) BSI TC AVG $/DAY 12097 (+ 20) BHSI TC AVG $/DAY 10066 (-…
The shipping industry has long been the backbone of global trade, facilitating the movement of goods across vast distances. However, the sector is undergoing a transformative shift driven by digitalization. The integration of digital technologies, such as artificial intelligence (AI), blockchain, and the Internet of Things (IoT), is revolutionizing maritime operations. This digital evolution presents…
The Jebel Ali Free Zone (Jafza) is marking its 40th anniversary with record trade growth between India and the UAE, supported by strategic initiatives and infrastructure that connect Indian businesses to global markets. In 2024 alone, DP World’s flagship free zone, saw a 40% rise in trade volume and a 17% rise in trade value…
Indian Register of Shipping (IRS) is proud to announce that CMA CGM Vitoria, a vessel operated by CMA CGM, one of the world’s leading container shipping lines, has been successfully classed with IRS. This milestone marks a significant achievement in IRS’s growing engagement with major global shipping companies and reinforces its standing as a trusted…
The CMA CGM Group, a global player in sea, land, air and logistics solutions, welcomed the arrival of the first Indian flagged containership registered by a major foreign carrier, CMA CGM Vitoria, at Nhava Sheva Free port Terminal on 28th April 2025, in the presence of Honourable Minister of State for Ministry of Ports, Shipping…
With over 25 years of experience, Mr Ali Hussain, Regional Managing Director of ATPI Asia has witnessed significant changes in the travel management landscape and has played a key role in driving ATPI’s growth and innovation. Mr Hussain’s background in finance and his experience in setting up and managing offices across various geographies have equipped…
raising the possibilities of shipments from America. The contract envisages sourcing of 2.5 million tonnes of LNG divided in 27 shipments beginning second half of the current fiscal. debt component commensurate with the equity. The investments could later be jacked up to $ 5 billion. Both projects would likely have a debt-equity ratio of 7:3.…