A recent investigation by the Organized Crime and Corruption Reporting Project (OCCRP) and Follow the Money has revealed that European and American shipowners have made a staggering $6.3bn from selling hundreds of ageing tankers to shell companies, which then become part of the shadow fleet. This fleet is used to transport oil for Russia, despite…
Technology group Wärtsilä has renewed its Operation & Maintenance (O&M) Agreement with Indian energy company Caparo Power Ltd (CPL). This marks the second extension of the original agreement, which was signed in 2010 after the commissioning of CPL power plant in Bawal, Haryana, India. The latest renewal was booked in Q4 2024 and will remain…
The CMA CGM Foundation and Child Rights and You – CRY have renewed their partnership in 2025 to develop three more educational centres in underprivileged areas of Kurla, Mumbai. These centres will provide socio-educational support to over 500 marginalized children between the ages of 6 and 18. They will notably offer tailored educational programs aligned…
As the global recycling industry continues to evolve, Alang is poised to redefine its role and emerge as a leader in the circular economy. With a focus on adopting sustainable and ethical practices, the region’s ship recycling sector is on the cusp of a significant transformation. In an exclusive conversation with Delphine Estibeiro of Marex…
Pratik Bijlani – On January 30, the Ministry of Ports, Shipping, and Waterways, through the Directorate General of Shipping, launched two transformative flagship programs—Sagar Mein Yog and Sagar Mein Samman—at the Shipping Corporation of India (SCI) in Mumbai. These initiatives are rooted in the vision of the Prime Minister’s Maritime India Vision 2030 and aim…
Pratik Bijlani – On January 28, the Women’s Wing of The Maritime Union of India (MUI) organized an insightful webinar titled “Managing Emotional Waves.” The event, dedicated to mental health awareness, brought attention to the emotional challenges faced by seafarers and their families, particularly wives, while offering tools and strategies for promoting resilience and well-being.…
In a heart-warming reunion, 10 Indian seafarers who were stranded on the Gas Parrot vessel have safely returned to Mumbai on Friday, 24th January. The crew was abandoned by the vessel’s Italian owner, Gator Shipping, leaving them without support. However, thanks to the tireless efforts of the Director General of Shipping, the National Union of…
Three quarters of businesses worldwide are overhauling their supply chains by working with more rather than fewer suppliers to mitigate risks in an increasingly fragmented global environment. Research unveiled by Economist Impact and DP World at the World Economic Forum highlights this strategic pivot, driven by geopolitical uncertainty which is likely to grow with the…
On 23rd January, Ocean Network Express (ONE) celebrated a historic milestone with the arrival of their first magenta ONE vessel, ONE Responsibility, in West Africa. This call at Meridian Port Services (MPS), Tema, marks a significant development for both Ghana’s trade services as well as ONE’s growing connections in West Africa and globally. The 2024-built,…
Pratik Bijlani – In 2024, the Port of Long Beach has shattered its previous container volume records, with an impressive 9.6 million twenty-foot equivalent units (TEU) handled, surpassing the pandemic-driven record set in 2021. This achievement comes after six consecutive months of record-breaking cargo volumes, with November marking the busiest month in the port’s history.…