The ship-breaking market size was valued at US$3.98 billion in 2023. The market is projected to grow from US$4.08 billion to US$ 7.64 billion by 2032, exhibiting a compounded annual growth rate of 82% during the forecast period. Ship-breaking refers to the dismantling of a ship after its estimated end of life. Based on the…
The Maritime and Logistics Conclave 2025, held on February 28 at the Jio World Convention Centre, brought together industry leaders to envision India’s roadmap towards a Viksit Bharat (Developed India) by 2047. The conclave, organized by the Container Freight Station Association of India (CFSAI) and the National Association of Container Freight Stations (NACFS), focused on…
Jagdamba Prasad Pandey- The Green Shipping Conclave 2025 was officially inaugurated on 20th February by Mr Arsenio Dominguez, Secretary-General of the International Maritime Organization (IMO). The event, chaired by Mr Shantanu Thakur, Hon’ble Minister of State for the Ministry of Ports, Shipping, and Waterways, brings together industry leaders, policymakers, and experts to discuss innovation, cleaner…
A president (stating TARIFF as ‘lovely’ word has left trades at askance! Shipping being a derived demand of economic activities is perplexed about volumes and tonne-miles, after recent ownership and freight fluctuations exemplified by ship prices thrust by high freight rates in most sectors, segments and sizes indeed! Reality, as is that firm markets seldom…
Maren Moxom, Chief Financial Officer of the Wallem Group, is delighted to share her story and experiences with the maritime community. Having joined the company in 2020, she has brought a wealth of expertise from her previous roles with global companies such as Schneider Electric and Raytheon, where she worked in engineering and environments. As…
Pratik Bijlani – On February 8th, ATPI and Qatar Airways joined forces to host a sophisticated soiree at the esteemed Gallops Restaurant, nestled within the scenic Mahalaxmi Racecourse in Mumbai. As guests mingled and forged new relationships, the event served as a testament to ATPI’s ongoing commitment to innovation and growth, marking a notable milestone…
February 24 marked a significant milestone in the maritime industry as the first batch of trainees for the Marine Fitters and Pump Men Training Program commenced their journey at the NUSI Offshore Training Institute, located at Panvel, north of Mumbai. This initiative, a result of collaboration between Foreign Owners Representatives and Ship Managers Association (FOSMA)…
In a significant move towards digital transformation in the maritime industry, the International Chamber of Shipping (ICS), Lloyd’s Register OneOcean (LROO), and the Maritime Industry Authority (MARINA) of the Philippines have signed a joint Memorandum of Understanding (MOU). This landmark agreement outlines a pilot project to integrate seafarer certification systems and develop a new mobile…
The global steel market size was estimated at USD 1.47 trillion in 2024 and is projected to grow at a CAGR of 4.6% from 2025 to 2030. This growth is attributed to the rising investments in infrastructure and construction as they require substantial steel for projects. In addition, urbanization and population growth are increasing the…
Pratik Bijlani – The Company of Master Mariners of India (CMMI) held its much-anticipated Annual Dinner Function on February 15, 2025, at The Acres Club, Chembur, Mumbai. This flagship event served as a premier gathering for maritime professionals, fostering an atmosphere of camaraderie, collaboration, and celebration. Esteemed attendees included Shri Shyam Jagannathan, IAS, Director General…