In late October 2024, an oil spill occurred during bunkering operations at Singapore’s Changi port, resulting in the release of approximately five tonnes of bunker fuel into the surrounding waters. The incident took place when oil overflowed from the Bahamas-flagged bulk carrier Ines Corrado while refuelling, prompting an immediate halt to operations. The Maritime and…
Padmesh Prabhune – The Union Minister of Ports, Shipping & Waterways (MoPSW), Shri Sarbananda Sonowal unveiled a major policy for Cargo Promotion – ‘Jalvahak’ – incentivising movement of long-haul cargo via National Waterways 1 (river Ganga) as well as for National Waterways 2 (river Brahmaputra) and National Waterways 16 (river Barak) in Kolkata on Sunday…
Padmesh Prabhune – A meeting was held recently at the Mumbai office of RLC Labour Commission (central) for verification of membership of Unions operating as trade unions in Indian National Shipowners Association. The meeting for discussion of verification process was organized by the deputy RLC of the central division. All the stakeholders, including Capt. Daniel…
Padmesh Prabhune – Union Minister of Road Transport and Highways, Nitin Gadkari has assured that the uncertainty prevailing over the construction of the much-needed road connecting the Vizhinjam International Seaport to National Highway 66 will soon be over. Gadkari stated that the port, managed by Adani Ports, had initially committed to building the road but…
Global economic growth has shown signs of resilience in the past few years, supported by easing inflationary pressures and steady, albeit uneven, recovery in key regions, according to the OECD. After a slower-than-expected start to 2024, global growth remains moderate, with forecasts pointing to a slight pickup in the coming quarters. OECD projects that this…
IRClass Systems and Solutions Pvt Ltd (ISSPL), a leading provider of testing, inspection, and certification (TIC) services is pleased to announce key leadership appointments aimed at strengthening its strategic vision and operational excellence. Mr. Vinay Kshirsagar has been appointed as the Managing Director of ISSPL effective from 1st December. With over 35 years of experience…
Trump is back. He considers that he took over the presidency on Nov 6, the day that his victory in the Presidential election was confirmed, rather quicker than we had expected. Despite having criticized Biden for poor economic performance and inflation, he is now taking credit for the US economy’s strong showing. The seeds of…
Under Trump’s prior administration, global trade underwent significant disruptions, particularly with the imposition of tariffs on Chinese goods during the U.S.-China trade war. Trump’s return to the White House could revive or intensify such policies, potentially reshaping global shipping routes. If tariffs on China increase or new trade restrictions are introduced, shippers might see a…
Each industry is inherently associated with a flagship product that embodies its identity. The steel industry is synonymous with its diverse steel products, agriculture with its harvested grains, aviation with its aircraft, and similarly, the maritime industry is quintessentially represented by the ship. The ship is an exemplary model of simplicity and innovation, playing a…
ATPI-Marex Indian Maritime Premier League Box Cricket Tournament Draw Ceremony Held with Great Fanfare Pratik Bijlani The 3rd edition of the ATPI-Marex Indian Maritime Premier League Box Cricket Tournament draw ceremony was held with great enthusiasm and excitement at The Celebrations Sports Club in Mumbai on Wednesday, December, 11th December. The ceremony marked the official…