Swiss marine power company WinGD is to integrate hybrid power and energy systems on four 113,600 DWT, wind-assisted tankers under construction for Union Maritime Limited (UML). The agreement marks the first time that WinGD’s X-EL Integrated Energy solution will be deployed with wind-assisted propulsion systems, ensuring optimal use of power generated by the main engine…
In recent years, Environmental, Social, and Governance (ESG) norms have become a central theme in global business and investment practices. These norms, designed to promote sustainability, ethical governance, and social responsibility, are often portrayed as a way to create a more just and environmentally friendly global economy. However, beneath the surface, ESG norms serve as…
Pratik Bijlani – The international shipping community has approved groundbreaking updates to the Maritime Labour Convention (MLC), 2006, during a week-long meeting at the International Labour Organization (ILO) headquarters in Geneva from April 7-11, 2025. Developed through collaboration between governments, shipowners, and seafarers’ unions under the ILO’s Special Tripartite Committee, these changes aim to improve…
The International Seafarers’ Welfare and Assistance Network (ISWAN), in collaboration with IMU’s Maritime Law Network (IMLAN) and Seafarers Legal Support (SeaLegS) – CPRiMeS, Indian Maritime University, successfully conducted a Seafarer Education Awareness Session (SEAS) to equip cadets with crucial knowledge for their careers at sea. The session welcomed 120 cadets and seafarers, including alumni and…
DP World, a leading global provider of smart end-to-end supply chain solutions, today announced the launch of the Bharat Africa Setu. This initiative is being developed under the guidance of the Government of India’s Ministry of Commerce and Industry and Ministry of External Affairs. This platform will provide Indian businesses access to robust warehousing, trade…
Pratik Bijlani – Gateway Terminals India (GTI), also known as APM Terminals Mumbai, has partnered with the Jawaharlal Nehru Port Authority (JNPA) and Vadhvan Port Project Ltd. (VPPL) to launch a transformative skill development programme for the port sector. This initiative, aligned with the Government of India’s “Skill India Programme” and the Union Budget 2025’s…
BFA CAPESIZE PERIOD VALUE CHANGE Apr 25 16,333 $/day -375 May 25 18,421 $/day -408 Jun 25 19,771 $/day -167 Jul 25 19,304 $/day -4 Aug 25 19,542 $/day 17 Sep 25 19,950 $/day -38 Q2 25 18,175 $/day -317 Q3 25 19,599 $/day -8 Q4 25 20,617 $/day -62 Q1 26 12,121 $/day -54…
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence of the UAE, inaugurated DP World’s state-of-the-art Free Trade Warehousing Zone (FTWZ) – the Nhava Sheva Business Park (NSBP) – in Mumbai, India. The inauguration marks a major milestone in strengthening the deep-rooted economic…
On the occasion of its 50th Foundation Day on 4th April, the Indian Register of Shipping (IRS) achieved a remarkable milestone by setting an Indian record for the ‘Largest Corporate Flag made on cloth’, as recognised by the India Book of Records. The massive flag, measuring 60 feet by 40 feet, was unfurled within the…
Drydocks World, a DP World company and a leading service provider for the maritime and offshore oil and gas, and renewable energy industries globally, has signed a Memorandum of Understanding (MoU) with Cochin Shipyard Limited (CSL), driven by the Ministry of Ports, Shipping and Waterways, India to enable development of Ship repair clusters, synergizing their…