News – Page 5 – Marex Bulletin

Embracing a Sustainable Maritime Future: India’s Leadership in Green Shipping

Feb 24, 2025MarexNews

Delphine Estibeiro – The maritime industry is at a critical juncture, as it navigates the challenges of reducing greenhouse gas emissions, promoting sustainable practices, and ensuring the well-being of seafarers. International Maritime Organization (IMO) Secretary-General Arsenio Dominguez highlighted India’s leadership in embracing the green transition and its commitment to sustainable shipping practices at the DGS-IMEI…

IMO Secretary-General Visits Maritime Training Institute to Foster Global Cooperation

Feb 24, 2025MarexNews

Jagdamba Prasad Pandey – On 20th February, The Shipping Corporation of India Ltd (SCI) and SCI Land and Assets Ltd (SCILAL) hosted His Excellency Mr Arsenio Dominguez, Secretary-General, International Maritime Organization (IMO) at the Maritime Training Institute (MTI), Powai. The event was attended by prominent figures, including Shri Shyam Jagannathan, IAS, Director General of Shipping,…

Freight Market Insights

Feb 24, 2025MarexNews

The current state of play in the drybulk market where there is a sense of anticipation amongst buyers for opportunities over the coming weeks. Three Capesize bulkers are reported sold. Cape Friendship (185,879-dwt, 2005 Kawasaki) is understood to been have picked up by a Chinese buyer for $16.1m with DD due in June this year.…

IMO Secretary-General Pays Tribute to Indian Seafarers During Visit to ISHS

Feb 20, 2025MarexNews

On February 19, Mr. Arsenio Dominguez, Secretary-General of the International Maritime Organization (IMO), visited the Indian Sailors Home Society (ISHS) in Mumbai, a historic institution dedicated to supporting Indian seafarers. Accompanied by Mr. Shyam Jagannathan, IAS, Director General of Shipping, and Capt. (Dr.) Daniel J. Joseph, Deputy Director General of Shipping, Mr. Dominguez received a…

Did cuts to shipping emissionsspur more global warming?

Feb 20, 2025MarexNews

Could a sudden drop in pollution from cargo vessels cris-crossing global shipping lanes inadvertently make the world hotter? The main reason for global warming is the heat- trapping emissions from burning fossil fuels.But scientists have been looking at the extent to which a shift to cleaner, lower-sulphur shipping fuels in 2020 may have fuelled warming…

Ensuring Seamless Cargo Movement: Legal Compliance for Shipments from Mainland India to Lakshadweep

Feb 20, 2025MarexNews

The island of Lakshadweep and its fame for tortoise shells were first described by a Greek sailor in the first century CE. This indicates that trading to and from Lakshadweep was a well-known practice starting in the first century CE, which connects it to an ancient maritime route. This also makes it most priceless and…

Modi and Macron Strengthen India-France Ties with Visit to CMA CGM Group Headquarters

Feb 14, 2025MarexNews

As part of his state visit to France, Indian Prime Minister Narendra Modi and French President Emmanuel Macron were welcomed by Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, at the Group’s headquarters in Marseille. Discussions focused on the India-Middle East-Europe Economic Corridor (IMEC), a strategic trade route designed to enhance connectivity between…

Gateway to the Seaborne Trade

Feb 14, 2025MarexNews

The Entire shipping industry is a service industry and is affected by worldwide political upheavals, natural disasters, wars, trade sanctions – tariffs, etc. for business policies to stay firmly on the water. On the macro-economic front, the Reserve Bank of India (RBI) made headlines this week after a prolonged period of policy inertia. The central…

IIM Mumbai and CMMI Launch Campus Immersion for Executive MBA in Maritime Management, Logistics and Supply Chain

Feb 14, 2025MarexNews

The Indian Institute of Management (IIM) Mumbai and the Centre for Maritime Management and Innovation (CMMI) recently inaugurated the Campus Immersion Ceremony for the Executive MBA in Maritime Management, Logistics and Supply Chain program. This prestigious collaboration between IIM Mumbai and CMMI marks a significant milestone in the development of the maritime industry, providing a…

FSUI and Maritime SheEO Join Forces to Launch ‘Jalpari Initiative’

Feb 10, 2025adminNews

In a historic move set to reshape the maritime industry, the Forward Seamen’s Union of India (FSUI) and Maritime SheEO have officially signed a Memorandum of Understanding (MoU) to launch the Jalpari Initiative, a bold and transformative program aimed at accelerating women’s participation in India’s maritime sector. The MoU was signed toward dismantling gender barriers…