Dr Harry S Banga and Mr Angad Banga of The Caravel Group proudly announce their acquisition of the International Maritime Institute (IMI), India’s premier maritime academy

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-Jagdamba Prasad Pandey In a significant move to strengthen the maritime industry’s future, Dr Harry S. Banga and Mr Angad Banga of The Caravel Group proudly announce their acquisition of the International Maritime Institute (IMI), India’s premier maritime academy. This strategic acquisition reinforces The Caravel Group’s commitment to developing the next generation of global maritime…

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TRIBUTE TO A FRIEND…Capt Nitin Hardi

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Our scriptures clearly state that the cycle of life and death is the rule of nature. What is created will be destroyed. That is the universal truth. However, once in a while, when the reality of ‘universal truth’ hits, one can’t help, but look heavenwards and scream ‘WHY?? WHY him? Yes, we know that GOD…

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India ONGC plans foray into Ethane Carrier Business

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India’s Oil and Natural Gas Corp is seeking joint venture partners to build very large Ethane carriers (VLEC’s) to ship feedstock for its petrochemical plant in Western India. India’s ONGC is seeking joint venture partners to build very large ethane carriers (VLEC’s) to ship feedstock for its petrochemical plant in Western India. ONGC Petro additions…

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Baltic Exchange Market Report

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Baltic Dry Index: 1228 (-34) Baltic Capesize Index: 1894 (-75) Baltic Panamax Index: 1000 (-24) Baltic Supramax Index: 868 (-8) Baltic Handysize Index: 549 (1) CAPESIZE The capsize market experienced a somewhat mixed day as the BCI 5TC fell by $617, settling at $15,711. On a positive note, it was encouraging to see all three…

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“ANGLOTHON” 2025: Elevating English Language Skills in Maritime Education

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The Indian Maritime University’s Navi Mumbai Campus recently hosted “ANGLOTHON”, a national-level English proficiency competition, on March 3. The event brought together talented maritime students from across India to showcase their language skills and compete for top honours. The day-long competition consisted of three exciting events: Debate, Quiz, and Just A Minute. These events aimed…

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Global Shipping Industry Braces for Impact of Trump-Zelensky Tensions

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The recent public spat between former U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky has raised concerns about its potential repercussions on the global shipping industry. This diplomatic rift, marked by a heated exchange in the Oval Office, could have far-reaching implications for international trade routes, shipping costs, and geopolitical stability. On February 28,…

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Navigating the Ship Breaking Industry

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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…

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India’s Logistics Sector Set for Transformation by 2047

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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…

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Sustainable Maritime Future Takes Centre Stage as IMO Secretary-General Inaugurates Green Shipping Conclave 2025

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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…

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