raising the possibilities of shipments from America. The contract envisages sourcing of 2.5 million tonnes of LNG divided in 27 shipments beginning second half of the current fiscal. debt component commensurate with the equity. The investments could later be jacked up to $ 5 billion. Both projects would likely have a debt-equity ratio of 7:3.…
The shipping industry is undergoing a major transformation in response to stringent environmental regulations and the need for sustainable fuel alternatives. One of the most promising solutions is Liquefied Natural Gas (LNG), which offers significant reductions in greenhouse gas emissions and air pollutants. However, the adoption of LNG as a marine fuel presents a complex…
Pratik Bijlani – On April 26, the CMMI Navi Mumbai Chapter hosted a landmark seminar at The Great Eastern Institute of Maritime Studies (GEIMS), Lonavala, focusing on the theme “Career Progression of Cadets.” This event brought together cadets from seven maritime academies, experienced professionals, and industry leaders to exchange insights, foster mentorship, and prepare the…
With China and U.S. at intense economic odds, nations are being forced to choose sides One went to the United States. The other went to China. It was a sign of the times. While the Swiss president was in Washington last week to lobby U.S. officials over President Donald Trump’s threatened 31% tariff on Swiss…
Pratik Bijlani – On April 24, Dockendale Ship Management FZCO (Dockendale), a leader in global ship management services, inaugurated its Dockendale Training Academy (DTA) at the company’s Mumbai office. The launch marks a significant milestone in maritime education, showcasing Dockendale’s commitment to innovation, safety, and sustainability in shipping. The event featured prominent figures, including Chief…
The Association of Multimodal Transport Operators of India (AMTOI) has strongly condemned the recent terrorist attack in Pahalgam, which resulted in the tragic loss of 27 innocent lives. This barbaric act of violence has shaken the collective conscience of the nation, and the logistics community stands united in solidarity with the Government of India and…
Baltic Exchange Capesize 182 Index Route Description Value Change C8_182 182000mt Gib/Hamburg transatlantic RV 15,721 + 200C9_182 182000mt Cont-Med trip China-Japan 39,469 + 94C10_182 182000mt China-Japan transpacific RV 15,105 – 222C14_182 182000mt China-Brazil round voyage 17,840 – 15 C16_182 182000mt Backhaul 1,844 0 C5TC 182 Weighted Timecharter Average 17,269 – 40 Baltic Exchange Index –…
A significant milestone was achieved at the NUSI Offshore Training Institute as the first batch of Marine Fitters and Pump Men trainees successfully completed their initial phase of training. This joint initiative by the National Union of Seafarers of India (NUSI) and the Foreign Owners Representatives and Ship Managers Association (FOSMA) aims to address the…
The Indian Administrative Service (I.A.S.) is often regarded as the backbone of India’s bureaucratic framework. However, its overarching influence across various sectors has also led to resistance against the creation of specialized services, such as the Indian Maritime Service (I.M.S.). The establishment of the I.M.S. is crucial for India’s maritime governance, yet it faces significant…
Indian Register of Shipping (IRS) is pleased to announce the relocation of its Kakinada Site Office to a new and improved facility. This move forms part of IRS’s ongoing efforts to enhance its presence in the region and offer superior services to the local maritime community. The inauguration ceremony of the new office was marked…