Padmesh Prabhune – The crew from the Panama-flagged cargo ship ISA Star arrived in Mumbai early morning on Wednesday December 25, 2024 much to add the joy to their families on the day of Christmas. The successful repatriation marks the culmination of intensive diplomatic and logistical efforts equally led by the DG Shipping, National Union…
FOCAL POINTS: Macro Environment with GDP expanding by 0.9% quarter-on-quarter. Sectorally, the economy showed. While agriculture contracted due to lower output of key crops such as corn and soybeans, the industrial sector recorded growth, driven by strong activity in construction and manufacturing. FX and money markets In November, Brazil’s inflation rate rose 4.87% year-on-year. This…
Pratik Bijlani – The ATPI-Marex Indian Maritime Premier League (IMPL) Box Cricket Tournament 2024 made a triumphant return for its third edition, bringing together maritime professionals from across India in a joyous celebration of sports, friendship, and industry unity. Now a flagship event for the maritime sector, the tournament took place on December 14-15 at…
Pratik Bijlani – The International Maritime Federation (IMF) hosted its highly anticipated annual conference, IMF Conference 2024, on December 13, at The Park Hotel in Mumbai. Since its inception in 2015, the IMF has been a driving force in promoting the interests of Indian seafarers and shaping global maritime industry practices. The conference provided a…
Pratik Bijlani – On December 20, Womar Tanker Pools celebrated a major milestone in style, hosting an exclusive cocktail party on the iconic Stad Amsterdam, moored at Mumbai’s prestigious Indira Docks. This sophisticated soiree commemorated 15 years of Womar’s excellence in the maritime industry, seamlessly merging tradition and innovation. Since its inception in 2009, Womar…
Maritime law encompasses a wide range of legal issues, including shipping and navigation, marine pollution, piracy, international trade, and the management of marine resources. India’s maritime zones cover nearly 2.37 million square kilometres, including territorial waters and exclusive economic zones (EEZ). Within these zones, numerous legal and policy issues arise that impact national security, environmental…
As we approach the final trading days of the year, the Baltic Dry Indices reflect the tempered realities of 2024, a year marked by subdued performance compared to the highs of 2023. The fourth quarter, once a period of peak activity for dry bulk trades, has been muted, with all market segments struggling to replicate…
It has been a busy week in the world of geopolitics. In the US, President Biden pardoned his son Hunter for tax and gun crimes which he had admitted to and been convicted for, despite earlier saying that a presidential pardon would not be given. This move ruins Biden’s reputation for probity and may speak…
Mumbai,18 December 2024 – The Foreign Owners and Ship Managers Association (FOSMA) and the National Union of Seafarers of India (NUSI) have come together to address a critical need in the maritime industry: the creation of a skilled cadre of marine fitters and pumpmen. This groundbreaking initiative, launched collaboratively, aims to establish a formal system…
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…