On February 20th and 21st NYK Ship Management (NYKSM), a subsidiary of the renowned NYK Group, hosted its annual NYKSM Officers’ Dialogue 2025 at the Navi Mumbai Marriott Hotel. This significant two-day event, themed Safety and Compliance First, brought together NYKSM seafaring Officers, industry leaders and maritime professionals to discuss key operational strategies, safety measures,…
The maritime industry is set to witness a historic event that will unite its stakeholders through the spirit of sportsmanship. The Directorate General of Shipping (DGS) has announced the launch of the Maritime Games, a championship that aims to promote camaraderie, well-being, and industry relationships. Mr Shyam Jagannathan, Director General of Shipping said, “The Maritime…
-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…
DP World has set up women-led shifts at its warehouse operations in Gujarat and Rajasthan with plans to broaden this initiative to its facilities in Bihar and Uttar Pradesh. The leading global provider of smart end-to-end supply chain solutions launched the pilot project last year with an all -women shift at its sorting facility in…
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…
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…
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…
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…
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,…
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…