Pratik Bijlani – On September 27, Apex Chemicals (S) Pte Ltd achieved a significant milestone with the inauguration of its state-of-the-art office at Mumbai. This strategic expansion demonstrates the company’s deepening dedication to India’s thriving maritime and industrial sectors. As a renowned expert in chemical manufacturing and distribution, Apex Chemicals serves a diverse range of…
Padmesh Prabhune – The rate of maritime crime and piracy have reduced this year to 79 incidents, falling to their lowest level since 1994, according to the latest report by the ICC International Maritime Bureau (IMB). According to the report, the 20 percent decline in incidents this year as compared to the last year marks…
Padmesh Prabhune – The Gujarat High Court has asked the Deenadayal (Kandla) Port office and Customs officials to “arrest” merchant vessel SW South Wind I which is lying at the port and within Indian territorial waters until further orders, posting the next hearing to October 21, of this month.A single judge bench of Justice Nikhil…
Padmesh Prabhune – The board of Indian Maritime Centre (IMC) has elected Devki Nandan as Chairman and Shankar Shinde as Vice Chairman during its first meeting held on Monday, October 14, 2024. Capt. Sankalp Shukla will serve as Secretary, while Capt. Vikas Vij shall be the Treasurer for the IMC. R. Ravi Kumar, Secretary General…
Padmesh Prabhune – The Gujarat High Court has asked the Deenadayal (Kandla) Port office and Customs officials to “arrest” merchant vessel SW South Wind I which is lying at the port and within Indian territorial waters until further orders, posting the next hearing to October 21, of this month. A single judge bench of Justice…
Capt Deepak Laud – In June of 1974 on a rain-soaked morning in Bombay (now Mumbai), about a thousand gawky 18-year old boys from all parts of the country entered the offices of The Shipping Corporation of India Ltd., to sit for an exam on several subjects, followed by an interview, which together took most…
Macro Environment China’s economy grew much slower-than-expected in August, weighed down by a protracted property crisis and poor domestic consumption amid consumers’ worries about job security, adding urgency for policy makers to roll out more support. In response to economic challenges, China’s Central Bank announced its most robust suite of economic stimulus measures since the…
Capt Kamal Chadha – The UK government has announced a draft Employment Rights Bill designed to strengthen protections for seafarers, a development that has garnered support from Nautilus International, the maritime union based in the UK. This bill, which will soon be introduced in Parliament, aims to toughen regulations pertaining to collective dismissals and enhance…
Pratik Bijlani – The Directorate General of Shipping (DGS) in India is finalizing groundbreaking regulations that will require international container lines operating in Indian waters to reserve at least 5% of their cargo space for Indian domestic operators. This move is part of the Indian government’s broader strategy to enhance the competitiveness of Indian flag…
Pratik Bijlani – Visakhapatnam Port Authority (VPA) has achieved a new milestone by handling 41.79 million metric tons (MMTs) of cargo in the first half of FY 2024-25, marking a 6% growth compared to 39.60 MMTs in the same period last year. This growth is attributed to increased handling of key commodities, including crude oil,…