Jagdamba Prasad Pandey – On 20th February, The Shipping Corporation of India Ltd (SCI) and SCI Land and Assets Ltd (SCILAL) hosted His Excellency Mr Arsenio Dominguez, Secretary-General, International Maritime Organization (IMO) at the Maritime Training Institute (MTI), Powai. The event was attended by prominent figures, including Shri Shyam Jagannathan, IAS, Director General of Shipping,…
The current state of play in the drybulk market where there is a sense of anticipation amongst buyers for opportunities over the coming weeks. Three Capesize bulkers are reported sold. Cape Friendship (185,879-dwt, 2005 Kawasaki) is understood to been have picked up by a Chinese buyer for $16.1m with DD due in June this year.…
On February 19, Mr. Arsenio Dominguez, Secretary-General of the International Maritime Organization (IMO), visited the Indian Sailors Home Society (ISHS) in Mumbai, a historic institution dedicated to supporting Indian seafarers. Accompanied by Mr. Shyam Jagannathan, IAS, Director General of Shipping, and Capt. (Dr.) Daniel J. Joseph, Deputy Director General of Shipping, Mr. Dominguez received a…
Could a sudden drop in pollution from cargo vessels cris-crossing global shipping lanes inadvertently make the world hotter? The main reason for global warming is the heat- trapping emissions from burning fossil fuels.But scientists have been looking at the extent to which a shift to cleaner, lower-sulphur shipping fuels in 2020 may have fuelled warming…
The island of Lakshadweep and its fame for tortoise shells were first described by a Greek sailor in the first century CE. This indicates that trading to and from Lakshadweep was a well-known practice starting in the first century CE, which connects it to an ancient maritime route. This also makes it most priceless and…
As part of his state visit to France, Indian Prime Minister Narendra Modi and French President Emmanuel Macron were welcomed by Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, at the Group’s headquarters in Marseille. Discussions focused on the India-Middle East-Europe Economic Corridor (IMEC), a strategic trade route designed to enhance connectivity between…
The Entire shipping industry is a service industry and is affected by worldwide political upheavals, natural disasters, wars, trade sanctions – tariffs, etc. for business policies to stay firmly on the water. On the macro-economic front, the Reserve Bank of India (RBI) made headlines this week after a prolonged period of policy inertia. The central…
The Indian Institute of Management (IIM) Mumbai and the Centre for Maritime Management and Innovation (CMMI) recently inaugurated the Campus Immersion Ceremony for the Executive MBA in Maritime Management, Logistics and Supply Chain program. This prestigious collaboration between IIM Mumbai and CMMI marks a significant milestone in the development of the maritime industry, providing a…
In a historic move set to reshape the maritime industry, the Forward Seamen’s Union of India (FSUI) and Maritime SheEO have officially signed a Memorandum of Understanding (MoU) to launch the Jalpari Initiative, a bold and transformative program aimed at accelerating women’s participation in India’s maritime sector. The MoU was signed toward dismantling gender barriers…
Pratik Bijlani – Greek shipping company Eurobulk Ltd. has been sentenced for violating the Act to Prevent Pollution from Ships (APPS) and falsifying records, marking the latest development in U.S. efforts to enforce maritime pollution laws. The violations occurred during an April 2023 port call in Corpus Christi, Texas, involving the Liberian-flagged bulk carrier Good…