On September 13th, a key conference titled “India’s Role in MSC: Ensuring Safer & Sustainable Shipping” took place at the IRS Auditorium in Powai, Mumbai. The event was organised by the Directorate General of Shipping in collaboration with the Indian Register of Shipping (IRS), the Company of Master Mariners of India (CMMI), the Institution of…
Padmesh Prabhune – India is to host the inaugural symposium of MAITRI a new regional Maritime Initiative for Training in the Indo-Pacific to enable its partners in the region to maximize tools provided through the Indo-Pacific Partnership for Maritime Domain Awareness (IPMDA) and other Quad partner initiatives, to monitor and secure their waters, enforce their…
Pratik Bijlani – On September 19, 2024, the Annual General Meeting (AGM) of the Association of Multimodal Transport Operators of India (AMTOI) took place at the West End Hotel in Mumbai, marking a key milestone for the organization. AMTOI, established in 1998, is a pivotal trade body representing companies involved in multimodal transport, logistics, and…
The Foreign Ship-owners Representatives and Ship Managers Association (FOSMA) was founded in India in 1989 with the goal of raising issues of common interest for member companies and their seafarers with relevant authorities, aiming to achieve sensible resolutions to these issues. From humble beginnings, FOSMA has grown to its current distinguished position, representing thirty-three member…
Pratik Bijlani – On August 31, the Institute of Marine Engineers (India), Mumbai section, held a technical conference at The Kohinoor Continental Hotel titled The Role of Additives: To Minimise the Environmental Impact of Transport Goods by Sea. This event addressed a major issue for the maritime industry, bringing together industry leaders, maritime professionals, and…
Padmesh Prabhune – The US Department of Justice is all set to sue 2 companies seeking $100M from 2 companies that owned the ship that caused Baltimore’s Francis Scott Key Bridge collapse in March earlier this year. According to reports, the Justice Department filed a lawsuit Wednesday seeking more than $100 million from the two…
Inland shipping in India, a major component of the country’s transport network, is facing a number of legal difficulties that jeopardise its efficiency and development. Despite its potential to boost economic growth and provide a sustainable alternative to road and rail travel, the sector is hampered by a number of legal and regulatory challenges. These…
Macro Environment South America’s largest economy, Brazil, saw its Gross Domestic Product (GDP) grow by 1.4% in the second quarter of 2024, significantly surpassing expectations. Compared to the same period in 2023, Brazil’s GDP increased by 3.3 percent. The industrial sector was the top performer from April to June this year. Conversely, agriculture experienced a…
Pratik Bijlani – On August 30, Anglo-Eastern Maritime Academy (AEMA) staged a graduation ceremony for GME Batch 41 and ETO Batch 15 at Karjat, Mumbai. The celebration marked a significant milestone for the graduates, as they completed their pre-sea training course and prepared to begin their maritime careers. The Electro-Technical Officer (ETO) course at AEMA…
The Baltic Dry Index has been trading within a narrow range over the past few weeks, closing today at 1,890 points. After a brief attempt to break the 2,000-point mark earlier in September, the index has mostly moved sideways. Despite this, it remains significantly higher compared to both early August 2024 and early September 2023…