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Global Developments

Indian Women Seafarers Rise to Over 350 – Maersk

Maersk’s Gender Diversity Surge: Indian Women Seafarers Rise to Over 350 in Three Years A.P. Moller – Maersk, a global leader in logistics, has made impressive strides in fostering gender diversity in the Indian maritime sector. As part of its…

Yacht Safety and Environmental Consortium Launched

The global yacht industry marked a major milestone in its pursuit of safety and sustainability with the formation of the Yacht Safety and Environmental Consortium (YSEC). Leading classification societies—DNV, Lloyd’s Register (LR), RINA, Bureau Veritas (BV), and ABS—came together to…

INS Kadmatt Makes Waves in Yokosuka, Japan

The INS Kadmatt voyage to Yokosuka is more than a journey across Indo-Pacific; a growing partnership between India and Japan Yokosuka, Japan : The Indian Navy’s INS Kadmatt, currently on a long-range deployment in the North Pacific, has arrived in…

Arsenio Antonio Dominguez Velasco Appointed as IMO Secretary-General

The newly appointed Secretary-General pledged to lead an IMO dedicated to change, diversity, inclusion, and transparency, focusing on the well-being of the IMO Secretariat, seafarers, and the younger generations. London : In a historic decision, the International Maritime Organization (IMO)…

India’s Exports to Nordic Countries Surge

Piyush Goyal Invites Partnerships in Key Sectors, Pharmaceuticals, Food Processing, Renewable Energy, IT, AI, Supply Chain and Logistics New Delhi, India : India’s exports to the Partnerships region have witnessed a significant rise in recent years, highlighted Union Commerce and…

World’s First Methanol Ship Management Company Established in Dubai

Dubai, UAE: India based Dockendale Ship Management DMC Co and Green Marine, a methanol marine firm based in Copenhagen, have forged a groundbreaking joint venture to create the world’s first ship management company exclusively dedicated to methanol-powered vessels. The newly…

DFC Backs Adani’s Colombo West International Terminal with USD 553 Million

U.S. Development Finance Institution Partners with Adani for Sri Lankan Port Development Colombo : In a significant development, the U.S. International Development Finance Corporation (DFC) has pledged funding of USD 553 million to the Colombo West International Terminal Pvt. Ltd….

Strengthening Maritime Security: Indian Navy and Sri Lankan Navy Collaborate

A Step to Counterbalance China India : In a significant move to enhance maritime security in the Indian Ocean region, the Indian Navy and the Sri Lankan Navy convened the 33rd annual Indo-Sri Lanka Maritime Boundary Line (IMBL) meeting. The…

DNV and Samsung Heavy Industries Pioneer Remote Operation Centre for Autonomous Ship

Seoul, South Korea : A momentous collaboration has taken shape on the shores of South Korea as Samsung Heavy Industries (SHI) and DNV, a distinguished classification society, have penned a groundbreaking Memorandum of Understanding (MOU) at KORMARINE. This MOU signifies…

Finance Minister Advocates Maritime Financing and Infrastructure at GMIS 2023

Boosting India’s Shipbuilding Capacity Union Finance and Corporate Affairs Minister Nirmala Sitharaman recently chaired a session on ‘Maritime Financing, Insurance, and Arbitration’ at the Global Maritime India Summit (GMIS) 2023 in Mumbai. She emphasized the need for innovative financing, robust…