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Report: Coast Guard Intercepts Record Drug Cargo in Andaman Sea In a major breakthrough in the fight against drug trafficking, the Indian Coast Guard (ICG) seized a staggering 6,000 kilograms of methamphetamine in the Andaman and Nicobar Islands. This unprecedented haul is believed to be one of the largest drug seizures in India’s history, highlighting […]

Report: Maersk Tankers loses $40M in OK Lim’s business collapse. COPENHAGEN, Denmark – Maersk Tankers, a subsidiary of the Danish shipping giant A.P. Moller-Maersk, has announced a significant financial setback due to a legal dispute linked to the collapsed business empire of tycoon OK Lim. The company revealed that it has incurred a loss of […]

Report: Tanker Tycoon O.K. Lim Gets 17 Years for Fraud and Forgery Singapore, November 19, 2024 – The saga of O.K. Lim, the disgraced founder of Singapore’s once-prominent oil trading giant Hin Leong Trading (HLT), reached a dramatic conclusion as he was sentenced to 17 years in prison for fraud and forgery. This landmark case […]

Report: Trump Ally Calls for Tariffs on Goods from China’s Peru Port November 18, 2024 In a move that signals heightened economic tension between the United States and China, a close ally of former President Donald Trump has called for imposing tariffs on goods entering the U.S. through Peru’s Chancay Port. The port, which is […]

Report: Shipping Minister Sarbananda Sonowal announces India’s plan to build the world’s largest port at IES 2024. New Delhi, [Date] – Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, has expressed the government’s ambitious vision to transform India into a global maritime powerhouse. Addressing the Indian Economic Summit (IES) 2024, the minister outlined the […]

Report: Vizhinjam Port Reaches 100,000 TEU Milestone in Four Months Thiruvananthapuram, Kerala: The Vizhinjam International Port has achieved a remarkable milestone by handling over 100,000 Twenty-foot Equivalent Units (TEUs) of containers and welcoming 46 ships in just four months of its trial operations. This achievement marks a significant step forward for the state of Kerala […]

Report: Shipping markets sink, tankers and gas carriers weaken, Clarksons says. LONDON – The global shipping market has experienced a significant downturn, with the ClarkSea Index, a broad measure of shipping rates across various sectors, falling to its lowest level in 2024. This decline is primarily driven by weakening demand for tankers and gas carriers, […]

Report: Four Face Charges in Singapore’s Worst Oil Spill Disaster Singapore, November 6, 2024 – Four crew members from the Netherlands-flagged dredger Vox Maxima have been charged under the Merchant Shipping Act 1995 following a major oil spill that occurred on June 14, 2024. The incident, which released approximately 400 tonnes of fuel oil into […]

Report: Trump’s Victory: A Threat to Global Container Shipping Stability As the United States grapples with the results of a new presidential election, one industry is bracing for significant disruptions: the global container shipping sector. With former President Donald Trump’s likely return to the White House, many industry experts are forecasting turbulent times ahead. Trump’s […]

Report: Dali Owner Faces $102 Million Fine for Bridge Collapse. Baltimore, Maryland – A federal jury has ordered the owner of the bridge that collapsed in Baltimore in 2015 to pay $102 million in damages. The collapse killed two people and injured five others. The jury found that the owner of the bridge, the Maryland […]

Report: US sanctions entities involved in Iranian oil smuggling funding Houthi activities. The United States Department of the Treasury today announced the imposition of sanctions on multiple companies and vessels involved in the smuggling of Iranian oil to fund the activities of the Houthi militia in Yemen. These sanctions are part of the U.S. government’s […]

Report: PIL Launches Two New LNG-Powered Vessels In a significant step towards decarbonizing its fleet, PIL (Pacific International Lines) held a naming ceremony in China for its two newest LNG-powered vessels. The vessels, named PIL Green Energy and PIL Green Planet, are part of PIL’s ambitious plan to reduce its carbon footprint and contribute to […]

Report: Global Ocean Treaty signed by India at UN New York, United Nations Headquarters, September 2024: In a historic move that could significantly impact global marine conservation, India has signed the Global Ocean Treaty at the United Nations General Assembly. This landmark agreement, formally known as the “Agreement on the Conservation and Sustainable Use of […]

Report: India to Launch ₹25,000 Crore Maritime Fund to Transform Shipbuilding Industry: Sarbananda Sonowal India’s shipping industry is poised for a transformative leap with the announcement of a ₹25,000 crore maritime fund to promote shipbuilding and related sectors. Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal, disclosed the ambitious initiative in a bid to […]

Report: Vizhinjam port welcomes six container ships this week, marking a new chapter. Vizhinjam, Kerala: In a significant boost to the state’s maritime infrastructure, six container ships are scheduled to dock at the Vizhinjam International Deepwater Port this week. This influx of vessels marks a pivotal moment for the port, as it solidifies its position […]