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25th May 2024 Report : Houthis target MSC, Zodiac ships in sea attacks. Yemen’s Houthi rebels have claimed responsibility for attacks on vessels operated by shipping giants MSC and Zodiac Maritime, raising concerns about heightened tensions in the Red Sea and Mediterranean regions. The announcement, made by Houthi military spokesperson Yahya Saree, comes amidst a […]

25th May 2024 Report : Red Sea Chaos Floats Container Shipping to Profit After 18 months of dwindling profits, the container shipping industry has seen a dramatic turnaround, recording a combined net income of $5.4 billion in the first quarter of 2024. This sharp rise can be attributed to two key factors: disruptions caused by […]

24th May 2024 Report : Shortage of Training Sinks Maritime Future The maritime industry, a critical sector for global trade, is facing a potential storm due to a shortage of on-board training berths for aspiring seafarers. This scarcity creates a Catch-22 situation: shipping companies seek experienced personnel, while fresh graduates struggle to gain that very […]

23th May 2024 Report : Shipping companies fined $2M for dumping oil, faking records. Two shipping companies, Prive Overseas Marine LLC and Prive Shipping Denizcilik Ticaret, pleaded guilty in a New Orleans federal court to charges of conspiracy, violating the Act to Prevent Pollution from Ships (APPS), and obstruction of justice. The charges stemmed from […]

22th May 2024 Report : Sri Lanka seeks BRICS entry with India’s support. Sri Lanka has expressed its strong desire to join the BRICS grouping, a move that could significantly impact the island nation’s economic and diplomatic landscape. Foreign Minister Ali Sabry highlighted the growing influence of BRICS, stating it has become a “good body” […]

21th May 2024 Report : India, UAE streamline trade via IMEEC Meeting. New Delhi, India : In a significant step towards boosting trade connectivity, India and the United Arab Emirates (UAE) recently concluded a successful meeting focused on the India-Middle East-Europe Economic Corridor (IMEEC). Held under the framework of an Intergovernmental Agreement signed in February […]

20th May 2024 Report : Baltimore Frees Cargo Ship, But Indian Crew Still Stranded. Baltimore, MD (May 20, 2024):** In a significant development for the Port of Baltimore, the cargo ship responsible for the tragic bridge collapse in March is set to be moved today, May 20th. The “Dali,” a Singapore-flagged nearly 1,000-foot vessel, will […]

18th May 2024 Report : International Maritime Day 2024: Women Charting Safer Seas. Today, on the 18th of May 2024, the world celebrates the International Day for Women in Maritime. Established by the International Maritime Organization (IMO) in 2021, this day recognizes the crucial role women play in ensuring safe and secure seas. This year’s […]

16th May 2024 Report : India demands release of 40 sailors held by Iran. Tensions simmered between India and Iran this week after New Delhi called for the release of nearly 40 Indian seafarers currently detained by Iranian authorities. The sailors were apprehended from four separate merchant ships seized by Iran over the past eight […]

14th May 2024 Report : India and Iran ink long-term deal for Chabahar port. In a significant development for regional trade connectivity, India and Iran signed a long-term main contract for the development of the Shahid Beheshti Port Terminal at Chabahar, Iran. The signing ceremony, held on May 13, 2024, in Chabahar, was witnessed by […]

15th May 2024 Report : India’s Jaishankar pushes back on US warning over Chabahar port. In a recent development, the United States has issued a stern warning to India regarding its involvement in the Chabahar Port deal with Iran. The warning suggests that India could face potential sanctions if it proceeds with the project. This […]

13th May 2024 Report : Guwahati christens India’s first river terminal, aiming to revolutionize transportation in Assam. Assam is poised for a historic transformation in its transportation sector with the upcoming inauguration of India’s first river terminal in Guwahati. The Guwahati Gateway Ghat (GGG), a state-of-the-art facility, promises to revolutionize waterways in the region, boosting […]

11th May 2024 Report : Brazil Floods Cripple Grain Exports Heavy rains and subsequent floods that ripped through southern Brazil in early May have inflicted a heavy blow on the country’s crucial grain exports. The state of Rio Grande do Sul, a major producer of soybeans, rice, wheat, and meats, bore the brunt of the […]

11th May 2024 Report : EU Forces Halt Pirate Attack, Detain Suspects in Gulf of Aden. European Union Naval Forces (EU NAVFOR) successfully prevented a potential hijacking and apprehended six suspected pirates in the Gulf of Aden on Friday. The incident, which highlights the lingering threat of piracy in the region, involved a product tanker, […]

10th May 2024 Report : Mumbai’s JN Port seizes 122 containers in record haul of suspected Chinese contraband. In a major crackdown, the Jawaharlal Nehru Custom House (JNCH) in Mumbai has seized a record-breaking 122 shipping containers suspected of carrying contraband originating from China. The operation, spearheaded by the Custom Central Intelligence Unit (CIU), raises […]