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Editorial: Global Trade Roars Back

Chennai, 28 July 2021: Globalization is back with such a vengeance that the shipping lines are struggling to keep up, sending freight rates to astronomic levels. The onset of the pandemic early last year slashed trade volumes and highlighted the vulnerability of the extended supply chains that are the hallmark …

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Editorial: Sops to Indian Shipping Liners

Chennai, 21 July 2021: In order to address the cost disadvantage suffered by Indian flag ships, Finance Minister Nirmala Sitharaman has in her Union Budget for 2021-22 speech had announced a scheme providing Rs 1,624 crore over five years to promote flagging of merchant ships in India by providing subsidy …

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Editorial: A Can-Do Approach

Port Wings, 14 July 2021: As the policies are developed, it is important we communicate our position of environmental strength. Moving cargo by water is the most carbon-efficient form of transportation. Logic dictates a shift from other forms of transportation to waterborne will reduce carbon emissions. This represents an opportunity …

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Editorial: A Surge in Freight Rates

Chennai, 7 July 2021: At the start of the coronavirus disease of 2019 (COVID-19) pandemic, expectations were that seaborne trade, including containerized trade, would experience a strong downturn. However, changes in consumption and shopping patterns triggered by the pandemic, including a surge in electronic commerce, as well as lockdown measures, …

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Editorial: ‘States’ Autonomy At Stake’

Chennai, 30 June 2021: Tamil Nadu Chief Minister MK Stalin recently wrote to nine chief ministers proposing that all the coastal states and Union territories oppose the new draft Indian Ports Bill, 2021. Stalin wrote to his counterparts in Gujarat, Goa, Maharashtra, Karnataka, Kerala, Andhra Pradesh, Odisha, West Bengal and …

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Editorial: What are We Waiting for?

Chennai, 23 June 2021: The shipping industry has welcomed the growing momentum for a $5 billion R&D Fund for shipping, but is calling upon governments to act in line with their climate commitments and not waste more time in moving forward with decisive action to support the decarbonisation of the …

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Editorial: Build Back Better World

Port Wings, 16 June 2021: The Group of Seven (G7) richest democracies sought to counter China’s growing influence by offering developing nations an infrastructure plan that could rival President Xi Jinping’s multi-trillion-dollar Belt and Road initiative. The G7, whose leaders are meeting in southwestern England, has been searching for a …

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Editorial: Economy Back On Its Feet

Port Wings, 9 June 2021: The global economic outlook has improved since the first quarter (Q1) of 2021 with the global real GDP growth this year now expected to be the fastest in more than 40 years at 5.8%, followed by 4.5% growth in 2022, said market research company Euromonitor …

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Editorial: The Platform Economy

Chennai, 2 June 2021: Online platforms are increasingly a regular part of our everyday routines. We use them to communicate, shop, order food, consume entertainment, get around and find travel accommodations. According to Applico CEO Alex Moazed, a platform is “a business model that creates value by facilitating exchanges between …

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Editorial: Second Wave of Destruction…

Chennai, 19 May 2021: With the second wave of Coronavirus forcing India upside down, several indicators clearly show that Indian economy is already feeling the stress of the ongoing deadly pandemic wave. After a hasty and unplanned two-month-long lockdown last year put Indian economy into coma, the Narendra Modi-led Union …

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Editorial: India’s Covid-19 Nightmare

Chennai, 05 May 2021: The steep rise of Covid-19 infections in India and the continuously worsening situation in the country has prompted Rystad Energy to significantly downgrade its short-term global liquids demand estimate. India’s struggle will slash an extra 575,000 barrels per day (bpd) of oil liquids demand in April …

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Editorial: Winds Of Change

Chennai, 28 April 2021: Offshore wind as a renewable energy source is not only one of the fastest growing sector, but it is also set to outpace other renewable energy as well. It is estimated that wind (onshore and offshore) will contribute 18% of total power generation by 2050. The …

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Editorial: Decarbonised Future for Shipping

Chennai, 21 April 2021: An independent study has reconfirmed that greenhouse gas (GHG) reductions of up to 23% are achievable now from using LNG as a marine fuel, depending on the marine technology employed. This is compared with the emissions of current oil-based marine fuels measured from Well-to-Wake (WtW). The …

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