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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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Editorial: Light At End of the Pipeline!

Chennai, 14 April 2021: OPEC+ shocked the market in early March by keeping production cuts in place. Definitely not what the tanker industry wanted to hear. In typical fashion, it was spun as good news for shipping: Spot-rate pressure would be even worse in the near term, but the pain …

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Editorial: A Black Swan Event

Chennai, 7 April 2021: Bigger the ship is, larger the risk. The value of commodities transported by container is getting higher and higher, therefore in the event of accident, the loss of huge amount of cargo will be the lost for ship owner, cargo owner and insurance company.  The six-day …

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Editorial: The Ripple Effect

Chennai, 31 March 2021: Ever Given made headlines following its grounding in one of the key bloodlines of the global trade, namely the Suez Canal. Specifically, 12% of world trade takes place through the Suez Canal, and estimates from Bloomberg indicate that the blockage has halted $9.6 billion worth of …

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Editorial: Misplaced Reforms Process

Chennai, 24 March 2021: When Finance Minister Nirmala Sitharaman said in her Budget presentation for 2021-22 that the government intends to privatise two public sector banks, without specifying which ones, it was a part of a larger thrust by the government on roping in the private sector to pick up …

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Editorial: Breaking the Glass Vial

Chennai, 17 March 2021: Much of this global health security effort is being run by women, writes Susan Brown, Director of Public Policy Engagement, Gavi, the Vaccine Alliance and Roopa Dhatt, Founder, Women in Global Health. The global initiative for this is COVAX, and for the design, development and initial …

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Editorial: Reflagging Shipping Corp Ships

Chennai, 10 March 2021: Reflagging clarity will be crucial for foreign-based interest in SCI, though, the internationally Indian flag is considered to be one of the worthiest flags in several ways including from commercial angle. However, it does call for in-depth dwelling in terms of regulatory matters coupled with turnaround …

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Editorial: Selling the Family Silver

Chennai, 3 March 2021: The Covid-19 pandemic raises concerns over the BJP government’s efforts to disinvest PSUs and highlights the need for substantial public investment and subsidies in the economy. It also warrants a re-look at the move to sell off the public sector units (PSU) to raise resources. It …

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Editorial: No Easy Sailing for Shipping Corp

Chennai, 24 Feb 2021: It is still not going to be easy for this 71-year-old Navaratna – Shipping Corporation of India – to find a new owner due to the abse­nce of a robust shipping policy. The Union government’s plan to raise Rs 2.1 lakh crore targeted in the last …

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Editorial: The Bill is Not to Sell

Chennai, 17 Feb 2021: The Major Ports Authority Bill, 2020 was passed through ballot votes in the Rajya Sabha on Wednesday with 84 votes in its favour and 44 against it. The Lok Sabha had passed the bill on September 23 last year. Allaying fears that the Major Ports Authority …

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Editorial: Flagging of Merchant Ships

Chennai, 10 Feb 2021: To promote flagging of merchant ships in India, in her Budget Speech, the Union Finance Minister Nirmala Sitharaman proposed to launch a subsidy support scheme of Rs 1,624 crore in global tenders floated by ministries and CPSEs over five years to Indian shipping companies. She emphasised …

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Editorial: On a Safe Path Forward

Chennai, 03 Feb 2021: As the Biden administration settles into place, infrastructure will be high on the list of priorities. When he was Vice President, under Barack Obama, Biden had addressed the 2014 American Association of Port Authorities (AAPA) annual convention; in his keynote speech, he stressed the importance of …

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