Editorial

Chennai, 22 March 2023: As part of a broader plan to have net-zero greenhouse gas emissions by 2040, shipping giant Denmark’s A.P. Moller–Maersk has ordered 19 ships it says will run on carbon-neutral methanol. CMA CGM, a French operator, has ordered 12, as has COSCO Shipping, the Chinese container ship …

Chennai, 15 March 2023: With cargo volumes between India and Russia building up, niche Indian non-vessel owners [NVOs] have also begun deploying vessels on inducement. Mumbai-based Econship is one such new entrant into this lucrative market. Ruscon, a leading multimodal transport logistics provider in Russia, has significantly expanded its containerised …

Chennai, 8 March 2023: One year since the start of Russia’s full-scale invasion, Ukraine’s economy and infrastructure are in tatters, with the government and its allies planning the largest rebuilding effort since World War II. The World Bank estimates that Ukrainian GDP shrank by 35% in 2022, and projected in …

Chennai, 1 March 2023: At the peak COVID-19 lockdowns, demand for many products decreased, but as the world returns to normal and demand continues to increase dramatically, the shipping industry finds itself struggling to stay afloat. As a result, maintaining the chain of supply has proven to be difficult for …

Chennai, 22 Feb 2023: With the international trade flows rebounding as fast as they fell, It was unfounded that globalisation was in reverse during the pandemic. The Russian, and Ukraine conflict has its impact on supply chain interruptions globally, and inflationary pressures and sanctions are now hitting food prices, the …

Chennai, 15 Feb 2023 The devastating earthquake measuring 7.8 on the Richter scale on the border between Turkey and Syria on February 6 has led to many Turkish ports facing operational challenges. LimakPort Iskenderun, located in the Mediterranean coastal town of Iskenderun in the southern Turkish province of Hatay, was …

Chennai; 8 Feb 2023: Dwelling on the Outlook for 2023-24, the Survey says, India’s recovery from the pandemic was relatively quick, and growth in the upcoming year will be supported by solid domestic demand and a pickup in capital investment. It says that aided by healthy financials, incipient signs of …

Chennai, 1 Feb 2023: The shocks that have shaken the global economy in recent years have introduced a new normal for turbulence, driven in some cases by political fragmentation between countries. These episodes have also lifted uncertainty to exceptionally high levels, which in turn hurts economic growth. In contrast to …

Chennai, 25 Jan 2023: For the United States, apathy towards shipping sadly remains business as usual. Billion in subsidies for the carbon-intensive aviation industry while not even a public word of acknowledgment from Biden – whose father worked in shipyards – rarely discusses shipping except to admonish the industry’s largest …

Chennai, 18 Jan 2023: The debate on Ram Sethu, also known as Adam’s Bridge, has come up yet again. This time, the issue was raised by an Independent MP from Haryana, Kartikeya Sharma, in Rajya Sabha. In a reply to his query about scientific research on the structure, the government …

Chennai, 11 Jan 2023: In its latest report, shipbroker Intermodal said that “the United Nations Conference on Trade and Development (UNCTAD) published a Global Trade Update on December 13th highlighting that global trade would hit a record $32 billion for 2022 despite the war in Ukraine and the continuation of …

Chennai, 4 Jan 2023: The year 2023 will likely be another tough period for the global economy since high inflation rates, lower oil and gas supplies, disrupted supply chains, labor strikes and central banks raising interest rates will continue to impact the international business markets. We will see global consumption …

Chennai, 28 Dec 2022: India is a party to the United Nations Convention on the Law of the Sea adopted by the United Nations on December 10, 1982, and ratified the convention on June 29, 1995. Up until now, it did not have any domestic law on maritime piracy. Therefore, …

Chennai, 21 Dec 2022: Stating that India’s level of economic activity is closer to the pre-pandemic path, global brokerage firm Credit Suisse expects the Gross Domestic Product (GDP) growth of the country going ahead will be stronger than the current consensus forecast of 6 per cent in the financial year …

Chennai, 14 Dec 2022: The international maritime community gathered this week in London to discuss the energy transition of shipping, in particular the revision of the levels of ambition of the IMO GHG (Greenhouse Gas Emissions) Strategy, the combination of measures to be adopted to drive decarbonisation, and the ensuring …