India shipped 17,35,286 MT of seafood worth Rs 63,969.14 crore (USD 8.09 billion) during 2022-23, despite heavy odds, which is all time high exports in volume and value (both USD and Rupee) terms. Frozen shrimp remained the major export item in terms of quantity, value both while USA and China [...]
India Sees Surge in Steel Imports from China, Sets Three-Year High Overall India witnessed a significant increase in its purchases of finished steel from China, reaching a six-year high in the first two months of the fiscal year beginning in April, as per provisional government data examined by Reuters. Moreover, [...]
The Ministry of Ports, Shipping, and Waterways (MoPSW) will develop two ports on India’s east coast and one port on the west coast as hydrogen hubs as part of the Maritime India Vision 2030. Sarabananda Sonowal, Union Minister for Ports and Shipping, stated that the Paradip Port in Odisha, the [...]
The groups have expressed their concerns regarding the inadequacy of the requirements outlined in the Hong Kong Convention for ensuring ethical, safe, and environmentally friendly ship recycling practices. They argue that these requirements not only fail to meet the standards set by existing laws but also risk undermining ongoing efforts [...]
GMS, the world’s leading ship cash buyer, has reported a relatively quiet week in the ship-recycling industry due to ongoing Eid holidays and a shortage of available ships for scrapping. This has resulted in a decline in new sales and overall activity in the market. Consequently, any price proposals received [...]
The head of the United Nations, Secretary-General Antonio Guterres, called on maritime nations to take action in reducing emissions from the shipping industry. Guterres made this appeal during a meeting of the International Maritime Organization (IMO) in London, emphasizing the need for the industry to achieve net-zero emissions by the [...]
The National Maritime Heritage Complex (NMHC) in Lothal, Gujarat, is a significant project under the Sagarmala program initiated by the Ministry of Ports, Shipping, and Waterways in India. The complex aims to showcase India’s maritime heritage from ancient to modern times and promote awareness of the country’s rich maritime legacy. [...]
The recent accession of Bangladesh and Liberia to the International Maritime Organization’s (IMO) Hong Kong Convention (HKC) has significant implications for ship owners seeking to dispose of end-of-life ships. The HKC, originally adopted by the IMO in 2009, sets global standards for safe and responsible ship recycling. With the HKC [...]
Alang Ship Recycling Report as on 3rd July 2023 [...]
Adani Ports and Special Economic Zone (APSEZ) achieved a significant milestone by anchoring one of the longest container ships in the world at Mundra Port in Gujarat. The vessel, MV MSC Hamburg, measures 399 meters in length and 54 meters in width. This is equivalent to the size of four [...]
