It is indeed tragic that the submersible Titan, while on a tourist expedition to view the wreck of the Titanic, suffered a catastrophic implosion near the wreckage site, resulting in the loss of all five crew members on board. James Cameron, the renowned director of the film Titanic, drew parallels [...]
The Hong Kong Convention for the Safe and Environmentally Sound Recycling of Ships is an International Maritime Organization treaty aimed at improving the ship recycling industry. However, its ratification has been delayed for over 14 years since its adoption in 2009. India has been eager for its ratification and has [...]
The Independence of the Seas, a Royal Caribbean cruise ship, experienced unexpected and dangerously high winds while preparing to leave Port Canaveral in Florida. The incident occurred during a brief but intense rainstorm, catching passengers off guard. Videos posted on social media depicted deck furniture, such as chairs and tables, [...]
Alang ship recycling report as on 23rd June 2023 [...]
For the second consecutive year, Stolt Tankers and its partners NYK Line, Tufton, and Farvatn Capital have donated a total of $100,000 to environmental projects. Coastruction and One Tree Planted are working towards the regeneration of coral reefs and global reforestation, respectively. “We are delighted once again to be working [...]
The selection of SN Corporation, an HKC-compliant yard in Chittagong, Bangladesh, for its first green recycling initiative, demonstrates H-LINE Shipping’s commitment to promoting sustainable practices in the maritime industry. This decision not only contributes to environmental protection but also has a significant social impact by creating employment opportunities for a [...]
In a bid to secure funds, the Pakistani government is considering transferring control of its Karachi port terminals to the United Arab Emirates (UAE), according to a report released on Tuesday. The country’s finance minister, Ishaq Dar, recently presided over a meeting of the cabinet committee on inter-governmental commercial transactions. [...]
In 2022, the global ship finance industry faced significant challenges due to various factors affecting the shipping market. The Ukrainian war and geopolitical tensions led to a sharp increase in energy prices, including natural gas, crude oil, and coal. This, along with international sanctions, resulted in a divergence between energy-related [...]
Seafarers play a crucial role in maintaining global trade and ensuring the smooth operation of maritime activities. They work in various capacities on different types of vessels, such as cargo ships, oil tankers, cruise ships, fishing boats, and more. Here are some key points to consider regarding the life and [...]
Adani Ports & Special Economic Zone Ltd. has resumed operations at its Mundra port in Gujarat after a cyclonic storm named Biparjoy passed through the region. The port had halted work for several days due to the storm. Karan Adani, the CEO of Adani Ports, mentioned in a tweet that [...]
