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Robots and Automation to be the future of Marine industry
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Robots and Automation to be the future of Marine industry

Being one of the oldest professions in the world, Maritime Industry has certainly come a long way. Especially the growth..

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Chinese Master refuses to let Indian crew onboard
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Chinese Master refuses to let Indian crew onboard

A Chinese product tanker has been stuck for over seven weeks off the Indian east coast port of Kakinada while..

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Inland Vessel Act 2021 to bring revolution and ease in executing trade in India
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Inland Vessel Act 2021 to bring revolution and ease in executing trade in India

Citing the importance of reducing the expenses on transportation of goods across the country, Central Minister of Ports, Shipping and..

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World economy could lose $2.3 trillion due to delay in vaccination
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World economy could lose $2.3 trillion due to delay in vaccination

The world economy is set to lose trillions in GDP because of delayed vaccination timelines, with developing economies bearing most..

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Thermal coal demand remains robust in North Asia and is weakening in South Asia
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Thermal coal demand remains robust in North Asia and is weakening in South Asia

Thermal coal’s rally to 13-year highs in Asia has done little to dampen overall demand, but the region is increasingly..

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IOTO shows 40% increase in maritime bookings
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IOTO shows 40% increase in maritime bookings

Maritime bookings represented by the Inbound Ocean TEUs Volume Index (IOTI) show a 40% increase over the past two weeks,..

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Fewer VLCCs have been scrapped during 2021
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Fewer VLCCs have been scrapped during 2021

Despite elevated ldt prices for ship scrapping, vintage tanker tonnage and more particularly VLCCs, have remained far from the scrapyards..

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BIMCO launches survey to know the effectiveness of anti-fouling systems
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BIMCO launches survey to know the effectiveness of anti-fouling systems

BIMCO is launching a new survey with the aim of gathering information from shipowners about the effectiveness of their anti-fouling..

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IMB acknowledges Nigeria’s progress in the quest for security in the Gulf of Guinea
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IMB acknowledges Nigeria’s progress in the quest for security in the Gulf of Guinea

A sustained reduction in reported cases of piracy and other maritime crimes in Nigerian waters would end the War Risk..

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