NEW DELHI : With little progress in establishing a protection and indemnity (P&I) entity to insure cargo vessels, the Centre is considering deploying its funds as a preliminary investment. This approach would involve private
NEW DELHI : Micro and Small Enterprises (MSEs) will now be able to prepay loans without paying foreclosure penalty. Banks and NBFCs are not permitted to levy foreclosure charges or prepayment penalties on any floating rate term
LONDON : The World Bank has raised India’s economic growth forecast from 6.6 per cent to 7 per cent for the financial year 2024-25 citing the growth of agriculture output and policies as a major factor contributing
FELIXTOWE : A.P. Moller – Maersk has celebrated the naming of its latest dual-fuel methanol container vessel “Alexandra Maersk”. UK’s Maritime Minister Mike Kane, representatives of the IMO, customers and Maersk employees joined the
JAVA : New multipurpose International Container Terminal Services (ICTSI) officially opened in Lamongan Regency, Indonesia, on Wednesday, October 2. Construction of the East Java Multipurpose Terminal (EJMT) began in March 2023, and within 18
LONDON / SINGAPORE : A project assessing the technical feasibility of onboard carbon capture and storage (OCCS) in the shipping sector, carried out by the Oil and Gas Climate Initiative (OGCI), the Global Centre
LIMMASOL : DUCAT Maritime, a leader in global maritime logistics, has announced a significant milestone in its operations: the delivery of over 15 million tonnes of rice to West Africa since the company was
LONDON : Lloyd’s Register has released its Fuel Quality Report 2024, offering vital insights into the evolving landscape of marine fuel quality and its implications for the maritime industry. Ongoing concerns around fuel
OSLO : Marlink, the leading managed services provider of business-critical ICT solutions, has released the latest global maritime cyber threat report produced by its Security Operations Centre (SOC). The report, based on data gathered
NEW DELHI : The Union Cabinet, Chaired by the Prime Minister Shri Narendra Modi, has approved the development of National Maritime Heritage Complex (NMHC) at Lothal, Gujarat. The project will be completed in two phases.
