IMO progress and GHG levy momentum increases the imminence of the endgame for shipping’s use of fossil fuels
LONDON : The MEPC 81 meeting concluded on 22nd March 2024, further clarifying the risk and opportunity both for the international shipping value chain’s commercial decision making, and for this sector’s contribution to minimise
PSA International announces financial results of 2023
SINGAPORE : PSA International has reported earnings of $1.46 billion for the FY2023 ended Dec 31, 2023, down 6.3% compared to its $1.56 billion earnings in FY2022. For the full-year period, revenue decreased by
Mazagon Dock Shipbuilders to lease land parcel from Mumbai Port Authority for ₹354 crore
MUMBAI : State-run Mazagon Dock Shipbuilders Ltd (MDL) on Thursday (March 21) said the company will lease a land parcel measuring 14.55 acres from the Mumbai Port Authority (MbPA) for its Mumbai yard. MDL’s
IMO agrees possible outline for maritime “net-zero framework
LONDON : IMO has agreed on an illustration of a possible draft outline of an “IMO net-zero framework” for cutting greenhouse gas emissions (GHG) from international shipping. This marks a step forward in the
Another Chinese missile tracking vessel in Indian Ocean Region as India issues new NOTAM
NEW DELHI : A Chinese satellite and missile tracking vessel is approaching the Indian Ocean, raising concerns in India, said Damien Symon, a geo-intelligence expert, on Friday. He also said that one more Chinese
Houthis reportedly strike Deal with Russia, China for safe passage
YEMEN : Houthi rebels here—who have been attacking ships passing through the Red Sea in an apparent show of support for Hamas in the Israel-Hamas War—have reached a deal with Russia and China to
IMO on track to adopt mid-term measures to cut emissions from ships
LONDON : IMO is advancing discussions on legally-binding ‘mid-term’ measures to help the maritime industry achieve net zero shipping, as set out in the 2023 IMO Strategy on the Reduction of GHG Emissions from Ships. The
Indian Navy plays important role in the Indian Ocean Region on anti-piracy missions to counter Somali pirates
NEW DELHI : The Indian Navy is playing an important role as a security provider in the Indian Ocean Region, with repeated operations demonstrating its capabilities, particularly in the north-western Indian Ocean, where security