US fails to block world’s first global carbon price, but adoption delayed
LONDON: The IMO agreed to delay the planned adoption of the Net-Zero Framework for one year in a vote this Friday due to delay tactics and procedural sabotage by the US, Saudi Arabia, Russia and other
An extraordinary IMO meeting with extraordinary circumstances for the future of shipping
LONDON : A week of tension and uncertainty has drawn to a close at the International Maritime Organization (IMO) , ending with a delay for shipping decarbonisation and the future of our planet. With
Adoption of the IMO NZF delayed. Regional, national and corporate actors action urged to fill the gap: UCL
LONDON: A scheduled Extraordinary Session of the IMO’s Marine Environment Protection Committee has ended without adopting the policy measures agreed upon in principle in April 2025. These measures are intended to reduce emissions from
Baltic Index logs weekly gain as All Vessel Segments rise in tandem
LONDON: The Baltic Exchange’s Dry Bulk Sea Freight index, which monitors rates for vessels moving dry bulk commodities, rose on Friday and posted a weekly gain, lifted by broad-based strength across all vessel classes.
Drewry: World Container Index up 2% last week
LONDON: For many years, World Container Index has been the go-to, independent, global reference for index-linked contracts. Drewry’s World Container Index increased 2% to $1,687 per 40ft container last week. Drewry’s detailed assessment for
Sarbananda Sonowal announces 840 maritime projects worth ₹5.8 lakh crore to drive sectoral growth
NEW DELHI : Union Minister for Ports, Shipping and Waterways Shri Sarbananda Sonowal said on Wednesday that 840 projects with planned investments to the tune of Rs 5.8 lakh crore will be implemented under
First Maritime Hackathon, MAR-a-THON 2025, inaugurated at IIT-Madras Research Park
CHENNAI : India’s first Maritime Hackathon, MAR-a-THON 2025, was inaugurated at IIT-Madras Research Park, Chennai in Tamil Nadu. The event brings together innovators to develop modern tech-driven solutions for maritime operations. Shri R Lakshmanan,
Brazilian VP Geraldo Alckmin, Minister of Defense, José Múcio Monteiro Filho and Piyush Goyal address India–Brazil Business Dialogue
NEW DELHI : Union Minister of Commerce and Industry, Shri Piyush Goyal, addressed the India–Brazil Business Dialogue on Thursday, highlighting India’s strong economic growth and deepening bilateral partnership with Brazil. Shri Goyal expressed gratitude