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OCEAN Alliance Extends Partnership, Strengthens

OCEAN Alliance Extends Partnership, Strengthens “DAY 8 Product” Amidst Red Sea Disruptions

OCEAN Alliance Extends Partnership, Strengthens “DAY 8 Product” Amidst Red Sea Disruptions OCEAN Alliance – a powerful force in maritime shipping, comprising industry giants CMA CGM (No. 3), COSCO SHIPPING (No. 4), Evergreen (No. 7), and OOCL (part of COSCO) – has solidified its presence for another five years. This [...]

A Slow Start for Ship Recycling in 2024: Market Struggles with Tonnage Shortage

A Slow Start for Ship Recycling in 2024: Market Struggles with Tonnage Shortage

A Slow Start for Ship Recycling in 2024: Market Struggles with Tonnage Shortage The global ship recycling industry seems stuck in a rut, according to the latest report by GMS, a company involved in ship demolition sales. This week, activity remained sluggish across major shipbreaking locations, including India, Bangladesh, Pakistan, [...]

The Nemesis Unearthed: Solving a Century-Old Maritime Mystery

The Nemesis Unearthed: Solving a Century-Old Maritime Mystery

The Nemesis Unearthed: Solving a Century-Old Maritime Mystery For over a century, the fate of the SS Nemesis, a steamship that vanished off the coast of Australia in 1904, remained an enigma. This maritime mystery, deeply ingrained in Sydney’s history, has finally been unraveled. In an unexpected turn of events, [...]

Oil Prices Edge Upward on Supply Concerns Amidst Geopolitical Tensions

Oil Prices Edge Upward on Supply Concerns Amidst Geopolitical Tensions

Oil Prices Edge Upward on Supply Concerns Amidst Geopolitical Tensions Oil prices continued their upward trend for the third consecutive day, with a slight increase in early Asian trading on Monday. This rise was primarily driven by worries about potential supply disruptions due to ongoing shipping issues in the Red [...]

Ship Recycling: Indian market marked demand for vessel : BEST OASIS

Ship Recycling: Indian market marked demand for vessel Over the past week, the ship recycling markets across various destinations have exhibited diverse trends. In India, the market has seen a slight uptick, marked by a modest increase in demand for vessels, signaling a positive shift in market conditions. Conversely, Bangladesh’s [...]

Ship Recycling: Demand in Alang remained low: BEST OASIS

Ship Recycling: Demand in Alang remained low: BEST OASIS

Ship Recycling: Demand in Alang remained low: BEST OASIS World’s leading cash buyers for ships for recycling, BEST OASIS in their weekly report opined that The ship recycling sectors across India, Bangladesh, Pakistan, and Turkiye are experiencing varying degrees of market stagnation and operational challenges. In Alang, India, the market [...]

Port Workers in India Refuse to Handle Arms Shipments to Israel in Solidarity with Palestine

Port Workers in India Refuse to Handle Arms Shipments to Israel in Solidarity with Palestine

Port Workers in India Refuse to Handle Arms Shipments to Israel in Solidarity with Palestine Thousands of Indian port workers are taking a stand against the ongoing conflict in Gaza by refusing to load or unload any arms shipments destined for Israel. This decision, announced by the Water Transport Workers [...]

US Strikes Houthi Missiles and Vessels in Yemen : Raising Concerns of Escalating Conflict

US Strikes Houthi Missiles and Vessels in Yemen : Raising Concerns of Escalating Conflict

US Strikes Houthi Missiles and Vessels in Yemen, Raising Concerns of Escalating Conflict On Saturday, February 17th, the United States conducted five airstrikes against targets in Houthi-controlled areas of Yemen. These strikes targeted three mobile anti-ship cruise missiles, one unmanned underwater vehicle (UUV), and one unmanned surface vessel. This marked [...]

India Modernizes its Merchant Shipping Laws: A Comprehensive Overview

India Modernizes its Merchant Shipping Laws: A Comprehensive Overview

India Modernizes its Merchant Shipping Laws: A Comprehensive Overview India is in the process of updating its merchant shipping laws, replacing the outdated Merchant Shipping Act of 1958. The new provisions aim to align with current international maritime conventions that India is part of. Additionally, they seek to streamline the [...]

The Red Sea Dilemma: China's Unusual Stance on Maritime Security

The Red Sea Dilemma: China’s Unusual Stance on Maritime Security

The Red Sea Dilemma: China’s Unusual Stance on Maritime Security Since December 2023, the Red Sea has become a dangerous zone for global shipping due to Houthi attacks on ships associated with Israel. This situation has forced major global shipping companies to avoid the Red Sea, opting for a longer [...]