Mediterranean Shipping Company SA (MSC) is discussing with the Ministry of Ports, Shipping, and Waterways to set up a shipyard in India. The company is looking into utilizing a shipyard in Pipavav, Gujarat for construction and repairs. With global shipyard space running low, MSC is considering this move to address its growing needs.
The Gujarat Maritime Board (GMB) recently organized a Stakeholder Consultation Workshop at Mahatma Mandir, focusing on the “Coastal Shipping Policy of Gujarat: Paradigm Shift in Supply Chains.” Industry leaders, policymakers, and maritime experts discussed enhancing coastal shipping in Gujarat, emphasizing its cost-effectiveness, environmental benefits, and potential for sustainable growth.
A high-level delegation from Hanwha Ocean Co. Ltd. of South Korea, led by Senior Vice President Jin Su Lee, recently visited India to explore collaboration opportunities in the shipbuilding industry. Both nations are interested in working together to strengthen their positions, with India aiming to be among the world’s top 10 shipbuilders by 2030.
The salvage of the sunken superyacht Bayesian off the coast of Sicily has been postponed due to weather conditions and approval of a salvage plan. The hull is crucial evidence in a criminal investigation, with strict preservation restrictions imposed by the local prosecutor. The yacht sank during a windstorm, leading to the loss of seven lives.
The Captain of the Port for Coast Guard Sector Miami has introduced a new regulated navigation area around Port Miami to address concerns about high-speed vessel operations. The slow speed zone will apply to vessels under 50 meters in certain channels to prevent accidents and disruptions to maritime traffic. Enforcement begins on January 29, 2025.
The delayed expansion of the Jaya Container Terminal (JCT) at the Port of Colombo has led to increased costs and the need for new gantry cranes. Originally estimated at Rs 5 billion, the project now is projected to cost Rs 10 billion. The terminal’s extension aims to modernize and expand, with an anchorage increase.
Recycling nation currencies faced declines this week, notably the Bangladeshi Taka. The Baltic Shipping Index also saw a downward trend, affecting dry bulk markets. Despite predictions of a healthier first quarter, vessel prices have dropped due to weaker currencies and depressed sentiments. The cheaper tonnage in has led to a challenging outlook.
The World Shipping Council is warning of stricter regulations for charcoal shipments following recent fires. Carriers must implement new rules this year, ahead of mandatory IMO regulations in 2026. Charcoal will be classified as dangerous goods under the IMDG Code. Shippers are urged to comply to prevent future incidents.
The state administration of Andhra Pradesh is focused on transforming the region into a hub for the shipbuilding industry, in line with Chief Minister N. Chandrababu Naidu’s vision. With its long coastline and strategic location, Andhra Pradesh has great potential to become a key player in shipbuilding. The state’s progress signals a promising future.
The International Hydrographic Organization (IHO) member states have approved the first operational standards under the S-100 framework, allowing for the integration of various datasets into a single Electronic Chart Display and Information System (ECDIS). This adoption is expected to significantly impact ocean data collection, sea surveys, and maritime safety, efficiency, and environmental sustainability.
The Directorate General of Shipping (DGS) and the National Union of Seafarers of India (NUSI) have launched the innovative program “Sagar Mein Yog – Complete wellness at sea” to prioritize the welfare of Indian seafarers. This initiative integrates yoga and holistic wellness practices to address the unique challenges faced by seafarers on extended voyages.
The Indian Ambassador to Myanmar, along with officials from the Indian Embassy and India Ports Global Limited, assessed the progress of the Kaladan Project at Sittwe Port. Over 150 ships have utilized the port since its opening in May 2023, transporting essential goods. Emphasis was placed on aligning development initiatives with local needs.
The shipping industry is implementing new safety regulations to prevent charcoal fires on ships, following a series of incidents caused by mishandling of shipments. With upcoming IMO regulations in 2026, organizations like the WSC are pushing for improved safety practices and proper classification of charcoal as dangerous goods to mitigate risks.
Houthi leader Abdul-Malik al-Houthi vows to continue military operations in support of Palestinians amid Israeli aggression. Over 100 attacks on commercial vessels by Houthis since late 2023, with a decrease in 2024. Uncertainty surrounds the reopening of the Red Sea, as industry experts monitor the situation cautiously. Naval forces’ assurance is crucial.
The International Maritime Organization (IMO) has launched the theme “Our Ocean, Our Obligation, Our Opportunity” for 2025, highlighting the importance of protecting the ocean for future generations. Secretary-General Dominguez emphasized the need for collective action and engagement of the maritime community in safeguarding the ocean. School children in London expressed concerns about plastic pollution.
