Sonowal Recognizes Women Seafarers’ Strength and Contributions

On the International Day for Women in Maritime, Minister Sarbananda Sonowal praised the resilience and contributions of women seafarers in a traditionally male-dominated industry. He noted a significant increase in women entering the profession, driven by policy reforms aimed at empowering them and fostering inclusivity in India’s maritime sector.

Continue reading

IMO Launches Gender Handbook for Women in Maritime

This year’s IMO International Day for Women in Maritime, on May 18, focuses on achieving gender equality in the maritime industry. The theme, “From Policy to Practice: Advancing Gender Equality for Maritime Excellence,” highlights the need for actionable steps to improve the lives of women, including seafarers and shore-based professionals.

Continue reading

India Selects SBI Ventures to Manage Maritime Investment Fund

The Indian government has appointed SBI Ventures as the fund manager for the ₹20,000-crore Maritime Investment Fund (MIF). This initiative aims to attract capital for the maritime sector. SBI Ventures, managing around ₹30,000 crores in assets, will oversee investments, enhancing funding opportunities within the industry significantly.

Continue reading

Advancing Gender Diversity and Safety for Women at Sea

The maritime industry faces workforce shortages, making diversity essential, especially for women’s participation in seafaring. The International Chamber of Shipping’s guidelines highlight women’s challenges at sea. Despite comprising 19% of maritime jobs ashore, women are only 1% of active seafarers, underscoring the need for supportive policies and environments.

Continue reading
JNPA and Gateway Terminals India Settle 14-Year Tariff Dispute

JNPA and Gateway Terminals End Tariff Dispute with Key Settlement

The Jawaharlal Nehru Port Authority and Gateway Terminals India have settled a 14-year tariff dispute, creating a ₹286.55 crore infrastructure fund and refunding ₹18.1 crore to port users. This resolution, facilitated by a Conciliation Committee, aims to enhance commercial relations and infrastructure development at JNPA, targeting increased container throughput.

Continue reading

Iran Unveils Hormuz Safe: Digital Insurance for Strait of Hormuz Vessels

Iran has launched “Hormuz Safe,” a digital insurance platform for vessels in the Strait of Hormuz, allowing cryptocurrency payments amid global banking restrictions. War-risk insurance costs have surged, with premiums rising dramatically. Traditional payments face sanctions, making crypto a viable option, while the U.S. proposes a reinsurance facility for shipping risks.

Continue reading
Samsung Heavy Industries Receives AIP Certificate For

SHI Secures AIP Certification for Floating Data Center

ABS has granted approval in principle to Samsung Heavy Industries for a 50-megawatt floating data center design. Utilizing a standardized shipbuilding process, this innovative approach enhances efficiency and reduces lead times. The initiative addresses the growing demand for data centers, particularly in the context of artificial intelligence and sustainable energy solutions.

Continue reading
Advertisements