Seafaring career in India is set to enhance, with the government targeting a 20% global share of Indian seafarers by 2030. Anglo-Eastern Shipping Company celebrates its 50th anniversary and offers one of the largest cadet training programs, training over 2,000 aspiring officers, including a focus on female students.
Starting in 2025, ferry passengers can expect a significant rise in ticket prices due to a 7% increase in seafarers’ wages over the next two years. The Panhellenic Seamen’s Federation reached an agreement after a three-day strike, leading to the suspension of the strike. Fuel surcharges will also contribute to the fare increase.
Japan’s NYK and Oono Development Company are collaborating to explore green ship recycling potential in Japan. Emphasizing eco-friendly practices and circular economy support, the partnership aims to commercialize ship recycling. With the rising interest in recycling materials, the focus is on utilizing high-quality steel from ships for construction and other industries.
Martek Marine, a leading company in Rotherham, recently completed a successful £12m management buyout. Specializing in safety equipment for the maritime industry, Martek has a strong reputation for quality products. With backing from Foresight Group, the company is poised for growth. Awards and certifications attest to Martek’s excellence and commitment to innovation.
Malta is set to host the Malta Maritime Summit, a key shipping forum, from October 7-11. This year’s event will see government ministers from various countries discussing the EU’s vision for the maritime sector. Topics like artificial intelligence and sanctions will be on the agenda, reflecting the industry’s current challenges. The summit aims to shape the future of the maritime industry through collaboration and discussions.
Capital Link’s ninth Maritime Leaders Summit will take place at the Four Seasons Astir Palace Hotel in Vouliagmeni, Athens, during Posidonia 2024. With a focus on “Dashing Ahead – Leadership in Action,” the event will feature key industry players discussing current trends and challenges. This forum offers a valuable platform for networking, collaboration, and learning within the maritime community. Visit the Capital Link website for more information.
Shipping Deputy Minister Marina Hadjimanoli highlighted the progress of the Cypriot shipping industry, with an increase in registered foreign ships and companies. The Cypriot flag’s quality improved, ranking 8th in the Paris White List. Efforts to digitize services and reduce greenhouse gas emissions were also emphasized, along with Cyprus’ role in European shipping sustainability.
The maritime industry is embracing artificial intelligence as a key player in its transformation. With the upcoming Posidonia Shipping Exhibition highlighting the industry’s shift towards AI, companies like Emmis Marine are leading the charge by incorporating AI into their research and development to stay ahead of technological demands.
The maritime economy in Monaco contributes almost 10% to the Principality’s turnover, with 635 businesses dependent on the sea. The sector generated 1.8 billion euros in turnover and provided 3,268 jobs in 2022. Yachting, a significant part of the maritime economy, contributed 550 million euros and employed 1,429 people.
At the next Cabinet meeting in Turkmenistan, President Serdar Berdimuhamedov announced the country’s accession to the IMO Convention on Facilitation of International Maritime Traffic. This decision aims to improve international cooperation, simplify shipping procedures, and modernize the maritime industry and fleet. President Berdimuhamedov emphasized the need to increase cargo transportation by sea and river.
