SHIP
MatchLog partners with Maersk for landside equipment optimisation in India
Mumbai-based MatchLog Solutions is aiming to create a sustainable ecosystem in the shipping industry through its container reuse platform.
Shipping Ministry hosts workshop on digital transformation to achieve maritime Amrit Kaal vision 2047
The Ministry of Ports, Shipping and Waterways (MoPSW) convened a workshop in New Delhi to boost digital efficiency in the maritime sector. Union Minister Sarbananda Sonowal highlighted technology's role in modernising port operations.
Kim Jong Un oversees warship weapons test-fire, eyes nukes for N. Korea navy
North Korean leader Kim Jong Un has ordered the rapid nuclear armament of naval vessels, following the first test-firing of a new warship weapons system. The newly unveiled 5,000-ton destroyer-class vessel, Choe Hyon, is expected to be equipped with tactical nuclear missiles.
Taiwan detects 20 sorties of Chinese aircraft in its territory
Taiwan's defense ministry reported detecting a significant presence of Chinese military aircraft and vessels operating around the island. Eighteen PLA aircraft crossed the median line, entering Taiwan's ADIZ. This activity follows a pattern of increased Chinese military maneuvers near Taiwan, prompting responses from Taiwan's armed forces and raising concerns about regional stability amid China's territorial claims.
Govt approves policy to make Maharashtra shipbuilding hub, create 40,000 jobs by 2030
Maharashtra is set to become a major shipbuilding hub. The state government approved a new policy for shipbuilding, repair, and recycling. This initiative aims to attract significant investment and create numerous jobs. The policy includes financial assistance, land allocation, and skill development programs. Maharashtra aims to contribute significantly to India's shipbuilding targets by 2030.
US lost seven multi-million-dollar drones in Yemen area since March
The United States military has suffered equipment losses in the Yemen region. Seven MQ-9 Reaper drones have gone down since March 15. A US Navy F/A-18E warplane fell into the Red Sea from the USS Harry S. Truman. The US continues strikes against the Huthis in Yemen.
Retail nightmare incoming? Donald Trump’s trade policies may lead to empty shelves and full-blown recession by June
Experts warn that US President Trump's escalating trade war with China is set to significantly impact American businesses and consumers. Apollo Global Management predicts potential disruptions by mid-May, including halted freight transport and empty shelves. The National Retail Federation anticipates a substantial decline in US import cargo volumes, signaling a challenging economic period ahead.
Defence stocks: In the short term it’s an event, in the long term a trend: 9 defence stocks with upside potential of up to 32%
With tensions flaring up again between India and Pakistan, did you notice that it is naval moves that are making news, with missiles being fired from ships? Yes, the air force is also undertaking exercises, but somehow it is the navy that is visibly more active. Now, all this is a short-term reaction. The long-term reality is that if India is to become an economic super power, it needs much better defence capabilities. And these should not be dependent on foreign countries. Now, defence capabilities cannot be built overnight. So, ignore the short-term events and focus on defence as a long-term trend.
Pakistan ally Azerbaijan increases flights and trade with India
Azerbaijan is enhancing ties with India, launching Ahmedabad-Baku flights in July, complementing existing Delhi and Mumbai routes. This move aims to boost people-to-people connections. Amidst growing Indian tourism to Azerbaijan, the nation delivered soda ash to Indian ports via cargo ship.
Don't evade antitrust review, Beijing warns operator of key Panama Canal ports
The sale by the Hong Kong conglomerate, which contains two ports along the strategically important Panama Canal, has become highly politicised amid intensifying U.S.-Sino trade tensions. "No concentration of undertakings shall be implemented without approval, otherwise legal liability will be incurred," the State Administration for Market Regulation said in a statement.
Rs 3.35 crore paid for rare Titanic letter: A 'prophetic' message written days before the ship sank
A letter written by Titanic survivor Colonel Archibald Gracie just days before the ship sank has been sold for a record-breaking Rs 3.35 crore (?300,000) at a UK auction. The letter, written on April 10, 1912, from Gracie's first-class cabin, contains a prophetic statement about the ship. Gracie survived the sinking by climbing onto an overturned lifeboat and later documented his experience in the book The Truth About The Titanic. This letter, believed to be the only surviving correspondence from Gracie aboard the Titanic, was sold to a private collector.
IOS Sagar arrives in Port Louis after completing 1st phase of EEZ surveillance
Indian naval ship IOS Sagar, carrying personnel from nine nations, finished its first joint surveillance phase with Mauritius. This operation is part of a larger deployment in the South Western Indian Ocean. Defence Minister Rajnath Singh initiated the mission on April 5. The goal is to enhance regional maritime security and international cooperation.
Indian Navy conducts successful anti-ship missile firings to demonstrate combat readiness
The Indian Navy recently showcased its combat readiness through successful anti-ship missile firings, reaffirming its commitment to safeguarding maritime interests. INS Surat, an indigenous guided missile destroyer, achieved a precision strike against a sea-skimming target. Furthermore, INS Chennai and INS Kesari concluded the inaugural AIKEYME exercise, strengthening defense cooperation with Tanzania.
Trump says US ships should be allowed to travel through the Panama and Suez canals for free
Donald Trump said that American ships should travel through the Panama and Suez Canals without charge. He asked Secretary of State Marco Rubio to handle the situation. The Panama Canal is strategically important for trade. It carries a large amount of US container traffic. The US gave control of the canal to Panama in 1999.
U.S. military stunned as Houthi rebels down 7 high-tech Reaper drones in weeks, costing over $300 million and raising eyebrows
Houthi rebels in Yemen downed seven US drones recently. These drones cost the Pentagon millions of dollars. The US military increased its strikes against the Houthis last month. This was after Houthi attacks on Red Sea shipping. The US has two aircraft carriers near Yemen. Senators are worried about civilian deaths from US strikes.
India's maritime fundamentals remain strong despite US tariffs, says Synergy Marine CEO
Synergy Marine Group CEO Jesper Kristensen anticipates short-term friction in India's maritime sector due to US reciprocal tariffs. However, he emphasizes India's strong fundamentals, including expanding port capacity and a skilled workforce, ensuring long-term resilience. Kristensen highlights rising demand for skilled maritime professionals driven by digitalization and decarbonization.
Trump’s tariffs may spike freight costs by 30%; India set to ride the supply chain shake-up
India’s shipping sector is at a critical juncture due to a shift in tariff dynamics. Smart policy may turn a freight storm into a global trade success, say industry players.
Global container shipping volume to fall 1% on Trump trade policies, Drewry says
The Trump administration's tariffs on goods from China and other nations are prompting businesses to shift production to countries with lower tariffs. This uncertainty is impacting consumer confidence and raising concerns about a potential U.S.
Israeli military says 'likely' intercepted missile launched from Yemen
The Israeli military reported a missile launch from Yemen, triggering air raid sirens in northern Israel, including Haifa. An interceptor was launched, likely successfully neutralizing the missile. Since October 2023, Huthis have repeatedly targeted Israel with missiles and drones, claiming solidarity with Palestinians, while also attacking ships in the Red Sea.
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