Archives: News

Women occupy only 5% of maritime leadership roles

The proportion of male and female employees in the global shore-based workforce remained essentially steady in 2020, according to Spinnaker’s Maritime HR Association data – 56% male, 41% female, and 3% unknown, with only 5% women in leadership roles.

Can Iraq help resolve oil supply problems and stabilize the market?

“While many members of the OPEC+ group are failing to meet their allowed output quotas, one country that has been able to do so is Iraq,” shipbroker Gibson noted in its latest weekly report.

Water and Contaminants in Marine Fuel Systems: A Coast Guard Safety Alert

The United States Coast Guard is alerting vessel owners and operators about the dangers of water and other pollutants in marine fuel systems.

Netherlands jumps 5 places to become India’s 5th-largest export destination

In the fiscal year ending March 2022, the Netherlands surpassed the United Kingdom as India’s fifth-largest export destination.

India halts wheat export to fight soaring inflation in the country

India officially banned durum wheat exports, moving it into the ‘prohibited’ category with effect from May 13.

First Floating Tidal Power Delivered to Nova Scotia Grid

Sustainable Marine, a UK-based marine energy firm, has leveraged the Bay of Fundy’s massive tidal currents to supply the first floating in-stream tidal power to Nova Scotia’s grid.

Dead Diver and Cocaine Found After Bulker Docks in Australia

Hunt for remainder of cocaine shipment worth $120m underway after diver’s body found in Newcastle in Australia.

Shipping Corporation of India to be privatized

The long-awaited privatization of the Shipping Corporation of India (SCI) is expected to be completed by the end of 2022.

India-UAE Comprehensive Economic Partnership Agreement (CEPA) enters into force

The UAE’s CEPA with India is now operational, with the first shipments under the decreased import tariff from India expected to arrive soon.

Singapore Bunker Contamination Reports

The presence of COC within a batch of marine fuel is said to be the cause of a much reported contaminated bunker incident in Singapore.

India’s ONGC struggling to move Russian oil to Asia

India’s Oil and Natural Gas Corp (ONGC) is struggling to find a vessel to ship 700,000 barrels of crude from Russia’s Far East, in a growing sign that complex trades involving one of Moscow’s biggest partners are being interrupted by Western sanctions.

Everything about Felicity Ace Fire

Here’s everything you need to know about how Felicity Ace, a ship that caught fire and sank into the Atlantic Ocean on March 1, 2022. This incident lead to a total loss of $400 million.