MARITIME EXPERTS
Indian ship captain, crew win 'exceptional bravery' awards for Red Sea rescue
Captain Avhilash Rawat and his crew of an oil tanker, 'Marlin Luanda', have been awarded the International Maritime Organisation's 2024 Award for Exceptional Bravery at Sea for their extraordinary courage in a Red Sea rescue mission. The crew was awarded for their determination and endurance in coordinating firefighting and damage control efforts during a fire that broke out after an anti-ship missile was fired by Iranian-backed Houthi rebels.
Shipping stocks skyrocket 20%, Shipping Corporation, Eastern Shipping lead
Shipping stocks surged with Shipping Corporation of India hitting a new all-time high, and Great Eastern Shipping a 52-week high. Investors anticipate a Rs 15,000-20,000 crore Maritime Development Fund from the Union Budget. Essar Shipping surged, along with Cochin Shipyard. Multibagger returns were seen, but experts' opinions do not represent Economic Times' views.
India, UAE underscore need to enhance defence collaboration to tackle security challenges
The 12th India-UAE JDCC meeting discussed security, training, exercises, and industrial cooperation. Indian delegation led by Amitabh Prasad, UAE by Brig Gen Jamal Ebrahim Mohamed Almazrooqi. Prasad met Ali Abdulla Al Ahmed and Tawazun Economic Council's CEO. Established in 2006, Indian Embassy and senior Defence officials participated. Staff talks, strategic partnership, and subject matter expert exchange were addressed.
Indian Navy warships complete Manila visit as part of operational deployment to South China Sea
Indian Navy ships INS Delhi, INS Shakti, and INS Kiltan completed their visit to Manila, Philippines as part of the Operational Deployment of the Indian Navy's Eastern Fleet to the South China Sea, emphasizing India's commitment to peace and stability in the region.
Indian Navy's Eastern Fleet Ships arrive in Manila to participate in Maritime Partnership Exercise
Indian Navy ships INS Delhi, INS Shakti, and INS Kiltan arrived in Manila, Philippines, as part of the Operational Deployment of the Indian Navy's Eastern Fleet to the South China Sea. The visit aims to strengthen the friendship and maritime cooperation between India and the Philippines. The ships were warmly welcomed by the Philippines Navy and will engage in professional interactions, sports fixtures, and community outreach programs. This visit comes amid tensions between China and the Philippines over the Scarborough Shoal, highlighting the strategic importance of maritime partnerships in the region.
Indian ships in Philippines to boost maritime cooperation
Three Indian Navy ships, INS Delhi, INS Shakti, and INS Kiltan, have arrived in Manila to strengthen maritime cooperation with the Philippines. The ships are part of an operational deployment of the Eastern Fleet to the South China Sea. They will engage in professional interactions, sports fixtures, cultural visits, and community outreach programs.
IMEC: Indian team in UAE discusses start of work on trade route
An Indian delegation visited ports in the United Arab Emirates, including the Port of Fujairah, to discuss kickstarting the India-UAE leg of the proposed India-Middle East-Europe Economic Corridor (IMEC) with customs authorities. The visit aimed at preparing the India-UAE leg of the IMEC while awaiting peace in the region for the Israel part.
Reach Europe 20 days earlier and for 30% cheaper: How Chabahar port helps India expand its trade footprints globally
India’s pact with Iran to develop the Chabahar port will give a boost to the multimodal transportation network called the International North-South Transport Corridor, enabling exports from South Asia to reach Europe and Russia.
Three Indian naval ships visit Singapore from May 6-9
INS Delhi, INS Shakti and INS Kiltan visited Singapore from May 6-9, aimed at undertaking bilateral engagements and discuss areas of mutual interest and cooperation, and reaffirming the commitment to enhance maritime security and stability in the region, according to an official statement shared by the Navy spokesperson.
CDS asks military, DRDO to work with startups to get cutting-edge space tech to reduce gap with adversaries
In an effort to boost collaboration between the Indian space and defence sectors, Chief of Defence Staff General Anil Chauhan today asked the three defence forces and DRDO to engage with the Space industry and startups to develop cutting-edge technology to reduce the gap with the adversaries.
Iran-Israel conflict: Shipping industry set for tougher times ahead due to West Asia tensions, say experts
Iran's escalated tensions with Israel through a drone and missile attack have raised concerns in the global maritime industry, causing supply chain disruptions and potential shipping route blockages. The possibility of a Persian Gulf shutdown looms, impacting shipping costs and trade dynamics. Efforts are underway to defuse tensions and maintain supply chains amidst the crisis.
Red Sea crisis reaches the skies: Indian businesses battle high air freight cost & cargo space shortage
The Houthi attacks on ships have forced many Indian businesses to turn to air cargo to move their goods. This rise in demand and limited capacity has made air freight more expensive, causing troubles on multiple fronts.
China's new Type 004 aircraft carrier: Can it challenge US naval dominance in Asia?
China's construction of the Type 004 aircraft carrier, potentially powered by nuclear energy, signifies a significant step in its naval expansion. This development could reshape the maritime balance of power in Asia and challenge US naval dominance. The carrier's advanced capabilities could enable China to project a more formidable presence in international waters, impacting regional power dynamics. However, increased tensions are expected, especially in areas like the South China Sea and the Taiwan Strait, prompting Southeast Asian nations to develop countermeasures.
Tangled in steel with no way out: How the crew stuck in Baltimore is faring
The Dali cargo ship crew, mainly from India, remain in Baltimore post-bridge collision, awaiting debris clearance for the vessel to resume its voyage to Sri Lanka, amid praise for their swift actions.
Baltimore bridge collapse puts highly specialised role of ship's pilot under spotlight
Two pilots were at the helm of the cargo ship Dali about 1.25 am Tuesday when it lost power and, minutes later, crashed into a pillar of the Francis Scott Key Bridge, causing the bridge to collapse and kill six construction workers.
Port of Baltimore bridge collapse rattles supply chains already rocked by troubles in Panama and the Red Sea
The collapse of the Francis Scott Key Bridge has halted maritime traffic at the Port of Baltimore, leading to an estimated daily cost of $9 million and potential supply chain disruptions. While the port remains open to trucks, the incident is expected to impact workers and cause delays in package processing. In the long term, it adds pressure to already stressed supply chains, potentially shifting more freight to West Coast ports. Unlike other recent supply chain shocks, the fallout from this collapse is expected to be temporary.
India-US defence partnership evolved rapidly over the last year: Experts
The U.S.-India relationship emphasizes defense industrial base and security. Events by CUTS International and US-India Strategic Partnership Forum highlight evolving strategic importance, with discussions on technology cooperation and operational engagements in defense sectors.
Top PLA general calls for crackdown on 'fake combat capabilities' in Chinese military
In a surprising turn of events, General He Weidong, the second-ranked vice-chairman of China's powerful Central Military Commission (CMC), has raised doubts about the effectiveness of the People's Liberation Army's (PLA) combat exercises, calling them "fake combat capabilities." This comes at a time when Chinese President Xi Jinping has emphasized the need for the PLA to prepare for "maritime military struggles" to secure victory in wars.
Vice President Dhankar calls for deeper cooperation among nations in maritime domain
The Vice President emphasised on the importance of protecting global supply chains, avoiding deeper regional tensions and strengthening maritime security.
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