INTERNATIONAL MARITIME ORGANIZATION
PSU stocks: Time to relook? But don’t use the 2023 lens; choose the business. 57 PSU stocks, some good, some not so good
A bull run from June 2023 to June 2024, and then a bear run for a year. PSU stocks now seem at a stage where it is probably time to look at them again. For those who have not noticed, some of these stocks have seen higher-than-average volumes. Also a sort of outperformance in the bearish phase where they did not decline like other stocks in the market. They are not in the news any more; nor are many talking about them on TV. All signs suggesting it might probably be time to look at them again. But this time do it from a very different perspective – and not just because they are PSU. What matters is the category of business they fall into.
US tells countries to reject UN ship fuel emissions deal or face tariffs, sources say
The United States is warning nations against backing a United Nations' plan to cut marine fuel emissions. Washington threatens tariffs, visa restrictions, and port levies for countries supporting the deal. The US government opposes the agreement. It believes the measures will burden the shipping industry. The Netherlands confirms receiving a warning. The International Maritime Organization aims to reduce shipping emissions.
Why is the US building up its forces in the Caribbean as tensions with Venezuela grow?
The United States has moved guided missile cruiser USS Lake Erie and several other warships into the southern Caribbean, officially calling it an anti-drug trafficking mission. Washington has accused Venezuelan President Nicolas Maduro of running a drug cartel and raised the bounty for his capture to 50 million dollars. Venezuela says the deployments are threats disguised as law enforcement. Experts argue the move looks more like political pressure than a practical anti-drug strategy, reviving debate over Washington’s intentions in the region.
As Trump boosts maritime force near Venezuela, President Maduro warns US; all you need to know about US warships deployed in South America
The United States has increased its naval presence near Venezuela. This is to combat drug cartels. More ships are expected next week. Nicolas Maduro warned the US against invasion. The US Navy has deployed destroyers and cruisers. Amphibious assault ships with thousands of personnel are also heading to the region. The US cites concerns about Venezuelan involvement in drug operations.
TICAD9: Marrying African ingenuity with Japan’s technological strength
The ninth Tokyo International Conference on African Development (TICAD9) convened in Yokohama, emphasizing collaborative innovation between Africa and Japan. Prime Minister Ishiba proposed an Indian Ocean-Africa Economic Zone and pledged significant financial support for sustainable development and AI training. TICAD, a platform for fostering Africa's growth and stability, promotes partnerships beyond aid, focusing on economic advancement, peace, and human security.
US Navy deploys warships, marines, and submarines toward Venezuela amid anti-drug push and escalating tensions
The United States has significantly increased its military presence near Venezuela, deploying naval assets including destroyers, a submarine, and amphibious ships with Marines. This move aims to combat drug trafficking and expresses frustration with Nicolás Maduro, who is accused of narco-terrorism. Maduro responded by mobilizing millions of militia members, denouncing the U.S.
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Shadow fleet: How secret ships beat Western oil sanctions
Facing EU sanctions due to Rosneft's stake, India's Nayara Energy is reportedly utilizing a 'shadow fleet' to import oil and export refined fuels. This fleet, estimated at a fifth of global tankers, helps circumvent Western sanctions by obscuring vessel identities and routes.
Days after Trump–Putin summit, US F-16 jets intercept Soviet-era spy plane near Alaskan skies
Just days after a summit between Presidents Trump and Putin in Anchorage, NORAD detected a Russian IL-20 surveillance aircraft operating in the Alaskan Air Defense Identification Zone. The plane, intercepted by US fighter jets, remained in international airspace. While officials downplayed the incident, its timing has raised eyebrows, highlighting ongoing monitoring efforts by NORAD.
Parliament approves The Merchant Shipping Bill, 2025
Parliament has given its approval to The Merchant Shipping Bill, 2025, which aims to broaden the criteria for owning merchant shipping vessels. This bill allows the central government to detain vessels lacking nationality within India or its coastal waters.
India and the Philippines stage joint naval drill in the disputed South China Sea
India and the Philippines conducted their first joint naval exercises in the South China Sea, a move met with disapproval from China. The drills, which concluded successfully, involved naval sails and exercises. General Brawner expressed optimism for future collaborations with the Indian military. While no untoward incidents occurred, Philippine forces noted they were shadowed by Chinese navy ships.
Who is Valerii Zaluzhnyi? Ukraine’s former commander-in-chief poised to succeed Zelensky as President
Valerii Fedorovych Zaluzhnyi, Ukraine's former military chief, is a possible successor to President Volodymyr Zelensky. Russian intelligence suggests US and UK support Zaluzhnyi. He reformed Ukraine's military and earned the moniker 'Iron General'. After military command, Zaluzhnyi became Ambassador to the UK. Analysts view his leadership and international standing as factors for a presidential bid.
Cooperative fossil fuel levies could raise 66 bn annually to fight climate change: Study
A new study by PIK proposes that coalitions of fossil fuel-importing countries could generate USD 66 billion annually to aid developing nations in cutting emissions. Cooperative levies on fossil fuels, especially with EU-China collaboration, could significantly boost climate finance. This approach offers a win-win scenario, reducing emissions and benefiting consumers through lower fuel prices and avoided climate damages.
China's aircraft carriers push into waters long dominated by US
China is expanding its naval power. It tests its warships' capabilities far from its shores. Recent exercises involved two aircraft carriers near Japan. These drills caused concern among Asian neighbors. China aims to project power into the Pacific. It may use carriers to defend interests globally. The country is also developing more advanced carriers.
China's military goes all out in space
China views space as a critical military domain. Chairman Xi Jinping wants to lead in space. China invests heavily in space assets. The US Space Force sees China's progress as a threat. China launched many satellites last year. It now has over 1,060 satellites. China is creating a G60 communications satellite network. The PLA formed the Aerospace Force.
India presents candidature for International Maritime Organisation Council
India is seeking re-election to the International Maritime Organisation Council. The Ministry of Ports, Shipping and Waterways highlighted maritime safety. They also focused on gender inclusivity. The election for 2025-26 will occur later this year. India plans a USD 1 trillion investment in the maritime sector. The nation invites global partnership. India reaffirms support for maritime safety and environmental protection.
India urges IMO to review maritime incidents involving foreign-flagged container vessels
India has raised concerns at the International Maritime Organization regarding recent maritime incidents. These incidents involved foreign container ships operating near Indian waters. India is requesting a thorough investigation and global review of these events. The nation is emphasizing the need for enhanced safety protocols for container shipping. India also highlighted its progress in increasing the number of women seafarers.
Tighter carbon rules, slower economy to erode bunker demand growth, IEA says
International Energy Agency reports marine fuel demand may soften. New environmental rules and slow economic growth are the reasons. Red Sea issues temporarily boosted fuel sales.
India raises seafarer abandonment crisis at IMO; secures membership in key working group
India has urged for effective measures to tackle seafarer abandonment and ensure maritime workforce safety. Ports, Shipping and Waterways Secretary T K Ramachandran addressed this issue during the 132nd session of the Council of the International Maritime Organization (IMO) in London.
Shippers better hope things don’t go back to normal
The recent rise in the shares of the Asian shipping companies was boosted on optimism that Chinese exports could see a rebound and the worst for the sector was almost over.
Russia warns against any ships traveling to Ukraine from Thursday
Russia has warned that it will regard all ships traveling to Ukraine's Black Sea ports as possibly carrying military cargo, after Ukraine established a temporary shipping route to continue its grain exports. The move came days after Russia withdrew from a United Nations-brokered deal enabling safe Black Sea export of Ukraine grain, and after Ukraine reported that Russia had damaged its grain infrastructure during overnight air raids on two Black Sea ports.
Startup bets on kitesurf to blow away shipping pollution
In Arcachon Bay in southwest France, the startup Beyond The Sea tested a blue inflatable kite sail the size of a small studio to pull a specially-designed catamaran across the water.
Countries agree to create green shipping lanes in pursuit of zero carbon
UN shipping agency the International Maritime Organization (IMO) has said it aims to reduce overall greenhouse gas emissions from ships by 50% from 2008 levels by 2050
Industry looks to UN climate talks to steer cleaner shipping
More than 200 leading companies and organisations, including oil majors and port authorities, have joined an initiative launched last month that seeks carbon free shipping by 2050.
Seafarer crisis shows signs of worsening amid India virus surge
The situation has raised concerns over safety, as overworked crews increase the risk of serious maritime accidents.
Aircrews, seafarers should be prioritised for COVID-19 vaccines: WHO, ICAO, IMO
"They are key workers required to travel across borders at all times, which may result in the need for them to present proof of a COVID-19 vaccination as a condition for entry in some countries," the statement said.
MUI seeks use of CSR funds by major ports on maritime training infrastructure
Maritime body MUI on Monday said it has sought spending of corporate social responsibility (CSR) funds by 12 major ports of India on strengthening the country's maritime training infrastructure.
AOT's digital solution making waves in global maritime sector
The solution SMARTShip is an Internet of Things (IOT) platform that enables on board operation of multiple systems.
New emission norms, higher utilisation to boost Reliance GRM
The Street believes that middle distillates of RIL constitute nearly 45 per cent of refinery output.
Relief for Indian shipowners: IMO to cut number of piracy prone areas
The decision triggered more than a 300-fold jump in ship insurance costs as underwriters demanded much higher premiums from shipowners.
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