| .: 31-Dec-2025 :. |
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SMFCL Launches Major Maritime Financing Initiative
Sagarmala Finance Corporation Limited (SMFCL) has announced a ₹4,300 crore loan disbursement for maritime financing this fiscal year, positioning itself as India's first NBFC dedicated to this sector. With plans to expand its portfolio to ₹8,000 crore by 2025-26, SMFCL aims to bolster maritime development significantly... -Crew MirrorPosted On:31-Dec-2025
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INSV Kaundinya Voyage Celebrates India’s Shipbuilding Traditions
India's maritime heritage is deeply rooted, with shipbuilding traditions evident from the 5th century CE. Ajanta cave murals depict stitched ships made from coir, coconut fiber, and resins. Recently, the INSV Kaundinya's maiden voyage from Porbandar to Muscat celebrates this legacy, blending ancient craftsmanship with modern design in maritime exploration... -Crew MirrorPosted On:31-Dec-2025
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Subsea Vessel Market Set for Strong Growth Through 2026
In 2025, the subsea vessel market transitioned to a cautious outlook despite strong long-term demand driven by deepwater projects. High dayrates for AHC crane vessels persisted, but a shift towards contractor-controlled fleets and short-term charters introduced volatility. Newbuild orders surged, indicating potential growth as the market stabilizes by 2026... -Crew MirrorPosted On:31-Dec-2025
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UNDP Applauds Mexico’s Sustainable Ocean Plan
The UN Development Program (UNDP) praised Mexico's new Sustainable Ocean Plan, a significant step in long-term ocean governance. This policy, replacing the 2018 framework, aligns national efforts with global sustainability goals, emphasizing environmental protection and sustainable ocean production. It promotes marine ecosystem preservation and responsible ocean industries through comprehensive collaboration... -Crew MirrorPosted On:31-Dec-2025
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Storm Forces CPC to Suspend Black Sea Oil Shipments
The Caspian Pipeline Consortium has halted oil exports from its Black Sea terminal due to severe weather and full reservoirs. This disruption follows a Ukrainian drone attack that limited loading operations, causing Kazakhstan's oil production to decline. December exports are expected to be the lowest in 14 months, averaging 1.082 million barrels daily... -Crew MirrorPosted On:31-Dec-2025
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Oil Prices Show Resilience Amid Geopolitical Uncertainty
Oil prices held steady on Tuesday as hopes for a Russia-Ukraine peace agreement faded, with tensions rising in the Middle East, particularly Yemen. Brent crude rose to $62.21 a barrel, while U.S. West Texas Intermediate climbed to $58.44. Analysts note limited expectations for short-term breakthroughs in peace talks... -Crew MirrorPosted On:31-Dec-2025
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Grounded Cruise Ship Leaves Passengers Stranded, Rescue Flights Arranged
The cruise ship Coral Adventurer has been detained in Papua New Guinea after running aground near Dreghafen Point. Despite listing slightly, no damage or pollution has been reported, and all 124 personnel are safe. The Australian Maritime Safety Authority has raised concerns about the vessel's seaworthiness and compliance with safety regulations... -Crew MirrorPosted On:31-Dec-2025
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Traditional Craftsmanship Meets Modern Exploration: The Story of INSV Kaundinya
The INSV Kaundinya, a traditional stitched sailing vessel, has set sail from Porbandar to Muscat, retracing ancient trade routes across the Indian Ocean. Built by artisans using the unique Tankai method, it showcases India’s maritime heritage and shipbuilding skills, embodying a deep connection to the sea and cultural legacy... -Crew MirrorPosted On:31-Dec-2025
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