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India Approves ₹25,000 Crore Fund to Enhance Shipbuilding
The fund is set to stimulate The Indian government is poised to greenlight a ₹25,000 crore Maritime Development Fund to propel the blue water economy forward. The primary focus is on fostering domestic shipbuilding to establish India as a manufacturing powerhouse on a global scale. This initiative aims to provide financial backing for long-term growth in shipbuilding and infrastructure projects,.. -Crew MirrorPosted On:9-Sep-2024
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Seychelles to Chair CGIMA to Combat Maritime Illicit Activities
Seychelles will assume the Chair of the Contact Group on Illicit Maritime Activities (CGIMA) following the second plenary meeting on September 5, 2024. With a focus on combating piracy and ensuring maritime security, Seychelles will collaborate with partners to address threats in the Western Indian Ocean. This leadership underscores the country's commitment to promoting stability in the region... -Crew MirrorPosted On:9-Sep-2024
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Salvage Stalled for Burning Tanker as Diplomatic Talks Intensify
Salvage efforts for the burning crude oil tanker Sounion have been stalled for a week, prompting Greece to engage in talks with Saudi Arabia. Drone footage released by the U.S. Department of Defense shows ongoing fires on the vessel. Safety concerns and the need for more powerful tugs have delayed salvage attempts... -Crew MirrorPosted On:9-Sep-2024
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Dry Cargo Sector Recovers with Rising Baltic Dry Index
The dry cargo shipping sector is on an upward trajectory, as shown by the Baltic Dry Index and interest from financial institutions like Deutsche Bank. The Capesize segment is particularly strong, with significant price increases suggesting a potential industry turnaround. Star Bulk and Genco are leading the way with strategic financial approaches and a focus on shareholder rewards. Investors are taking notice of the positive developments in this sector... -Crew MirrorPosted On:9-Sep-2024
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Auramarine Launches Innovative Ammonia Fuel Supply System
Auramarine has developed a new ammonia fuel supply system that meets safety, design, and material requirements for both two-stroke and four-stroke engines. The system includes safety measures like gas and leak detection, ammonia capture, and release mitigation functions. Training will be provided to customers for effective system operation. Interest from industry players indicates strong market demand... -Crew MirrorPosted On:9-Sep-2024
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Filipino Seafarers Repatriated Amid Houthi Attacks in Red Sea
The first group of 14 Filipino crew members from the SW Northwind Vessel 1 safely returned to the Philippines with OWWA's assistance after multiple attacks by Houthi rebels. Financial aid, food, and transportation allowances were provided. 99 OFWs from Kuwait and Lebanon were also repatriated, emphasizing the challenges faced by Filipino workers in conflict zones... -Crew MirrorPosted On:9-Sep-2024
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Greece Implements Measures Against Cruise Tourism and Short-Term Rentals
Greek Prime Minister Kyriakos Mitsotakis is taking decisive action to combat overtourism in the country, implementing fees and taxes on accommodation to address the influx of visitors post-pandemic. With record numbers of tourists, Greece is expanding its "Golden Visa" program and imposing new port fees to manage the impact. Initiatives to regulate short-term rentals and provide tax incentives for long-term leases aim to ease housing issues and boost economic stability... -Crew MirrorPosted On:9-Sep-2024
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Germany Agrees to Save Cruise Ship Builder Meyer Werft Shipyard
Germany has finalized a deal to support Meyer Werft GmbH, a struggling shipyard tasked with supplying ships for Disney Cruise Line. The government's 40 percent stake acquisition, along with Lower Saxony's contribution, will provide financial relief. This agreement includes federal financing and guarantee for a credit line, showcasing a commitment to the company's future... -Crew MirrorPosted On:9-Sep-2024
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US Coast Guard Students Demand $130 Million for Alleged Sexual Assault
More than a dozen former students of the U.S. Coast Guard Academy have filed a lawsuit seeking $130 million in damages, alleging unchecked sexual violence at the school. The group accused the academy of enabling abuse for almost four decades and failing to protect victims. Each student is demanding $10 million in damages... -Crew MirrorPosted On:9-Sep-2024
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Fuel Cell and CCS Study Aims to Reduce Maritime Emissions
Lloyd’s Register is collaborating with ROTOBOOST and Amogy to evaluate fuel cell and CCS technologies in the maritime industry. The study will assess technical readiness, financial viability, and regulatory aspects to reduce emissions. Key elements include hydrogen fuel cells and ammonia-to-power systems. This project aims to advance alternative propulsion methods to meet new carbon market and regulatory requirements... -Crew MirrorPosted On:9-Sep-2024
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BC Ferries Struggles with Aging Fleet After Propeller Loss of Iconic Vessel
BC Ferries in Canada is struggling with its aging fleet, as the 60-year-old Queen of New Westminster lost its propeller, causing service cancelations at the end of a busy summer season. Despite efforts to address maintenance issues, the operator faces significant operational hurdles. Plans are in place to introduce new vessels to meet growing demand... -Crew MirrorPosted On:9-Sep-2024
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First Non-Ice-Class LNG Tanker Navigates Risky Northern Sea Route Amid Sanctions
Novatek, a Russian LNG producer, defied Western sanctions by sending the Everest Energy tanker through the Northern Sea Route. Despite lacking proper permits and sailing under a defunct flag, the vessel completed the journey to Asia. This risky move showcases Russia's determination to market LNG in the face of sanctions and challenges in international shipping... -Crew MirrorPosted On:9-Sep-2024
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Unusual Calm in 2024 Atlantic Hurricane Season Despite Strong Start
Despite predictions of a supercharged hurricane season in the Atlantic, recent weeks have been unusually quiet. Hurricane Beryl broke records as the earliest Category 5 storm, but since then, there has been little activity. Scientists are puzzled by the lack of tropical development, despite favorable conditions. The season may pick up in mid-September... -Crew MirrorPosted On:9-Sep-2024
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Carnival Spirit Cruise Ship Hits Ice in Alaska, Continues Voyage Unharmed
The Carnival Spirit cruise ship collided with a small piece of ice on 05 Sep 2024, in Alaska's Tracy Arm Fjord. Minimal damage was caused to the ship carrying 2,610 passengers. Despite humorous references to the Titanic, the incident highlighted the unpredictability of nature while cruising through icy waters. The ship resumed its journey without further incident, emphasizing the unique experiences and occasional challenges of cruising in Alaska... -Crew MirrorPosted On:9-Sep-2024
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