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IMD Cuts Monsoon Forecast, Warns of High Risk of Deficient Rainfall

New Delhi: India could face a difficult monsoon season this year, with the India Meteorological Department (IMD) lowering its rainfall forecast and warning of a significant risk of drought-like conditions. The IMD on Friday revised its June–September monsoon forecast...

Baltic Exchange launches new FFA resource to boost market understanding of freight derivatives

As part of its continuing support for the maritime industry and the wider market, Baltic Exchange has released a new resource for Forward Freight Agreements (FFAs) to demystify freight derivatives and explain the mechanics of both setting up and then trading FFAs. It...

IMO MSC opens discussions on ISPS Code

Last week, the IMO concluded its 111th session of the Maritime Safety Committee (MSC 111), which saw delegations enter into discussions about future amendments to the ISPS Code. This was a result of a submission made by the US delegation on a need to strengthen the...

Hormuz ship transits rise May 26 as another Malaysian VLCC exits strait: CAS

Ship transits via the Strait of Hormuz increased to 13 on May 26, including a Malaysian VLCC, S&P Global Commodities at Sea(opens in a new tab) said in a report this week. CAS data shows seven ships crossed the Strait of Hormuz inbound and six ships outbound,...

ABS Introduces Nuclear-Ready Notation for Marine and Offshore Assets

ABS announced the release of the ABS Nuclear-Ready Notation, an industry first classification notation for marine and offshore assets designed to support future conversion to nuclear energy. The notation is featured in the latest ABS document, the Guide for Nuclear...

IMD Cuts Monsoon Forecast, Warns of High Risk of Deficient Rainfall

Baltic Exchange launches new FFA resource to boost market understanding of freight derivatives

IMO MSC opens discussions on ISPS Code

Hormuz ship transits rise May 26 as another Malaysian VLCC exits strait: CAS

ABS Introduces Nuclear-Ready Notation for Marine and Offshore Assets

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