India has taken a significant step toward strengthening its maritime insurance capabilities with the launch of the Bharat Maritime Insurance Pool (BMIP), a landmark initiative designed to provide domestic Protection and Indemnity (P&I) insurance coverage and reduce dependence on the long-established international P&I club system. Speaking at a maritime industry […]
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India has launched a comprehensive review of its relaxed coastal shipping cabotage regulations, signaling a potentially significant shift in the country’s maritime policy landscape. The move comes amid ongoing discussions within the shipping and logistics sectors regarding the long-term impact of allowing greater participation of foreign-flagged vessels in domestic coastal […]
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An Indian-flagged cargo vessel, MV Haji Ali, sank in the Oman Sea near Limah, Oman, after a suspected drone or missile strike triggered a major onboard fire while the ship was en route from Berbera Port, Somalia, to Sharjah carrying live livestock cargo. According to preliminary reports, the explosion occurred […]
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