WebinarsNew
Deep DiveNew
Explore Business Standard
Maritime
The Indian Embassy in Muscat on Sunday said it was working to facilitate the earliest repatriation of the body of an Indian national who died due to medical complications aboard a vessel in Oman waters. In a social media post, the mission said it remained in close touch with the family members of Nishanth Uirthanathan, crew members of the vessel MT Celestial and the concerned authorities. However, it did not provide details of the medical conditions that led to Uirthanathan's death. "The Embassy remains in active coordination with local Omani authorities, port officials and the shipping company regarding Mr Nishanth Uirthanathan, who unfortunately died onboard MT Celestial due to medical conditions," the mission said in a post on X. It further said that the vessel is soon expected to berth at Duqm port, located in the southeastern coast of the Gulf country. "Necessary arrangements have been made for prompt recovery of the mortal remains from the vessel," it said. "The Mission is
Britain is investigating a sanctioned tanker that is suspected of being part of the Russian "shadow fleet," shipping oil in violation of international sanctions over Moscow's war on Ukraine, British Prime Minister Keir Starmer said Sunday. British armed forces boarded and detained the vessel, the Smyrtos, on Sunday in the English Channel, in what the country's Defence Ministry called "the first UK-led operation of its kind." The vessel will be held and monitored off the south coast of England for investigation, according to a statement by the Defence Ministry. The operation was carried out "in close coordination" with French authorities, who have previously intercepted a number of vessels linked to the "shadow fleet." Russia is believed to be using a fleet of hundreds of ships to evade sanctions over its war against Ukraine. "This operation delivers yet another blow to Russia and reminds those fuelling Putin's war in Ukraine that they cannot hide," Starmer said. UK authorities sai
Sanjeev Sanyal, Member of the Economic Advisory Council to the Prime Minister, on Wednesday said that India has managed to sustain growth of 7-7.5 per cent while maintaining macroeconomic stability despite global uncertainties, while asserting that sequential growth with stability is key to achieving the goal of a "Vikshit Bharat". Sanyal also said that West Bengal should reposition itself as a maritime state and consider setting up a large port. Addressing a special session on 'India's Growth Story Navigating Global Challenges' organised by the Merchants' Chamber of Commerce & Industry (MCCI), Sanyal said it was a cliche to describe the present as uniquely uncertain, noting that the world had navigated crises such as the global financial meltdown and COVID-19 earlier as well. He said India's macroeconomic parameters remain "in good shape", citing lower inflation, fiscal balance and a relatively contained debt-to-GDP ratio. The government, he added, adopted a conservative fiscal .