Posts

Showing posts with the label News

Curious Case of Nepotism

Due to certain circumstances in 2014, I had to turn to my father to help me make a career shift from Sales & Marketing to the Shipping industry. A lot of my work colleagues called me a classic case of nepotism because I leveraged his reputation and contacts to begin my journey in Maritime.  When I look back now, I feel extremely content that he opened a door of opportunity for me where I started off as a trainee and worked my way up in the organization to mid-level management with sheer dedication and hard work without any favouritism or getting job promotions on a silver platter. Now let’s talk about the trending topic in the news – Nepotism in Bollywood. I firmly believe there is nothing wrong if the son/daughter of a famous actor, female actor, director or producer gets a launch pad for their debut in movies. The problem arises when these A-listers create a clan in the industry and do not give equal opportunity to outsiders who come with dreams of making it big with their pa

Is the Shipping Industry on the collapse?

Image
Container shipping companies are on the brink of collapse due to COVID-19 restrictions. Cargoes are stranded on ships for extended periods and fewer outbound charges. Ship carriers are cutting costs by taking the Cape of Good Hope rather than the Suez Canal. The economic decline in 2008 is considered by many economists to have been the worst financial crisis since the Great Depression to hit not just the real estate market but also the shipping industry. The maritime industry found itself at the center of a global financial crisis, while the supply of ships exceeded its demand. Ship owners and charterers immediately imposed a buying freeze to control the capacity in order to resuscitate plunging freight rates and survive from the shrinking cargo volumes. The COVID-19 pandemic is wreaking havoc on global shipping, which could probably initiate another crisis. To prevent the spread of the virus, a number of ports and shipping companies have implemented measures, which is

Migrant Workers Apathy

Image
No Food, No Money... Latest MHA Guidelines In the News Supreme Court order Redefine migrant workers The Hindu The Tribune Live Mint The Prime Minister has addressed the nation four times but failed to spare even a word for millions on the road. A fatigued child asleep on his mother’s suitcase as she slogs it along, a young man holding his friend as he breathes his last after walking hundreds of kilometres. You can see the images everywhere on television since the country went into a nationwide lockdown. Thousands of migrant workers along with their wives and children lost their livelihood overnight when lockdown 1.0 was announced. Many more lost their patience and savings when it was extended further. Hence, they were left with no option and decided to hit the road, sell what they possessed to pay for travel, defied the quarantine and began to walk towards their home state while clashing against the police and local authorities. Eventually, pressure mounted on the G

Lockdown 2020

Image
On Dec 31, 2019, the World Health Organisation’s (WHO) China office received the first reports of an unknown virus behind a number of pneumonia cases in Wuhan, a city in Eastern China. Where we stand? What started as an epidemic mainly limited to China has now become a truly global pandemic. As of today, we stand at 3.66 million cases and 257k deaths worldwide and India is seeing a spike in cases with each passing day with infected patients almost nearing 50k and death toll at 1,700. How it started? The disease seems to have originated from a Wuhan seafood market where wild animals, including birds, rabbits, bats and snakes, are commercially traded through illegal markets. Coronaviruses are identified to jump from animals to humans, so it’s evidenced that the first people infected with the disease were a group predominantly made up of stallholders from the seafood market that contracted it from coming into contact with animals. Impact on Indian Economy The qu