INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

India to share white shipping info with Gulf countries

The Information Fusion Centre-Indian Ocean Region in India has signed an MoU on shipping with the Maritime Security Center in Oman.
  • The MoU is expected to facilitate exchange of white shipping information between India and the Gulf countries
  • White shipping information is about the exchange of advance details on the identity and movement of commercial, non-military merchant ships

The Information Fusion Centre-Indian Ocean Region (IFC-IOR) near New Delhi in India has signed a Memorandum of Understanding on shipping with the Maritime Security Center (MSC) in Muscat, Oman, local reports have said.

The MoU will greatly benefit merchant shipping through the Gulf, said the local reports.

The deal is expected to lead to an information exchange between IFC-IOR and MSC.

The Ministry of Defense in India has said in a statement that the MoU would “contribute to enhanced maritime safety and security in the region.”

The exchange is expected to cover white shipping information. In shipping terminology, white shipping information is about the exchange of advance information on the identity and movement of commercial, non-military merchant ships.

India set up the IFC-IOR three years ago as part a high-technology approach to detect and deter maritime security threats in the Indian Ocean region, including the Gulf, said the local reports.

The MSC was commissioned in 2013. Among its objectives are fighting organized crime at sea, including illegal trading, piracy, mitigating sea environment pollution and protecting fisheries.