News

Massive fire breaks out at Paradip Fishing Port in Jagatsinghpur, 12 boats destroyed

March 07, 2025 1 min read
author Anamika Mishra [Sub Editor]

A devastating fire broke out at Paradip Fishing Port in Jagatsinghpur, Odisha, destroying 12 boats and causing significant financial losses to local fishermen. The incident, which took place in the early hours of the morning, has raised concerns over safety measures and fire preparedness at the port.

The exact cause of the fire is still under investigation, but initial reports suggest that an electrical short circuit or fuel leakage could have triggered the blaze. The fire spread rapidly, engulfing multiple boats before emergency responders could bring it under control. Despite efforts from the fire brigade and local authorities, the damage was extensive, leaving many fishermen without their primary source of livelihood.

The Paradip Fishing Port is one of Odisha’s most critical hubs for marine trade and fisheries, supporting thousands of families dependent on the industry. Local authorities have assured compensation for affected fishermen and are working on strengthening fire safety protocols to prevent future incidents.

This unfortunate event highlights the urgent need for enhanced fire safety measures, better port security, and improved infrastructure at fishing hubs across India. Authorities must take swift action to support affected communities and rebuild what has been lost.




Explore the latest edition of Journal of Supply Chain Magazine and be part of the JOSC Daily News Bulletin.

Discover all our upcoming events and secure your tickets today.


Journal of Supply Chain is a Hansi Bakis Media brand.

Leave Comment


Next News

News

Hong Kong’s BlackRock Strikes Deal to Bring Panama Canal Ports Under US Control

March 06, 2025 1 min read
author Anamika Mishra [Sub Editor]
related

BlackRock, a major global investment firm, has secured a deal to manage ports on both sides of the Panama Canal, effectively bringing key trade gateways under U.S. influence. The move is seen as part of a broader strategy to strengthen America’s supply chain security and reduce dependency on China-controlled port infrastructure.

The Panama Canal is a vital maritime route

for global trade, connecting the Atlantic and Pacific Oceans. With the rising geopolitical tensions between the U.S. and China, control over such strategic assets has become a key focus for policymakers. By acquiring these port operations, BlackRock aims to enhance efficiency, boost trade flow, and secure key supply routes for U.S. businesses.

Experts suggest that this deal could impact China’s Belt and Road Initiative (BRI), as Beijing has been actively expanding its port influence worldwide. The shift in control may also influence global shipping patterns and trade alliances.

As supply chains become more geopolitically sensitive, port infrastructure and maritime logistics are emerging as critical assets in global trade strategy. BlackRock’s investment signals a major shift in how nations secure their trade interests in an increasingly competitive world.


Explore the latest edition of Journal of Supply Chain Magazine and be part of the JOSC Daily News Bulletin.

Discover all our upcoming events and secure your tickets today.


Journal of Supply Chain is a Hansi Bakis Media brand.

Leave Comment

logo

Subscribe to Our Newsletter

The week’s best stories, handpicked by JOSC editors in your inbox every week.

Stay informed with exclusive content