The Indian Maritime Centre (IMC) recently held its inaugural meeting, electing Devki Nandan as Chairman and Shankar Shinde as Vice Chairman. Capt Sankalp Shukla was appointed Secretary, and Capt Vikas Vij as Treasurer. R Ravi Kumar of IPPTA was named acting CEO. The board approved membership applications from ACTO and IR Class.
According to DNV’s Expert report, India has the potential to become a hub for green shipbuilding with the focus on alternative fuels and renewable energy. Indian shipyards are being modernized to meet the global demand for green maritime assets. The government encourages investments and technology transfer from Japanese and Korean shipyards.
Russia and India are set to collaborate on constructing four non-nuclear icebreakers, with a projected cost of $713 million. The vessels will bolster Rosatom’s fleet in the Northern Sea Route. India, through talks with state-owned and private shipyards, aims to strengthen ties with Russia amid supply chain disruptions caused by Western sanctions.
India has been re-elected to the International Maritime Organisation (IMO) Council for the biennium 2024-25, showcasing its dedication to enhancing international maritime operations. With the highest number of votes, India aims to increase its representation at IMO and strengthen its influence in global maritime affairs. The council oversees IMO’s work under the assembly’s authority.
The Indian government is considering using its own funds to establish a P&I entity for insuring cargo vessels. Private insurers are expected to contribute later. Discussions are ongoing with stakeholders, aiming to cover coastal and riverine vessels initially. The plan involves international partnerships, a fixed premium framework, and involving global players for reinsurance management.
At the Hamburg Sustainability Conference, Union Minister Pralhad Joshi announced a $25 million investment to create hydrogen hubs at key Indian ports, enhancing the nation’s green shipping efforts. This initiative is part of India’s broader National Green Hydrogen Mission, aiming for significant decarbonization of the marine industry and sustainable shipbuilding advancements.
India has seen a remarkable growth in the number of women seafarers, with a 514% increase from 2014 to 2023. The country now boasts 10,440 female Indian seafarers, showcasing its potential in the maritime sector. India plays a crucial role in educating and training individuals for various maritime careers and skills.
India recently hosted a high-level conference on Maritime Decarbonization, demonstrating its commitment to reducing carbon emissions in the maritime industry. Co-hosted by the Ministry of Ports, Shipping & Waterways and the Asian Development Bank, the event brought together over 200 delegates to discuss strategies, technologies, and policies to promote sustainable practices in the maritime sector.
India’s government is focusing on alternative fuels and renewable energy to position itself as a green shipbuilding hub. With modernization of shipyards and investments from Japanese and Korean counterparts, India aims to meet IMO’s emission goals. DNV’s white paper on Indian Coastal Green Shipping Programme outlines the path to sustainable maritime practices in India.
Lloyd’s Register (LR) has partnered with the Government of India to establish the Indian Ocean Centre of Excellence for Sustainable Maritime Transport (IOCE-SMarT). This collaboration aims to enhance the Maritime Training Institute in Mumbai into a center of maritime excellence in cooperation with the IMO’s MTCC network, promoting innovation and sustainability in the maritime sector.
Alphard Maritime Group, under the leadership of Chairman Captain Alok Kumar, is set to launch a $500 million shipping fund in GIFT City to bolster Indian shipping tonnage. The fund aims to assist fleet owners in acquiring assets worth $10-20 million, with Alphard Maritime contributing Rs 5 billion and associates adding Rs 45 billion
India and Denmark are collaborating to enhance maritime relations, focusing on sustainable practices under the India-Denmark Green Strategic Partnership. This partnership includes areas like quality shipping, maritime training, green technology, and decarbonization efforts. Denmark’s expertise in sustainable maritime technologies is supporting India’s initiatives like the Sagarmala project and Maritime India Vision 2030.
The Ministry of Ports, Shipping, and Waterways appointed Olympic medalist Manu Bhaker as their brand ambassador, leveraging her shooting prowess and maritime background. Minister Sonowal hailed Bhaker’s role in promoting India’s marine sector, aiming for self-reliance by 2047. The event honored women like Lt. Commander Joshi for their contributions to nation-building.
During the 20th Maritime State Development Council meeting in Goa, significant advancements for Indian shipping were announced. The launch of the Indian International Maritime Dispute Resolution Centre and the Indian Maritime Centre aims to enhance the country’s maritime industry. Plans for a Mega Shipbuilding Park and progress on the Sagarmala program were also highlighted.
Prime Minister Narendra Modi hailed the Tuticorin International Container Terminal in Tamil Nadu as a beacon of India’s marine infrastructure, boosting capacity at V.O. Chidambaranar Port. With state-of-the-art amenities and a focus on gender diversity, the terminal is set to reduce logistics costs and contribute to India’s maritime development goals.
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