India News

The Directorate General of Shipping in India has commissioned IIM-Indore to study age norms for ships introduced in 2023. Industry concerns prompted the review of the 25-year age limit for oil tankers and cargo vessels. The comprehensive study will evaluate economic, safety, and environmental impacts and provide policy recommendations. It will also consider international green shipping regulations and promote investment in Indian tonnage.

The Ministry of Ports, Shipping, and Waterways (MoPSW) recently chaired the State Maritime & Waterways Transport Committee (SMWTC) Meeting to assess progress in various states. Through video conferencing, stakeholders discussed strategies to enhance safety, sustainability, and economic growth in the sector. This initiative aims to improve infrastructure, operations, and regulations for a more efficient and sustainable maritime and waterways transport system in India.

The Vessel San Fernando, operated by Maersk, is set to make a trial call at an Indian transhipment port this week. With a capacity of 8700 TEUs, this significant vessel showcases the port’s ability to handle large ships efficiently. Maersk’s decision reflects confidence in the port’s infrastructure and highlights its strategic importance in the region’s maritime trade network.

IIT Madras introduces a groundbreaking 24-month MBA program in Digital Maritime & Supply Chain, in partnership with i-maritime Consultancy. The program, starting in September 2024, aims to educate professionals on digital technologies’ role in optimizing maritime and supply chain operations. With a focus on cybersecurity, data analytics, and blockchain, the program offers a transformative learning experience with scholarships and career support.

The Indian government plans to invest ₹15,000 crore in a green energy scheme for the maritime sector. This initiative aims to transition vessels to cleaner fuels like LNG and green hydrogen. The Viability Gap Funding model will offer financial support, making projects more attractive to private investors. The goal is to reduce carbon emissions by 70% by 2047.

The Directorate-General for Shipping has issued a warning to seafarers and their families regarding the rising number of fraudulent practices within the maritime recruitment industry. This warning comes in light of reports of Indian seafarers being abandoned, exploited, or fraudulently recruited abroad, leading to significant problems for seafarers, including neglect, detention, and exploitation on vessels.