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India to Establish BIMSTEC Sustainable Maritime Transport Centre in Mumbai to Boost Regional Connectivity and Trade

1 year ago1 year ago2 mins

A new Sustainable Maritime Transport Centre will be established in Powai, Mumbai, under BIMSTEC, as announced by Union Minister Sarbananda Sonowal during the second BIMSTEC Ports Conclave. This centre aims to implement the Maritime Transport Cooperation Agreement, enhancing maritime policies, digital transformations, and workforce skills to boost trade and connectivity in the Bay of Bengal.

Kottayam Port to link with Vizhinjam via inland waterway network

Kottayam Port Plans Inland Waterway to Connect Vizhinjam Port

1 year ago1 year ago2 mins

Kottayam Port and Container Terminal aims to develop inland water connectivity with Vizhinjam Port to boost cargo transshipment. With government support and potential daily movement of 30 TEUs, the port seeks to enhance local exporters’ customs processes, reduce congestion, and facilitate smoother logistics by improving waterway routes.

Three Indian ports to accommodate cape-size ships

India Upgrades Major Ports to Boost Capacity and Attract Larger Vessels

1 year ago1 year ago2 mins

India’s major ports are upgrading to accommodate larger vessels under a government initiative aimed at establishing the country as a regional transshipment hub. Shipping Secretary T.K. Ramachandran highlighted advancements towards an 18-meter draft at key ports, enhancing their capacity for Panamax and cape-size ships and reducing reliance on foreign transshipment routes.

400 vessels have arrived at Vizhinjam port: Kerala Minister

Vizhinjam Port Handles 400 Vessels in First Year

1 year ago1 year ago2 mins

Kerala Ports Minister V N Vasavan celebrated a milestone as nearly 400 container ships have docked at the Vizhinjam transshipment hub within its first year. The port, inaugurated by Prime Minister Narendra Modi on May 2, showcases India’s advancements in automation and AI, benefiting over 100,000 people through various social initiatives.

India seeks re-election to International Maritime Organisation council

India Announces Candidacy for IMO Council Re-Election

1 year ago1 year ago2 mins

India has officially announced its candidacy for re-election to the International Maritime Organisation (IMO) Council during the 134th session in London. Emphasizing maritime safety and gender inclusivity, the announcement, made at the IMO Headquarters, reflects India’s commitment to enhancing global maritime cooperation under its Vision 2047 strategy.

JSW Infrastructure includes project execution arm at JNPT

India’s Evolving Maritime Governance and Blue Economy Initiatives

1 year ago1 year ago2 mins

As India enters a new maritime era, Company Secretaries (CS) are transforming from traditional roles to strategic navigators in governance. They interpret significant legislation like the Bills of Lading Act, 2025, ensuring compliance and cybersecurity, while advising on treaty risks and integrating ESG factors into corporate strategies for a sustainable maritime future.

RBI eases regulations to boost shipping sector business environment

RBI Revises Forex Rules to Boost Indian Shipping Industry

1 year ago1 year ago2 mins

The Reserve Bank of India has exempted tugboats, dredgers, and offshore support vessels from Export Declaration Forms, aiming to enhance operational efficiency. Additionally, the RBI increased the maximum advance remittance for ship imports to $50 million, aligning maritime financial conditions with aviation and addressing long-standing industry concerns.

Govt eyes duty cuts to level playing field for Indian ships

India Plans Tax Parity for Domestic Ships to Boost Competitiveness and Cut Costs

1 year ago1 year ago2 mins

The Indian shipping ministry is working to create tax parity between domestic and foreign-flagged vessels, aiming to reduce costs for local operators. Proposed tax adjustments are under review, addressing concerns from Indian shippers about higher domestic costs. The goal is to support growth in India’s maritime sector, which has struggled significantly.

India reveals a strategic maritime vision to advertise global investors

India Unveils Investment Incentives to Boost Shipping Growth

1 year ago1 year ago2 mins

India is emerging as a prime destination for international marine investors, offering 100% FDI in shipping and shipbuilding. Key incentives include a decade-long tax holiday and zero GST on ship imports. At the ‘India Maritime Investment Meet’ in London, officials outlined plans to enhance port capacity and foster sustainable growth.

India calls on IMO to reassess incidents involving foreign-flagged container ships

India Urges IMO Action on Ship Safety and Calls for Stricter Hazardous Cargo Protocols

1 year ago1 year ago2 mins

India’s Shipping Secretary TK Ramachandran has called for a comprehensive review of maritime incidents involving foreign-flagged container vessels, particularly those linked to undeclared hazardous cargoes. At the IMO session, he emphasized the need for improved safety protocols and investigation of incidents like MSC ELSA 3 to enhance global maritime standards.

India Advocates Maritime Safety and Gender Inclusivity at IMO Council Session in London

1 year ago1 year ago2 mins

India’s delegation, led by Shri T.K. Ramachandran, is participating in the 134th IMO Council session in London, focusing on maritime safety and gender inclusivity. Advocating for enhanced safety protocols and gender equality, India aims to influence international policies, fostering a safer and more equitable maritime sector for all nations.

Gujarat starts Cruise Bharat Mission to increase maritime tourism

Cruise Bharat Mission gets boost with Launch of New Gujrat Cruise Coastal Circuits

1 year ago1 year ago2 mins

Under the Cruise Bharat Mission, Gujarat plans three cruise circuits along its coast, featuring destinations like Diu, Jamnagar, and Dwarka. Clusters include Padala Island and routes connecting historical and cultural sites within 100 km. The Gujarat Maritime Board is enhancing infrastructure and promoting sustainable cruise tourism growth.

India Secures Rs 10,000 Crore Maritime FDI from Cyprus Firms

1 year ago1 year ago1 mins

Interorient, established in 1979 and managing over 100 vessels worldwide, aims to enhance India’s maritime workforce significantly. This investment will create numerous job opportunities for Indian cadets and seafarers, reinforcing international confidence in India’s shipping sector and positioning the country as a vital maritime hub for future growth.

The Supreme Court of Kerala orders the arrest of a cargo ship

Kerala Court Orders Arrest of MSC Akita II in Environmental Damage Case Linked to MSC ELSA Oil Spill

1 year ago1 year ago2 mins

The Bench of Justice Ma Abdul Hakim has ordered the arrest of the MSC Akita II, valued at ₹9,531 crore, pending a July 10 hearing. The decision follows environmental claims citing pollution damages linked to the sunken MSC ELSA, impacting local fisheries and resulting in significant losses for fishermen.

Centre submits HPC report on Great Nicobar project

NGT to Review Environmental Compliance of Great Nicobar Mega Project After Ministry Report

1 year ago1 year ago2 mins

The Union Environment Ministry submitted a confidential report to the National Green Tribunal (NGT), reviewing the controversial Great Nicobar Island project amid allegations of environmental violations. The project, which includes a terminal and airport, threatens coral colonies and wildlife. An ₹80 crore fund was allocated for conservation efforts.

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