Global trade is impacted by longer ship routes that cause delays: Piyush Goyal

Impact of Extended Shipping Routes on Indian Exports and Trade Challenges

Commerce and Industry Minister Piyush Goyal highlighted the negative impact of longer ship routes on global trade, especially Indian exports. Despite efforts to address container shortages and production constraints, challenges persist in the industry. Goyal’s statements underscore the need for interventions to improve India’s container manufacturing capabilities and address delays in reaching foreign markets.

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Ship turnaround times at Indian ports reduced by 48.65%: Sonowal

Indian Ports Achieve Significant Reduction in Ship Turnaround Time

Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal reported a significant 48.65% decrease in average ship turnaround time at major Indian ports. This improvement is credited to enhanced efficiency, digitalization, and infrastructure development. Specific ports like Jawahar Lal Nehru Port saw turnaround times drop to just 26 hours.

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Tamil Nadu focusing on port-led development

Tamil Nadu Expands Maritime Infrastructure to Become a Global Manufacturing Hub

Tamil Nadu is strategically positioning itself as a global manufacturing hub by expanding its maritime infrastructure. The opening of the Chennai-Vladivostok maritime corridor highlights the state’s commitment to developing its ports, with plans for a greenfield port at Cuddalore. This effort aims to boost exports and imports, utilizing coastal shipping to reduce transportation costs significantly.

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The government plans to develop Goa as a cargo and cruise hub

Goa Set to Become Premier Cargo and Cruise Hub under Sagarmala scheme

The Central Government, along with the State Government of Goa, is developing Goa as a major cargo and cruise destination under the Sagarmala scheme. Projects include building an international and domestic cruise terminal, a ferry terminal, and enhancing inland transportation with coastal jetties. These efforts aim to boost the economy and local connectivity in the region.

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Kerala will increase its maritime institutes’ operations: Minister

Kerala to Advance Marine Industry Skills through Public-Private Partnerships

During the Kerala Maritime Education Conference (KMEC 2024), State Minister of Ports V. N. Vasavan stressed the significance of the public-private partnership model in developing skilled professionals for the marine industry. He highlighted the need to enhance maritime colleges in Kerala through this approach, citing successful examples like Vizhinjam Port.

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Sarbananda Sonowal informs LS about the “HaritSagar” Green Port Guidelines issued to reduce pollution in ports

Harit Sagar Green Port Guidelines Launched to Promote Sustainability in India’s Major Ports

Union Minister for Ports, Shipping, and Waterways Shri Sarbananda Sonowal has introduced the “Harit Sagar” Green Port Guidelines to reduce carbon intensity in major ports. The guidelines offer incentives for sustainability, such as discounts on berth fees for eco-friendly ships. State Pollution Control Boards monitor environmental compliance.

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The government introduces the Coastal Shipping Bill in Lok Sabha

India’s Coastal Shipping Bill Introduced in Lok Sabha for Approval.

The government presented a bill in Lok Sabha on December 2 to revamp the maritime sector with the Coastal Shipping Act 2024. This legislation aims to boost traffic at key ports, enhance efficiency, and support domestic shipping companies. The bill proposes innovative measures to simplify regulations and promote coastal trade without the need for commercial licenses.

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The Center is spending Rs 1,010 crore on the Barak River and Brahmaputra projects

India to Develop Assam’s Brahmaputra and Barak Rivers for Tourism

The Government of India is investing Rs 1,010 crore in developing Brahmaputra and Barak rivers in Assam, focusing on infrastructure for inland waterways, tourism, and transportation. Projects include slipway construction, terminals, and a religious tourism circuit, aiming to enhance connectivity and economic growth. Maintenance dredging and operational measures will ensure safe navigation for vessels.

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By 2025, Vizhinjam port will receive more MSC ships every week

Vizhinjam Port to Welcome Increased MSC Ship Traffic by 2025

Mediterranean Shipping Company (MSC) will increase the number of ships docking at Vizhinjam International Port in 2025. The Dragon and Jade services will connect Asia, the Mediterranean, Europe, and Asia. Adani Ports plans to utilize the port for export containers, providing faster shipping to Europe. This collaboration will enhance trade opportunities and efficiency.

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DGFT launches investigation in to sugar shipments redirection to Sri Lanka

Investigation Launched into Diverted Indian Sugar Shipment Meant for Maldives

An ongoing investigation is probing a sugar shipment from India meant for the Maldives but redirected to Sri Lanka. The Directorate General of Foreign Trade is scrutinizing the situation, with reports of halted exports to the Maldives and Sri Lanka suspending clearance. Invoices and export regulations violations have added complexity to the case.

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