News items selected for weekly newsletter
The National e-Governance Division (NeGD) and the Indian Ports Association (IPA) signed a MoU in New Delhi to digitally transform India’s maritime sector. This partnership addresses outdated practices, leveraging technology and industry insights to enhance port efficiency. Key initiatives include advanced software development and the integration of AI and blockchain for optimized port management.
In March 2020, the cruise industry faced a major setback due to the COVID-19 pandemic, leaving passengers stranded worldwide. Today, Carnival Corp is leading the industry’s recovery with strong bookings for 2025. Despite rising costs, the company exceeded profit expectations in the fourth quarter. CEO Josh Weinstein is optimistic about the future.
The Indian Coast Guard successfully rescued nine crew members of the Indian vessel Taj Dhare Haram, which sank in the northern Arabian Sea. The crew members were found in a life raft after abandoning their vessel. The mission was carried out under challenging sea conditions, highlighting the importance of international cooperation.
The Odisha state government is set to enhance its marine infrastructure with the construction of two new seaports, in collaboration with PSA Singapore. These new ports, along with shipyards, aim to attract industries to Gopalpur and Dhamra areas. Investments in steel plants and shipyards near the ports signify the state’s commitment to industrial growth.
The forthcoming Coastal Shipping Bill and Merchant Shipping Bill are set to stimulate coastal shipping and bolster Indian ship ownership, as per Sarbananda Sonowal, the Union Minister for Shipping and Ports. These bills aim to enhance the maritime sector, promote coastal security, and elevate maritime training standards to drive economic growth in India.
The Jawaharlal Nehru Port Authority (JNPA) announced a Rs 20,000 crore investment proposal from Terminal Investment Limited Sarl (TIL) of Switzerland for the development of Vadhvan Port in Maharashtra. With a total investment of Rs 76,200 crore, the project aims to transform Vadhvan Port into a world-class facility with cutting-edge technology and sustainable practices.
The World Maritime University (WMU) has launched a ‘train-the-trainer’ program focusing on educating individuals about alternative fuels in the shipping industry, such as ammonia, methanol, and hydrogen. This initiative aims to equip professionals with the necessary knowledge and skills to adapt to the changing landscape of maritime fuel options, promoting sustainability and innovation in the industry.
PierSight, an Indian spacetech startup, is gearing up to launch Varuna, its first satellite for maritime surveillance. This private Synthetic Aperture Radar (SAR) satellite will provide continuous monitoring of maritime activities, regardless of weather conditions. The firm plans to launch a constellation of 32 satellites by 2028 for comprehensive ocean coverage.
On 23 Dec. 2024, the maritime industry saw new amendments to the MLC, 2006 come into effect, aiming to improve seafarers’ working and living conditions in light of COVID-19 challenges. These changes focus on safety, medical care, repatriation, and mental health support, emphasizing the industry’s commitment to seafarers’ well-being and rights.
The Baltic Exchange’s dry bulk sea freight index rose on Monday, driven by higher rates in larger vessel segments. The capesize index surged by 17 points to 1,132 points, with average daily earnings for capesize vessels increasing to $9,388. Iron ore futures also saw a rise, supported by Chinese steelmakers’ restocking expectations.
The FuelEU initiative will not apply to Norway and Iceland, as they are EEA members but not EU Member States. However, 50% of energy used on voyages between these countries and EU Member States will be subject to FuelEU regulations from January 1, 2025. Exemptions are available for specific routes and ports until December 31, 2029.
In January, the Vizhinjam International Seaport will begin roadway cargo traffic, marking a significant milestone for India’s maritime trade industry. Trial runs with container trucks are already underway, testing the feasibility of utilizing the current road network. Plans for a container rail station and industrialization consultant are also in progress to enhance port capabilities.
The Mumbai Port Trust is welcoming visitors from December 14 to 20, 2024, to discover the port’s rich cultural and historical heritage. With Union Minister Sarbananda Sonowal’s announcement, tourists can explore the pivotal role the port has played in shaping Mumbai as India’s commercial capital since 1873. This initiative promotes sustainable tourism.
The Maritime Shipping Bill in India aims to elevate the country’s ship recycling industry, potentially surpassing Bangladesh. Reforms in the Merchant Shipping Bill seek to streamline vessel registration, attract investments, and improve operational clarity. With projected growth, India aims to secure a larger market share by enhancing infrastructure, implementing green facilities, and ensuring compliance.
The UK Maritime and Coastguard Agency (MCA) is proposing new amendments to the Maritime Labour Convention to better support seafarers. These changes include internet access at sea and improved dietary requirements. The consultation period for industry feedback is open until January 22, 2025, with the amendments set to take effect on December 23, 2024.
