Iran’s Ports and Maritime Organization (IPMO) has secured over 200 trillion rials (around $400 million) in new contracts with the private sector, as announced by Minister Farzaneh Sadegh. These agreements aim to enhance port capacity and boost trade, aligning with President Masoud Pezeshkian’s maritime economy initiatives.
The BIMCO Documentary Committee has introduced new clauses for Memoranda of Agreements (MoAs) regarding ship sales, addressing the complexities of the FuelEU Maritime Regulation and EU Emissions Trading System. These clauses clarify responsibilities, costs, and data-sharing obligations, ensuring both buyers and sellers navigate evolving maritime regulations effectively.
During the upcoming India Maritime Week in Mumbai, MOUs totaling ₹10 lakh crore will be announced, focusing on shipbuilding and port modernization. With participation from over 100 countries, the event aims to attract significant investments, showcasing India’s maritime reforms. Prime Minister Modi will be the chief guest, emphasizing global interest.
The Arab Shipbuilding & Repair Yard Company (ASRY) and AD Ports Group have signed three Heads of Terms to enhance maritime services in Bahrain. This collaboration includes a joint venture for shipyard management, a partnership for green ship recycling with JM Baxi, and investment opportunities in ports and terminals, promoting sustainable practices.
India and UAE have entered a transformative phase in bilateral relations, signing eight strategic agreements to foster a sustainable, innovation-driven future. This milestone, marked by Crown Prince Sheikh Hamdan Bin Mohammed’s visit, emphasizes collaboration in green logistics, healthcare, and education, paving the way for a climate-resilient, tech-integrated trade ecosystem.
Shantanu Thakur, GOI Union Minister of State for PSW, visited JNPA in India to assess the Vadhvan Port project’s progress. He signed an MoU with YCMOU to offer port operation programs and discussed strategic initiatives with stakeholders to enhance maritime trade. Thakur emphasized the importance of port infrastructure in boosting economic growth and global competitiveness.
