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The Reflection of Seafarers Life

Competitiveness

Govt eyes duty cuts to level playing field for Indian ships

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

2 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.

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South Korea distributes 260 billion WON to improve the competitiveness of the shipbuilding

South Korea Invests 260 Billion WON to Boost Shipbuilding Competitiveness and Sustainability

2 mins

The South Korean government plans to invest 260 billion WON this year to enhance the competitiveness of the shipbuilding sector. Funds will be allocated for environmentally friendly ships, digital transformation, and autonomous ships. Research projects will focus on wind-supported drive devices, electric ships, and ammonia-driven vessels. This investment aims to strengthen the industry and promote innovation.

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