Mitsui O.S.K. Lines (MOL) has expanded its fleet with the addition of the “Green Sachi,” a very large gas carrier reflagged to India. Operated by MOL (India) PVT LTD, which now owns 11 tankers, this move strengthens its presence in India’s shipping market, particularly at Gift City, a financial hub.
The Lok Sabha introduced the Merchant Shipping Bill, 2024 to revolutionize India’s maritime industry. Led by Union Minister Sarbananda Sonowal, the bill aims to expand vessel ownership, enhance security measures, promote international trade, and ensure environmental protection. This legislative move highlights the government’s commitment to modernizing and strengthening India’s maritime presence.
