CMA CGM Reflags Fifth Vessel Under Indian Flag

CMA CGM Expands Indian Fleet with Fifth Vessel Reflagging

French shipping giant CMA CGM has made headlines by reflagging its fifth container vessel under the Indian registry, underscoring India’s growth as a maritime hub. This milestone enhances logistical efficiency, offering benefits like priority berthing and improved connectivity, aligning with India’s Maritime India Vision 2030 and broader national infrastructural initiatives.

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Ministry of Ports Seeks Removal of IGST on Imported Ships to Boost Indian Maritime Sector

The Ministry of Ports, Shipping, and Waterways is pushing to eliminate the 5% IGST on imported ships under the Indian flag to boost local tonnage. Domestic shipbuilders are concerned that this move could make imported ships more competitive, overshadowing locally-produced vessels. The Finance Ministry’s decision will impact the future of India’s maritime industry.

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