Ship Leasing Boom Signals New Momentum for Maritime India

In September, India’s maritime sector made notable strides as the government advanced its Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047. With 38 registered ship lessors managing 43 vessels, including 24 under the Indian flag, Union Shipping Minister Sarbananda Sonowal highlighted these developments at the India Ship Leasing Summit.

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Nigeria Unveils New CVFF Portal to Boost Local Ship Financing

The Nigerian government has launched the Cabotage Vessel Financing Fund (CVFF) Application Portal, aimed at improving local ship ownership financing. Minister Dr. Adegboyega Oyetola emphasized its role in reducing reliance on foreign vessels and fostering economic growth. The initiative addresses financing gaps for local shipowners, promoting maritime safety and job creation.

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