Merchant Shipping Bill 2024 Aims to Revolutionize India’s Maritime Industry

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.

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Panama Leads Global Ship Registration with 358 New Vessels and 8.5 Million GT

Panama has made history by registering 358 newly built ships, totaling over 8.5 million Gross Tonnage, solidifying its position as the world leader in ship registration. The Panama Maritime Authority’s strategic initiatives and incentives have attracted shipowners, showcasing its commitment to sustainability and advancement in the maritime sector.

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