Maersk, Blackbuck Partner for Intermodal Logistics
Maersk, a leader in integrated container logistics, has announced its partnership with BlackBuck, India’s largest online marketplace for trucking, to provide an online marketplace for containerized trucking in EXIM logistics in India.The Indian government has set ambitions to reduce logistics cost from 14% of the GDP to less than 9% by 2022. The new platform will be owned and operated by BlackBuck with Maersk supporting BlackBuck to develop compelling industry specific solutions.
APM Terminals Inland Services Gets Clearance in India
APM Terminals Inland Services' integrated Inland Container Depot (ICD) and supply chain solutions facility at Chakan, Pune has achieved a significant first after being awarded an environmental clearance certificate by the Indian government.The certification authorises the facility to store, handle, transport, and deliver hazardous chemicals in any form – a critical requirement for all industries dealing with chemicals in domestic and international trade and a key safeguard for…
Number of Indian Seafarers Jump by 42.3%
The number of seafarers in India has seen an unprecedented growth of 42.3% due to various policy level changes brought in by the Government in the last four years, said a Minister in India.According to Mansukh Mandaviya, Minister of State for Shipping, Road Transport & Highways, Chemical & Fertilizer, from 108,446 seafarers in 2013, India now has 154,349 seafarers. India now provides 9.35% of the global seafarers and ranks 3rd in the list of the largest seafarer supplying nations in the world.At present, there are 17 lakhs seafarers globally including the 154,349 Indian seafarers.
India's Oil Imports Surge in September
India's crude oil imports in September touched $10.91 billion, up 33.6 percent from a year ago, Indian government data showed on Monday.Shipments of gold to India, the world's second-biggest buyer of bullion, rose 51.5 percent last month, the data from India's trade ministry showed.India last week announced tariff hikes on several electronic items and communication devices, in a bid to rein in imports and bolster a weak rupee, but did not levy additional duties on gold to prevent increased smuggling of the precious metal.(Reporting by Sankalp Phartiyal Editing by Euan Rocha)
Maersk Rolls Out Digital Freight Forwarding Platform in India
DAMCO, part of A.P. Moller – Maersk, and a provider of end-to-end supply chain management services, announced the launch of its new digital freight forwarding service into India.The new online platform, Twill, provides greater control of shipments by offering instant price quotes and booking, transparency and tracking services, simplified paperwork and proactive customer care.“The shipping and logistics industry today is filled with emails, phone calls and document-heavy processes which can lead to huge delays in getting quotes…
Model Concession Agreement for PPP in Indian Ports Revised
In order to make port projects more investor friendly and make investment climate in the major port sector more attractive, the Indian Government has approved the revised Model Concession Agreement (MCA) for Public Private Participation (PPP) projects in Major Ports. Providing exit route to developers by way of divesting their equity upto 100 percent after completion of 2 years from the Commercial Operation Date(COD). This is now similar to the MCA provisions of Highway Sector.
Maharashtra to Modernize Ports
The Indian Government has taken steps to expand and modernise the posts in the state of Maharashtra. The Minister of State for Shipping Mansukh L Mandaviya has informed that at present, there are two major ports and 48 minor ports (non-major ports) in Maharashtra. Both the major ports in Maharashtra, Mumbai Port and Jawaharlal Nehru Port are equipped with modern facilities. The infrastructure augmentation & modernization of Major Port is a continual process. Out of the 48 minor ports…
Investors Enthusiasm in Cochin Shipyard
Indian government is committed for infrastructure development and the track record of last three years has increased the faith of the investors which has resulted in 76 times oversubscription of IPO of Cochin Shipyard (CSL), a government flagship company, said Union Minister of Shipping, Nitin Gadkari. He was the Chief Guest at the inauguration of the renovated BSE international convention Hall and Listing of equity shares of Cochin Shipyard in Mumbai. Speaking on the occasion he signifies the success of government’s economic policies…
India Unveils Road Map for Cruise Operations
The Shipping and Road Transport and Highways Minister Nitin Gadkari has said that the Indian government is committed to creating the right environment for promoting cruise tourism in the country. Speaking at Dawn of Cruise Tourism in India - an international conference organized by the Shipping Ministry at Mumbai Port today, he said that India has a huge potential of hosting nearly 40 lakh cruise tourists. Given the right impetus, the number of tourist ships visiting India can go up from the present 158 to about 955 per year.
Iran's Chabahar Port will Start by 2018
The Indian Minister for Shipping Nitin Gadkari has said that the government is keen on developing Chabahar Port in Iran and is hopeful of starting operations by 2018. Gadkari was in Teheran, to represent India at the taking over of office by President Hassan Rouhani for the second term. On the eve of his visit to Iran the Minister said that India and Iran have shared special ties historically. Gadkari informed that civil construction work has already started at the Chabahar Port. The Indian Government has allocated Rs 6 billion for the development of the port.
India Unveils Reforms to Boost Cruise Tourism
In order to promote cruise tourism, the Indian government on has announced a slew of reforms to revolutionise the industry which has a high employment generation potential, by simplifying the rules and procedures for cruise port operations. "The Ministry of Shipping, in conjunction with the Ministry of Tourism, has announced reforms to the regulatory processes governing the cruise tourism industry in the country," an official statement said. The objective is to revolutionize this industry which has a high employment generation potential…
JNPT to Support Direct Port Delivery Facility
Indian government is exhorting importers to use the Direct Port Delivery (DPD) facility, an initiative aimed at reducing dwell time and transaction costs, reported PTI. According to Ministry of Shipping, the Direct Port Delivery (DPD) is a major initiative of the Centre under programmes like Make in India and Ease of Doing Business and very important drive for reduction of dwell time and transaction cost. In a workshop on “Direct Port Delivery at Indian Ports-Challenges & Opportunities”…
APM Terminals Mumbai Mulls DPD Service
APM Terminals Mumbai, India’s busiest container terminal, has embraced ‘Direct Port Delivery’ (DPD)service initiated by the Indian government as part of its “Ease of Doing Business Program” to enhance India’s access to the global logistics chain. The streamlined Direct Port Delivery protocol can result in substantial savings of time and money for importers by reducing container dwell times after vessel discharge. In the past, import containers were sent to Container Freight Stations (CFS) 1-1.5 days after arriving by vessel.
Petronet Plans LNG Terminals in Sri Lanka and Bangladesh
India’s biggest player in liquefied natural gas (LNG) Petronet LNG Ltd has plans to establish a 5 million tonne LNG terminal in Bangladesh and 1million-tonne terminal in Sri Lanka. The Bangladesh terminal is in addition to 3.5 mt terminal that the country is looking to set up at Matar Bari in Moheshkhali Island of Cox’s Bazar district or Anwara, Chittagong, for which Petronet is one of the firms that has been shortlisted. "Bangladesh has huge unmet gas demand particularly to power generation.
14 MAN Engines for Indian Navy
Construction of the first ship is expected to start by early 2017 with handover to the Indian Navy by 2023. The project scope includes 7 P-17A frigates, each equipped with two MAN 12V28/33D STC engines. The building yards are Mazagon Dock Shipbuilders Ltd. (Mumbai, India) with 4 vessels and Garden Reach Shipbuilders & Engineers (Kolkata, India) with 3 vessels. MAN Diesel & Turbo will deliver engines and auxiliaries, commissioning, documentation, training and spare parts. The 28/33D STC represents MAN cutting-edge technology.
India Approaches Halkbank to Handle Oil Payment to Iran
India has approached Turkey's Halkbank to faciliate the payment of $6.5 billion to Iran, which it owes for crude oil imports, Iran's Fars news agency quoted India's ambassador to Tehran as saying on Saturday. "The Indian government is seeking to pay the $6.5 billion debt and is looking to prepare the banking activities. The receiving bank for this money will be Turkey's Halkbank, and the money will be paid in euros," Fars quoted Saurabh Kumar as saying. Halkbank officials were not immediately available for comment.
EU Shipowners Want Progress at Alang Shipbreaking to Be Rewarded
Ship recycling practices in Alang, India, are gradually improving. The European Commission should acknowledge this positive development under the EU Ship Recycling Regulation. Adopting an overly restrictive approach will discourage first movers and further delay the entry into force of the IMO Hong Kong Convention. These are the main messages that ECSA took home from a fact-finding visit held last week in Alang, India. The visit was organised in cooperation with the Indian government, the Gujarat Maritime Board and the Ship Recycling Industry Association (SRIA) of India.
Korean Register to Deliver Statutory Services in India
Classification society Korean Register (KR) has signed an agreement with the Directorate General of Shipping (DGS) to deliver services on behalf of the Indian flag administration, carrying out vessel surveys and issuing certificates according to international conventions. KR is now able to conduct relevant surveys and audits and to issue certificates to Indian flagged ships for SOLAS, MARPOL, ITC, ICLL and MLC. India's maritime industry has strong potential for growth because of its geographical location between Asia and Africa and its 7,000-kilometer-long coastline, KR said.
Institute of Chartered Shipbrokers signs MoU with Indian Maritime University
The Institute of Chartered Shipbrokers, the maritime industry’s only body dedicated to professional education, has signed a new Memorandum of Understanding with the Indian Maritime University. The MoU was signed by The Institute’s Sean Walsh and the IMU’s Vice Chancellor K Ashok Vardhan Shetty during the Indian Maritime Summit, which was opened and attended by the Prime Minister of India, Shri Narendra Modi. The summit is the inaugural flagship initiative of the Ministry of Shipping of the Government of India and aims to provide a platform for companies…
Indian Merchant Navy Roadshow Targets University Cities
The Maritime Training and Research Foundation (MTRF) in India is unleashing a nationwide roadshow across Indian university cities to ramp up greater awareness of careers within the nation’s merchant navy. The roadshow will visit cities including Dehradun, Kolkata, Patna, Chennai, Poona and Chandigarh. It will see free career guidance given to Indian students keen on working as merchant navy officers across various categories aboard specialized cargo ships. MTRF is promoted by India’s apex shipping trade body - Maritime Association of Shipowners, Shipmanagers and Agents (MASSA).
$ 17.5 Bln Projects to be showcased at Maritime India Summit
Projects worth Rs. Indian Government's Minister for Shipping, Road Transport & Highways, Nitin Gadkari said that projects in the ports and shipping sector, worth an investment of Rs. 1,20,000 Crore ($ 17.5 billion) will be showcased before potential investors at the Maritime India Summit to be held in Mumbai from 14-16 April, 2016. He was talking to news persons in New Delhi today on the occasion of Media Launch of Maritime India Summit, 2016. The Minister said that the focus of the Government is on creating more jobs in the maritime sector.
Simatech Begins Coastal Shipping Service in India
Sima Marine, a subsidiary of Dubai-based Simatech Shipping, one of the largest container feeder servicing companies in the world operating 54 ships, has launched coastal container shipping services in India. The coastal container shipping service will operate from Kochi connecting Mangalore in Karnataka, Goa and Mundra in Gujarat. Simatech Shipping is one of the largest container feeder servicing companies in the world operating 54 ships with partners, including 15 of its own.
APM Terminals Mumbai Switches to Paperless transactions
APM Terminals Mumbai became the first Indian container terminal to go paperless by providing shipping lines electronically with the required Export Form 13 for export containers entering the terminal by truck. Building upon the success of the Export e-Form 13, APM Terminals Mumbai has also introduced an ‘Online Import Delivery Process’ to simplify and streamline the import cycle of terminal operations to reduce gate waiting time and congestion, and enable faster container movements into and out of the terminal.
India Seeks Merchant Banks for Cochin Shipyard IPO
Indian Government has initiated procedures for sale of shares of Cochin Shipyard Limited (CSL) by seeking expression of interest (EoI) from merchant bankers to manage the initial public offering (IPO). The listing will involve the sale of some 33.98m shares, of which 22.66m will be primary and 11.33m secondary shares offered by the country, which wants to offload a 10% stake. Cochin Shipyard had a paid up share capital of Rs1.13bn ($16.65m) and a net worth of Rs15.61bn. "The proposed IPO will see the government reduce its stake in the company by 10%.
India Fosters Growth in its Maritime Sector
The Indian government’s has been going all out to put the growth of the Indian maritime Industry on a fast track by opening up a host of opportunities, offering goodies and putting in place new facilities. Setting the tone for his keynote address at the 9th Biennial International Conference on Ports, Shipping & Logistics organized by the Bombay Chamber of Commerce & Industry at the Taj Mahal Hotel, Mumbai, Nitin Gadkari, Union Ministry of Road Transport, Highways and Shipping…
IRClass Academy Focuses on Maritime Professional Development
IRClass Academy, part of the Indian Register of Shipping, demonstrated its commitment to Maritime Professional Development by successfully delivering a new 4-day Executive Management Course in Ship Superintendency. The course featured in-depth interaction with subject matter experts and practising managers from the industry that included the CEO of Indian operations of a global company owning bulk carriers, and the Technical Directors and Heads of Chartering from leading Indian shipping companies, and a well-known Marine Insurance Consultant.