India: Locally Built Ships Priority in Chartering
The government of India has revised guidelines for chartering of ships by providing the right-of-first-refusal (RoFR) to ships built within the country, a move to promote the Make in India initiative and incentivise shipbuilding activity.Henceforth, whenever a tendering process is undertaken to charter a vessel, a bidder offering a ship built in India will be given the first priority to match the L1 quote. It is expected that this priority given to ships built in India will raise the demand for such vessels…
Indian Ports Register 3.11% Growth
Major ports in India together handled 578.86 Million Tonnes (MT) of cargo during April-January 2019, representing a growth of 3.11 per cent, an official statement said.The major ports had handled 561.39 MT cargo in the corresponding period of previous fiscal, the Ministry of Shipping said in a statement."The major ports in India have recorded a growth of 3.11 per cent and together handled 578.86 MT of cargo during the period April to January, 2019 as against 561.39 MT handled during the corresponding period of previous year…
India: Seafarer Jobs Growth whopping 42.3%
The last four years saw an unprecedented growth of 42.3 per cent shipboard jobs for Indian seafarers.The seafarers employed on ships worldwide increased from 108446 in 2013 to 154349 in 2017.India now provides 9.35 per cent of the global seafarers and ranks third in the list of the largest seafarer supplying nation to the world maritime industry."The Ministry of Shipping has strived to improve employment generation in the Shipping sector during the last four years," said Union Minister of State for Shipping Mansukh Mandaviya.He further added…
Jan De Nul wins Bangladesh Dredging Concession
Jan De Nul Group’s subsidiary Payra Dredging Company Limited (PDCL) entered into a concession agreement with Payra Port Authority (PPA) for the capital and maintenance dredging of the Rabnabad Channel at Payra Port. This Public-Private Partnership (PPP) contract was awarded end 2017. The official signing ceremony took place today at the Ministry of Shipping of the People’s Republic of Bangladesh in Dhaka.Under this agreement, Jan De Nul Group will be responsible for the development…
Concor Begins Maiden Coastal Voyage
India has huge potential for enhancing modal share of coastal shipping and inland water navigation. The current share is only 7% unlike countries like China with 24% and Germany 11%. India looks to tap this segment in a big way.The maiden coastal voyage of a vessel of Container Corporation of India (Concor) was flagged off by Nitin Gadkari, Union Minister for Shipping and Piyush Goyal, Union Minister for Railways.CONCOR is a public sector unit (PSU) under Ministry of railways. The vessel SSL Mumbai is sailing from Kandla Port to Tuticorin via Mangalore and Cochin.
Kolkata-Patna: India's Second Inland Container Cargo Sector
Patna, capital of Indian state of Bihar, will witness a new landmark in the country’s Inland Water Transport (IWT) sector with 16 TEUs of container cargo (equivalent to 16 truckloads), belonging to food majors PepsiCo India and Emami Agrotech will reach the city's Gaighat IWT Terminal from Kolkata on river Ganga next week.Inland Waterways Authority of India’s (IWAI) vessel MV RN Tagore sailed from Kolkata’s Garden Reach Jetty on December 6th. It will reach the IWT terminal at…
Indian Ports Register Positive Growth of 5.13%
The Major ports in India have recorded a growth of 5.13% and together handled 288.38 MTof cargo during the period April to August, 2018 as against 274.32 MThandled during the corresponding period of previous year.For the period from April-August 2018, nine Ports Kolkata, Paradip, Visakhapatnam, Kamarajar, Chennai, Cochin, New Mangalore, JNPT and Deendayal have registered positive growth in traffic.According to a statement from the Ministry of Shipping, the highest growth was registered by Kamarajar Port (17.24%)…
India Builds National Maritime Heritage Complex at Lothal
Indian Ministry of Shipping, through its flagship programme Sagarmala, is closely working with Government of Gujarat state and other stakeholders to showcase India's rich maritime heritage through development of a World Class Maritime Heritage Complex (NMHC) at Lothal in the state of Gujarat.Preliminary work on design elements of the proposed heritage complex has been completed and consultations from experts are now under process. In order to further plan and take the project forward, a one day consultation workshop was held at Chatrapati Shivaji Maharaj Vastu Sanghralaya in Mumbai.
Indian Port Rail Corporation to Begin New Railway Line Project
Jawaharlal Nehru Port (JNPT), Ministry of Shipping, Ministry of Railways and state governments of Madhya Pradesh and Maharashtra will enter into a pact tomorrow for implementing a new Indore- Manmad Railway Line Project.The project will be implemented through Indian Port Rail Corporation Limited on joint venture special purpose vehicle (SPV) model."An MoU will be signed tomorrow between JNPT- Ministry of Shipping, Ministry of Railways, Govt of Maharashtra and Govt of Madhya Pradesh for implementation of 362 km Indore- Manmad New Railway Line Project…
India Allows Domestic Fertilizers Transportation by Foreign Vessels
India's Minister of State for Shipping Pon Radhakrishnan in informed that the Ministry of Shipping has given relaxation to foreign vessels for carriage of fertilizer from one port to another port within the country under section 407 of the Merchant Shipping Act, 1958. The foreign flag ships are now not required to obtain a license from the Director General of Shipping for engaging in coastal trade for carriage of fertilizer by sea.The relaxation is subject to the condition that…
India Issues New Guidelines for Investment in Ports
India's Ministry of Shipping has undertaken a diverse set of initiatives as part of its drive to boost profitability across major Indian ports.One major initiative is to improve the returns earned on treasury investments by the ports for pension, provident and surplus funds. Across all major ports, these funds add up to around INR 33,000 crore (USD 4.8 billion), yielding interest of around INR 2,700 crore (USD 394 million)Looking for ways to push this amount further, the Ministry…
India Spurring Port Development
The government of India has identified 243 projects at a total cost USD 21 billion have been identified for enhancing the infrastructure at Indian ports upto 2035, under Sagarmala Program.Out of these 44 projects (USD 1.25 bln) have been completed and 79 projects (USD 53 bln) are under implementation. These projects are being implemented by Major Port Trusts, State Maritime Boards, State Government/UTs and Private Sector.12 Major ports have spent USD 791 mln in the last two…
Cochin Port to Roll-out New Cruise Terminal
A new Cruise Terminal having facilities to handle 5000 tourists will come up at Ernakulum Wharf of Cochin Port, India by February 2020. Cochin Port Trust has issued work order to the contractor today for commencing the construction of the new Cruise Terminal.The facilities inside the Terminal, having 2253sq mtrs area, would include passenger lounge, crew lounge, 30 immigration counters, 8 customs clearance counters, 7 security check counters, Wi-Fi, tourist information counter…
CEMS Opening Visakhapatnam Labs
Shortly after announcing the launch of its labs in Mumbai, Center of Excellence in Maritime & Shipbuilding (CEMS), a startup in skill development for maritime and shipbuilding sector, has announced readiness of its labs in Visakhapatnam.CEMS is promoted by Indian Register of Shipping (IRClass) in partnership with Siemens and support from Sagarmala, Ministry of Shipping. Its Visakhapatnam campus is located in the Indian Maritime University (IMU) premises.CEMS has planned 18 labs for its Visakhapatnam campus of which six labs are ready and will be operationalized shortly.
India's ‘Sagarmala’ Receives Gold Award
Indian Ministry of Shipping’s flagship program for port-led-prosperity ‘Sagarmala’ received the ‘Gold Award’ in infrastructure sector in the recently concluded 52nd Skoch Summit 2018 in New Delhi, recognizing the programmes’s contribution to India’s socio-economic transformation and it's role in propelling fast-track growth and infrastructure development. The Sagarmala Programme also received the ‘Order of Merit’ at the Summit. The Secretary (Shipping) Gopal Krishna shared the award with Minister for Shipping Nitin Gadkari.
Deendayal Port to Have Fertiliser Cargo Facility
The Standing Finance Committee of Ministry of Shipping in India has cleared a project for setting up an exclusive, fully mechanized handling facility for fertilizer cargo at Deendayal Port in Kandla. The facility will be developed at berth number 14 of the port, which is being constructed at an approximate cost of Rs.138 crore (USD 20.57 million). The port will further invest approximately Rs.340 crore (USD 50.67 million) for the project from its internal resources. Initially, the proposed facility will handle 2.60 MMTPA and subsequently this will be raised to 4.50 MMTPA.
India Seeks Banks Financial Support for Inland Water Transport
The Inland Waterways Authority of India (IWAI) will involve banks for ensuring availability of financing options for the private players engaged in Inland Water Transport (IWT) sector. Financing and funding for Operation and Maintenance of IWT assets is a challenge for shippers, vessel operators and asset management firms as the banking sector is not yet ready with any customized financing option for the sector. Addressing the day-long Stakeholders Conference on Emerging Business opportunities in Inland Water Transport Sectorwas organized by IWAI at New Delhi…
India Signs MoU with Korea on Seafarers
India signed an MoU with the Republic of Korea (South Korea) on Mutual Recognition of Certificates of Competency of Seafarers. This paves the way for the two governments to mutually recognize the certificates of maritime education and training, competency, endorsements and medical fitness of seafarers issued by each other. The agreement was signed by Nitin Gadkari, Ministry of Shipping, Road Transport & Highways and Water Resources, River Development & Ganga Rejuvenation and his Korean counterpart Kim Young-choon at a ceremony in Busan.
Indian Shipping Minister Nitin Gadkari to Visit South Korea
Nitin Gadkari, India's Union Minister of Shipping will be on an official visit to the Republic of Korea (South Korea) from today (9 April 2018). During the 4 day visit, Shri Gadkari will focus on taking forward the bilateral cooperation between India andKorea in shipping, ports, inland waterways, highways, river interlinking and infrastructure sectors. An Undertaking on Mutual Recognition of Certificate of Competency of sea-farers will be signed during the visit. Known for maritime technology prowess…
India to Augment Capacity Along Inland Waterways
The Government of India proposes to augment capacity to develop eco-friendly and economic mode of transportation along inland waterways and coastal shipping routes under the Sagarmala Programme. Sagarmala is the flagship programme of the Ministry of Shipping to promote port-led development in the country by harnessing India’s 7,500 km long coastline, 14,500 km of potentially navigable waterways. It aims to reduce the logistics costs by doubling the share of domestic waterways in the modal mix from current 6 per cent.
Indian Ports Register Positive Growth of 3.64%
The major ports in India have recorded a growth of 3.64% and together handled 499.41 Million Tonnes of cargo during the period April to December, 2017 as against 481.87 Million Tonnes handled during the corresponding period of previous year. For the period from April- December 2017, Eight Ports (Kolkata (incl.Haldia), Paradip, Visakhapatnam, Chennai, Cochin, New Mangalore, JNPT and Kandla) have registered positive growth in traffic. The highest growth was registered by Cochin Port (17.27%), followed by Paradip (14.59%), Kolkata [incl. Haldia] (12.45%), New Mangalore (6.60%) and JNPT (5.94%).
India's 12 Major Ports Capacity Increased to 1,359 MT
The Ministry of Shipping has re-rated the capacities of all berths across 12 Major Ports in order to benchmark port capacities with global standards as per Berthing Policy, 2016. The Re-rating exercise identified an additional capacity of 293MT available with the Major Ports. The effective rated capacity of 12 Major Ports is now 1,359 MT per annum and capacity at desired occupancy is 989 MT per annum. The effective rated capacity of Kandla Port is 246 MT, that is highest among Indian port, followed by 234 MT of Paradip Port.
Indian Ports Cargo Traffic Up 3.46%
Major ports in India have recorded a growth of 3.46% and together handled 439.66 Million Tonnes of cargo during the period April to November, 2017 as against 424.96 Million Tonnes handled during the corresponding period of previous year. For the period from April- November 2017, nine Ports (Kolkata (including Haldia), Paradip, Visakhapatnam, Chennai, Cochin, New Mangalore, Mumbai, JNPT and Kandla) have registered positive growth in traffic. The highest growth was registered by Cochin Port (17.93%), followed by Paradip (13.13%), Kolkata [incl.
India to Establish Center of Excellence in Maritime and Ship Building in 2 Cities
A world class Center of Excellence in Maritime and Ship Building (CEMS) is being set up by Ministry of Shipping in collaboration with Siemens and Indian Register of Shipping (IRS) under the Ministry’s flagship Sagarmala Program. CEMS will have campuses at Vishakhapatnam and Mumbai, and will provide industry-relevant skill development, equip students with employable engineering and technical skills in the port and maritime sector and contribute to the Government of India’s ambitious Sagarmala programme.
International Ship Repair Facility at Cochin Shipyard
The Minister of Shipping in India, Nitin Gadkari has said that Cochin is all set to become a global ship repair hub. He was speaking at Cochin, after laying the foundation stone for a INR 970-crore (USD 148 million) International Ship Repair Facility (ISRF) for Cochin Shipyard Limited. The facility is being built at Cochin Port Trust where CSL has leased out a 40-acre plot for the project. The International Ship Repair facility will be a State of the Art facility that can handle a major chunk of small and medium sized vessels plying in India.
India Okays Shipbuilding Financial Assistance Policy
To promote Government of India’s ambitious ‘Make in India’ programme and to encourage domestic shipbuilding by providing a level playing field vis-a-vis foreign shipyards, the Government had approved the Shipbuilding Financial Assistance Policy for Indian Shipyards in December 2015. This policy provides Rs. 4000 Crores (USD 773mln) financial assistance to shipyards for 10 years for contracts secured between 01.04.2016 and 31.03.2026 (including these dates). The Shipyards Association…