Alang Shipbreaking Industry Struggles Despite Government Support The Alang shipbreaking industry in Bhavnagar district, Gujarat, is facing a major crisis, despite significant efforts by the central and state governments. This industry, responsible for 98% of India’s ship recycling, is currently in a slump due to international factors beyond its control. [...]
GMIS, 2023 comes to an end with resounding success of 360 MoUs with investment commitment of ₹8.35 lakh crores, additional investible projects worth ₹1.68 lakh crores announced Valedictory session of GMIS witnessed Union Ministers Nirmala Sitaraman, Dharmendra Pradhan, Piyush Goyal, along with Sarbananda Sonowal Chief Minister of Gujarat, Bhupendrabhai Patel, [...]
The Ministry of Ports, Shipping, and Waterways is gearing up for the eagerly anticipated Global Maritime India Summit 2023. Union Minister Sarbananda Sonowal has extended a warm invitation to industry players for this significant maritime event scheduled from October 17 to 19 in Mumbai, as announced by the Visakhapatnam Port [...]
India and Iran have made significant progress in narrowing their differences on a proposed 10-year pact for operations at the Chabahar port. This strategic port, crucial for both nations, facilitates the trans-shipment of goods to places like Afghanistan and Central Asia. The two countries are also exploring ways to replenish [...]
(1) Changes to Cargo Handling – Fuel Surcharge Starting from September 1, 2023, and until further notice, there will be a monthly review of the Fuel Surcharge applied to cargo handling at RAK Ports. The Fuel Surcharge for October 2023 is determined based on the published fuel price in September [...]
In discussions aimed at expanding their cooperation in maritime affairs, India and Russia explored the idea of creating new shipping routes, specifically the Northern Sea Route (NSR) and the Eastern Maritime Corridor (EMC) connecting Vladivostok and Chennai. They also agreed that Indian seafarers would receive training in Polar and Arctic [...]
India is planning to make a big change in its maritime laws. These laws, called cabotage laws, currently say that only Indian ships can carry cargo along India’s coast. But the government, led by Narendra Modi, wants to get rid of these laws. This means that foreign ships will be [...]
The Adani Group seems to be considering the idea of taking control of a port in Greece and transforming it into a significant entry point for Indian goods heading to Europe. Following Indian Prime Minister Narendra Modi’s short visit last week, reports from a Greek news outlet called the Greek [...]
The Ministry of Ports, Shipping and Waterways (MoPSW) has started the 19th Maritime State Development Council (MSDC) at Kevadia, Gujarat. This 2-day event is being led by Shri Sarbananda Sonowal, the Union Minister of MoPSW, and attended by other important figures like Shri Shripad Naik and Shri Shantanu Thakur, who [...]
• Completed the survey work for the port project to be prepared at a cost of 4025 crores on 215 hectares of land. • The Special Investment Region taking shape in Dholera will also benefit from the multi-purpose port project. A major development is on the horizon for Bhavnagar as [...]
