India Ministry Of Shipping News

Singapore's PSA International and Indian container freight operators have warned the Indian government that its order to waive container storage charges during the coronavirus lockdown could lead to port congestion, letters seen by Reuters showed.India's Ministry of Shipping asked ports to allow free storage of containers as part of relief measures to ease pressure on companies hit by logistics restrictions because of India's nationwide lockdown.PSA's local unit in a letter to the government on April 24 said importers might not remove their containers from ports due to free storage…

India, one of the world's five major ship recycling countries, has acceded to the IMO Hong Kong Convention, the treaty that will set global standards for safe and environmentally-sound ship recycling.India's accession brings this important convention a significant step closer to entering into force, with the required 15 States now party to it and with India's ship recycling volume considerably contributing to the required recycling capacity.The Hong Kong Convention1 covers the design, construction, operation and maintenance of ships to ensure they can be recycled safely and in an environment-friendly way at the end of their lives. It also deals with how ships should be prepared for their final voyage to a recycling facility…

The world's largest container shipping company Maersk Line began moving 16 containers on the Ganga river from Varanasi to Kolkata, the Shipping Ministry of India said.It will be Maersk's first container movement in the 1390-km inland waterway in the River Ganga from Haldia to Varanasi."Maersk Line will move 16 containers on river Ganga (National Waterway-1) from Varanasi to Kolkata tomorrow. The firm is onboard India's inland waterways for the first time," the ministry said in a statement.The Indian government has been developing National Waterway-1 with technical and financial assistance from the World Bank at an estimated cost of around $790 million.On November 12…

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 has realized an opportunity to improve returns by INR 150 crore (USD 22 million) or more through a strategic shift in its guidelines for provident and surplus funds.As per the most recent guidelines…

For skills development of youth in coastal areas, India's Ministry of Shipping signed a memorandum of understanding (MoU) with theMinistry of Rural Development in New Delhi. The MoU is for convergence of the Ministry’ prestigious project Sagaramala and Ministry of Rural Development’s flagship programme Deen Dayal Upadhyay Grameen Kaushalya Yojana (DDU GKY). The Minister of Shipping and Road Transport & Highways, Nitin Gadkari and the Minister for Rural Development, Panchayati Raj, Drinking Water and Sanitation Narendra Singh Tomar were present on the occasion. DDU-GKY is expected to bring in its skilling expertise to provide skilling for the coastal communities…

India's Ministry of Shipping held a consultation meeting with various stake holders on ‘Policy for Award of Waterfront and Associated Land to Port Dependent Industries in Major Ports’ in New Delhi. The policy was approved by the Union Cabinet earlier this year and is aimed at bringing uniformity and transparency in the procedure for awarding captive facilities at ports. The meeting was attended by various stakeholders from companies such as Indian Oil Corporation Ltd, Bharat Petroleum, Mangalore Refinery and Petrochemicals Limited, Adani Ports, SEPC Power Pvt Ltd, NTPC and industry bodies ASSOCHAM and CII. In depth discussions were held on various aspects of the policy…

India's Ministry of Shipping has formulated a revised Central Sector Scheme to provide financial support to Major and Non-Major Ports as well as State Governments for creation of infrastructure for movement of cargo and passenger by sea or National Waterways. This is in line with the Ministry’s port-led- development program-Sagarmala (India's maritime initiative) for creating better infrastructure and promoting costal shipping for saving logistic costs. Under the Scheme, projects for construction and up-gradation of exclusive coastal berths for coastal cargo and berths/jetties for passenger ferries; mechanization of coastal berths; capital dredging for operating non-major ports…

An Indian-flagged oil tanker is returning to Libya, the North African country's rival oil corporation said on Thursday, after its failed first attempt to export crude oil led to the ship being blacklisted by the United Nations Security Council. The Distya Ameya tanker is heading to the western Libyan port of Zawiya, said Nagi al-Maghrabi, chairman of the National Oil Corporation (NOC) set up by Libya's rival eastern government in parallel to the Tripoli-based NOC. The Tripoli NOC is recognized internationally as the legitimate seller of Libyan oil. The Tripoli NOC and its international backers say that if the eastern government succeeds in its long-held aim of selling oil independently…

India has instructed an Indian-flagged oil tanker that has been blacklisted by the U.N. not to discharge its cargo of crude oil from Libya's rival eastern government and to await instructions from the United Nations, a senior Indian government official said on Thursday. The tanker, the Distya Ameya, is carrying 650,000 barrels of crude on behalf of a second National Oil Corporation (NOC) set up by Libya's rival eastern government in parallel to the Tripoli-based NOC, which is recognized internationally as the legitimate seller of Libyan oil. The Tripoli NOC and its international backers say that if the eastern government succeeds in its long-held aim of selling oil independently…

India's Ministry of Shipping has decided to rescind thirteen rules under the Merchant Shipping Act, 1958 (as amended), having found them to be obsolete and unnecessary. This in turn will declutter the legislative framework governing merchant shipping sector in India and streamline the processes and procedures in the shipping sector. “The Ministry of Shipping has decided to rescind thirteen rules under the Merchant Shipping Act, 1958 (as amended), having found them to be obsolete and unnecessary,” an official statement said. Thirteen separate notifications for rescinding the above rules have been sent for publication in the Gazette of India Extraordinary.

India's Ministry of Shipping has chalked out a plan to raise a trillion India Rupees to develop ports, build ships and improve inland waterways, says a report in the Business Standard. The money will help the shipping ministry, which floated the proposal, help finance port and maritime-related infrastructure projects. The amount would be raised in the dollar equivalent at an interest of three per cent. For, the government may set up a dedicated company by pooling the future income of the 12 ports it directly owns. The company set up specifically for this purpose—a special purpose vehicle or SPV—will leverage the pooled income of the dollar receivables of the 12 ports to borrow from overseas insurance and pension funds which seek good returns for their capital.

Mr Nitin Gadkari, India's Union Minister of Shipping, Road Transport & Highways earnestly believes that social media has an important role to play in the task of nation-building in Worlds' biggest democracy. Ministry of Shipping is now on Twitter. This will act as an effective tool of two-way communication between the Ministry and people of India. “Ministry of Shipping” can be followed on @shipmin_india.

Thrane & Thrane said that the company’s mini-C solution for Ship Security Alert System (SSAS), the TT-3000SSA Capsat® Ship Security Alert, has received five new type approvals by the following classification societies: American Bureau of Shipping (ABS); Chinese Classification Society (CCS); Germanischer Lloyds (GL); Government of India Ministry of Shipping; and Polski Rejestr Statkow (PRS). Thrane & Thrane has earlier received type approvals by Lloyd’s Register EMEA as well as Inmarsat.