Rajesh Tandon News

“The Shipping Tribune Conclave 2014” held yesterday at Holiday Inn, Mumbai saw a significantly large participation of stalwarts and operators of the Shipping Industry. Issues which affecting the employment and employability of Indian Seafarers came into focus. Mr. S. Hajara, one of the wll-known names in the shipping industry while delivering the keynote address highlighted the contribution and achievements of Indian seafarers. Capt. Vinay Singh emphasized the need for more quality officers for seniors ranks while also highlighting that the time taken to pass the competency examinations by our officers and engineers at junior level is far more  as compared to officers appearing for examination overseas.

India loses about $12b each year because of higher transaction costs at its ports, according to MM Saggi, nautical adviser to the government of India. Saggi told an industry conference that the transaction costs at Indian ports is about 10 percent, compared to 6 percent in developed countries, owing to problems like large turnaround time, port congestion, inadequate use of information technology, a shortage of dredging capabilities, and a shortage of trained personnel. has 12 major ports that handled 519 million tonnes of cargo in the year ended March 2008, with 12 percent year-on-year growth, a study by Ernst & Young Pvt. Ltd. shows.