Coastal Shipping

US tariffs' fallout: Inter-ministerial panel formed to monitor imports

This is because the United States (US) has imposed higher reciprocal tariffs on these countries as compared to the 26 per cent tariff it plans to impose on India

LS clears Coastal Shipping Bill 2024 to boost maritime trade: Sonowal

The Lok Sabha passed the Coastal Shipping Bill, 2024, paving the way for a dedicated legal framework for coastal trade as the maritime sector aims to provide a economical, reliable and sustainable mode of transportation as it decongest road and rail network."The Bill seeks to unlock the full potential of India's vast and strategic coastline, providing dedicated legal framework for coastal trade," asserted Sarbananda Sonowal, the Union Minister of Ports, Shipping & Waterways (MoPSW) as he introduced the bill in the Lower House earlier in the day.The Coastal Shipping Bill, 2024 aims to make coastal trade easier, more competitive, and better integrated with Prime Minister Narendra Modi Govt's overall transport vision -- the National Logistics Policy. With its manifold forward looking provisions, the bill provides a future ready legal framework while upgrading the dated provision of earlier legislations like Merchant Shipping Act, 1958. The proposed bill introduces key provisions ...

Govt moves Bill to remove licence need for Indian coastal shippers

Opposition claims bill promotes centralisation of power

Sarbananda Sonowal to move Coastal Shipping Bill in Lok Sabha today

The bill will be moved to consolidate and amend the law relating to regulation of coastal shipping to encourage the trade and ensure that the country is equipped with a coastal fleet

Govt introduces Coastal Shipping Bill in Lok Sabha amid noisy protests

A Bill that seeks to promote coastal trade and encourage the participation of Indian-flagged vessels owned and operated by Indian citizens for national security and commercial needs was introduced in the Lok Sabha on Monday. Union minister Sarbananda Sonowal introduced the Bill amid noisy protests by opposition members over the recent violence in Uttar Pradesh's Sambhal and the Adani issue. Sandhya Ray, who was chairing the proceedings, asked Congress members Manish Tewari and Gaurav Gogoi to speak but they refused, saying that the House was not in order. Opposition members are allowed to speak on Bills if they wish to oppose it at the introduction stage itself. The Coastal Shipping Bill, 2024, was later introduced following a voice vote amid the din. The Bill is among the five new measures planned for introduction by the government in the ongoing Winter Session of Parliament.

Major port cargo contracts 3.2% to 68 mt in October, shows govt data

Overseas cargo handled by these ports decreased by 5.5% to 52.9 mmt during the month

Indian coastal vessels may not need trading licence for operations

Coastal Shipping Bill, 2024, gets Cabinet nod; foreign vessel rules from 2018 proposed to be revoked

Centre releases draft guidelines on deregulating PPP port tariffs

Competition in ports sector has seen major shift, regulation no longer necessary, says Shipmin

Shipbuilders from Japan, Korea keen to invest here: Sarbananda Sonowal

Sonowal says coastal states to soon have own shipbuilding policies

Centre in talks with coastal states on shipbuilding clusters in India

New maritime arbitration centre, policy think tank to be set up, says ministry

From 2030, only India-made ships likely in coastal, inland waterways ops

Govt to come up with new shipbuilding policy as part of 100-day plan

Chinese, Japanese coast guard ships in standoff near disputed islands

The islands, referred to as the Senkakus in Japan and the Diaoyus in China, are claimed by both countries

India's P&I club for coastal shipping likely to start on domestic waters

Overseas marine insurance covers amounts running into billions of dollars, which India's entity would not be able to undertake initially

SAIL Chhattisgarh arm makes special rods for Mumbai coastal road project

For developing the new product, steel melting shop III produced the required heat with rich chemistry of carbon and manganese, the spokesperson said

States, industry snub govt ports for private ones in coastal shipping

Between April and August, coastal cargo handled at state-owned ports increased by 1.3%, while it rose 21% at private ports

UN chief urges maritime nations to chart net zero shipping emissions plan

The head of the United Nations called Monday for maritime nations to agree on a course for the shipping industry to reduce its climate-harming emissions to net zero by the middle of the century at the latest. The appeal by UN Secretary-General Antonio Guterres came at the start of a meeting of the International Maritime Organisation in London that's seen as key for helping achieve the international goal of limiting global warming to 1.5 degrees Celsius (2.7 Fahrenheit). Shipping, which accounts for almost 3 per cent of global emissions, will be vital, Guterres said. He urged delegates to agree a new greenhouse gas strategy for shipping that includes ambitious science-based targets starting in 2030 both on absolute emissions reductions and the use of clean fuels. The IMO's current target is for the shipping industry to cut its emissions by at least half from 2008 to 2050. Guterres said the new targets should include all greenhouse gas emissions caused by the industry and backed th

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Centre likely to identify five coastal shipping projects for PPP in FY24

The aim is to connect vital, high-demand economic areas which have an infrastructure deficit or traditional transport like roadways and railways that have reached saturation

After budget announcement, Centre to revise guidelines for coastal ferries

Coastal shipping is an important cog in the Centre's larger plan to meet its net-zero carbon emission targets

Centre okays GSI's bid to purchase 2 coastal vessels worth Rs 245.07 cr

The Centre on Thursday said it has given its go-ahead to a proposal by the Geological Survey of India (GSI) to purchase two coastal vessels costing Rs 245.07 crore. The induction of these vessels will increase the exploration activities of GSI in the marine sphere which has huge resources of heavy minerals within the territorial waters of the east and west coast of the country, it added. "The Ministry of Mines has approved the proposal of the Geological Survey of India to procure two coastal vessels as a replacement to the existing vessels here today. The project is at an estimated cost of Rs 245.07 crore," according to an official statement. The proposed vessels are planned to go further beyond the territorial waters for collecting baseline data as well as identifying mineral potential areas.