Page 6 - Maritime Sector

IMO to impose levy on shipping firms failing to cut down GHG emissions

The International Maritime Organisation will impose a levy on companies that fail to cut down greenhouse gas (GHG) emissions in the shipping industry, Secretary-General Kitack Lim said on Tuesday. During a media interaction on the sidelines of the Maritime Environment Protection Committee's (MEPC) 80th session here, Lim said that the committee had already adopted a decision regarding the financial levy last week. "We will work out the modalities and finalise them this week," Lim said, speaking at the IMO headquarters. He said the MEPC would also discuss and finalise modalities of the disbursement of the fund, adding that this economic measure is crucial to support the industry that might be adversely impacted while adopting a carbon-neutral goal. "We will have to use this fund in R&D to incentivise shipping companies and also to financially support the island nations and developing countries," the secretary-general said. Lim said that the IMO would do an impact assessment in its .

India, France, UAE begin maiden joint maritime exercise in the Gulf of Oman

The two-day maritime exercise will involve a wide range of naval operations, including surface warfare and helicopter cross-deck landing operations

India's ancient maritime journey to be recreated by 2025: Sanjeev Sanyal

The ship will be about 20-metre long, will have no GPS and would be similar to the ships made in ancient days when India had close connections with Southeast Asia via maritime trade, he said

Lothal complex represents resolve to celebrate India's maritime history: PM

Prime Minister Narendra Modi on Tuesday said the National Maritime Heritage Complex coming up at Lothal near here represents the country's resolve to celebrate its rich maritime history. The long period of slavery and indifference towards India's maritime strength made us forget about Lothal and Dholavira, and the complex will act as a centre for learning about and understanding India's diverse maritime history, he said. The prime minister was speaking after reviewing, through video conference, the construction of the complex. "Centuries ago, India's trade was spread over a large part of the globe. We had a relationship with all the civilisations of the world. India's maritime strength had a big role to play in this," Modi said. "The long period of slavery not only broke this capability of India, but with time, we Indians also became indifferent towards this. We forgot that we have great heritage like Lothal and Dholavira that were famous for maritime trade," he said. "We had gre

Govt to amend 114-year-old the Indian Ports Act, bring in reforms

Bill aims level-playing field for ports, new dispute resolution mechanism

Cochin Shipyard to invest Rs 50 cr in maritime startups: Sarbananda Sonowal

The Minister also unveiled the Start-up engagement framework of Cochin Shipyard Limited on the occasion of the inauguration of the Golden Jubilee celebrations of Cochin Shipyard Limited (CSL)

India, UK hold inaugural maritime dialogue, discuss Indo-Pacific

India and the UK held their inaugural maritime dialogue in a virtual format which involved exchanges on cooperation in the maritime domain and the Indo-Pacific, the Ministry of External Affairs said

India, Indonesia begin three-day naval exercise in Sunda Strait

India and Indonesia began a three-day mega naval wargame on Monday in the Sunda Strait, in reflection of their growing maritime cooperation

Govt may appoint National Maritime Security Coordinator to handle issues

The government is likely to appoint a National Maritime Security Coordinator to ensure cohesive and quicker decision making among multiple organisations that are handling maritime issues in India

The blue economy

Navy can assist in developing marine resources

Navy to hold mega defence exercise covering over 7,500 kms of coastline

The Indian Navy will kick-start on Tuesday a two-day multi-agency military exercise covering India's 7,516 km-long coastline, involving 13 coastal states and Union Territories

Shipping Minister launches dispute redressal mechanism for maritime sector

Union Minister Mansukh Mandaviya on Thursday launched a dispute redressal mechanism to facilitate affordable and timely resolution of disputes for the maritime sector

Rs 10,000 cr transshipment port at Great Nicobar Island on cards: PM

The 2,312-kilometer-long submarine optical fibre cable from Chennai to Andaman and Nicobar Islands, laid at a cost of Rs 1,224 crore, will provide "better and cheaper connectivity", he said

Booster shot for maritime sector: Govt plans to de-risk ports, enhance FDI

The vision includes building new ports to cater to the trade requirements, develop India as a Transshipment Hub and bring at least two ports in the world's top 10 rankings

Maiden 'Regional Maritime-Safety Conference' to focus on security, trade

The UNCTAD's '2017 Review Report' confirms that global merchandise trade conducted via the seas has been on the rise since 1975

India now building itself as a maritime power, says former US diplomat

India increasingly sees its role across the Indian Ocean as a "net provider of regional security"

More teeth to maritime sector as govt approves Rs 32,000 cr for Coast Guard

The plan is to make this aquatic-force a 175-ship and 110-aircraft force by 2022

Premvir Das: India's maritime dilemma

To develop credible maritime assets and capabilities, India should structure itself essentially as an Indian Ocean Region player, rather than seek a broader Asia-Pacific profile