Under the new bill, Indian ships will not require separate licences. It will be presumed that they have got approvals when the vessel is registered, Kumar said. It is expected that these changes will enable concerted regulation of trade activities, particularly by foreign flag vessels in India’s coastal waters, including in the country’s exclusive economic […]
Plan in works to merge coastal shipping with inland waterways
State ports plan a sea change in capacity, submit Rs 2 lakh cr expansion proposals to Centre
1 year ago
State government-controlled ports in India plan to invest over Rs 2 lakh crore to expand cargo handling capacity to 10,000 million tonnes annually by 2047. Gujarat aims to develop integrated port cities with Rs 1.5 lakh crore, while Andhra Pradesh plans Rs 50,000 crore investment by 2050, enhancing their existing and new port infrastructure.
India is set to offer nearly $2 billion in incentives to replace diesel-powered inland vessels with cleaner alternatives. The plan aims to cut emissions by one million tons annually, targeting half the fleet to be eco-friendly by 2030, with a full transition by 2045.
Government officials and industry stakeholders addressed liquidity challenges, taxation issues for Indian seafarers, and the need to shift commodity import contracts from CIF to FOB to boost the shipping sector. The discussions aim to increase India’s share in international trade amid rising shipping costs and export slowdowns.
Jawaharlal Nehru Port reported a 16.49% increase in container traffic with 596,790 TEUs handled in September 2024, compared to the previous year’s 512,316 TEUs. Total port traffic rose 6.14% to 7.38 million tons. The port attributes its consistent growth to efficient terminal operations aligned with international standards.
Shapoorji Pallonji Group is planning to merge SP Imperial Star and SP Port Maintenance, which hold Dharamtar and Gopalpur Ports. Dharamtar has been sold to JSW, while Gopalpur is being sold to Adani. The merger will follow Company Law Tribunal procedures, taking several months to finalize.
The National Logistics Policy, unveiled in September 2022, has set goals to optimise India’s logistics landscape. It has focused on increasing the share of railways in the freight movement (currently at 18 per cent) through the development of dedicated freight corridors (DFCs), improving road infrastructure, and expanding inland waterways.
India has significant potential to become a hub for green shipbuilding, an expert said. The government is focusing on alternative fuels and renewable energy. Investments and technology transfer from Japanese and Korean shipyards are encouraged. The aim is to upgrade shipyards and port infrastructure. India aims to be among the top shipbuilding nations by 2030 […]
India is set to allow private terminal operators at central government-administered ports more flexibility in tariff setting. New guidelines will enable public-private partnership (PPP) concessionaires to determine market-based tariffs, ensuring a uniform regime across major ports. This move aims to create a level playing field while safeguarding the Centre’s revenue and adhering to notified concessions.
India launched the Cruise Bharat Mission to expand cruise tourism over five years, planning 10 sea cruise terminals, 100 river cruise terminals, and five marinas. It aims to double cruise calls and passengers, enhance regional alliances, and increase sea and river cruise passengers significantly by 2029, propelling tourism and connectivity across the subcontinent.