Page 2 - Shipping Ministry

Recycling units to lose Rs 22,000 cr as demurrage and detention costs soar

Shipping lines and container freight stations ignore official directives calling for a waiver on these charges

About 40,000 Indian seafarers stranded across globe due to lockdown

NUSI, MUI and MASSA said that they have raised the issue with the Shipping Ministry, which has assured to extend all possible help for the return of these seafarers after the lockdown is lifted.

Shipping Ministry protocol for vessels to hurt cement industry importers

According to the protocol rolled out over the weekend by the ministry, vessels arriving at Indian ports from infected countries within 14 days have to be quarantined for 14 more days.

Shipping ministry sets 3 deadlines for development, modernisation of ports

The projects that have the necessary regulatory approvals in place would be tendered in the next 100 days

Shipping ministry seeks Rs 23.5 billion to fund inland waterway projects

The allocation for FY19 was Rs 18.81 billion. Of this, nearly one-fourth or Rs 5.08 billion was earmarked for implementation of such inland waterway projects

Shipping ministry seeks govt nod for maritime fund

Ministry of Shipping has sought approval for setting up a Maritime Development Fund which will meet the financing needs of the entire maritime sector including shipbuilding. This is in line with the government's aim to promote the domestic shipbuilding industry. According to sources, this is part of the long term solutions suggested by the shipping ministry to support and promote domestic shipbuilding industry.The central government is also of the view that shipyards should be allowed to access external commercial borrowing by the Reserve Bank of India for working capital under automatic route for raising fresh working capital as well as refinancing of the outstanding working capital loans drawn from domestic commercial banks. The ministry has also suggested that the government or PSUs which are ordering ships for commercial use should offer right of first refusal policy to Indian companies so that they can match the lowest price offered by a foreign company. Also to make financing ..

Shipping Ministry policy on location of greenfield ports soon

The policy would be useful to resolve issues such as those that developed the Centre decided to set up a major port in Tamil Nadu