Shipping, Road Transport and Highways Minister Nitin Gadkari has said that the Sagarmala project will fetch nearly Rs 12-15-lakh crore of capital investments. He estimated that the port-led development plan would generate direct and indirect employment for around two crore people and provide a huge fillip to the countryÂ’s economic growth
Category: Ports & Shipping
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We are constrained by our limited dredging capacity
The Inland Waterways Authority of India (IWAI) was set up in 1986. Since then till 2008, only five waterways could be declared as National Waterways. Work could be started on only three of them: National Waterway or NW-1 that is the Ganga National Waterway, NW-2 that is the Brahmaputra Waterway and NW-3 comprising the backwaters of Kerala.
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Shipshape Strategy
The Centre is preparing a multimodal transport hub plan to integrate roads, railways, air and water ports.
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Shipping ministry to procure LNG vessels
The ministry of shipping has signed a memorandum of understanding with the Inland Waterways Authority of India (IWAI) and Petronet LNG Ltd at the Maritime India Summit in April, with the objective of promoting the usage of LNG barges on National Waterway-1 on the river Ganga.
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SCI vessel to make first Iranian call since 2012
A Shipping Corporation of India (SCI) vessel will call at Iran in December after a four-year gap because of sanctions. It will deploy a suezmax for state-refiner Hindustan Petroleum Corp. Other Indian refiners including Bharat Petroleum Corp and Mangalore Refinery and Petrochemicals have also signed deals for Iranian oil.
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Ministry discusses new ports policy
The Shipping Ministry has held a consultation meeting with various stakeholders on the policy for ´award of waterfront and associated land to port dependent industries in major ports,´ an official statement said.
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Coastal shipping viable after demonetisation | Hyundai
Due to coastal shipping becoming economically viable after demonetisation, automajor Hyundai has decided to increase its monthly shipment through this mode. The Korean major has also said that demonetisation has led to ´less supply of trucks´ and coastal shipping is a ´blessing in disguise´ to meet the orders.
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India Approves New Shipping Act
The Merchant Shipping Bill 2016 has been approved by the Indian Cabinet following much deliberation.
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Shipping Ministry draws up master plan for Major Ports
To more than double IndiaÂ’s port cargo traffic under the Sagarmala programme by 2025, the Ministry of Shipping has prepared a detailed master plan for Major Ports.
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Sagarmala to save up to Rs.40,000 cr/year in costs
The government´s ambitious push to port-led development under the Sagarmala project will help in saving as much as Rs.40,000 crore annually in logistics costs by 2025.