Cargo Shipping Current Affairs, GK & News

Cabinet approves to set up Vardhavan port in Maharashtra

On February 5, 2020, the Union Cabinet approved to set up the Vardhavan port in Maharashtra. The port is to be developed in “Landlord Model”. The Jawaharlal Nehru Port Trust will act as the lead partner in developing the port. Highlights With the development of Vardhavan port, India will enter into the category of countries ..

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India, Bangladesh sign SOP for operationalising Agreement on Coastal Shipping

India and Bangladesh have signed the Standard Operating Procedure (SOP) for operationalising the Agreement on Coastal Shipping between both countries. The agreement was signed in June 2015 in order to improve the bilateral trade by reducing the logistic costs of EXIM transport. Key facts of SOP The SOP has been framed as per the terms ..

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Union Cabinet gave nod to decentralise chartering arrangements to empower PSUs

Union Cabinet in order to empower state government and Public Sector Undertakings (PSUs) has approved to decentralise existing chartering arrangements for cargo shipping. In other words the leasing of cargo ships and its arrangements will be done directly by Centre and State PSUs without any interference by Ministry of Shipping. This decision to hand over direct ..

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