Shipping Industry
Panch Karma Sankalp
In a significant development towards sustainable maritime practices, Sarbananda Sonowal, the Union Minister of Ports, Shipping & Waterways and Ayush, made five major announcements focusing on green shipping and digitization of ports. These announcements were made during the ministry’s second ..
Month: Current Affairs - May, 2023
Category: India Nation & States Current Affairs
Shipbuilding Financial Assistance (SBFA)
India has taken a significant step towards promoting its maritime sector by revamping the ship building subsidy scheme. The scheme aims to provide subsidies for vessels used in offshore wind energy projects and undersea cable laying, with the objective of ..
Month: Current Affairs - May, 2023
Category: Government Schemes Current Affairs
Shipping Ministry Marine Logistics Portal
The Government of India launched the PM Gati Shakti National Master Plan to increase the execution time of infrastructure projects in India. To achieve this in the shipping industry, the ministry recently launched the Marine Logistics Portal. The portal will ..
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs
National Centre of Excellence for Green Port & Shipping
India’s first National Centre of Excellence for Green Port & Shipping (NCoEGPS) was announced by the Union Minister of Ports, Shipping and Waterways. What is NCoEGPS? National Centre of Excellence for Green Port & Shipping (NCoEGPS) is a major initiative ..
Month: Current Affairs – November, 2022
Category: Environment Current Affairs • India Nation & States Current Affairs
Lower Water Levels in Rhine River
Amid the unusual hot and dry weather, water levels in the Rhine River have lowered down. Low water level is making it difficult for vessels to navigate through critical European shipping route when fully loaded. Rhine River is an important ..
Month: Current Affairs - August, 2022
Category: International / World Current Affairs
Cabinet approves Rs1,624-cr subsidy for Shipping Companies
Union Cabinet has approved a scheme to provide Rs 1,624 crore as subsidy to Indian shipping companies. Highlights Subsidy will be provided for over five years. Global tenders for this scheme were floated by ministries and central public sector enterprises ..
Month: Current Affairs - July, 2021
1 trillion USD required to achieve UN’s Decarbonization Target of Shipping Industry
The United Nations had set the target of reducing carbon emissions from shipping industry by 50% by 2050 as compared to the levels in 2008. A study of London based Energy Institute (University College London’s Energy Institute) suggest that in ..
Month: Current Affairs - January, 2020
Cabinet approves Recycling of Ships bill, 2019
The Union Cabinet on 20th November, 2019 approved the proposal for enactment of Recycling of Ships bill, 2019. It also nodded to the Hong Kong International Convention for safe and environment sound recycling of ships. Background India is one of ..