Recycling of Ships Bill, 2019 becomes an act

January 2020

In a significant development, the Recycling of Ships Bill, 2019, for safe and environmentally sound recycling of ships became an act after receiving the President of India’s consent. In addition, the government has decided to […]

HPCL launched IMO-compliant low sulphur fuel

January 2020

Hindustan Petroleum Corporation Limited (HPCL) has launched International Maritime Organisation-compliant very low sulphur fuel oil (VLSFO) for the shipping industry. The first batch of VLSFO has already been produced in HPCL’s Visakhapatnam refinery in early […]

MoS approves Loktak inland waterways project

December 2019

The Ministry of Shipping has approved the implementation of the Loktak inland waterways improvement project in Manipur under the central sector scheme. The waterway project has been approved at a cost of Rs 255.8 million.

ChPT raises charges at the port

December 2019

The Chennai Port Trust has increased tariff rates by 36 per cent in stevedoring; 15-30 per cent in wharfage, storage and vessel-related charges, and about 50 per cent in demurrage. The increase in tariff rates […]

SFC appraises three projects in Maharashtra and West Bengal

December 2019

The Standing Committee on Finance has appraised the implementation of three port projects in Maharashtra and West Bengal. The three projects involve the development of Mumbai marina at Prince’s Dock on a design-build-finance-operate-transfer (DBFOT) basis […]

Recycling of Ships Bill, 2019, passed in Lok Sabha

December 2019

In a significant development, the Recycling of Ships Bill, 2019, for safe and environmentally sound recycling of ships has been passed by the Lok Sabha. The existing Shipbreaking Code (Revised), 2013, and the provisions of […]

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