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    • A deep dive to generate maritime momentum

      Coastal Shipping Bill and two other proposed legislations to help India harness sea power to enhance commercial activities

    • Coastal Shipping Bill may get Cabinet's nod today, SCI, GE Shipping shares surge

      Shares of Shipping Corporation and GE Shipping were sharply higher after the news report, which could pave the way for measures to improve traffic at major ports, it is leant.

    • Explained | What is Inland Vessels Bill 2021 and how does it benefit the country?

      The government expects the new law to remove bottlenecks for vessel movement within the country but experts say that while this would benefit MSMEs, Indian waterways need to be developed further and made navigable throughout the year for proper industrial use

    • Govt taking measures to promote coastal shipping: Pon Radhakrishnan

      Minister of State for Shipping Pon Radhakrishnan, in a written reply to the Lok Sabha, said that automobile manufacturers are also encouraged to use coastal shipping for transportation of vehicles.

    • Coastal shipping of coal to double to 63MT in 6 years: CRISIL

      "Crisil Research estimates coastal transportation of coal to increase to 63 million tonne per annum (MTPA) by fiscal 2023, from 32 MTPA as of fiscal 2017 as structural bottlenecks ease," it said in a statement.

    • Top cos can shift 40% steel movement to coastal shipping: Govt

      Promoting coastal shipping of just six commodities, including coal, cement and steel, could result in a huge Rs 40,000 crore annual savings, according to the ambitious Sagarmala programme, which emphasises on port-led development of the country.

    • Govt to increase shipping share in cargo mix to 10% by 2020

      "The government envisions increasing the share of coastal shipping in modal cargo mix to 10 percent by 2020 from the current share so as to reduce the over-dependence on road and rail sectors for domestic cargo transportation," Minister of State for Shipping Pon Radhakrishnan told Rajya Sabha in a written reply today.

    • Odisha to have 10% stake in Rs 4,500 cr coastal rail project

      In what could provide a big push to coastal shipping, Odisha government has confirmed 10 percent equity participation in an SPV to be formed for the development of a Rs 4,500-crore heavy haul rail corridor from Salegaon to Paradip

    • Special cell to promote coastal shipping: Gadkari

      To promote coastal shipping in the country and boost trade, the government today announced setting up a special shipping cell to address issues impeding the growth potential of the sector.

    • Govt eyes Rs 25k cr annual savings through coastal shipping

      Government is eyeing annual savings of Rs 25,000 crore on logistics costs by 2025 by promoting coastal shipping under its ambitious Sagarmala project.

    • All India Exporters` Chamber Celebrates its Platinum Jubilee

      The All India Exporters’ Chamber celebrated its Platinum Jubilee today at Hotel Taj Mahal in the august presence of its past Presidents and the ...

    • Govt to set up low-cost non-major ports to boost trade

      To boost coastal shipping, the government has asked all the 12 major ports to accord priority berthing to such vessels and facilitate faster movement of cargo, as a short-term measure.

    • Allcargo acquires two addl vessels, no of cargo ships now 5

      "Post this acquisition, Allcargo now owns a total of five cargo vessels making it one of the largest players in the logistics industry," the company said in a statement without disclosing the financial consideration for acquisition.

    • New govt policy to promote coastal shipping in the works

      The government is working on a new policy to promote coastal shipping in the country, reports Hindu Business Line, quoting Shipping minister GK Vasan.

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