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News Update

21 Nov 2024

Minister Sudhangshu Das inaugurates world fisheries day

On World Fisheries Day, Tripura highlighted the significance of sustainable fisheries and protecting aquatic ecosystems. State Fisheries Minister Sudhangshu Das inaugurated the event in Agartala and announced the development of Tripura’s first integrated aqua park in Unakoti district, aimed at boosting fisheries and tourism. A Rs 100 Cr. project, with Rs 43 Cr. sanctioned by the central government, will support this initiative. The state faces a fish shortfall of 32,000 MT, prompting efforts to expand fisheries and enhance self-reliance in rural communities.

Minister Sudhangshu Das inaugurates world fisheries day

19 Nov 2024

DP World & SailGP announce new global smart logistics partnership

DP World and SailGP have formed a global logistics partnership, with DP World overseeing the transportation and delivery of SailGP's annual calendar across five continents. Utilizing its network of 115,000 employees in 78 countries, DP World will manage sea freight, courier services, and route optimization. Regional teams will provide on-the-ground support, while a UAE-based Control Tower Team offers 24/7 oversight. The partnership focuses on sustainability, with carbon-neutral logistics and race-by-race carbon tracking. DP World will also transport F50 catamarans, race equipment, and infrastructure, ensuring smooth operations throughout the season.

DP World & SailGP announce new global smart logistics partnership

18 Nov 2024

Indian Railways intends to establish exclusive container rail terminals

India is set to establish 23 exclusive container rail terminals to boost the flow of export-import (Exim) cargo, with private concessionaires offered favorable financial terms for developing these facilities for Indian Railways. The terminals will be located across key states, including Maharashtra, Tamil Nadu, Rajasthan, Delhi, Haryana, and others. Bulk cargo like coal and iron ore will be excluded from these terminals. New regulations also allow container storage at terminals, enabling freight terminal owners to benefit from higher volumes, thereby enhancing cargo handling efficiency across the country.

Indian Railways intends to establish exclusive container rail terminals

16 Nov 2024

Port of Salalah Looks to Gemini Network to Revive Traffic

Oman's Salalah Port is combating a 13% drop in throughput due to Houthi attacks by joining the Gemini Network, led by Maersk and Hapag-Lloyd. The network will enable Salalah to serve as a key hub for vessels avoiding the Suez Canal by using the Cape of Good Hope route. With additional terminal capacity and new supersized cranes set for delivery in early 2025, Salalah aims to handle 6 million TEU, well above the network's expected 3.7 million TEU. The port remains one of the world's most efficient, ranked second in the Container Port Performance Index.

Port of Salalah Looks to Gemini Network to Revive Traffic

16 Nov 2024

MoPSW preparing cabinet note on subsidy for green vessels

The MoPSW is finalizing a cabinet note that will provide a 25% subsidy for specialist vessels and up to 30% for green and highly specialized ships, as part of India's efforts to modernize its shipping industry. This new policy, expected to replace SBFAP 1.0, aims to boost shipbuilding, with financial aid tied to the vessel's price or fair value. The government plans to increase India's share of global shipbuilding from 5% to 7% by 2030, and 69% by 2047, supporting the growth of India’s blue economy and sustainable maritime sector.

MoPSW preparing cabinet note on subsidy for green vessels
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