Search Result for : Maritime

The Dollar Business Bureau Union Minister of Shipping, Road Transport & Highways and Water Resources, River Development & Ganga Rejuvenation Nitin Gadkari said on Sunday that India and South Korea are set to strengthen their relations in the field of shipping and ports and will sign an agreement that will facilitate Indian seafarers to work on Korean ships. “The undertaking with the Republic of Korea for mutual recognition of Certificate of Competency (CoC) will be beneficial to both the countries as Korea is a large ship owning nation while India is a large seafaring nation with around 1,54,349 Indian seafarers,” the Minister said before leaving for Seoul. Gadkari will be on a four-day official visit to South Korea from April 9, 2018. “This agreement ...

The Dollar Business Bureau Adani Group on Monday signed an agreement with Malaysia’s MMC Ports with the possibility of setting up a multi-purpose port majorly to handle containers at the Carey Island of Malaysia. A memorandum of understanding (MoU) has been signed by Adani Ports with MMC Ports of Malaysia to conduct a feasibility study of Carey Island Port Project as an expansion of the Port Klang, which is presently the world’s 11th busiest container port. Besides, the two sides will have collaboration with Sime Darby Property, the subsidiary of Malaysian multinational Sime Darby Berhad, to conduct a feasibility study to develop an integrated maritime city that will support the new multi-purpose port. In a release to the press Karan Adani, CEO – APSEZ said, “Malaysia ...

The Dollar Business Qatar Navigation (Milaha), a maritime and logistics conglomerate based in Qatar, has signed an agreement with the Kandla International Container Terminal (KICT) in India, to start the first direct common carrier feeder service between Saudi Arabia and India. The frequency of the first-of-its-kind service will be weekly and will connect the Gujarat port of Kandla directly with Jebel Ali in Dubai, and Dammam and Jubail in Saudi Arabia. Commenting on the launch of the new service, Milaha’s President and CEO Mr. Abdulrahman Essa Al-Mannai said: “After our successful entry into the Indian market in March 2015 with the launch of the first direct service between Qatar and India, we have been exploring various options to further enhance our presence in ...

Sharath Chowdary The Maritime India Summit held in Mumbai last month, was met with a lot of enthusiasm by the cargo and logistics sector. The summit concluded with 141 business agreements for investments worth Rs.82,905 crore. These agreements will play a positive role in port led development to enhance the economic growth of the country. The Dollar Business Bureau had spoken to Praveen Somani (PS), Director, Inland World Logistics, one of the active participants in the summit. The excerpts of the exclusive interview are given below: TDB: Over 5000 delegates from across the world have participated in the three-day summit. How do you think this summit will help the country's ports and shipping companies? PS: Hosting the Maritime India Summit 2016 is a ...

 The Dollar Business Bureau    Setting “high level of ambition” for economic partnership, India and China on Friday signed 24 agreements worth US$ 10 billion. The agreements related to cooperation in railways, maritime development and other sectors were signed after a meeting between Prime Minister Narendra Modi and his Chinese counterpart Li Keqiang. Setting up a joint think-tank forum is also one of the key agreements signed between the two countries. Both the countries have agreed to remove impediments to bilateral trade and investment, facilitate greater market access to each other’s economies, and support local governments to strengthen trade and investment exchanges, a joint statement released by the two governments said. “We have set a high level of ambition for ...

The Dollar Business Bureau The government is all set to bring in a new law for merchant ships to protect marine ecology. It is likely to introduce the Merchant Shipping (Amendment) Bill, 2015 to check the negative impact of ballast water discharge by cargo ships on the coastal ecology. The Union Cabinet chaired by Prime Minister Narendra Modi, on Wednesday, gave its approval for the introduction of the Merchant Shipping (Amendment) Bill, 2015 and accession to the “International Convention for the Control and Management of Ships' Ballast Water and Sediments, 2004,” a government statement said. The Bill will be implemented once it is passed in both the houses of the parliament. According to the international maritime convention, all new ships ...