India

Coronavirus negatively impacts Indian shipping and ports

While recovery of rates in the shipping segments was indicative of improvement in global trade environment, driven by some agreement on US-China trade issues, and the impact of IMO 2020 on tanker segments, the coronavirus outbreak has negatively affected many shipping sectors.

Chinese containers stranded at Indian ports

Following the coronavirus spread, thousands of containers reported to be stranded around Indian ports, since their cargo documentations which provide the details of the goods inside the container boxes are in the closed Chinese offices.

Portugal, India for National Maritime Heritage Complex

India along with Portugal shake their hands and inked an MoU for the development of the National Maritime Heritage Complex (NMHC) at Lothal, Gujarat. Namely, the agreement was signed from the President of Portugal H.E.Mr Marcelo Rebelo de Sousa and the Minister of National Defense of Portugal, Shri Mansukh Mandaviya.

Sea cargo manifest and transhipment regulations to apply in India

The Indian Customs’ new Sea Cargo Manifest and Transhipment Regulations (SCMTR) will be implemented on 16 February 2020. The new regulation will bring changes in timelines and requirements for advance notice by vessels arriving in India and exports through ships out of India.

Watch: India’s four steps to become a shipping force

India is moving towards a development, investing heavily in the expansion of its naval and air power across the Indian Ocean, based on its aspiration to enhance the maritime domain awareness and maritime security and New Delhi’s growing anxieties about Chinese inroads in its strategic backyard.

Port of Rotterdam expands its relations with India

Port of Rotterdam will sign two Memorandums of Understanding (MoUs) with India, appointed an office and also supported the establishment of a maritime university that will partner with Rotterdam’s institutions, marking the port’s joint initiatives with Indian parties.

Hapag Lloyd launches Indian Ocean-EU service line

Hapag-Lloyd announced its plan to boost its position in the Indian Ocean by launching a new service to connect the region to Northern Europe. The South-East-India – Europe Express service line will launch in October 2019.

Indian Register of Shipping takes the helm of IACS

The IACS Council held its 79th session (C79) in Busan, South Korea, last week, where it marked the conclusion of the Korean Register’s Chairmanship. From 1st July 2019, Mr. Arun Sharma, Executive Chairman of the Indian Register of Shipping, took the helm of IACS. 

India signs MoU with Maldives for passenger and cargo lines

The Union Council of Ministers of India has given approval for the MoU between India and Maldives for the establishment of passenger and cargo services by sea, which was signed on June 8, 2019 during the visit of Prime Minister of India to Maldives.

maritime events