Maritime News and Latest Trends
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Union Minister of Shipping, Shri G.K. Vasan dedicated to the nation the Automatic Identification System (AIS) Network today in Chennai at an estimated cost of Rs. 132 crore. It is a set up connecting 74 AIS sensors installed on lighthouses along the entire coastline. The system will be able to track vessels up to a [...]
The Union Minister of Shipping, Shri G.K. Vasan has informed the Lok Sabha today in a written reply to a question that the Government has decided to upgrade the security by installing Radio Active Detectors in all the major ports.
During 11th Five Year Plan period for development of Port Infrastructure at Major Ports, an investment of around Rs. 5566 crores has been made and a capacity addition of 185.08 Million Metric Tonnes Per Annum has been achieved.
During the last three years, 93 merchant ships registered in India met with accidents.
In Major Ports such as Chennai, V.O. Chidambaranar, Cochin, New Mangalore, Mumbai and Mormugao Port, where cruise ships/passenger ships make a call, the disembarkation facility is available as per international standards.
The Ministry of Shipping has submitted a detailed Memorandum to the Ministry of Finance underlying the need for grant of various direct/indirect tax incentives for the growth of the Maritime Sector.
The Government has initiated several facilitative measures for the Indian shipping sector in order to make the shipping industry more attractive and competitive.
