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VESSEL OWNERSHIP REQUIREMENTS
Centre allows majority Indian-owned vessels to register as Indian ships under new Merchant Shipping ActThe Centre has allowed vessels majority-owned by Indian citizens and other eligible entities to qualify for registration as Indian vessels ...- Since 1950, Texas has run the Galveston-Port Bolivar ferry toll-free, 24 hours a day; its 18-minute crossing carries about 1.5 million vehicles each yearTransporting nearly five million passengers annually, the Galveston-Port Bolivar ferry has been operating toll-free since 1950. Initially e...
- Getaway to the UAE: Delhi roadshow charts India’s next leap into global marketsThe Delhi edition of the Gateway to the UAE Delhi Roadshow, hosted by Ajman Free Zone in partnership with The Economic Times and Times of I...
- India-China trade: The numbers behind the relationship as Xi visits DelhiChinese President Xi Jinping's visit highlights India-China trade's stark imbalance. India's imports from China vastly exceed its exports, ...
- Nuclear power expansion: India needs a clear financing strategyIndia's ambition for a 100 GW nuclear energy expansion by 2047 hinges on substantial private investments coupled with a well-defined risk-s...
- Govt approval mandatory for Adani stake transfer in Vizhinjam port: Kerala CMKerala Chief Minister V.D. Satheesan stated that Adani Ports requires state government approval to transfer its shares in the Vizhinjam Int...
- Ownership mandate in new Shipping Law may dampen GIFT city’s global ambitionsIndia is reviewing maritime laws, proposing a 51% Indian ownership rule for registered ships. This change could significantly affect ship l...
- No permission required to sail through Strait of Hormuz, says govt officialIndian vessels are sailing through the Strait of Hormuz without needing permission. A government official confirmed this freedom of navigat...
- Oil tanker rates to stay strong into 2026 as sanctions remove ships for hireDaily oil shipping rates have surged to three-year highs, driven by strong demand and a shrinking supply of available vessels. Nearly 44% o...
- Commodity vessels clog China ports as fee imposed on US shipsThis surge is attributed to geopolitical tensions between Beijing and Washington, leading to new fees on vessels with American links and im...
- Shadow fleet: How secret ships beat Western oil sanctionsFacing EU sanctions due to Rosneft's stake, India's Nayara Energy is reportedly utilizing a 'shadow fleet' to import oil and export refined...
- Parliament approves The Merchant Shipping Bill, 2025Parliament has given its approval to The Merchant Shipping Bill, 2025, which aims to broaden the criteria for owning merchant shipping vess...
- Lok Sabha passes Merchant Shipping (Amendment) BillThe Lok Sabha passed the Merchant Shipping Bill, 2024, amidst opposition protests, aiming to modernize maritime legislation and address Ind...
- Plan in works to merge coastal shipping with inland waterwaysUnder the new bill, Indian ships will not require separate licences. It will be presumed that they have got approvals when the vessel is re...
- 'We need to look beyond the flag of the ship': IFSCA chairperson K RajaramanShip leasing from GIFT City is drawing global attention as India aims to improve its modest 1.4% share of global shipping tonnage. Key comp...
- New shipbuilding scheme in the works; will incentivise Indian shipyards till 2035The Ministry of Ports, Shipping and Waterways (MoPSW) is developing a shipbuilding scheme to incentivize Indian shipyards until 2035. Ports...
- New bill proposes allowing foreigners to own upto 49% stake in vessels flagged in IndiaThe ports, shipping and waterways ministry has issued the draft Merchant Shipping Bill, 2020, making way for these changes.
- Govt proposes safeguards for Indians hired by foreign shipping cosUnder new rules cleared by the Union Cabinet, foreign carriers will be required deposit a bank guarantee of up to Rs 20 lakh with the Direc...
- GAIL extends LNG ship deadline by over one monthIn a notice, GAIL said the last date for bidding has been extended till December 4 from October 30 previously.
- Crisis spawns unity, rival nations scan South China Sea in hunt for MH370China and the US have sent missile frigates and destroyers to join the search, which a western diplomat described as "genuine and extremely...
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