Maritime Bill to Propel India as Ship Recycling Leader
3 weeks, 5 days ago

Maritime Bill to Propel India as Ship Recycling Leader

Deccan Chronicle  

The Maritime Shipping Bill can help India surpass Bangladesh and secure the top slot in ship recycling. The weakness seen in Bangladesh’s ship dismantling sector too will support India.One of the key reforms proposed in Merchant Shipping Bill is simplifying vessel registration, including provisions for temporary registration of vessels being recycled. For seafarers, the Bill mandates certifications that comply with international standards and outlines welfare measures to enhance safety and competitiveness, said Ajay Srivastava, founder of GTRI.According to CareEdge, India's ship recycling industry is expected to grow to 3.8-4.2-million gross tonnage in 2025, as against an estimated 2.3-2.6-million GT in 2024. In the next two-three years we expect India to gain market share and surpass Bangladesh,” said Sajani Shah, Assistant Director at CareEdge.The ship recycling industry in India is expected to grow at compound annual growth rate of around 10 per cent in CY26-CY28.

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History of this topic

Govt plans incentives, ban on foreign vessels to boost local shipbuilding
2 months ago

Govt plans incentives, ban on foreign vessels to boost local shipbuilding

Live Mint  

New Delhi: The government is working on a plan to finance and develop shipbuilding infrastructure in the country on the lines of developed markets such South Korea and Japan to reduce reliance on foreign vessels and increase the country’s share in sea-borne trade. The Union shipping ministry is discussing a policy that will provide viability gap funding —or financial support …

Plastic mess: On India’s waste problem
5 months, 1 week ago

Plastic mess: On India’s waste problem

The Hindu  

India, like other large economies, faces a significant plastic waste problem. According to a 2020-21 report by the Central Pollution Control Board, four million tonnes of plastic waste are generated annually. Recyclers, who have networks to collect plastic waste, recycle the waste and receive validated certificates for each tonne recycled. Addressing the root causes of plastic waste and enhancing the …

World Environment Day: How Can India Learn From Bangladesh to Deal With Plastic?
1 year, 7 months ago

World Environment Day: How Can India Learn From Bangladesh to Deal With Plastic?

The Quint  

Third, we must promote the adoption of environmentally responsible and sustainable alternatives to single-use plastics. To do this, we must launch extensive public awareness programmes to inform people about the harm that plastic waste causes to the ecosystem. This will encourage people to adopt eco-friendly behaviours and limit their usage of single-use plastics, which will change their behaviour. Producing companies …

How India’s Waterways Can Carry its Freight and Reduce Carbon Emissions - News18
1 year, 7 months ago

How India’s Waterways Can Carry its Freight and Reduce Carbon Emissions - News18

News 18  

Can India’s massive maze of waterways move its freight, bring in more money and reduce carbon emissions? Additionally, the Union Ministry of Ports, Shipping and Waterways is working on a Rs 5,000 crore package to facilitate the construction of vessels for inland waterways ships to promote the “Make in India” initiative. Further, a recent Council on Energy, Environment and Water …

India rides the green wave as EU, US buy its clean ships
1 year, 8 months ago

India rides the green wave as EU, US buy its clean ships

Live Mint  

New Delhi: Like carrying coals to Newcastle, India has started supplying ‘green ships’ to traditional shipbuilding nations Norway, Germany and the US, boosting its ambition to become a global shipping hub. The issue has become critical since the global energy crisis caused by the Russia-Ukraine war, which has sparked renewed interest in making ’green ships’—vessels that typically run on less …

India said to offer incentives to boost shipbuilding industry
2 years, 1 month ago

India said to offer incentives to boost shipbuilding industry

The Hindu  

India plans to offer cash subsidies, lower taxes and other incentives to bolster its shipbuilding industry, two government sources said, as part of an effort to reduce the pain of high freight rates for the nation's manufacturers. The plans include subsidies so that at least 50 new vessels can be built, as well as granting "infrastructure status" to the industry …

Scarcity on high seas hurting India’s exports
3 years, 11 months ago

Scarcity on high seas hurting India’s exports

Live Mint  

MUMBAI : Abraham Tharakan, the chairman of Kochi-based Amalgam Group, is an unhappy man. The promoter of one of India’s largest seafood exporters has seen firsthand how the business—to pack shrimp and squid to the US and Chinese markets—has been throttled by an unprecedented shortage of shipping containers. A shipping line executive who is working at Nhava Sheva, which houses …

Ship Recycling capacity to double by 2024, generate 1.5 lakh jobs
3 years, 11 months ago

Ship Recycling capacity to double by 2024, generate 1.5 lakh jobs

India TV News  

Finance Minister Nirmala Sitharaman on Monday said ship recycling capacity will be doubled by 2024 and efforts are being made to bring more ships from Europe and Japan. Ports, Shipping and Waterways Minister Mansukh Mandaviya has recently said that India aspires to grab at least 50 per cent of the global ship recycling business. Post enactment of the Recycle Act, …

India eyes 60% share of global ship recycling business with a new legislation in place; would boost GDP contribution: Minister
5 years ago

India eyes 60% share of global ship recycling business with a new legislation in place; would boost GDP contribution: Minister

Firstpost  

The Recycling of Ships Act, 2019 ratifies the Hong Kong convention and facilitates environment-friendly recycling process of ships and adequate safety of the yard workers New Delhi: With new legislation in place, India eyes to garner at least 60 percent of the global ship recycling business and emerge as a key destination for recycling warships and other ships, according to …

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