New Delhi, May 13 (IANS) A tripartite memorandum of understanding (MoU) to develop India’s first mega greenfield shipyard at Thoothukudi was signed, envisaging a 2.5 million gross tonnage (GT) capacity and around 15,000 direct jobs, an official statement said on Wednesday. The statement from the Ministry of Ports, Shipping and Waterways said the MoU was signed between HD Korea Shipbuilding & Offshore Engineering (HD KSOE), National Shipbuilding & Heavy Industries Park, Tamil Nadu (NSHI…
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Mumbai, Feb 6 (IANS) The government’s efforts for a new domestic container shipping line, namely Bharat Container Shipping Line (BCSL), aims to reduce India’s dependence on foreign carriers and drive job growth and the economy, a new report has said.The government oversaw the formal signing of agreements earlier this week, setting out the plans for Bharat Container Shipping Line (BCSL). A report in The Maritime Executive said the government plans to order 15 domestically-built containerships i…
New Delhi, Jan 1 (IANS) The government has said that Sagarmala Finance Corporation Limited (SMFCL), India’s first maritime focused non-banking financial company (NBFC), commenced its lending operations and approved loan sanctions of about Rs 4,300 crore.With this, SMFCL has formally entered the maritime lending space in line with the strategy approved by its Board, said Ministry of Ports, Shipping and Waterways.“SMFCL’s entry into lending marks an important step in strengthening maritime i…