Global Markets Ripe for US Marine Technologies
private) ports from 289 million tons to 1.2 billion tons in that same decade. India’s 12th Five-Year Plan (2012-2017) calls for about $28 billion to be invested in the port sector to include new terminals, inland water systems, upgrades of existing berths and modernization of operations. The Ministry of Shipping has also launched ‘Project Green Portswhich will help in making the major ports across India cleaner and greener. A major element of the initiative will require the latest in environmental and energy-related technologies. •Port development projects will also require marine technologies
HHI, HSL Ink Pact to Build Submarines
the order for construction of six submarines, which are estimated to cost a whopping Rs 60,000 crore ($10 billion), under Project 75 (I) of the ministry of defense. The consortium also gives the much-needed financial stability to HSL, which suffered a lot since it was shifted from Ministry of Shipping to Defense in February 2010 in recognition of its strategic location and proven experience. HSL was brought under MoD with the objective to build strategic vessels and warships for Navy. “Since HSL wants to be a part of the submarine manufacturing project by the navy,
Narottam Morarjee Institute of Shipping's Premises Get a Facelift
Narottam Morarjee Institute of Shipping (NMIS) held a simple ceremony yesterday to celebrate the upgradation of its premises in Mumbai and for having updated the study material in line with the latest developments. Set up in 1969 under the joint auspices of the Ministry of Shipping, government of India and the Indian Shipping Industry, the institute continues to be the only center in the country conducting a course in commercial shipping. The Director General of Shipping Gautam Chatterjee was the chief guest, the Chairman of JNPT, N.N. Kumar and the CMD of Shipping Corporation of India
February 2025
