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India: Govt considers creating bank with $13.7 bn equity to fund roads, ports
The Centre is considering a proposal to create a bank to help fund port, road and power projects as Prime Minister Narendra Modi's administration aims to lift Asia's third-largest economy out of the recession.
The new entity, likely to be part of the Budget announcement in February, may have an equity capital of Rs 1 trillion ($13.7 billion), people with knowledge of the matter said, asking not to be identified as the matter isn't public.Posted On:7-Jan-2021
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India stands ready to enhance Sri Lanka"s capabilities to meet maritime, security challenges: Jaishankar
External Affairs Minister S Jaishankar on Wednesday said that COVID-19 has not dented the bilateral cooperation between India and Sri Lanka and given an opportunity to work even more closely together.
Addressing a joint press conference with his Sri Lankan counterpart Dinesh Gunawardena, Jaishankar said India stands ready "to enhance Sri Lanka's capabilities to meet growing maritime and security challenges".Posted On:7-Jan-2021
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France calls on Iran to release South Korean tanker.
France on Wednesday condemned Iran s seizure of a South Korean tanker in strategic Gulf waters and called for the vessel s immediate release. "This incident is fueling tensions in the region," the French foreign ministry said in a statement. "France calls for the immediate release of the ship and its crew," it added, stressing the need to preserve the freedom of navigation.Posted On:7-Jan-2021
Credits: www.thejakartapost.com |
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Maritime union calls on Australia to immediately designate seafarers key workers
The Maritime Union of Australia (MUA) described as "notable" the omission of Australia among 45 IMO member states that have determined seafarers to be key workers.
International Transport Workers Federation (ITF) president and MUA national secretary Paddy Crumlin said: "Australia must act immediately to align itself with international efforts, led by organisations like the IMO and ITF, to designate seafarers as key workers providing an essential service, and facilitate the safe and unhindered movement of seafarers for embarking and disembarking a vessel, accessing shore leave, and when necessary, access to shore-based medical treatment.Posted On:7-Jan-2021
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USA: Feds Issue Recommendations for Maritime Cybersecurity
The White House has released cybersecurity guidance for securing the Maritime Transportation System (MTS), which operates along 25,000 miles of coastal and inland waterways in the United States.
The document points out that the MTS encompasses "361 ports, 124 shipyards, more than 3,500 maritime facilities, 20,000 bridges, 50,000 Federal aids to navigation, and 95,000 miles of shoreline that interconnect with critical highways, railways, airports and pipelines."Posted On:7-Jan-2021
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Indian Seafarer Stranded in China Attempts Suicide
What began as a trade war between China and India has escalated into a humanitarian crisis. The dispute has caused some 39 Indian seafarers to be stranded in Chinese waters for months now, driving one seafarer to slash his wrists after he was denied permission to return to India to look after his ailing wife and two sons, who have been diagnosed with Covid-19.Posted On:7-Jan-2021
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Indian Thermal coal imports at major ports fall 16% to 55 MT in Apr-Dec: Body
Disruptions caused by the COVID-19 pandemic continued to impact cargo movement in India with thermal coal imports at 12 major ports declining 16.43 per cent year-on-year to 55.16 million tonnes in April-December 2020 period, according to ports body IPA.
Coking coal handling dropped by 12.13 per cent to 36.96 MT during the April-December period of the current fiscal.Posted On:7-Jan-2021
Credits: www.bunkerportsnews.com |
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