Government Considers Law Amendment for Ship Mortgaging
PORTS & SHIPPING

Government Considers Law Amendment for Ship Mortgaging

The Indian government is considering amending existing laws to allow ships to be used as collateral for securing loans.

This initiative aims to strengthen the maritime finance sector, offering shipping companies more flexibility in raising funds.

By enabling ship mortgaging, the government seeks to boost financial accessibility and stimulate growth within the shipping industry.

This reform aligns with the broader objective of enhancing India's shipping capabilities and fostering economic growth.

The proposal is part of a multi-pronged strategy to improve the overall financial ecosystem supporting India's maritime sector.

The Indian government is considering amending existing laws to allow ships to be used as collateral for securing loans. This initiative aims to strengthen the maritime finance sector, offering shipping companies more flexibility in raising funds. By enabling ship mortgaging, the government seeks to boost financial accessibility and stimulate growth within the shipping industry. This reform aligns with the broader objective of enhancing India's shipping capabilities and fostering economic growth. The proposal is part of a multi-pronged strategy to improve the overall financial ecosystem supporting India's maritime sector.

Next Story
Infrastructure Energy

Shree Cement Sources Over 60 Per Cent Power From Renewables

Shree Cement has reached a significant sustainability milestone by sourcing over 60 per cent of its total power needs from renewable energy. With its renewable capacity now expanded to 582 MW, the company is setting new standards in environmentally friendly cement manufacturing.A recent highlight is the commissioning of a 60.3 MW solar power plant in Jodhpur, further strengthening Shree Cement’s commitment to clean energy. The company is aggressively investing in solar, wind, and waste heat recovery technologies across its production units as part of a climate-resilient strategy aimed at red..

Next Story
Infrastructure Transport

Etihad, STARLUX Codeshare Boosts Links Between Abu Dhabi and Northeast Asia

Etihad Airways has signed a strategic codeshare agreement with Taipei-based STARLUX Airlines, enhancing customer access to Northeast Asia and reinforcing Abu Dhabi’s role as a key gateway between East and West.Announced at the International Air Transport Association Annual General Meeting in New Delhi, the partnership allows Etihad customers seamless connections to important Japanese cities such as Nagoya, Sapporo, and Fukuoka via Taipei. Meanwhile, STARLUX passengers gain direct access to Etihad’s European network through Abu Dhabi.Etihad will launch daily flights between Abu Dhabi and Ta..

Next Story
Infrastructure Urban

Vedanta Aluminium Expands PwC Partnership to Boost Sustainability

Vedanta Aluminium has announced an expansion of its partnership with PwC India to enhance sustainability initiatives across its operations in Odisha and Chhattisgarh. Originally focused on biodiversity projects near Vedanta’s Jharsuguda smelter, the collaboration will now cover all operational regions and emphasise decarbonisation, water positivity, and biodiversity conservation.The move represents a significant effort to embed sustainability throughout Vedanta Aluminium’s entire value chain. In a statement, Chief Executive Officer Rajiv Kumar said the partnership “exemplifies our unwave..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?