Lok Sabha Passes Key Maritime Bill to Boost Ease of Doing Business
PORTS & SHIPPING

Lok Sabha Passes Key Maritime Bill to Boost Ease of Doing Business

The Lok Sabha has passed the ‘Carriage of Goods by Sea Bill, 2024’, marking a key reform aimed at modernising India’s maritime legal framework and improving Ease of Doing Business (EODB) in the shipping sector. Introduced by the Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, the new legislation replaces the outdated ‘Carriage of Goods by Sea Act, 1925’, which was based on the century-old Hague Rules. The old act was criticised for its complex language and limited applicability in today’s commercial environment.

The updated bill simplifies the legal language, making it more accessible to exporters, importers, and shipping professionals. It aligns maritime regulations with contemporary commercial practices, minimising ambiguities and reducing the scope for legal disputes. The legislation empowers the government to respond quickly to international maritime conventions, while ensuring parliamentary oversight on executive actions. The repeal of the 1925 Act represents a clear move away from colonial legal systems, reinforcing India’s commitment to building a modern and efficient maritime ecosystem.

Alongside this, the Indian Ports Bill, 2025, was introduced to consolidate laws related to port governance and promote integrated development of India’s vast coastline. The bill seeks to empower State Maritime Boards and establish the Maritime State Development Council, ensuring effective management of non-major ports and fostering structured port development.

The Indian Ports Bill also addresses critical aspects like safety, security, pollution control, disaster response, and navigation. It includes provisions for environmental sustainability, compliance with international maritime conventions, and the establishment of adjudicatory mechanisms to resolve port-related disputes. Together, these legislative reforms aim to transform India’s maritime infrastructure, improve efficiency, and elevate the country’s position in global maritime trade.

The Lok Sabha has passed the ‘Carriage of Goods by Sea Bill, 2024’, marking a key reform aimed at modernising India’s maritime legal framework and improving Ease of Doing Business (EODB) in the shipping sector. Introduced by the Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, the new legislation replaces the outdated ‘Carriage of Goods by Sea Act, 1925’, which was based on the century-old Hague Rules. The old act was criticised for its complex language and limited applicability in today’s commercial environment. The updated bill simplifies the legal language, making it more accessible to exporters, importers, and shipping professionals. It aligns maritime regulations with contemporary commercial practices, minimising ambiguities and reducing the scope for legal disputes. The legislation empowers the government to respond quickly to international maritime conventions, while ensuring parliamentary oversight on executive actions. The repeal of the 1925 Act represents a clear move away from colonial legal systems, reinforcing India’s commitment to building a modern and efficient maritime ecosystem. Alongside this, the Indian Ports Bill, 2025, was introduced to consolidate laws related to port governance and promote integrated development of India’s vast coastline. The bill seeks to empower State Maritime Boards and establish the Maritime State Development Council, ensuring effective management of non-major ports and fostering structured port development. The Indian Ports Bill also addresses critical aspects like safety, security, pollution control, disaster response, and navigation. It includes provisions for environmental sustainability, compliance with international maritime conventions, and the establishment of adjudicatory mechanisms to resolve port-related disputes. Together, these legislative reforms aim to transform India’s maritime infrastructure, improve efficiency, and elevate the country’s position in global maritime trade.

Next Story
Infrastructure Urban

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Next Story
Infrastructure Energy

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Next Story
Infrastructure Urban

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement