BREAKING NEWS
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Rail Container Movement Picks Up at Vallarpadam ICTT after Years of Underutilisation
Viksit Bharat is not just a promise for its people, but a guarantee of a better world: PM Modi
The soaring cost of shipping is lifting the price of oil for consumers
IMarEST UAE Secretary sparks green revolution at IEC 2026
RINA: Paolo Moretti appointed Group Chief Executive Officer
Kerala Identifies 930 Acres for Logistics Infrastructure near Vizhinjam Port
Gadkari Says Green Hydrogen Will Power India’s Future Mobility and Industry
TCI Seaways Explores Dedicated Chennai–Ranong Shipping Service to Boost India–Thailand Trade
Centre Approves ₹430.68 Crore Dredging Subsidy for Kolkata Port
VOC Port Receives ISO 50001:2018 Energy Management Certification
Rail Container Movement Picks Up at Vallarpadam ICTT after Years of Underutilisation
Viksit Bharat is not just a promise for its people, but a guarantee of a better world: PM Modi
The soaring cost of shipping is lifting the price of oil for consumers
Centre waives Coastal Shipping Licence for Foreign Vessels Chartered by GIFT City IFSC Units
As per the notification issued by the Ministry of
Ports, Shipping and Waterways on 7 July 2026, this exemption has been
granted under Section 37 of the Coastal Shipping Act, 2025. Under this,
foreign vessels taken on charter by any entity established in the IFSC of GIFT
City will not be required to obtain a licence under Section 11 of the Act.
This decision of
the government is expected to boost maritime finance, ship leasing and related
international businesses operating in GIFT City. Also, simplifying the
chartering process for foreign vessels will help India’s IFSCs become more
competitive in the global maritime financial services
sector.
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