shipbuilding industry

India to Offer Multiple Incentives To Bolster Shipbuilding Industry

Credit: famingjia inventor/ unsplash
  • India plans to offer cash subsidies, lower taxes and other incentives to bolster its shipbuilding industry.
  • It is a part of an effort to reduce the pain of high freight rates.
  • The plans include subsidies so that at least 50 new vessels can be built.

A 10 billion rupee ($123 million) maritime development fund is also likely to be established, they added, without providing further details.

Plan Unveiled

Finance Minister Nirmala Sitharaman is expected to announce...

https://mfame.guru/india-to-offer-multiple-incentives-to-bolster-shipbuilding-industry/

Inside the now-booming business of building container ships

ship order newbuild

In ocean shipping, present success often breeds future failure. Across the decades, freight-rate spikes have spurred newbuilding sprees, wiping out freight rates. Which brings us to today: Container freight rates are spiking and container-ship newbuild orders are surging at yards in China, South Korea and Japan. Is the ending of this story inevitable?

Not necessarily. There have been a very large number of orders in Q4 2020 and Q1 2021. Yet container shipping’s orderbook was historically low...

https://s29755.pcdn.co/news/inside-container-shippings-sudden-newbuild-ordering-spree

FreightWaves Classics: Port of Boston was America’s first seaport

A photo of Conley Terminal, part of the Port of Boston complex. (Photo: Port of Boston)

This is the first in an ongoing series of articles on U.S. ports.

America’s ports are a key part of the U.S. transportation network. According to the Bureau of Transportation Statistics, maritime vessels carry 53% and 38% of U.S. imports and exports, respectively, by value.

Among U.S. airports, seaports and border crossings, the Port of Boston ranked 69th in imports/exports at the end of 2020. While it is no longer among the nation’s busiest ports, it remains both an active and historic port.

Ameri...

https://www.freightwaves.com/news/freightwaves-classics:-port-of-boston-was-america