Shipbuilding sector

The National Maritime Day 2023 Celebrates India’s Sea Trade

Credits: Tom Fisk/ Pexels
  • The ship sailed from Mumbai to London. National Maritime Day is meant to appreciate the contribution of maritime trade to the growth of the Indian economy.
  • Prime Minister Narendra Modi announced the ‘Maritime India Vision 2030’ in November 2020 at the Maritime India Summit.
  • This day is considered to be very important for the maritime sector and it is observed annually to honour the history, ongoing development, and forward-looking vision.

National Maritime Day is...

https://mfame.guru/the-national-maritime-day-2023-celebrates-indias-sea-trade/

Covid 19 Coupled With Other Factors Stifle Shipbuilding Future

  • The global shipping industry is in the midst of one of its biggest changes in a generation after the imposition of stricter environmental rules.
  • Ship owners face paying more for cleaner fuel, retrofitting ships with pollution-reducing scrubbers or even ordering new vessels.
  • Covid-19 has compounded the uncertainty by upending supply chains and stalling trade flows.
  • Orders to buy ships plunge to a 20-year low due to uncertain over environmental regulations and the economic fallout from the...

https://mfame.guru/covid-19-and-capital-crunch-stifle-shipbuilding-future/