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Under the terms of the agreement, DNV will provide its expertise in sustainability assessment, risk management, and certification services to support Mumbai Port’s efforts to achieve its environmental goals.
The wage revision, which had been under discussion for several months, will affect workers across 12 major ports in India, including Mumbai, Chennai, and Kolkata. The new wage structure is expected to bring substantial financial relief to port workers, whose demands for better compensation have gained momentum amid rising living costs and inflation.
Industry experts have welcomed the government’s decision, noting that it aligns with India’s broader objective of becoming a global trade hub.
USC and Baku Shipyard are set to collaborate on constructing Project 19900M tankers, featuring advanced safety and automation, and capable of transporting various petroleum products.
The policy is also expected to address environmental concerns by promoting the use of green technologies and sustainable practices within the shipbuilding industry.
A new era dawns in China's shipbuilding as Liaoning Province unveils a cutting-edge LNG carrier, showcasing the nation's prowess.