India Clears Offshore Wind Development

By MarEx 2015-09-09 14:50:31

Indian Prime Minister Narendra Modi has announced that the nation will adopt offshore wind policies that will pave the way for development of offshore wind energy projects as well as research and development opportunities within India’s Exclusive Economic Zone extending 200 nautical miles from shore.

Modi has prioritized clean energy investment as India seeks to extend power to its rural communities and reduce pollution.

The new policies establish a framework of regulation for developers to begin planning projects, although the high cost of installing offshore turbines may limit production in the near future. “The development would help the country in moving forward towards attaining energy security and achievement of the National Action Plan on Climate Change targets,” the government said in a statement.

Currently, India has 23GW of onshore wind capacity and aims to produce 175GW of clean energy by 2022.

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India Clears Offshore Wind Development

By MarEx 2015-09-09 14:50:31

Indian Prime Minister Narendra Modi has announced that the nation will adopt offshore wind policies that will pave the way for development of offshore wind energy projects as well as research and development opportunities within India’s Exclusive Economic Zone extending 200 nautical miles from shore.

Modi has prioritized clean energy investment as India seeks to extend power to its rural communities and reduce pollution.

The new policies establish a framework of regulation for developers to begin planning projects, although the high cost of installing offshore turbines may limit production in the near future. “The development would help the country in moving forward towards attaining energy security and achievement of the National Action Plan on Climate Change targets,” the government said in a statement.

Currently, India has 23GW of onshore wind capacity and aims to produce 175GW of clean energy by 2022.

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India Investing In Coastal Shipping Infrastructure

By MarEx 2015-09-09 14:47:20

In an effort to boost coastal shipping and reduce wait times, the Indian government has announced that it will set up low-cost, non-major ports along its coastline under the Sagarmala Project.

India’s ports have struggled due to a lack of berthing facilities, which often forces vessels to spend inordinate amounts of time waiting to dock. As a short-term solution, the government has endeavored to prioritize expedited berthing procedures to facilitate the faster movement of cargoes.

“Waiting time at ports in India is significant and hampers the efficiency of vessel operations,” the Ministry of Shipping said in a statement . “It is estimated that coastal vessels in India spend about 70 percent of their time in ports and only 30 percent in actual voyage. Such delays render coastal shipping uncompetitive.”.

The Sagarmala Project is a customer-oriented initiative to increase efficiency by modernizing the port system. India hopes to drive economic development by expanding and optimizing its transportation assets (such as roads, inland waterways and coastal routes) in hopes of becoming a logistics hub.

In addition to strengthening infrastructure, the project also aims at simplifying procedures used at ports for cargo movement and promoting the use of electronic channels for information exchange, leading to quick, efficient, hassle-free and seamless cargo movement.

Despite its 4,300-mile coastline, India’s coastal shipping sector is still in its infancy with a fleet of about 700 ships that accounts for about ten percent of the nation’s total tonnage.

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Indonesia’s Shipping Strategy Includes 22 New Ports

By MarEx 2015-09-09 14:18:30

As part of President Joko Widodo’s ongoing plan to establish Indonesia as a global shipping hub, state-owned port operator Indonesia Port Corporations (IPC) has announced that it will build 22 ports in the next five years. According to officials, IPC is investing more than $3.5 billion in the project, which it is financing through a combination of internal cash flow and loans.

In May, IPC raised $1.6 billion, and the company also secured a $2.5 billion loan from several foreign banks. The company expects to raise another $1 billion before 2017 and to begin construction on the first eight ports, which will each have a capacity of 2.5 million TEUs, before the end of the year. The eight ports are expected to be operational by 2018.

On September 1, the Port of Rotterdam Authority signed a partnership agreement with IPC to begin development of the deepsea port Kuala Tanjung, which will be near the city of Medan on the Strait of Malacca.

The Malaccan Strait is one of the most important shipping routes in the world. President Widodo, who was elected in October 2014, has made strengthening the maritime sector a cornerstone of his policy to promote economic growth. Kuala Tanjung is one of the primary projects in Indonesia’s national maritime strategy.

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Russia Sends Ships, Aircrafts to Syria

By Reuters 2015-09-09 12:22:34

Russia has sent two tank landing ships and additional aircraft to Syria in the past day or so and has deployed a small number of naval infantry forces, U.S. officials said on Wednesday, in the latest signs of a military buildup that has put Washington on edge.

The two U.S. officials, who spoke to Reuters on condition of anonymity, said the intent of Russia’s military moves in Syria remained unclear. One of the officials said initial indications suggested the focus was on preparing an airfield near the port city of Latakia, a stronghold of Syrian President Bashar al-Assad.

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BIMCO anti-piracy appeal rejected

The shipping industry, which wants a crackdown on illegal fishing off Somalia because it is fuelling piracy, has been told that the EU Naval Force (EU NAVFOR) cannot help.
International shipping association BIMCO is now looking elsewhere for a solution to the problem .
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