Knowledge Marine & Engineering Works (KMEW) announced on December 23 that it has received formal approval from the Joint Commissioner of Income Tax, Mumbai, to transition to the Tonnage Tax Scheme under Section 115VP (3) of the Income Tax Act.

#kmew #shipping #ports #tax #incometaxact #mumbai

Jawaharlal Nehru Port Authority announced the appointment of Ravish Kumar Singh, IRTS, as the new Deputy Chairperson of the port. Singh assumed charge in the presence of senior officials and department heads.

#jnpa #ports #maritime #logistics #appointment #indianrailways #leadership #operations

India has been re-elected to the Council of the International Maritime Organisation in Category B with 154 of the 169 valid votes cast at the 34th IMO Assembly in London on November 28. This is the second consecutive time India has secured the highest tally in the category, which comprises countries with the largest interest in international seaborne trade.

#imo #india #maritime #elections #shipping #globaltrade #ports #policy #imocouncil

Singapore has been named the world’s leading container port in the first edition of the Leading Container Ports of the World report published by DNV and Menon Economics. Shanghai and Ningbo-Zhoushan ranked second and third, with Rotterdam and Busan completing the top five.

#ports #singapore #dnv #menoneconomics #container #ranking #shipping #trade

The government has appointed Gaurav Dayal, an experienced Indian Administrative Service (IAS) officer of the Uttar Pradesh cadre, as the new full-time Chairman of the Jawaharlal Nehru Port Authority (JNPA).

#jnpa #jawaharlalnehruportauthority #portinfrastructureindia #ias #ports #cargo