Assam Petro-Chemicals signs MoU with DPA to set up 150 TPD e-Methanol Plant at Kandla Port (See 'Corp Brief') WB ranks India among top 5 in terms of private investment in infra (See 'Corp Brief') Survey: India should focus on application-based AI tools (See 'Corp Brief') FEMA - Statement recorded u/s 37 of FEMA did not amount to confession of criminal offence: HC (See 'Legal Desk') UNCTAD ranks India as leading economy in trade partner diversification (See 'Corp Brief') Manufacturing GVA grows by 7.72% in Q1 and 9.1% in Q2 (See 'Corp Brief') SEBI - In absence of explicit permission/exemption with respect to RFQ requirements, Noticee should have suspended its services if it was not feasible to engage large amounts of funds into working capital: SEBI (See 'Legal Desk') The Securities Markets Code, 2025: Strengthened Enforcement, Weakened Accountability? (See 'CORP EINSICHT') India far more urban in functional terms than official definitions: Survey (See 'Corp Brief') Economic Survey lays stress on swadeshi for strategic resilience (See 'Corp Brief') 5G services now available in over 99% districts (See 'Corp Brief') Survey asks States to focus on entrepreneurial policy making (See 'Corp Brief') Health insurance accounts for 41% of Gross Domestic Premium (See 'Corp Brief') IBC - NCLT can't decide title disputes over assets, including IPRs such as trademarks, unless they have direct & proximate nexus with insolvency resolution process: SC (See 'Legal Desk') 'Vande Mataram', 'Anand Math', 'Atulya Bharat' tunes to regale audience at Beating Retreat ceremony (See 'Corp Brief') Youth Lead Democracy: Model Youth Gram Sabha Awards Conferred in Delhi (See 'Corp Brief') Misc - Execution sale during pendency of insolvency proceedings held void; Official Receiver can seek annulment even without expressly invoking Section 56: HC (See 'Legal Desk') Union fisheries secretary engages shrimp farmers, boosts scientific innovation in aquaculture (See 'Corp Brief') Learjet 45 aircraft VT-SSK crash at Baramati Airport of M/s VSR Ventures PVT LTD (See 'Corp Brief') SAFEMA - contravention of Sections 3(d) and 7(1)(a)can be established based on documentary evidence & circumstantial corroboration applying the standard of preponderance of probabilities, even in absence of direct evidence of cash payment: SAFEMA (See 'Legal Desk') CCI nod to acquisition of certain shareholding of Toyota Industries Corp (See 'Corp Brief') IBC - Resolution Professionals under IBC are public servants under Prevention of Corruption Act: HC (See 'Legal Desk') Department of Posts signs Agreement with Stock Holding Services Limited for access to capital market services (See 'Corp Brief') SEBI - Failure to make timely disclosure of material developments relating to a proposed scheme of arrangement & delayed disclosure of outcome of board meeting constitutes violation of LODR Regulations: SEBI (See 'Legal Desk') MSME beneficiaries invited as special guests for R-Day celebrations (See 'Corp Brief') PMLA - Offence of money-laundering is independent offence regarding process or activity connected with proceeds of crime which had been derived or obtained as result of criminal activity relating to or in relation to scheduled offence: SAFEMA (See 'Legal Desk')

India leads Global Maritime Discourse at IMO Council Session in London

Published: Jul 11, 2024

By TIOLCorplaws News Service

NEW DELHI, JULY 11, 2024: THE A high-level Indian delegation, led by T.K. Ramachandaran, Secretary, Ministry of Ports, Shipping and Waterways, is participating in the 132nd session of the Council of the International Maritime Organization (IMO) in London. India, an elected member of the IMO Council in the category of countries with the largest interest in international seaborne trade, emphasized the urgent issue of seafarer abandonment. The delegation pointed out that despite efforts, there are currently 44 active cases involving 292 Indian seafarers. India's strong stance on the need for effective measures and oversight to resolve such issues was well received.

In recognition of its continued commitment to addressing seafarers' issues, India secured its position as one of the eight governments representing IMO in the Joint Tripartite Working Group. This group is dedicated to identifying and tackling seafarers' issues and the human element in maritime operations. Other proposed members include the Philippines, Thailand, Liberia, Panama, Greece, the US, and France.

T.K. Ramachandaran stated, "India remains deeply committed to addressing the issue of seafarer abandonment and ensuring the safety and welfare of our maritime workforce. India's participation in the IMO Council session underscores dedication to international maritime cooperation and innovation. The establishment of the South Asian Centre of Excellence for Sustainable Maritime Transport is a testament to India's leadership in promoting environmentally sustainable and technologically advanced maritime practices. We look forward to collaborating with global partners to drive positive change in the maritime sector."

The Indian delegation also addressed concerns over disruptions in the Red Sea, Gulf of Aden, and adjoining areas, which have been impacting shipping and trade logistics. Highlighting India's commitment to maritime safety and security, the delegation cited two significant incidents where the Indian Navy successfully intervened. These included the rescue of a Marshall Island-flagged crude oil carrier, MV Marlyn Luanda, and the interception of the vessel MV Ruen off the coast of Somalia, ensuring the safety of crew members and handling piracy threats effectively.

Furthermore, India reiterated its proposal for the South Asian Centre of Excellence for Sustainable Maritime Transport (SACE-SMarT). This regional hub aims to transform the maritime sector in India and South Asia into a technologically advanced, environmentally sustainable, and digitally proficient industry. The centre will focus on reducing greenhouse gas emissions, fostering technical cooperation, capacity-building, and digital transition. India's leadership in evolving the SACE-SMarT in collaboration with the IMO's global Maritime Technology Cooperation Centres (MTCCs) was highlighted as a significant step towards sustainable maritime development.

The 132nd session of the IMO Council, which commenced on July 8, 2024, will continue until July 12, 2024, addressing various critical issues and proposals for the future of global maritime operations.

TIOL CORP SEARCH

TIOL GROUP WEBSITES