D-G Shipping Commissions IIM Indore for Ship Age Norm Study

18 Jul 2024 CW Team

The Directorate General of Shipping has selected the Indian Institute of Management (IIM) Indore to conduct an in-depth study on age norms and orders for ships. This initiative aims to address and improve safety standards and operational efficiency in the maritime sector.

The study by IIM Indore will focus on evaluating the current age norms for ships, assessing their impact on safety, environmental sustainability, and economic viability. The collaboration underscores the importance of academic expertise in shaping policy and regulatory frameworks in the shipping industry.

As part of the study, IIM Indore will analyse global best practices, gather data on the performance and safety records of older ships, and evaluate the economic implications of age restrictions. This comprehensive approach is expected to provide actionable insights that can inform future regulatory decisions by the Directorate General of Shipping.

Maritime safety is a critical concern, and the findings from this study could lead to more stringent age norms or other regulatory adjustments to enhance the safety and efficiency of maritime operations. The collaboration with IIM Indore reflects a proactive approach by D-G Shipping to ensure that India's maritime sector remains competitive and adheres to the highest safety standards.

This initiative is part of a broader effort to modernise India's shipping regulations, taking into account advancements in technology, changing economic conditions, and the need for sustainable practices. The results of the study will be crucial in guiding policy decisions that impact the future of shipping in India.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..