financetom
Business
financetom
/
Business
/
National Maritime Day 2023 celebrates India's sea trade
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
National Maritime Day 2023 celebrates India's sea trade
Apr 4, 2023 11:48 PM

National Maritime Day is celebrated on April 5 across the country to commemorate the sailing of the first Indian commercial vessel, SS Loyalty. The ship sailed from Mumbai to London. National Maritime Day is meant to appreciate the contribution of maritime trade to the growth of the Indian economy and the significance of India's strategic location in international trade.

Share Market Live

NSE

History

The Ministry of Ports, Shipping and Waterways started this day in 1964. This year will mark the 60th National Maritime Day.

Significance

This day is considered to be very important for the maritime sector and it is observed annually to honour the history, ongoing development, and forward-looking vision.

The purpose of National Maritime Day is to recognise and honour the significant contribution that the maritime industry makes to the growth of the Indian economy. On this day, an annual award ceremony is organised to honour the many players in the shipping sector. The Sagar Samman Varuna Award is given for outstanding contribution to the maritime sector.

ALSO READ | Indian Coast Guard Day 2023: History and significance

Theme

The government announces a theme for National Maritime Day every year. The theme for the 60th maritime day has not been announced as yet. Last year, the theme was ‘Sustainable Shipping beyond COVID-19.’

Maritime India Vision 2030

Prime Minister Narendra Modi announced the ‘Maritime India Vision 2030’ in November 2020 at the Maritime India Summit. It is a 10-year blueprint for the development of the Indian maritime sector.

The vision seeks to improve India's waterways, support the shipbuilding sector, and promote cruise tourism. The Sagarmala project, which was introduced in 2015, will be replaced by it.

ALSO READ | World Maritime Day — history, significance and a green theme for 2022

(Edited by : Shoma Bhattacharjee)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Healthpeak Properties Q2 Adjusted FFO Falls, Revenue Rises; 2024 AFFO Outlook Set
Healthpeak Properties Q2 Adjusted FFO Falls, Revenue Rises; 2024 AFFO Outlook Set
Jul 25, 2024
04:57 PM EDT, 07/25/2024 (MT Newswires) -- Healthpeak Properties ( DOC ) reported Q2 adjusted funds from operations late Thursday of $0.39 per diluted share, down from $0.40 per share a year earlier. Analysts polled by Capital IQ expected $0.37. Revenue for the quarter ended June 30 was $695.5 million, up from $545.4 million a year earlier. Analysts surveyed by...
Eastman Chemical Q2 Adjusted Earnings, Revenue Rise; 2024 EPS Range Outlook Narrows
Eastman Chemical Q2 Adjusted Earnings, Revenue Rise; 2024 EPS Range Outlook Narrows
Jul 25, 2024
04:57 PM EDT, 07/25/2024 (MT Newswires) -- Eastman Chemical ( EMN ) reported Q2 adjusted earnings late Thursday of $2.15 per diluted share, up from $1.99 per share a year earlier. Analysts polled by Capital IQ expected $2.01. Revenue for the quarter ended June 30 rose to $2.36 billion from $2.32 billion a year earlier. Analysts surveyed by Capital IQ...
Hollywood's videogame performers to go on strike over AI, pay concerns
Hollywood's videogame performers to go on strike over AI, pay concerns
Jul 25, 2024
July 25 (Reuters) - Videogame voice actors and motion-capture performers have called a strike over failed labor contract negotiations focused around AI-related protections for workers, bringing about another work stoppage in Hollywood. The SAG-AFTRA has called a strike of the Interactive Media Agreement that covers video game performers, effective July 26, the union said on Thursday. The decision follows months...
Comfort Systems USA Q2 Net Income, Revenue Increase
Comfort Systems USA Q2 Net Income, Revenue Increase
Jul 25, 2024
04:56 PM EDT, 07/25/2024 (MT Newswires) -- Comfort Systems USA ( FIX ) reported Q2 net income late Thursday of $3.74 per diluted share, up from $1.93 a year earlier. Analysts polled by Capital IQ expected $3.20. Revenue in the quarter ended June 30 rose to $1.81 billion from $1.30 billion a year earlier. Analysts surveyed by Capital IQ expected...
Copyright 2023-2026 - www.financetom.com All Rights Reserved