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Sethusamudram Ship Channel Project put on fast track New Maritime Policy and National Maritime Development Programme on the anvil Renewed focus on development of Inland Water Transport (IWT) Guidelines for regulation of tariff by TAMP, revised and issued Tonnage Tax introduced · Foundation Stone of International Container Transshipment Terminal (ICTT) at Cochin Port laid
Third Container Terminal at Jawaharlal Nehru Port approved Second Container Terminals at Chennai and Tuticorin Ports approved ISPS Code implemented Record traffic handled at major Ports Record profit of Shipping Corporation of India Hindustan Shipyard Ltd. and Hoogly Dock & Port Engineers Ltd. to be revived Indian Maritime University (IMU) to be set up Work on formulation of Cruise Shipping Policy started ILO Convention No. 108 concerning Seafarers' Identity Document ratified Cochin Shipyard starts building first indigenous aircraft carrier
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