Recognizing the need for marine education and research, access to private residence and recreational activities, MMB has prepared a Residual Policy. The Policy has been approved by the Board and is operative up to 05 years. For the periods over 05 years, Government approval is awaited.

A policy to address the provisioning of multi-purpose terminals for small operators with less investments and shorter gestation period has been formulated. The policy is yet to be approved by the State Government

For the first time, 05 projects for developing IWT in Maharashtra have been sanctioned by Ministry of Shipping, Govt. of India at an estimated cost of Rs. 1758.75 lacs.

In view of renewed market for iron-ore, MMB has repaired the existing berths at Redi and commenced exports from the Port. The port handled about 72000 MT of iron-ore till March, 2004

It is planned to create a terminal of international standards at Mandwa. The model studies for a new jetty and breakwater have been completed by CWPRS, Pune. The construction of the terminal building will commence shortly.

M/s Chowgule Steampship Ltd. is interested in developing Jaigad Port for handling 4.0 Million tones of cargo by construction of 4 berths and a dry dock.

26 posts have been filled and 07 more are likely to be filled shortly