Release notes for version 0.11.16

Release date: 2024-04-26

• properly truncate value of app.kubernetes.io/managed-by and app.kubernetes.io/instance labels in case release name exceeds 63 characters. See this issue and this PR.
• enable templating for port name so users can replace the default with custom values in use cases such as outlined in this issue and has been addressed in this PR.
• bump version of VM components to v1.101.0