Marine

The Odisha cabinet approved a new marine fishing Bill aimed at boosting deep-sea fishing, seafood exports, coastal security and sustainable marine resource management

Bharat Forge will set up India's first private-sector marine gas turbine repair and overhaul facility in Andhra Pradesh's Defence Manufacturing Corridor

India's marine exports rose to a record ₹72,325 crore in FY26, driven by shrimp and market diversification despite global trade disruptions

India's seafood exports reached a record high in FY26, with growth in China, EU and Southeast Asia helping offset a decline in shipments to the US due to higher tariffs

Odisha partners NCCR to roll out marine spatial planning under Indo-Norway initiative, aiming to balance coastal economy growth with environmental protection

Indian insurers plan $100 million marine insurance pool to cover war risks for ships amid West Asia conflict, with possible government support and rising premiums

Insurance brokers say war-risk premiums will remain elevated as uncertainty persists in West Asia despite Iran allowing passage for non-hostile vessels through Hormuz

ShipMin and DFS are in talks to set up a domestic P&I club as West Asia tensions push up marine insurance costs for shipping lines and exporters

State-owned reinsurer GIC Re withdraws marine cargo war cover for facultative reinsurance contracts in several high-risk maritime zones amid rising tensions near the Strait of Hormuz

Several global reinsurers, including GIC Re, have withdrawn marine hull war cover as West Asia tensions escalate, sharply increasing premiums and raising operational risks for exporters

The companies would share onshore and offshore processing facilities, drilling rigs, marine vessels, power, pipelines, logging and well services, among other resources

The revised norms seek to tap high-value tuna resources that remain largely underutilised, even as neighbouring countries harvest them extensively in the Indian Ocean region

A scion of the clan is leading the sale of a 138,000 square meter deep-water marina on the Thai island that was one of the key filming locations for season three of The White Lotus

Union Fisheries Secretary Abhilaksh Likhi on Monday said the central government will soon come up with an onboard electronic observer system for remote monitoring and recording of marine fish catch. This is aimed at providing accurate scientific data for stock assessment and management by monitoring fishing operations across various vessel types, he said. Likhi highlighted India's efforts to strengthen its fisheries data management system while inaugurating a five-day global workshop on species identification organized by the Indian Ocean Tuna Commission (IOTC) and Fishery Survey of India (FSI) here. According to him, electronic monitoring and efficient data collection on tuna and tuna-like fish catches and fishing activities are critical to improve the management of these fisheries in accordance with the IOTC guidelines, which mandates observer coverage and electronic monitoring. The e-observer is being developed by the FSI, under the Fisheries Ministry. Apart from a conservation

Shares of Knowledge Marine & Engineering Works rallied 17 per cent to Rs 2,189.95 on the BSE in Friday's intra-day trade.

The European Union (EU) has approved 102 additional marine product units from India for exports, making them eligible to supply to the bloc, which is the country's second-largest seafood export destination, an official said on Tuesday. With this, a total of 604 Indian units are listed by the EU. "The move would help boost India's seafood exports to the EU. It is expected to help increase our seafood exports by about 20 per cent," the official said. In 2023-24, India's seafood exports to the EU stood at USD 1.1 billion. The development is also important for diversifying India's shrimp exports, which are hit hard by a steep 50 per cent tariff imposed by the US. The official said that listing of these units by the EU was a long pending demand of India. The US, EU, China, Japan, Vietnam and Thailand are major seafood export destinations of India. "The listing is a key development to boost our exports. This also reflects that our units are maintaining high standards," the official ..

BEML Limited, a Schedule 'A' public sector enterprise under the Ministry of Defence, on Friday said that it has entered into a strategic MoU with Hindustan Shipyard Limited (HSL) to collaborate on the co-creation of advanced marine systems-encompassing innovation, indigenous design, manufacturing, and end-to-end lifecycle support. The memorandum of understanding was formally exchanged at BEML's Delhi office today. "This strategic collaboration is set to unlock global-standard capabilities in marine infrastructure and shipyard logistics through the co-development of these advanced engineering systems. These technologies are critical for supporting both defence and commercial maritime operations," BEML Ltd said in a statement. Commenting on the partnership, Shantanu Roy, CMD of BEML Ltd, said: "This collaboration with HSL marks a defining moment in BEML's expansion into the marine sector. It is a strategic convergence of two national institutions committed to engineering excellence, .

Eighteen countries ratified the High Seas Treaty on Monday, bringing the total to 49 just 11 short of the 60 needed for the ocean agreement to enter into force. The surge in support, occurring during the UN Ocean Conference in Nice, France, adds momentum to what could become a historic shift in how the world governs the open ocean. Here's what the treaty is, why it matters and what happens next. What is the High Seas Treaty Formally known as the Agreement on Biodiversity Beyond National Jurisdiction, the High Seas Treaty is the first legally binding agreement focused on protecting marine biodiversity in international waters. These waters, which are beyond the jurisdiction of any single country, make up nearly two-thirds of the ocean and almost half the surface of the planet. Until now, there has been no comprehensive legal framework to create marine protected areas or enforce conservation on the high seas. Why is it needed Despite their remoteness, the high seas are under growin

Price escalation due to the baseline tariff of 10 per cent imposed by the US on all exports from India will be adjusted by the market in the next few months, a senior official said