Marine

War-risk insurance premiums on Gulf shipping routes have surged amid renewed West Asia tensions, raising costs for vessels avoiding high-risk corridors

Fossils dating back 12.6-8.3 million years indicate Odisha's Mayurbhanj district was once part of a shallow marine environment teeming with life

The project aims to develop 200 KTPA of green ammonia marine bunkering capacity by 2029-30, with plans to scale up capacity and investment over the next decade

Rekise Marine, the Indian marine robotics company engaged in building autonomous ships and submarines, has raised USD 9.7 million (about Rs 92 crore) in seed funding led by Accel and NKSquared, entrepreneur Nikhil Kamath's investment firm. The round also saw participation from Sameer Brij Verma and Sandeep Singhal, Industrial47 and Singularity AMC, a slew of prominent corporate leaders, alongside the company's founders and several family offices, according to a release. "Rekise Marine raises USD 9.7 million led by Accel and Nikhil Kamath to help build India's autonomous naval fleet," it added. Founded by naval architect Maitrai Maka and created around the belief that autonomy would fundamentally reshape the maritime domain, Rekise develops autonomous surface and underwater vessels through a full-stack strategy that combines vessel design, systems integration and autonomy software developed in-house. Its software platform powers vessels of every class, from small man-portable vessel

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.