Maritime

Companies see opportunities in vessel equipment, propulsion, ship recycling and green fuels after India announced a ₹70,000 crore maritime support package and new clusters

India plans to add 100 vessels to its merchant fleet in five years, with reflagging, shipbuilding support and fiscal reforms aimed at strengthening the domestic shipping industry

Defence ministers sign a bilateral deal on maritime security cooperation, with an eye on the Indo-Pacific region

They can disembark before Hormuz, wait for safer assignments or sail on for hefty bonuses

The country's share of the global seafaring workforce has more than doubled over the past decade, rising from 5.2 per cent in 2015 to 12.16 per cent in 2026.

The 62-acre facility, to be developed with UAE-based RSA Global, will improve container turnaround, asset utilisation and operational efficiency at India's largest container port

Shipping activity through the Strait of Hormuz remains subdued despite easing tensions, with experts expecting normal operations to resume only after de-mining and security measures are completed

Government sets up the Bureau of Port Security under the shipping ministry to strengthen vessel, port and cyber security, with CISF playing a key oversight role

Mumbai Port Authority unveiled projects worth ₹3,541 crore, spanning berth upgrades, a marina, connectivity and waterfront development to boost cargo capacity and tourism

The Indian Embassy in Muscat on Sunday said it was working to facilitate the earliest repatriation of the body of an Indian national who died due to medical complications aboard a vessel in Oman waters. In a social media post, the mission said it remained in close touch with the family members of Nishanth Uirthanathan, crew members of the vessel MT Celestial and the concerned authorities. However, it did not provide details of the medical conditions that led to Uirthanathan's death. "The Embassy remains in active coordination with local Omani authorities, port officials and the shipping company regarding Mr Nishanth Uirthanathan, who unfortunately died onboard MT Celestial due to medical conditions," the mission said in a post on X. It further said that the vessel is soon expected to berth at Duqm port, located in the southeastern coast of the Gulf country. "Necessary arrangements have been made for prompt recovery of the mortal remains from the vessel," it said. "The Mission is

Britain is investigating a sanctioned tanker that is suspected of being part of the Russian "shadow fleet," shipping oil in violation of international sanctions over Moscow's war on Ukraine, British Prime Minister Keir Starmer said Sunday. British armed forces boarded and detained the vessel, the Smyrtos, on Sunday in the English Channel, in what the country's Defence Ministry called "the first UK-led operation of its kind." The vessel will be held and monitored off the south coast of England for investigation, according to a statement by the Defence Ministry. The operation was carried out "in close coordination" with French authorities, who have previously intercepted a number of vessels linked to the "shadow fleet." Russia is believed to be using a fleet of hundreds of ships to evade sanctions over its war against Ukraine. "This operation delivers yet another blow to Russia and reminds those fuelling Putin's war in Ukraine that they cannot hide," Starmer said. UK authorities sai

West Bengal's ₹19,209-crore maritime pipeline aims to boost the blue economy, strengthen logistics and create over 62,000 jobs

Industry expects sovereign-backed maritime insurance pool to reduce war-risk premiums and improve trade certainty amid geopolitical disruptions

West Asia bound vessels to benefit from coverage under Bharat Maritime Insurance Pool

India plans to add 62 vessels with Rs 51,383 crore investment this year to strengthen maritime capacity and ensure resilience amid global supply disruptions

Paying tolls to use the Strait of Hormuz is a dark omen for the future of global trade

The pool would cover all maritime risks like Hull and Machinery, Cargo, P&I and War risk, a statement by the cabinet said

The state-owned company will raise the money through bonds, term loans and foreign-currency borrowings, said Managing Director LVS Sudhakar Babu