Shipbuilding

India and Russia are looking at a plan to jointly build Arctic-class ships, with the proposal expected to move forward during President Vladimir Putin's visit to New Delhi from December 4-5

Maersk eyes India's maritime boom with $2 billion plan for ports, shipbuilding, and logistics as global supply chains shift and India positions itself as a shipping and manufacturing hub

The creation of a Maritime Development Fund can provide the much-needed long-term, low-cost capital, which shipyards and shipping companies require

Under the brownfield expansion programme of the scheme, existing shipyards can avail assistance of 25 per cent of the capital expenditure undertaken

The maritime sector is expected to attract Rs 8 trillion in investment and create around 1.5 crore jobs by 2047, said Hardeep Singh Puri, Minister of Petroleum and Natural Gas

Once a neglected sector, India's maritime industry is now at the heart of a Rs 70,000 crore plan to build ships, create jobs, and position the country among the world's top shipbuilders by 2047

India and Brazil are among countries facing the steepest tariffs imposed by the US

With nearly ₹70,000 cr in incentives, India eyes a bigger slice of the $150 bn global shipbuilding market

China's commerce ministry accused Hanwha Ocean's US units of violating its anti-foreign sanctions law and warned of further countermeasures against countries backing discriminatory restrictions

Almost 90% of global cargo moves through the oceans with China, South Korea and Japan dominating the ship building industry aided by considerable support from their governments

Artificial intelligence (AI) is another game-changer, used to optimise ship design, predict maintenance needs, and streamline production schedules

Several existing Indian shipyards on both the east and west coasts have come forward to seek assistance under the brownfield capacity expansion program, says Sonowal

Straddling major global shipping lanes in the Indian Ocean, India can serve as a hub for trade, logistics, and vessel maintenance

Queries sent to the ministry of ports shipping and waterways remained unanswered at the time of going to press

CSL will set up a new shipbuilding unit on 80 acres in Kochi with an investment of about ₹3,700 crore

Garden Reach Shipbuilders & Engineers (GRSE) Ltd on Saturday said it has signed a contract worth USD 62.44 million with a Hamburg-based company for the construction of four hybrid multi-purpose vessels. The contract also includes a provision for an additional two hybrid propulsion vessels, a company statement said. "The agreement builds on the ongoing 7,500 DWT (deadweight tonnage) multi-purpose vessel project being executed at GRSE's Kolkata yard for the German shipping company Carsten Rehder Schiffsmakler und Reederei GmbH & Co. KG," the GRSE said. The deal was signed by Cdr Shantanu Bose, IN (Retd), Director (Shipbuilding), GRSE, and Thomas Rehder, Managing Director, Carsten Rehder Schiffsmakler und Reederei, in the presence of senior officials of both organisations. The 120-metre-long and 17-metre-wide vessels will feature battery-assisted hybrid propulsion, improved fuel efficiency, and flexible cargo handling systems, aligning with International Maritime Organization ...

Tamil Nadu has attracted investments worth Rs 30,000 crore to set up two shipyards in Tuticorin district, a move expected to see creation of around 55,000 jobs, Minister for Industries TRB Rajaa said on Saturday. The Minister recalled Chief Minister M K Stalin's comments at the TN Rising-Tuticorin conclave in August, where he pledged to esablsih a company to promote shipbuilding sector in the state. Following the announcement, State Industries Promotion Corporation of Tamil Nadu (SIPCOT) and V O Chidambaranar Port Authority signed a Memorandum of Understanding in September, Rajaa said in a social media post on Saturday. "Today (September 20), a historic milestone has been achieved with the signing of two Ultra Mega MoUs to establish two world-class Greenfield commercial shipyards in Tamil Nadu, with an investment of Rs 30,000 crore and generating employment for 55,000 people," the DMK leader said. As per the first MoU, Cochin Shipyard Ltd will invest Rs 15,000 crore to set up a ...

Prime Minister Narendra Modi will unveil a series of shipping and shipbuilding projects in Gujarat, with investments exceeding Rs 66,000 crore and multiple public sector MoUs

Union minister Shantanu Thakur on Monday said the government has set a target of securing 5 per cent share of the global shipbuilding market by 2030 and developing 10 world-class shipyards with the support of public-private partnerships and international collaborations. India is moving towards becoming a global hub for sustainable shipbuilding, backed by policy reforms, technological innovation and strong industry-government collaboration, Thakur said, addressing via video conference the CII Conference in Goa on 'India's Shipbuilding Roadmap towards Maritime Amrit Kal Vision 2047'. "Shipbuilding is more than just an industry - it is a symbol of national strength and self-reliance. Our vision is to make India not just a participant, but a leader in sustainable shipbuilding, contributing to green growth, blue economy, and Atmanirbhar Bharat," the Minister of State for Ports, Shipping and Waterways said. "Our shipyard modernisation programme is ambitious yet achievable. We are targetin