Shipbuilding Sector

Andhra Pradesh Chief Minister N Chandrababu Naidu has sought the Centre's cooperation to further expand maritime-based economic activities in the state. According to a statement, during his meeting with Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal on Thursday, Naidu discussed the development of ports in the state, setting up a terminal at Mulapeta Port and establishing a shipbuilding centre at Dugarajapatnam. The chief minister explained that the state is accelerating industrial and commercial development based on its ports by effectively leveraging its long coastline. He said that developing sectors such as shipbuilding, ship repair and marine engineering in conjunction with the existing and proposed ports would create large-scale employment and investment opportunities. Naidu stated that the development of Mulapeta Port in Srikakulam district would give a major boost to commercial activities in North Andhra. He sought the Centre's support for developing th

Exporters sending goods worth up to ₹10,000 may no longer need an RCMC to apply for authorisations or claim benefits under the Foreign Trade Policy

The investment will add a new line of business for the $180-billion conglomerate that already makes coffee to luxury cars and steel products to smartphones

Container vessels by SCI, Bharat Container Line dominate order plan

Mazagon Dock Shipbuilders has officially confirmed that Contract Negotiation Committee negotiations for P-75 (India) project between the company and the government have been completed.

The Cochin Shipyard Limited (CSL) has signed a major contract with French shipping major CMA CGM for the construction of LNG dual-fuel vessels, in a move expected to boost India's global shipbuilding footprint and align with the green maritime transition, officials said on Thursday. In a statement, CSL said it signed a landmark Shipbuilding Contract (SBC) with CMA CGM at New Delhi on Wednesday for the construction of six 1,700 TEU LNG dual-fuel feeder container vessels. The contract was signed by CSL Chairman and Managing Director Jose V J and Rodolphe Saade, Chairman and CEO of CMA CGM. The ceremony was attended by Shantanu Thakur, Minister of State for Ports, Shipping and Waterways, and Vijay Kumar, Secretary, Ministry of Ports, Shipping and Waterways, along with senior officials from the Ministry, representatives of both organisations, and members of the maritime industry, the statement said. "The collaboration reflects strong global confidence in CSL's technical excellence, ...

CMA CGM has signed its first container vessel order with an Indian shipyard and is exploring container manufacturing, AI-led innovation, and deeper participation in India's maritime sector

The key focus of the government's Rs 12.2 lakh crore capex for the next fiscal will be mainly on sectors like shipbuilding, national highways, railways, and metro train projects, Expenditure Secretary V Vualnam said. The government has budgeted total expenditure in 2026-27 at over Rs 53.47 lakh crore, of which about Rs 12.22 lakh crore is projected to be the capital expenditure, meaning it would be spent on building physical infrastructure. In a post-Budget interview to PTI, Vualnam said the sectors, which have huge ongoing and new projects, like the national highways, railways, and the urban sector, to the extent of metro train projects, will continue to dominate the government public capex spending in the next fiscal. "Shipbuilding has become an infrastructure sector, and will also now be a big player. We are very keen to improve our share in shipbuilding (globally). Of India's import-export cargo, just about 5 per cent goes on India-owned ships. About Rs 6 lakh crore (annually) i

GRSE share price today: GRSE shares advanced following a strong Q3FY26 performance. Total income rose 46 per cent year-on-year (Y-o-Y) to ₹1,958 crore in Q3FY26 from ₹1,343 crore in Q3FY25.

India's shipbuilding ambitions gain traction as Russia eyes joint polar-vessel production and HD Hyundai plans a Tamil Nadu shipyard, even as private yards outpace public ones

At 12:15 PM, Seamec share price was trading 2.98 per cent higher at ₹1,043.70 per share. By comparison, BSE Sensex was trading 0.44 per cent higher at 84,762.60 levels.

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

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

Guidelines to steer next phase of India's maritime ambitions

Minister Sarbananda Sonowal says ports will anchor India's green hydrogen drive as MoUs worth over Rs 87,000 crore boost maritime and port-led energy investments

Sonowal said that in the past 11 years, India's port capacity has doubled from 1,350 million tonnes per annum (MTPA) to 2,700 MTPA

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

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

The NBFC will tap into the MDF - one of the three pillars of the Rs 69,725 crore shipbuilding package - which was created as a financial umbrella for various areas

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