Shipping Industry

India, a founding member of the Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP), is set to deepen its engagement with the Singapore-based Information Sharing Centre (ISC) of the grouping, its Executive Director Vijay D Chafekar has said. "We expect closer cooperation with the Maritime Rescue Coordination Centre (MRCC), the Indian Focal Point of ReCAAP, for promoting safe and secure seas in Asia," Chafekar told PTI on Saturday. India is one of the founding members of the 21-nation ReCAAP, which was established as a regional, government-to-government institution for enhancing maritime security and ship safety. The grouping is also drawing interest from countries beyond Asia, Chafekar said. Most of the attacks on ships are now for stealing engine and machinery spares for which there is demand in parallel markets. There has not been any incident of kidnapping of crew or hijacking ships in recent years, said the retired Additional ...

Nascent estimates target Rs 12,000 crore outlay to achieve 600,000 containers production annually

The exemption under Section 3 lapsed in 2021; the ministry's October 2024 draft proposed a three-year dispensation with conditions on Indian-flag vessels and space for Indian NVOCCs

Overall cargo in 2025 reached 99.17 million tonnes, up 9.86 per cent Y-o-Y

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.

The company received a work order from New Mangalore Port Authority for the hiring of One number of River Sea Vessel type IV Security Patrol Boat with all manpower excluding High Speed Diesel.

Russia is exploring joint production of Arctic-class vessels in India, deepening maritime and logistics cooperation as cargo flows rise across the Chennai-Vladivostok and North-South corridors

Vessels are spending more time at sea transporting cargo, contributing to the spike, and several shipping executives expect tightness in the broader market to continue

India will be in global maritime's "premier league" after Vadhavan Port, says SVP Ludovic Renou

Around 11:00 AM, Swan Defence share price continued to remain locked in the 5 per cent upper circuit at ₹1,036.45 per share. By comparison, BSE Sensex was trading 0.46 per cent lower at 83,148.86.

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 move is part of a larger strategy discussed by global companies with PM Narendra Modi to base their tonnage in India

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

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

UN maritime body defers vote on key carbon levy till 2026, leaving global shipping industry uncertain on decarbonisation timelines and investment clarity

India is developing 200 MW nuclear power reactors, compact in size that can be deployed on commercial ships. "Nuclear power is generated by causing nuclear fission to create heat that leads to electricity production. You can put the reactor wherever you want, even on a ship," a senior official said here. He said scientists at the Bhabha Atomic Research Centre (BARC) are developing two nuclear power reactors of 55 MW and 200 MW that could be deployed at captive power plants used by energy-intensive companies such as cement manufacturers. "These nuclear reactors are very safe and can even be used to power merchant navy ships," the official said, sidestepping questions of their use to power nuclear submarines. He said these Bharat Small Modular Reactors (BSMR) will be the mainstay in the expansion of the share of nuclear power in India's energy mix. Currently, India operates two home-built nuclear submarines -- INS Arihant and INS Arighaat -- which are powered by 83 MW reactors. A th

The investment interests are meant for various locations within the country and have been received from both international and domestic private and public sector companies

Cosco Shipping could face $1.5-2.1 billion in US port fees in 2026, OOIL up to $654 million, while non-Chinese carriers see limited impact due to use of non-China-built ships

The world's largest maritime nations are gathering in London on Tuesday to consider adopting regulations that would move the shipping industry away from fossil fuels to slash emissions. If the deal is adopted, this will be the first time a global fee is imposed on planet-warming greenhouse gas emissions. Most ships today run on heavy fuel oil that releases carbon dioxide and other pollutants as it's burned. Nations are meeting at the International Maritime Organization headquarters through Friday. The Trump administration unequivocally rejects the proposal and has threatened to retaliate if nations support it, setting the stage for a fight over the climate deal. In April, IMO member states agreed on the contents of the regulatory framework. The aim is to adopt it at this meeting. That would be a major win for the climate, public health, the ocean and marine life, said Delaine McCullough at the Ocean Conservancy. For too long, ships have run on crude, dirty oil, she said. This ...