Shipping Industry

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 ...

Financial aid, cluster development, and credit note scheme aim to modernize Indian shipyards

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

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

Tamil Nadu signs MoUs with Cochin Shipyard and Mazagon Dock for Rs 30,000 crore projects in Thoothukudi, boosting shipbuilding, job creation and industrial revival in the south

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 ...

India is set to attract investments worth Rs 80 lakh crore, generate over 1.5 crore jobs, and accelerate green shipping practices in the coming years, Union Minister Sarbananda Sonowal said on Tuesday. According to an official statement, the ports, shipping and waterways minister further said India's maritime sector is undergoing a transformative shift, positioning the nation as a future global maritime superpower. "India's maritime growth story is about prosperity, sustainability, and pride in our heritage. We have already set course as India's blue economy aims to gain Rs 80 lakh crore boost, 1.5 crore jobs under Maritime Amrit Kaal Vision," the statement quoted Sonowal as saying. The statement said the government's flagship 'Sagarmala' programme is driving this change with 840 projects worth Rs 5.8 lakh crore under implementation by 2035. Already, 272 projects worth Rs 1.41 lakh crore have been completed. According to the statement, the upcoming Rs 76,000-crore Vadhavan Port in

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