Shipping Industry

Danish shipping major AP Moller-Maersk has placed an order for 1,000 containers with DCM Containers, marking the first such order by a global carrier from an Indian manufacturer

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

India aims to recycle nearly 16,000 ships over the next decade, and the country has announced a financial commitment of USD 8 billion to support the growth of the shipbuilding and ship recycling sectors, Union Shipping Minister Sarbananda Sonowal said on Wednesday. According to an official statement, India and the European Union have reaffirmed their commitment to strengthening cooperation in sustainable ship recycling, with both sides expressing confidence in the progress made in facilitating the inclusion of Indian ship recycling facilities under the European Union Ship Recycling Regulation (EUSRR). During discussions between Union Minister for Ports, Shipping and Waterways Sonowal and European Commissioner for Environment, Water Resilience and a Competitive Circular Economy, Jessika Roswall, the two sides reviewed the ongoing audit and compliance process for Indian ship recycling yards, seeking recognition under the EU regulatory framework, it added. Sonowal further said expandi

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

Shipping minister says the Galathea Bay transhipment terminal project will proceed as planned, despite opposition over environmental and tribal concerns

While oil markets have reacted positively to the Strait of Hormuz reopening, supply chain disruptions and a massive shipping backlog mean global energy markets may take months to fully recover

Industry executives expect war-risk insurance rates to soften further if the US-Iran agreement leads to sustained reopening of the Strait of Hormuz and lower regional tensions

DG Shipping has advised shipping companies to restrict deployment of Indian seafarers in the Strait of Hormuz and Gulf region amid escalating security risks and attacks on commercial vessels

The Directorate General of Shipping (DGS) has advised maritime recruitment and placement agencies to restrict deployment of Indian seafarers to conflict areas until further orders, days after three Indian seafarers onboard MT Settebello were killed after the US military strike on the commercial vessel off the Oman coast. DG Shipping in a circular said masters of vessels operating in or transiting through the Gulf region, including the Strait of Hormuz and adjoining waters, are advised to maintain heightened security awareness, closely monitor navigational warnings received and advisories issued from Security agencies, and implement all applicable ship security measures and Company Security Procedures. "This Directorate further reiterates that all RPSL companies and shipping companies (maritime recruitment and placement agencies) are advised to restrict deployment or send Indian seafarers to conflict areas until further orders. However, companies may carry out crew change in emergency

Cochin Shipyard reported a net profit of ₹277 crore, down 3.7 per cent from ₹287 crore in the corresponding quarter of previous fiscal

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

The shipping ministry on Thursday extended the scheme for providing subsidies to Indian companies flagging merchant ships in India for five years until the financial year 20230-31. The scheme for the promotion of flagging of merchant ships in India has been extended for a further period of five years, till FY 2030-31, reinforcing India's commitment to strengthening its maritime fleet and global shipping presence, the Ministry of Ports, Shipping and Waterways said in a statement. In order to achieve the objective of Atmanirbhar Bharat, the Union Cabinet, in July 2021, approved a scheme with an outlay of Rs 1,624 crore over five years for providing a subsidy to Indian shipping companies bidding for global tenders floated by ministries and central public sector enterprises for imports of government cargoes. The scheme was announced by Finance Minister Nirmala Sitharaman during her budget speech for FY22. According to the scheme, for a ship flagged in India after February 1, 2021, whic

The Strait of Malacca, which runs between Indonesia, Malaysia and Singapore, is one of the world's busiest shipping lanes and a strategic bottleneck for Asia

CMA CGM has reflagged its fifth vessel under the Indian flag, aligning with India's push to expand its shipping fleet and strengthen its role in global maritime trade

India's ports are transforming from cargo gateways into integrated logistics and industrial hubs, supported by publicprivate partnerships and global best practices, Secretary in the Ministry of Ports, Shipping and Waterways, Vijay Kumar, said on Wednesday. Addressing around 200 investors and industry stakeholders during a round-table held at the Singapore Maritime Week (SMW) 2026 here, Kumar pointed out, "India is steadily - and decisively - moving in the direction" to be in the best position to sustain growth, attract investment, and integrate into global value chains. He shared the growth reported by Indian ports, where capacity has been doubled, and the next frontier is to have world-class efficiency and transshipment. Cargo handling capacity has doubled since 201314, from 1,400 MTPA to 2,771 million tonnes per annum (MTPA), with a target of 3,500 MTPA by 2030 and 10,000 MTPA by 2047. In FY 202526, India's major ports handled over 915 million tonnes - the highest ever - registeri

Iran says that the Strait of Hormuz was open to all commercial vessels during a 10-day Lebanon ceasefire accord

Indian insurers plan $100 million marine insurance pool to cover war risks for ships amid West Asia conflict, with possible government support and rising premiums

Shipping minister asks maritime players to avoid profiteering amid West Asia crisis, ensure transparency in charges and faster cargo clearance at ports

Regulator asks operators to pass on benefits directly and seeks proof of higher insurance costs, warning action over unjustified charges

Shipping is the biggest obstacle for India in source fuels