Marine

AM Green, VOC Port sign MoU for ₹2,000-crore green ammonia bunkering hub

The project aims to develop 200 KTPA of green ammonia marine bunkering capacity by 2029-30, with plans to scale up capacity and investment over the next decade

Rekise Marine raises $9.7 mn, led by Nikhil Kamath's firm and Accel

Rekise Marine, the Indian marine robotics company engaged in building autonomous ships and submarines, has raised USD 9.7 million (about Rs 92 crore) in seed funding led by Accel and NKSquared, entrepreneur Nikhil Kamath's investment firm. The round also saw participation from Sameer Brij Verma and Sandeep Singhal, Industrial47 and Singularity AMC, a slew of prominent corporate leaders, alongside the company's founders and several family offices, according to a release. "Rekise Marine raises USD 9.7 million led by Accel and Nikhil Kamath to help build India's autonomous naval fleet," it added. Founded by naval architect Maitrai Maka and created around the belief that autonomy would fundamentally reshape the maritime domain, Rekise develops autonomous surface and underwater vessels through a full-stack strategy that combines vessel design, systems integration and autonomy software developed in-house. Its software platform powers vessels of every class, from small man-portable vessel

Odisha clears new marine fishing law, targets Rs 25,000 cr exports by 2036

The Odisha cabinet approved a new marine fishing Bill aimed at boosting deep-sea fishing, seafood exports, coastal security and sustainable marine resource management

Bharat Forge to build marine gas turbine facility in Andhra Pradesh

Bharat Forge will set up India's first private-sector marine gas turbine repair and overhaul facility in Andhra Pradesh's Defence Manufacturing Corridor

India's marine product exports surge to all-time high of ₹72,325 cr: MPEDA

India's marine exports rose to a record ₹72,325 crore in FY26, driven by shrimp and market diversification despite global trade disruptions

India's seafood exports hit record ₹72,325 cr in FY26 despite US tariffs

India's seafood exports reached a record high in FY26, with growth in China, EU and Southeast Asia helping offset a decline in shipments to the US due to higher tariffs

Odisha, NCCR sign pact on marine planning under Indo-Norway initiative

Odisha partners NCCR to roll out marine spatial planning under Indo-Norway initiative, aiming to balance coastal economy growth with environmental protection

$100 mn marine insurance pool on cards for vessels sailing via war zones

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

Strait of Hormuz opens to ships but marine covers to stay pricey

Insurance brokers say war-risk premiums will remain elevated as uncertainty persists in West Asia despite Iran allowing passage for non-hostile vessels through Hormuz

Govt to expedite maritime insurer plan amid rising West Asia conflict

ShipMin and DFS are in talks to set up a domestic P&I club as West Asia tensions push up marine insurance costs for shipping lines and exporters

GIC Re withdraws marine cargo war cover for facultative contracts

State-owned reinsurer GIC Re withdraws marine cargo war cover for facultative reinsurance contracts in several high-risk maritime zones amid rising tensions near the Strait of Hormuz

Global reinsurers scrap marine hull war cover amid West Asia tensions

Several global reinsurers, including GIC Re, have withdrawn marine hull war cover as West Asia tensions escalate, sharply increasing premiums and raising operational risks for exporters

ONGC, RIL join hands to share resources for deepwater ops on East Coast

The companies would share onshore and offshore processing facilities, drilling rigs, marine vessels, power, pipelines, logging and well services, among other resources

Centre announces new deep-sea fishing rules to empower small fishers

The revised norms seek to tap high-value tuna resources that remain largely underutilised, even as neighbouring countries harvest them extensively in the Indian Ocean region

Na-Ranong dynasty seeks $100 mn for rare deep-water marina in Phuket

A scion of the clan is leading the sale of a 138,000 square meter deep-water marina on the Thai island that was one of the key filming locations for season three of The White Lotus

India to launch e-observer system for remote monitoring of fishing: Govt

Union Fisheries Secretary Abhilaksh Likhi on Monday said the central government will soon come up with an onboard electronic observer system for remote monitoring and recording of marine fish catch. This is aimed at providing accurate scientific data for stock assessment and management by monitoring fishing operations across various vessel types, he said. Likhi highlighted India's efforts to strengthen its fisheries data management system while inaugurating a five-day global workshop on species identification organized by the Indian Ocean Tuna Commission (IOTC) and Fishery Survey of India (FSI) here. According to him, electronic monitoring and efficient data collection on tuna and tuna-like fish catches and fishing activities are critical to improve the management of these fisheries in accordance with the IOTC guidelines, which mandates observer coverage and electronic monitoring. The e-observer is being developed by the FSI, under the Fisheries Ministry. Apart from a conservation

Knowledge Marine surges 25% in 2 days; what's driving this microcap stock?

Shares of Knowledge Marine & Engineering Works rallied 17 per cent to Rs 2,189.95 on the BSE in Friday's intra-day trade.

European Union approves 102 more Indian marine product units for exports

The European Union (EU) has approved 102 additional marine product units from India for exports, making them eligible to supply to the bloc, which is the country's second-largest seafood export destination, an official said on Tuesday. With this, a total of 604 Indian units are listed by the EU. "The move would help boost India's seafood exports to the EU. It is expected to help increase our seafood exports by about 20 per cent," the official said. In 2023-24, India's seafood exports to the EU stood at USD 1.1 billion. The development is also important for diversifying India's shrimp exports, which are hit hard by a steep 50 per cent tariff imposed by the US. The official said that listing of these units by the EU was a long pending demand of India. The US, EU, China, Japan, Vietnam and Thailand are major seafood export destinations of India. "The listing is a key development to boost our exports. This also reflects that our units are maintaining high standards," the official ..

BEML, HSL sign MOU to advance next-gen marine engineering capabilities

BEML Limited, a Schedule 'A' public sector enterprise under the Ministry of Defence, on Friday said that it has entered into a strategic MoU with Hindustan Shipyard Limited (HSL) to collaborate on the co-creation of advanced marine systems-encompassing innovation, indigenous design, manufacturing, and end-to-end lifecycle support. The memorandum of understanding was formally exchanged at BEML's Delhi office today. "This strategic collaboration is set to unlock global-standard capabilities in marine infrastructure and shipyard logistics through the co-development of these advanced engineering systems. These technologies are critical for supporting both defence and commercial maritime operations," BEML Ltd said in a statement. Commenting on the partnership, Shantanu Roy, CMD of BEML Ltd, said: "This collaboration with HSL marks a defining moment in BEML's expansion into the marine sector. It is a strategic convergence of two national institutions committed to engineering excellence, .