Maritime

Britain detains sanctioned oil tanker linked to Russia's shadow fleet

Britain is investigating a sanctioned tanker that is suspected of being part of the Russian "shadow fleet," shipping oil in violation of international sanctions over Moscow's war on Ukraine, British Prime Minister Keir Starmer said Sunday. British armed forces boarded and detained the vessel, the Smyrtos, on Sunday in the English Channel, in what the country's Defence Ministry called "the first UK-led operation of its kind." The vessel will be held and monitored off the south coast of England for investigation, according to a statement by the Defence Ministry. The operation was carried out "in close coordination" with French authorities, who have previously intercepted a number of vessels linked to the "shadow fleet." Russia is believed to be using a fleet of hundreds of ships to evade sanctions over its war against Ukraine. "This operation delivers yet another blow to Russia and reminds those fuelling Putin's war in Ukraine that they cannot hide," Starmer said. UK authorities sai

Centre's ₹19k crore Bengal maritime plan expected to generate 62k jobs

West Bengal's ₹19,209-crore maritime pipeline aims to boost the blue economy, strengthen logistics and create over 62,000 jobs

Shipping insurance costs likely to fall 25% with Bharat Maritime Pool

Industry expects sovereign-backed maritime insurance pool to reduce war-risk premiums and improve trade certainty amid geopolitical disruptions

Road map set for Indian P&I club, says DFS secretary M Nagaraju

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

India plans 62 new vessels with Rs 51,383 crore investment in FY27

India plans to add 62 vessels with Rs 51,383 crore investment this year to strengthen maritime capacity and ensure resilience amid global supply disruptions

Straits and narrows: The high cost of closing global chokepoints

Paying tolls to use the Strait of Hormuz is a dark omen for the future of global trade

Govt responds to West Asia shipping insurance spike with ₹13k cr pool

The pool would cover all maritime risks like Hull and Machinery, Cargo, P&I and War risk, a statement by the cabinet said

Sagarmala Fin Corp eyes $1 billion FY27 fundraise to boost maritime lending

The state-owned company will raise the money through bonds, term loans and foreign-currency borrowings, said Managing Director LVS Sudhakar Babu

Shipbuilding ties to be in focus during South Korea President's visit

India and South Korea to prioritise shipbuilding cooperation during Lee Jae Myung's visit, alongside talks on semiconductors and small modular reactors

India sustains 7-7.5% growth; Bengal should go maritime: EAC's Sanyal

Sanjeev Sanyal, Member of the Economic Advisory Council to the Prime Minister, on Wednesday said that India has managed to sustain growth of 7-7.5 per cent while maintaining macroeconomic stability despite global uncertainties, while asserting that sequential growth with stability is key to achieving the goal of a "Vikshit Bharat". Sanyal also said that West Bengal should reposition itself as a maritime state and consider setting up a large port. Addressing a special session on 'India's Growth Story Navigating Global Challenges' organised by the Merchants' Chamber of Commerce & Industry (MCCI), Sanyal said it was a cliche to describe the present as uniquely uncertain, noting that the world had navigated crises such as the global financial meltdown and COVID-19 earlier as well. He said India's macroeconomic parameters remain "in good shape", citing lower inflation, fiscal balance and a relatively contained debt-to-GDP ratio. The government, he added, adopted a conservative fiscal .

CMA CGM places first Indian vessel order, eyes container and waterways push

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

Sagarmala Finance expecting at least ₹2K cr equity infusion from govt: MD

Ready to offer maritime debt at 30 bps lower than market rates, says CMD LVS Sudhakar Babu

Maritime call for Atmanirbharta: Why India needs a local P&I Club

A P&I Club is a mutual insurance association that protects shipowners, operators from third-party liabilities - covering risks such as oil spills, cargo damage, pollution, collisions, and crew injury

India's economic rise will be shaped 'at, from and by the sea': Navy chief

Emphasising the scale of global ocean-based commerce, the Navy chief noted that maritime trade has grown more than fivefold in recent decades, reaching 12.3 billion tonnes in 2023

₹25k crore borrowing limit approved for India's first maritime NBFC

₹8,000 crore earmarked to be raised for FY25, SMFCL to mobilise funds through leading banks, financial institutions and bond issuances

Indian Coast Guard seizes 3 Bangladeshi boats, 79 crew for illegal fishing

All three boats and their crew members were handed over to the West Bengal Marine Police in Frazerganj for further legal action

India to host maritime information sharing workshop from November 3-5

Maritime security practitioners from 30 countries are set to assemble in India from November 3-5 as part of a key event that catalyses coordinated responses to transnational maritime threats such as piracy, drug smuggling and other incidents disrupting global maritime commerce. The Gurugram-based Information Fusion Centre-Indian Ocean Region (IFC-IOR) will host the third edition of the Maritime Information Sharing Workshop (MISW) from November 3-5, officials said on Saturday. The workshop is a high-fidelity table-top exercise, simulating real-world maritime threats and fostering syndicate-based contingency planning, they said. The delegates will engage in collaborative response frameworks, reinforcing the value of shared situational awareness and coordinated action, the Indian Navy said in a statement. With the theme 'Enhancing Real-Time Coordination and Information Sharing Across the Indian Ocean Region', the MISW 2025 is poised to be a pivotal international platform dedicated to

India to be steady lighthouse for global rough seas: PM Narendra Modi

Calls on global shipping cos to invest and expand in India

Goa should set up maritime board to guide sector development: CII

Goa should set up a maritime board to guide sector development, promote green technologies, and foster public-private partnerships for infrastructure and Research and Development, CII said in a report released on Friday. The report titled "India Shipbuilding Roadmap Towards Maritime Amrit Kaal Vision 2047" said that Goa holds the leading position in India's commercial shipbuilding sector, contributing approximately 40 per cent to the nation's total commercial vessel deliveries as of September 2025. Goa's shipbuilding industry, valued at Rs 22,865 crore in FY24, has the potential to grow to Rs 64,058 crore by FY37, contributing nearly 11 per cent to Goa's GSDP. With 3,000 direct and 18,000 plus indirect jobs, the sector is a critical pillar of Goa's industrial economy. The report suggests the state should have a maritime board which will give single-window system for clearances, licences and permits for maritime projects processed centrally. The board will also work for shipbuilding