Maritime Sector

War-risk premiums surge: Can ₹12,980 cr maritime pool steady trade costs?

War-risk premiums have surged sharply, raising shipping costs. India's ₹12,980 crore Bharat Maritime Insurance Pool aims to stabilise coverage, but whether it can make trade cheaper remains uncertain

CMA CGM reflags fifth vessel in India as shipping expansion gathers pace

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

How South Korea tie-up could help India reduce costly freight dependence

New framework with South Korea links shipyard capacity, technology and orders to India's push to reduce reliance on foreign carriers

Chips to ships: South Korea, India must collaborate in additional sectors

Lee Jae-Myung's India visit highlights untapped potential in India-South Korea ties, from semiconductors to shipbuilding, amid a shared push for a stable Indo-Pacific

IMO prepares evacuation plan for hundreds of ships stuck in Persian Gulf

The plan can only be put into action when there are clear signs of de-escalation, according to Secretary General Arsenio Dominguez

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

Hoisting the Indian flag on the high seas: Maritime ambitions gather pace

$8 billion spent on foreign tankers could build a homegrown fleet to navigate India's energy, trade, and maritime ambitions through turbulent waters

Parliamentary Panel seeks relief for shippers hit by West Asia disruption

Parliamentary panel recommends insurance support, working capital relief and a long-term maritime resilience framework amid rising costs and supply disruptions

West Asia conflict: Stranded vessels running out of fresh water, food

DG Shipping warns of supply shortages on stranded vessels, rising freight and insurance costs, and potential disruptions to India's trade and energy security

Centre to prepare roadmap to tackle challenges in shipping sector

Shipping minister Sarbananda Sonowal asks officials to prepare a roadmap to address industry challenges as geopolitical tensions and supply chain disruptions strain maritime trade

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

Scheme to boost manufacturing of shipping containers on the table

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

Chennai to Arctic: India-Russia multiple pacts widen maritime corridors

India and Russia signed key maritime and transport MoUs to strengthen the INSTC, Chennai-Vladivostok corridor and Northern Sea Route, including training for Indian polar seafarers

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

India re-elected to Int'l Maritime Organisation Council with highest vote

India has been re-elected to the International Maritime Organisation (IMO) Council with the highest vote in its category at elections held at its Assembly in London for the 2025-26 biennium. India's election in Category B on Friday falls under the collection of 10 states with the largest interest in international seaborne trade, alongside Australia, Brazil, Canada, France, Germany, the Netherlands, Spain, Sweden and the United Arab Emirates (UAE). The newly elected Council will meet for its 136th session on December 4 and will elect its Chair and Vice-Chair for the next biennium, the IMO said. India re-elected to the IMO Council securing the highest vote in Category B with 154 votes, the Indian High Commission in London announced following the vote. We thank our partners for putting their trust in India, and pledge to continue to work for the global maritime sector, the mission stated. The IMO is the premier body that oversees the world's maritime sector, which in turn underpins .

India's marine product exports rise 16% as new markets offset US dip

Shrimp-heavy shipments to China, Vietnam, and Europe help country log $4.87 bn in Apr-Oct

Sagarmala Finance Corp to raise ₹8,000 crore to boost maritime sector

Sagarmala Finance Corporation Limited (SMFCL) will raise Rs 8,000 crore in the current financial year from banks, financial institutions and through bonds to further boost the maritime prowess of the nation. SMFCL, formerly known as Sagarmala Development Company Limited, is India's first maritime sector-specific Non-Banking Financial Company. It was formally registered as an NBFC with the Reserve Bank of India (RBI) on June 19, 2025. SMFCL in a statement said in a recently held annual general meeting , the board approved a proposal to raise Rs 8,000 crore in the current financial year. It also approved the overall borrowing limit of Rs 25,000 crore. "For achieving this SMFCL shall raise the fund from various bank and financial institutions and through bonds in accordance with the resource mobilization plan and start lending operations soon," it said. The corporation comes under Ministry of Ports, Shipping and Waterways. It aims to bridge the financial gaps in the maritime sector,

Ports, shipbuilding, and logistics: APM-Maersk charts bold India plan

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

Global shipping companies make a beeline to reflag vessels in India

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