Page 3 - Maritime Sector

West Asia conflict: Exporters in dire straits as Hormuz trade route erupts

China-Gulf spot rates climb 55% in a month as tensions mount

Atmanirbharta in shipping a key goal of maritime policy: Sarbananda Sonowal

Minister Sonowal says India is working with global partners to boost shipbuilding tech, establish smart islands, and enhance seafarer employment under Make in India

Entry barriers for shipbuilding cluster bids likely to be lowered

Gujarat's Deendayal Port is one of the 12 ports owned by the central government

IMO's carbon levy to add 5% to Indian fleet's freight rates, says DGS

Impact on Indian ships $100 million, saves $2 bn compared to EU's proposal, says DG Shipping

Triton Logistics aims to grow turnover to ₹500 crore in 2 to 3 years

Triton Logistics & Maritime is aiming to increase its turnover to Rs 500 crore from the current Rs 150 crore in the next two to three years, its CEO Jitendra Srivastava said on Friday. "Triton is still in a very early stage. Right now, we're touching around Rs 150 crore in turnover. The aim is to scale this up to Rs 500 crore in the next two to three years," the CEO said. The company which specialises in freight forwarding, logistics, and global supply chain management with end-to-end solutions plans to scale up its turnover by investing into a lot of services and solutions, he said. "Our business plan is focused around two main pillars - geography and industry. On one hand, we are looking at which geographies we want to expand into, on the other hand, we are identifying industries where we can deliver tailored solutions," he explained. Apart from that, the company is putting a lot of effort into digitalisation and that's a major area where Triton Logistics & Maritime is ...

Panel calls for urgent attention on geopolitics-borne shipping challenges

Clarify strategic vision and viability of divestment-bound Shipping Corporation, says panel

Going local for global: Bharat Global Ports to test waters at home first

Govt may give consortium domestic exposure

Cargo growth at major ports slowed in 10MFY25, shows ministry data

Private ports see contraction in coastal cargo in FY25

Maritime fund to spur Rs 1.5 trn investment by 2030: Sarbananda Sonowal

The Rs 25,000 crore MDF will give a strong start to India's shipbuilding journey tells Sonowal

Why shipbuilding needs a sea change to fulfil India's 2047 dreams

India paid $109 billion in sea freight to foreign operators in 2021-22, and last year stood vulnerable to international price volatility and impact of sanctions on Russia during the geopolitical crise

People from 11 nations to discuss biz strategy at Maritime India Conference

Union Minister for Ports, Shipping & Waterways Sarbananda Sonowal will address the event, organiser FICCI said in a statement

India aims to be a maritime power by 2030, says Sarbananda Sonowal

The Union Cabinet had approved the project in October, even though it had been in the works much earlier. Currently, its physical progress stands at 60 per cent

Southeast Asian defence chiefs meet amid maritime disputes with China

Southeast Asian defence chiefs and representatives are meeting in the Laotian capital on Wednesday for security talks at a time of increasing maritime disputes with China in the Asia-Pacific and as the transition to a new US president looms. US Secretary of Defense Lloyd Austin was set to join the meetings of the Association of Southeast Asian Nations defence ministers in Vientiane, where many will be looking for assurances ahead of President-elect Donald Trump's return to power in January. Austin just wrapped up meetings in Australia with officials there and Japan's defence minister, where they pledged their ongoing support for ASEAN and their "serious concern about destabilising actions in the East and South China Seas, including dangerous conduct by the People's Republic of China against Philippines and other coastal state vessels". In addition to the US, other nations attending the two-day ASEAN meetings include Japan, South Korea, India, Australia and China. Along with the ...

PMO launches new maritime strategy, to infuse funds into port sector

With almost all major ports languishing with low traffic levels, the funds will go a long way towards expanding cargo capacity and improving port facilities

Fortified rice supply, border roads get Rs 21K crore Cabinet push

Phase 1A of the project is under implementation, with more than 60 per cent physical progress, and is planned for completion by 2025

Container shortage, freight spike shake maritime economy in India

India's merchandise exports also contracted by nearly 10 per cent in August. Both officials and traders highlighted the challenges in transportation

In export push, govt steps in to raise container capacity amid shortage

Commerce Minister Piyush Goyal announces purchase of second-hand vessels

India to approve Rs 25,000 crore for shipbuilding and infrastructure

India's Maritime Development Fund (MDF) is likely to receive a Rs 25,000 crore boost to support low-cost, long-term indigenous manufacturing projects

India must rethink ships, infra for stronger maritime governance: Sanyal

As India looks to take a more significant role in maritime governance, it needs to rethink its approach to ships and shipping infrastructure and transform the way it invests, builds and utilises the maritime resources and capabilities, said Sanjeev Sanyal, member of Prime Minister's Economic Advisory Council. Sanyal was speaking at the curtain raiser of 'Sagarmanthan: The Great Oceans Dialogue' organised by the Observer Research Foundation, in collaboration with Ministry of Ports, Shipping and Waterways (MoPSW), according to a press statement issued by the organisers. "This event served as a precursor to the main Sagarmanthan: The Great Oceans Dialogue, scheduled for November 18-19, 2024. The upcoming dialogue will provide a critical platform for discussions on the blue economy, maritime logistics, ports, shipping, waterways, critical minerals, diversified supply chains, the global maritime economy, and training and labour standards," it said. With its growing prominence in ...

Indian Navy to hold maritime exercise with Singapore to enhance operability

The Indian Navy is looking forward to further enhancing its operability with the Singapore Navy and understanding of each other's operational philosophy by holding joint maritime exercises, Flag Officer Commanding Eastern Fleet Read Admiral Rajesh Dhankhar has said. Addressing a reception for 150 guests from Singapore's defence sector, heads of diplomatic missions and Indian diaspora on board INS Shakti at the Changi Naval Base on Tuesday, he said the navies of the two countries are planning to hold the 31st edition of the Singapore-India Maritime Bilateral Exercise (SIMBEX) which will be held at Visakhapatnam in the fourth quarter of this year. We will be undertaking the 31 Edition of SIMBEX (and) we have done the planning at the working level for the event to be held in the fourth quarter of this year at Visakhapatnam, Dhankhar who is leading the Indian Naval Ships Delhi, INS Shakti, and Kiltan to Singapore, Malaysia and the Philippines. We look forward to further enhancing our ..