Page 3 - Maritime Sector

Maritime incidents involving India and its seafarers rose 22% in 2024

According to India's shipping regulator Directorate General (DG) of Shipping, the incidents resulted in 83 deaths and 61 injuries

India seeks re-election to IMO Council, highlights maritime growth plans

India has presented its candidature for re-election to the International Maritime Organisation (IMO) Council at the organisation's 134th session in London, where the Ministry of Ports, Shipping and Waterways highlighted key aspects of maritime safety and gender inclusivity. At a special India-themed reception at the IMO Headquarters on Thursday evening, Ministry Secretary T K Ramachandran and Indian High Commissioner to the UK Vikram Doraiswami announced the decision to seek re-election in Category B of the Council. The election for the 2025-26 biennium will take place at the organisation's Assembly later this year and follows India's re-election with the highest tally back in December 2023. India embraces the philosophy of One Earth, One Family, One Future, and we bring this vision to life through fostering robust and collaborative maritime efforts, said Ramachandran in his address at the reception. Under our Vision 2047, we see maritime growth as a corner of global progress, and

Hidden Chinese vessel spotted 120 NM from Indian waters in Bay of Bengal

French firm Unseenlabs used radio frequency satellite surveillance to trace the covert Chinese vessel, which allegedly switched off its AIS near Indian maritime zones

Shipping ministry launches India's first maritime NBFC Sagarmala Finance

Sagarmala Finance Corporation to offer tailored funding to ports, MSMEs, and startups; standardised port tariffs and port readiness index also announced

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