Shipbuilding

Donald Trump unveils warship named after himself in shipbuilding push

The new ships are part of Trump's "Golden Fleet" bid to revive US shipbuilding and address shortfalls in smaller vessels as it seeks to compete against China

Why did Seamec share price zoom 7% on December 11? Find all details here

At 12:15 PM, Seamec share price was trading 2.98 per cent higher at ₹1,043.70 per share. By comparison, BSE Sensex was trading 0.44 per cent higher at 84,762.60 levels.

Arctic-class shipbuilding talks set to advance during Putin's India visit

India and Russia are looking at a plan to jointly build Arctic-class ships, with the proposal expected to move forward during President Vladimir Putin's visit to New Delhi from December 4-5

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

New maritime policy can revive India's shipbuilding, boost employment

The creation of a Maritime Development Fund can provide the much-needed long-term, low-cost capital, which shipyards and shipping companies require

Swan eyes ₹875 crore govt aid for Pipavav Shipyard expansion

Under the brownfield expansion programme of the scheme, existing shipyards can avail assistance of 25 per cent of the capital expenditure undertaken

India's maritime sector to create 15 mn jobs by 2047: Hardeep Singh Puri

The maritime sector is expected to attract Rs 8 trillion in investment and create around 1.5 crore jobs by 2047, said Hardeep Singh Puri, Minister of Petroleum and Natural Gas

India is betting big on shipbuilding to anchor its maritime power push

Once a neglected sector, India's maritime industry is now at the heart of a Rs 70,000 crore plan to build ships, create jobs, and position the country among the world's top shipbuilders by 2047

India's tryst with shipbuilding: Govt rolls out ₹70,000 crore revival plan

India and Brazil are among countries facing the steepest tariffs imposed by the US

India's ₹70,000 cr bet on shipbuilding: Can it match China and Korea?

With nearly ₹70,000 cr in incentives, India eyes a bigger slice of the $150 bn global shipbuilding market

Beijing sanctions Korean shipbuilder giant as US-China tensions escalate

China's commerce ministry accused Hanwha Ocean's US units of violating its anti-foreign sanctions law and warned of further countermeasures against countries backing discriminatory restrictions

Shipbuilding dreams: Subsidies to help but shipyards must be competitive

Almost 90% of global cargo moves through the oceans with China, South Korea and Japan dominating the ship building industry aided by considerable support from their governments

Smart tech brings sea change in shipbuilding as revival gathers pace

Artificial intelligence (AI) is another game-changer, used to optimise ship design, predict maintenance needs, and streamline production schedules

Cos keen to invest ₹15K cr in greenfield shipbuilding clusters: Sonowal

Several existing Indian shipyards on both the east and west coasts have come forward to seek assistance under the brownfield capacity expansion program, says Sonowal

Maritime ambitions: New policy can increase capacity substantially

Straddling major global shipping lanes in the Indian Ocean, India can serve as a hub for trade, logistics, and vessel maintenance

Union Cabinet likely to consider ₹70,000 cr maritime initiatives soon

Queries sent to the ministry of ports shipping and waterways remained unanswered at the time of going to press

Cochin Shipyard partners with HD Korea to build large ships in India

CSL will set up a new shipbuilding unit on 80 acres in Kochi with an investment of about ₹3,700 crore

GRSE inks $62.44 mn deal with Carsten Rehder to build four hybrid vessels

Garden Reach Shipbuilders & Engineers (GRSE) Ltd on Saturday said it has signed a contract worth USD 62.44 million with a Hamburg-based company for the construction of four hybrid multi-purpose vessels. The contract also includes a provision for an additional two hybrid propulsion vessels, a company statement said. "The agreement builds on the ongoing 7,500 DWT (deadweight tonnage) multi-purpose vessel project being executed at GRSE's Kolkata yard for the German shipping company Carsten Rehder Schiffsmakler und Reederei GmbH & Co. KG," the GRSE said. The deal was signed by Cdr Shantanu Bose, IN (Retd), Director (Shipbuilding), GRSE, and Thomas Rehder, Managing Director, Carsten Rehder Schiffsmakler und Reederei, in the presence of senior officials of both organisations. The 120-metre-long and 17-metre-wide vessels will feature battery-assisted hybrid propulsion, improved fuel efficiency, and flexible cargo handling systems, aligning with International Maritime Organization ...

TN secures investments worth ₹30,000 cr in shipbuilding sector: TRB Rajaa

Tamil Nadu has attracted investments worth Rs 30,000 crore to set up two shipyards in Tuticorin district, a move expected to see creation of around 55,000 jobs, Minister for Industries TRB Rajaa said on Saturday. The Minister recalled Chief Minister M K Stalin's comments at the TN Rising-Tuticorin conclave in August, where he pledged to esablsih a company to promote shipbuilding sector in the state. Following the announcement, State Industries Promotion Corporation of Tamil Nadu (SIPCOT) and V O Chidambaranar Port Authority signed a Memorandum of Understanding in September, Rajaa said in a social media post on Saturday. "Today (September 20), a historic milestone has been achieved with the signing of two Ultra Mega MoUs to establish two world-class Greenfield commercial shipyards in Tamil Nadu, with an investment of Rs 30,000 crore and generating employment for 55,000 people," the DMK leader said. As per the first MoU, Cochin Shipyard Ltd will invest Rs 15,000 crore to set up a ...