Page 5 - Shipping Industry

SaaS firm Unicommerce bets big on Shipway to take on rival Shiprocket

The SaaS firm recently acquired remaining 57.24% in Shipway after securing 42.76% in December last year

India to explore green shipping and digital business with Singapore

India's green fuel and digital initiatives are set to enter the global trade through Singapore's marine and shipping industry, where over 55 million tonnes a year of bunker fuel is supplied to internationally operating vessels, making it one of the largest hubs. Trade sources said both India and Singapore are exploring the "Green Digital Shipping Corridor" that would link other international ports and marine industries, said observers on Wednesday. They said India's long-term preparation to export green fuel, green hydrogen and ammonia sits well with Singapore's strategic position to market the fuels to ships operating globally. India's Minister of Port, Shipping and Waterways Sarbananda Sonowal along with industry heavyweights is expected to visit the city state next week to set up a working programme with Singapore counterpart industries, according to the observers. Sonowal is focused on green shipping and digitisation of the ports to make India a global leader in the maritime ..

Harry Singh Banga's Caravel Group sets sail on a zero-carbon mission

Banga acknowledges that companies have no choice but to adapt, despite energy transition ships running on dual fuels costing up to 20 per cent more than conventional vessels

OMC-ShipMin talks for manufacturing domestic large vessels pick up pace

Shipping Ministry wants sectoral players to provide long term contracts for shipowners

French shipping firm CMA CGM to invest $20 bn in US, create 10K jobs: Trump

This massive investment will go toward building out shipping, logistics, infrastructure, and terminal expansion

ShipMin eyes salt lands for infrastructure expansion in major ports

Last year, DPIIT had sought unused salt lands from Centre and states

Honeywell to decarbonise shipping and aviation businesses in India

Company exploring ways to increase production of sustainable jet fuel

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

Crew abandon Hong Kong-flagged container ship in Red Sea as fire engulfs

An explosion struck a Hong Kong-flagged container ship on Tuesday travelling north through the Red Sea, sparking a major fire that forced its crew to abandon the vessel, shipping industry officials said. The ship was drifting and ablaze some 225 kilometers (140 miles) off the coast of Hodeida, a port city in Yemen held by the country's Houthi rebels, said the Diaplous Group, a maritime firm. It wasn't immediately clear what caused the fire in the Red Sea, which has been repeatedly targeted by attacks from the Houthis. The rebels said last week they were was limiting their assaults following a ceasefire in the Israel-Hamas war in the Gaza Strip. The Houthis did not immediately acknowledge the fire incident. The vessel was abandoned and the crew later rescued unharmed, another maritime industry official told The Associated Press. The official spoke on condition of anonymity as authorization hadn't been given to speak publicly about the incident. The official described the cargo aboar

Union Budget 2025-26: Ships likely to be granted infrastructure status

Inclusion in the harmonised master list of infrastructure sectors will allow developers in the sector access to infrastructure lending at easier terms

JNPA will become first Indian port cross 10 mn TEU capacity mark: Wagh

JNPA is expected to maintain steady growth, focusing partly on the under-construction Vadhvan Port

Cargo handling capacity reached 133 MMT in last 10 yrs: Sarbananda Sonowal

Union Minister Sarbananda Sonowal informed that cargo handling capacity has reached 133 million metric tonnes in the last ten years.Speaking at the 2nd Inland Waterways Development Council (IWDC) meeting in Kaziranga a day earlier, Sonowal said,"In the last 10 years, our cargo handling capacity has reached 133 million metric tonnes... More than Rs 60,000 crores of investment have been made in our National Waterways... In the inaugural session of the Inland Waterways Development Council, we inaugurated projects worth Rs 1400 crores for 21 states of our country...," he said."We aim to increase our cargo capacity to 200 million metric tonnes by 2030 and invest more than Rs 50,000 crore in this sector in the next 5 years...," the minister added.The IWDC, the apex body for policy deliberation on the promotion & propagation of inland waterways in India, witnessed major announcements to boost infrastructure along national waterways on Friday.The meeting also witnessed ministerial ...

Union Minister Sonowal launches National River Traffic & Navigation System

The Inland Waterways Development Council (IWDC), apex meet for policy deliberation for the promotion and propagation of inland waterways in India, witnessed major announcements to boost infrastructure along national waterways, a release said on Friday.According to the release, the second meeting of IWDC, organised by the Inland Waterways Authority of India (IWAI), the nodal agency for the development of waterways under the Ministry of Ports, Shipping & Waterways (MoPSW), announced investments of more than RS 50,000 crore in the next five years. A series of new initiatives across 21 Inland Waterway States were announced worth more than Rs 1400 crore, on the occasion. The meeting was presided over by the Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal.The IWDC began with a traditional lamp lighting ceremony by the Chief Minister of Assam, Dr Himanta Biswa Sarma along with the Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal at Kohora in ...

Union, employers credit Trump in US port deal that may shape future talks

The success of the International Longshoremen's Association in winning Trump's support for its anti-automation battle could be instructive for unions facing contract renewals during his term

Switzerland-based TIL to invest Rs 20,000 crore in Vadhvan Port project

Terminal Investment Limited Sarl (TIL) invests in, develops, and manages container terminals across the globe

Global logistics giant DP World expands Rewari terminal facility by 25%

This expansion will increase the monthly freight train handling capacity of the Pali-Rewari rail terminal by 25 per cent, from its current capacity of 192 trains to 240 trains, the company said

Climate solution: Sails make comeback in shipping, to dent carbon footprint

Had he continued working aboard fuel-powered cargo ships, Yann Jourdan reckons he'd be earning perhaps four times what he now gets as captain of a sailboat that instead uses the wind's clean energy to transport goods across the Atlantic. But the hit to Jourdan's pay is buying him peace of mind. When his 3-year-old son, Marcel, grows up, the burly French mariner wants to be able to explain what he did to make a dent in the the shipping industry's huge carbon footprint. The international merchant fleet of more than 100,000 ships transports more than 80% of global trade. But it's also responsible for about 3% of global greenhouse gas emissions. Without a quick switch from dirty fuels to cleaner energies, its pollution is forecast to soar. Mariners pushing for wind power say investors used to view them as something of a joke. But as they pioneer a comeback for sail-powered cargo ships, they're having the last laugh. It's our job to prove that it's possible, Jourdan said aboard the new

Samsung, Hyundai looking at Indian shipbuilding industry: Sarbanda Sonowal

Sonowal is opening up the Indian seas and ports to the world. In an interview with Dhruvaksh Saha and Shreya Jai in New Delhi, he talks of about the ministry's plans

Rewriting maritime map: Centre charts course for broader ship ownership

Shipping ministry seeks maritime overhaul with 4 key bills lined up in Parliament session

Major port cargo contracts 3.2% to 68 mt in October, shows govt data

Overseas cargo handled by these ports decreased by 5.5% to 52.9 mmt during the month