NEW DELHI : For long-term financing for the maritime industry, the Union Finance Minister Smt. Nirmala Sitharaman has proposed to set up a Maritime Development Fund with a corpus of Rs 25,000 crore. Announcing
MUMBAI : Mr. Vivek Merchant, Director, Swan Defence and Heavy Industries Limited shares his views on Union Budget 2025-26. “The Union Budget 2025-26 sends a strong message about India’s ambitions in shipbuilding and maritime
NEW DELHI : In a massive boost to India’s Shipbuilding industry, the Modi Government has accorded the coveted ‘infrastructure’ status for large ships. Finance Minister Smt. Nirmala Sitharaman announced in her speech for Budget 2025-26 on
KOLKATA : Garden Reach Shipbuilders & Engineers Ltd. reported an 11% year-on-year rise in net profit in the third quarter of this financial year, missing analysts’ estimates. The shipbuilding company posted a profit of
NEW DELHI : The Union Budget has placed strong impetus to realise the huge potential of India’s shipping sector. The forward-looking document aims at further enabling India’s shipbuilding industry with spurring & innovative initiatives
NEW DELHI : India will set up a 250-billion-rupee ($2.9-billion) maritime development fund for the long-term financing of the country’s shipbuilding and repair industry, Finance Minister Smt. Nirmala Sitharaman said on Saturday while presenting
MARSEILLE : French container shipping and logistics major CMA CGM has ordered a dozen liquefied natural gas (LNG) dual fuel 18,000 TEU containerships in South Korea. The boxships will be built by South Korean
MUMBAI : Indian Register of Shipping (IRS), a leading international classification society, is proud of its growing role in advancing India’s defence capabilities through its participation in major new construction projects for the Indian
GENEVA : The world’s largest container shipping line, Mediterranean Shipping Company (MSC) has initiated preliminary discussions with India’s Ministry of Ports, Shipping, and Waterways to identify a suitable greenfield site for developing a shipyard.