March 31, 2026
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Union Budget 2025-26: Boost to shipping and aviation sector

February 5, 2025 Ship Building, Aviation, Shipping, Trade, Trending News
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

Post Budget 2025 Reaction – Vivek Merchant, Director, Swan Defence and Heavy Industries Limited

February 5, 2025 Maritime, Defence, Ports, Ship Building, Trade, Trending News
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

Union Budget 2025 : Modi Govt plans big on shipbuilding

February 4, 2025 Trade, Economy, Finance, Global Trade, Maritime, Ship Building, Trending News
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

GRSE Q3 results: Profit misses estimates, revenue up 38%

February 4, 2025 Ship Building, Ship Recycling, Ship Repair, Shipping, Trending News
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

Union Budget 2025 boosts Shipbuilding with New Mega Clusters in India : Sonowal

February 3, 2025 Maritime, Ports, Ship Building, Ship Repair, Shipping, Trending News
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

Union Budget 2025-26 : India to set up $3-billion maritime development fund for shipping industry

February 3, 2025 Maritime, Economy, Ports, Ship Building, Ship Repair, Shipping, Trade, Trending News
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

CMA CGM orders 12-unit-strong LNG dual-fuel containership fleet at HD KSOE

January 30, 2025 International Shipping, LNG, Ship Building, Trending News
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

Shipping Secretary alongwith DPA Chairman visited Alang Ship Recycling Yard, Gujarat

January 24, 2025 Ports, Global Trade, Ship Building, Ship Recycling, Trending News
BHAVNAGAR : Shri T.K. Ramachandran, IAS, Secretary, Ministry of Ports, Shipping & Waterways, had an insightful visit at the Alang Ship Recycling Yard, Gujarat, accompanied by Shri Sushil Kumar Singh, IRSME, Chairman, DPA.

Indian Register of Shipping strengthens Role in Major Defence Projects

January 21, 2025 Maritime, Defence, Ship Building, Shipping, Trade, Trending News
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

Global shipping giant MSC explores India for shipbuilding and repair opportunities

January 21, 2025 International Shipping, Ship Building, Ship Repair, Shipping Line, Trending News
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.
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