Union Budget 2025-26 : India to set up $3-billion maritime development fund for shipping industry
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
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
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
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
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.
Swan Defence shares re-list on stock exchanges, up 5% after listing, Marking a New Era of Growth
MUMBAI : Swan Defence and Heavy Industries Limited (SDHI) achieved a significant milestone on Monday as its shares resumed trading on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The stock opened
MoPSW Secretary met with delegation from Hanwha Ocean, South Korea
NEW DELHI : Shri T.K. Ramachandran, Secretary, MoPSW, met with a delegation from Hanwha Ocean, South Korea, to discuss potential shipbuilding collaborations between India & Korea. The meeting also explored opportunities to enhance partnerships
Shipbuilders hopeful for Customs Duty exemption extension in upcoming Budget
NEW DELHI : Indian shipbuilders are facing uncertainty as the Customs Duty exemption on the import of raw materials, machinery, and equipment used in ship construction is set to expire on March 31.“The withdrawal