NEW DELHI : The Union Cabinet chaired by Prime Minister Shri Narendra Modi has recently approved a ₹24,736 crore package for FY 2026–36 under the Shipbuilding Financial Assistance Scheme (SBFAS) and National Shipbuilding Mission
NEW DELHI : India is planning ₹4,000 crore ($454 million) in incentives to bolster its shipbreaking industry, people familiar with the matter said, as it seeks to claw back market share from sector leader
MARSEILLE : French container shipping and logistics major CMA CGM has reportedly placed an order for six firm liquefied natural gas (LNG) dual-fuel 22,000 TEU containerships in China. The shipbuilding contract also includes four
MUMBAI : The Directorate General of Shipping convened a high-level meeting on August 5th to chart a forward-looking course for India’s ship recycling sector, with a sharp focus on sustainability, safety, and worker welfare.
ALANG : On June 30, 2025, Bhavnagar witnessed a landmark event — a high-level gathering of stakeholders as India officially stepped into the Hong Kong Convention (HKC) era of ship recycling. The event took
LONDON : From 26 June, ships at the end of their operational lives must be recycled in a safe and environmentally sustainable way. The Hong Kong International Convention for the Safe and Environmentally Sound
NORWAY : Bernhard Schulte Offshore announces the delivery of its latest Commissioning Service Operation Vessel (CSOV) from Ulstein Verft in Norway. The newbuilding, which was christened ‘Windea Curie’ on 26 June, is now being
ABU DHABI : AD Ports Group signed three Heads of Terms (HoTs) with the Arab Shipbuilding & Repair Yard Company (ASRY) for the provision of marine services in Bahrain to collaborate on strategic maritime
OSLO : Union Minister of Ports, Shipping and Waterways, Shri Sarbananda Sonowal invited Norwegian shipowners to invest in India’s growing maritime sector during a roundtable with the Norwegian Shipowners’ Association (NSA) here on Tuesday. Thanking NSA President, Harald
SINGAPORE : Ocean Network Express (“ONE”) has advanced its Green Strategy by implementing a Ship Recycling Policy and joining the Ship Recycling Transparency Initiative (SRTI), reinforcing its commitment to responsible practices and environmental stewardship. Both