BEML sign MoU with HSL to develop next-generation marine engineering systems
NEW DELHI : In a significant step towards advancing India’s maritime industrial ecosystem, BEML Limited and Hindustan Shipyard Limited (HSL) have signed a strategic Memorandum of Understanding (MoU) to jointly develop next-generation marine engineering
Sri Lankan Supreme Court orders $1 bn compensation over X-Press Pearl disaster
COLOMBO : In a landmark judgment that could redefine environmental accountability in South Asia, the Supreme Court of Sri Lanka has ordered non-state actors — including the owners, operators, and local agents of the
AVG Logistics solutions provider secured term loan facilities to cater to working capital and capex requirements
MUMBAI : AVG Logistics Limited has successfully secured a term loan facility of Rs 20 crore from a leading Non-Banking Financial Company (NBFC). This crucial funding will be strategically utilised to bolster the company’s
Reliance Industries acquires additional 9.9% stake in Nauyaan Shipyard for ₹54.70 Crore
MUMBAI : Reliance Industries Limited has expanded its maritime sector presence through its subsidiary’s acquisition of an additional stake in Nauyaan Shipyard Private Limited. The transaction, completed on July 23, 2025, represents a strategic
MoPSW informs Inland Water Transport development in Uttar Pradesh
NEW DELHI : Union Minister of Port, Shipping and Waterways, Shri Sarbananda Sonowal informed in written reply to the Lok Sabha that, the details of sanctioned projects in Uttar Pradesh under Inland Water Transport
MoPSW updates on Cruise Bharat Mission
NEW DELHI : The Union Minister of Port, Shipping and Waterways, Shri Sarbananda Sonowal informed in written reply to the Lok Sabha that, in FY 2024 – 25, there were 272 cruise calls and
IWAI constructed four Jetties in Bihar
NEW DELHI : The Inland Waterways Authority of India (IWAI), an autonomous body under the Ministry of Ports, Shipping and Waterways, has constructed four (4) Pontoon Jetties, one (1) each at Kahalgaon & Tintanga
Maritime Financing Summit 2025 : India opens 100% FDI in shipping launches MDF and digital financial reforms to drive MAKV 2047
NEW DELHI : The Ministry of Ports, Shipping & Waterways successfully hosted the Maritime Financing Summit 2025 on Thursday here, bringing together senior policymakers, industry leaders, global investors and domain experts to deliberate on