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
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
Govt will come out with new shipbuilding policy soon: Sarbananda Sonowal
NEW DELHI : A day after Finance Minister Smt. Nirmala Sitharaman, in her budget speech, announced the Centre’s push for indigenous shipbuilding, Union Minister for Ports, Shipping and Waterways Shri Sarbananda Sonowal on Wednesday
Newbuilding prices climb 3% to highest level in 16 years : BIMCO
LONDON : “Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2020 they are up 53%. During the
Vast tidal wave of new container ships about to strike
FRANCE : Here it comes. An unprecedented flood of new container ships is about to enter service. The pace of deliveries will pick up in earnest next month, surge much higher in the second
YML to upgrade South-America service with 11,000 TEU newbuilding
TAIWAN : Yang Ming will add one new 11,000TEU container vessel, named YM Trust, chartered from Shoei Kisen Kaisha, Ltd. and built by Imabari Shipbuilding Co., Ltd. The company has ordered a total of
Garden Reach Shipbuilders signs MoU with France’s Naval Group to collaborate on surface ships
KOLKATA : State-owned warship builder Garden Reach Shipbuilders and Engineers Ltd (GRSE), signed a Memorandum of Understanding (MoU) with French defence firm Naval Group on Thursday to collaborate on surface ships to cater to
Shipbuilding group to develop large scale liquid CO2 carriers
The agreement was signed at POSCO Centre in Seoul by Hyundai Mipo Dockyard, Lloyd Register, Korean Shipbuilding & Offshore Engineeing, the Liberian Registry and POSCO. Through this MoU, POSCO will develop new steel materials and relevant