Union Budget 2025 : Modi Govt plans big on shipbuilding
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
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
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
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
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
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,
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
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
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
India’s first indigenous aircraft carrier INS Vikrant begins sea trial
COCHIN : The sea trials of India’s First Indigenous Aircraft Carrier (IAC) Vikrant, the largest and most complex warship built in the country, began its sea trials on