India is rapidly expanding its ship recycling sector and upgrading shipbreaking yards to meet European environmental standards, as part of a broader effort to strengthen its maritime industry and reduce logistics costs, Sushant Kumar Purohit, Chairperson of VO Chidambaranar Port Authority, s
Mumbai (Maharashtra) [India], March 10: Norwegian Cruise Line® (NCL), the global leader in innovative cruise travel, took delivery of Norwegian Luna™, the 21st ship in its award-winning fleet, from Fincantieri, a global leader in high-complexity shipbuilding, at its shipyard in Marghera, Ita
Sanyal explained that the vast majority of India's goods trade is handled by international shipping lines, leaving the nation's economy exposed to external pressures. He stated, "90 to 95 per cent of all our goods trade is carried by foreign ships. So, if you really want to get India into tr
He gave the public and private players in the maritime sector the goal of placing India among the top ten shipbuilding nations by 2030 and among the top five nations by 2047.
The policy was unveiled by the Tamil Nadu Chief Minister, MK Stalin, during which other state projects and MoUs were also unveiled, including an agreement with MRF Tyres to establish a new tyre manufacturing facility at the State Industries Promotion Corporation of Tamil Nadu (SIPCOT), Il
He explained that while a strong military presence is vital, it must be matched by commercial ownership to ensure stability during global disruptions. "I have argued many times before that ships and this maritime capability is one of our biggest strategic weaknesses," Sanyal noted, adding th
Speaking to reporters, Thakur said, "It is a great initiative. It would be one of the most important developments in the shipbuilding sector. Under the leadership of the Prime Minister Narendra Modi, our target is to reach fifth position by 2047 and this is a significant step."
India's ongoing maritime sector reforms are translating into concrete outcomes in shipbuilding and green shipping, with the signing of a contract between global shipping major CMA CGM and Cochin Shipyard Limited (CSL) for the construction of six 1,700 TEU LNG-fuelled feeder container vess
Prime Minister Narendra Modi on Wednesday held bilateral talks with Croatian Prime Minister Andrej Plenkovic on the sidelines of the India AI Impact Summit 2026 in the national capital.
Indian Navy Tableau showcased the country's traditional shipbuilding prowess, centring INSV Kaundinya, the hand-stitched ship that sailed from Gujarat to Oman, retracing the roots of the country's 5,000-year-old seafaring legacy.
Mumbai (Maharashtra) [India], January 26: Marking a major milestone, Swan Defence and Heavy Industries Limited (SDHI) announced the signing of its first newbuild contract for six (6) IMO Type II chemical tankers, each of 18,000 DWT, to be constructed at its revitalized shipyard in Gujarat, I