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Abtak.com - Business - News Image
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BusinessOct 16, 2025 03:33 PM

Centre's Rs 69,275 crore package poised to propel India's shipbuilding industry

Cochin Shipyard and Mazagon Dock signed MoUs with Tamil Nadu agencies to set up major shipbuilding complexes. Image: Pixabay | representational With the government announcing investments to the tune of Rs 69,725 crore for shipbuilding and maritime reform in India this year, the sector is entering a promising phase of growth. Shipbuilding, often termed the "mother of heavy engineering", plays a central role by generating employment, attracting investment, and strengthening national security and ...Read More >

Asian News International (ANI) - Business - News Image
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BusinessOct 16, 2025 02:52 PM

India's Shipbuilding Sector Sets Sail for Global Leadership

PNN New Delhi [India], October 16: India's shipbuilding industry is charting an ambitious new course -- from a modest player in global ship construction to a serious contender among the world's top five shipbuilding nations by 2047. Backed by bold government reforms, strategic investments, and strong advocacy from the Shipyards Association of India (SAI), the sector is entering what many call its most transformative phase yet. A Sea of Opportunity Despite having one of the world's longest coa ...Read More >

Abtak.com - Business - News Image
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BusinessOct 16, 2025 12:34 PM

India's ports to attract Rs 80 lakh crore investment, says Sarbananda Sonowal

"Our ports have a very important role to play in making India a $30 trillion economy 2047," said Sonowal. Investments worth Rs 80 lakh crore would be made in the country's ports sector, minister for ports, shipping and waterways Sarbananda Sonowal said on October 15. Memorandums of understanding (MoUs) worth Rs 10 lakh crore would be signed during the Maritime Week, be held later this month in Mumbai, the minister said at a New Mangalore Port Authority's (NMPA) 50-year celebration event in New ...Read More >

The Hans India - Business - News Image
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BusinessOct 06, 2025 09:08 AM

Shivalik to make a maiden call to India at Visakhapatnam Port

Visakhapatnam: Minister for Ports, Shipping and Waterways Sarbananda Sonowal will flag off the large gas carrier (VLGC) vessel Shivalik during its maiden call to India at Visakhapatnam Port on October 6 (Monday). The Shivalik has been recently acquired and inducted under the Indian flag by the Shipping Corporation of India (SCI) on September 10th, marking a significant milestone in India's maritime growth story. The vessel, operating under Indian ownership and flag, is scheduled to call at Vis ...Read More >

Abtak.com - Business - News Image
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BusinessOct 01, 2025 03:10 AM

Samsung Heavy Industries signs MOU with Indian shipmaker Swan Defence and Heavy Industries

Samsung Heavy Industries signed a memorandum of understanding (MOU) with Indian shipmaker Swan Defence and Heavy Industries, a shipyard located in Gujarat, western India, to cooperate in the shipbuilding and offshore sectors, the Samsung subsidiary said Monday. Swan Defence and Heavy Industries operates India's largest dry dock -- measuring 662 meters (2,172 meters) by 65 meters -- and has the capacity to build very large crude carriers (VLCCs) and offshore facilities. Through the partnership, ...Read More >

LatestLY - Politics Sports Business Technology Entertainment - News Image
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Sunil Gavaskar Reflects on India vs Pakistan Asia Cup 2025 Final, Says 'Heart Rate Was at Its Peak; ...

Mumbai, September 29: Indian legend Sunil Gavaskar revealed that his heart had been pounding intensely while watching the Asia Cup 2025 final between India and Pakistan at Dubai International Cricket Stadium. The Men in Blue secured a convincing victory as they chased down a target of 147 runs with just two balls remaining, in what was a thrilling encounter. The win also marked India's third consecutive victory against Pakistan in the 2025 tournament, as well as the team's record-extending ninth ...Read More >

LatestLY - Technology - News Image
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TechnologySep 29, 2025 02:21 PM

Business News | Samsung Heavy Industries Joins India's Shipbuilding Push with 'Swan Defense and Heav...

New Delhi [India], September 29 (ANI): The Korean shipbuilder, Samsung Heavy Industries on Monday announced its entry into the Indian shipbuilding industry through a partnership with Swan Defense and Heavy Industries in Gujarat, enhancing its participation in India's state-led initiative to boost local shipbuilding. As per a report by 'The Korea Herald' under this partnership, both the companies agreed to explore collaboration across a wide range of ocean projects, including engineering, procur ...Read More >

News Nation English - Technology - News Image
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TechnologySep 29, 2025 02:10 PM

Samsung heavy industries joins India's shipbuilding push with 'Swan Defense and Heavy Industries'

New Delhi [India], September 29 (ANI): The Korean shipbuilder, Samsung Heavy Industries on Monday announced its entry into the Indian shipbuilding industry through a partnership with Swan Defense and Heavy Industries in Gujarat, enhancing its participation in India state-led initiative to boost local shipbuilding. As per a report by The Korea Herald under this partnership, both the companies agreed to explore collaboration across a wide range of ocean projects, including engineering, procuremen ...Read More >

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TechnologySep 12, 2025 10:28 PM

India unveils INS Aravali in Haryana

Chandigarh, Sep 12 (UNI) In a landmark move to fortify its maritime defenses, India is set to commission INS Aravali, the first naval base in Haryana, strategically located amidst the scenic Aravali hills in Gurugram. The inauguration will be presided over by Chief of Naval Staff Admiral Dinesh K. Tripathi, marking a significant step in enhancing India's vigilance over the Indian Ocean Region (IOR). INS Aravali is designed to serve as a nerve center for maritime domain awareness (MDA), equipped ...Read More >

NewsDrum - Politics - News Image
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PoliticsAug 06, 2025 06:25 PM

LS passes Merchant Shipping Bill; second Bill to be passed in Monsoon session amid din

New Delhi, Aug 6 (PTI) A bill to expand the eligibility criteria for ownership of merchant shipping vessels and provide for investigation and enquiries on marine casualties was passed by the Lok Sabha on Wednesday, after a brief discussion as the Opposition continued with its protests seeking discussion on poll roll revision in Bihar. As soon as the Bill was passed, the House proceedings were adjourned for the day amid noisy protests by the Opposition members. Union Minister Sarbnanda Sonowal ...Read More >

NewsDrum - Politics - News Image
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PoliticsAug 06, 2025 06:24 PM

2 maritime bills passed by both Houses of parliament in a single day, first for shipping ministry

New Delhi, Aug 6 (PTI) Two bills aimed at streamlining maritime governance with a modern and internationally compliant approach were given approval on a single day on Wednesday in both Houses of Parliament, amid continued protests by the Opposition. While the Rajya Sabha passed a century-old colonial-era 'Carriage of Goods by Sea Bill, 2025', the Lok Sabha approved the 'Merchant Shipping Bill, 2024' amid the din. Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal said it was a hi ...Read More >

Deccan Chronicle - Business - News Image
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BusinessJul 15, 2025 02:04 AM

Indian Ports to Handle 10k Million Tonnes of Cargo by 2047: Sonowal

Visakhapatnam: Union Shipping Minister Sarbananda Sonowal has said India is expanding its port capacity six-fold to reach 10,000 million tonnes per annum by 2047. This marks the country's largest-ever maritime infrastructure drive as India positions itself as a global shipping hub. "We aim to be among the top five shipping nations in the world,'' the minister said while inaugurating the second edition of the two-day Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation ...Read More >

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Bihar Idea Festival Portal launched to promote entrepreneurship

Patna, July 14 (UNI) In a major step towards igniting the spirit of innovation and entrepreneurship across the state, Bihar Industries Minister Nitish Mishra launched the official Bihar Idea Festival Portal here today. Speaking at the event Mishra said Bihar Idea festival was not just an event but a revolution to make 'Samriddh Bihar'. He said that it will encourage the youth to take up entrepreneurship to solve the grassroot challenges of Bihar. He said that the youth will be sensitised and i ...Read More >

The New Indian Express - Business - News Image
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BusinessJul 11, 2025 08:00 AM

Shipping firm informs Kerala HC of inability to deposit compensation amount

KOCHI: Mediterranean Shipping Company (MSC), the shipping company involved in the MSC Elsa 3 accident case, has informed the High Court that it is unable to deposit the compensation amount demanded by the Kerala government. The company made the submission when the Admiralty suit filed by the state government seeking Rs 9,531 crore as compensation from the shipping company came up for hearing. The company claimed that the only environmental issue was plastic waste washing ashore. The counsel for ...Read More >

The Times of India - Politics - News Image
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PoliticsJul 08, 2025 08:53 AM

Sinking of MSC Elsa 3: Kerala govt files admiralty suit; seeks Rs 9.5k crore damages | Kochi News - ...

KOCHI: The state govt on Monday filed an admiralty suit in the Kerala high court, seeking the arrest of the vessel MSC MV Akiteta II, currently within Indian territorial waters at Vizhinjam Seaport, to recover maritime claims amounting to Rs 9,531 crores for the environmental and economic damage caused by the sinking of the cargo vessel MSC Elsa 3 off the Kerala coast on May 25.The bench of Justice M A Abdul Hakhim, which considered the petition, ordered the interim arrest of MSC Akiteta II unti ...Read More >

The Times of India - Other Politics Business - News Image
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OtherPoliticsBusinessJul 04, 2025 02:24 AM

228 bighas of encroached land cleared in Lakhimpur | Guwahati News - Times of India

Dibrugarh: In one of the largest anti-encroachment drives in recent years, the Lakhimpur district administration on Thursday demolished 218 illegal homes and cleared 288 bighas of encroached land across three Village Grazing Reserves (VGRs).The eviction drive, which was conducted under the supervision of district commissioner (DC) Pronab Jit Kakoty and senior superintendent of police (SSP) Gunendra Deka, saw a massive deployment of police and paramilitary forces, along with 12 excavators, at Phu ...Read More >

Greater Kashmir - Business - News Image
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BusinessJul 04, 2025 01:58 AM

Defence Ministry approves Rs 1.05 lakh crore indigenous military procurement proposals

New Delhi, Jul 3: The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, has approved Acceptance of Necessity (AoN) for 10 capital acquisition proposals worth approximately ₹1.05 lakh crore, all to be sourced indigenously. The approvals, granted under the Buy (Indian - Indigenously Designed, Developed and Manufactured) category, mark a significant boost to the country's drive for self-reliance in defence manufacturing. "These procurements will enhance mobility, stren ...Read More >

psuconnect.in - Business - News Image
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BusinessJul 03, 2025 11:50 AM

Shri Vikram Dingley Appointed Director (Finance) at Shipping Corporation of India

Mumbai: The Shipping Corporation of India Ltd. (SCI) has announced a leadership change with the appointment of Shri Vikram Dingley as Director (Finance). This appointment is effective from July 1, 2025, until December 31, 2025, or until further notice. This decision follows approval from the Ministry of Ports, Shipping and Waterways, as stated in their official letter (Ref: SS-11012/4/2019-US(SU)) dated July 2, 2025. Shri Dingley will take on this role while continuing his current position as D ...Read More >

NewsDrum - Business - News Image
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BusinessJul 01, 2025 07:41 PM

Air freight forwarder Skyways Air Services files draft papers for IPO

New Delhi, Jul 1 (PTI) Air freight forwarding and logistics company Skyways Air Services Ltd has filed preliminary papers with markets regulator Sebi to raise funds through an initial public offering (IPO). The city-based company's IPO is a mix of fresh issue of 32.92 million equity shares and an offer for sale (OFS) of 13.33 million equity shares by promoters and other selling shareholders, according to the draft red herring prospectus (DRHP) filed on Monday. Proceeds from fresh issuance to t ...Read More >

Daily Times - Business - News Image
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BusinessJun 29, 2025 05:37 PM

India's shipping ban fails to disrupt Pakistan's trade flow - Daily Times

KARACHI - India's move to block ships carrying Pakistani goods from entering its ports has failed to significantly impact Pakistan's foreign trade, according to shipping industry experts. On May 2, India imposed a ban on vessels transporting cargo to or from Pakistan, barring them from passing through Indian ports or land routes. The restriction followed India's military operation "Operation Sundoor," which ended within four days due to strong Pakistani retaliation. Initially, India aimed to d ...Read More >

Unknown Source - Business - News Image
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BusinessJun 27, 2025 02:51 AM

Odisha Govt signs two concession agreements for maritime infrastructure projects

Bhubaneswar, June 26 (UNI) The Odisha Government today signed two concession agreements aimed at boosting maritime infrastructure in the state. They include the upgradation of Gopalpur Port and construction of a captive jetty at Jatadhara Muhan. The first agreement was signed between Gopalpur Ports Limited and the Odisha Government for the expansion and modernization of Gopalpur Port with a proposed investment of Rs.16,554 crore. Following this upgradation, the port's cargo handling capacity ...Read More >

The Times of India - Other Politics Sports Business Entertainment - News Image
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Mamata: Why are Bengali-speakers tortured across India every day? | Kolkata News - Times of India

Digha/Kolkata: Why were those speaking Bengali "being tortured across the country every day", CM Mamata Banerjee said on Thursday. Speaking in Digha, where she has gone to attend the first Rath Yatra of the newly inaugurated Jagannath temple, the CM spoke of Bengali-speaking migrant workers being detained at two places in Odisha.Asking Odisha "not to be jealous", Banerjee said while she respected the Puri Jagannath temple, she expected the same respect for the Digha Jagannath temple."I learnt th ...Read More >

The Times of India - Business - News Image
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BusinessJun 27, 2025 02:47 AM

Govt signs agreements for Rs 18k-cr investments in maritime trade infra | Bhubaneswar News - Times o...

Bhubaneswar: Odisha govt on Thursday signed two major concession agreements, promising a combined investment of over Rs 18,000 crore in maritime trade infrastructure which is expected to create 8,450 jobs.Gopalpur Ports Limited committed to a Rs 16,554 crore investment to expand and develop the Adani Group-controlled Gopalpur Port. This will increase the port's cargo handling capacity to 50 million metric tonnes (MMT) -- from the current 20MMT -- and generate approximately 5,000 jobs, further so ...Read More >

The Shillong Times - Business - News Image
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BusinessJun 26, 2025 10:03 PM

Sonowal inaugurates India's first NBFC for maritime sector - The Shillong Times

New Delhi, June 26: Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal on Thursday inaugurated the Sagarmala Finance Corporation Limited (SMFCL), India's first Non-Banking Financial Company (NBFC) in the maritime sector. Formerly known as the Sagarmala Development Company Limited, the SMFCL is now positioned to play a transformative role in India's maritime infrastructure development. A Mini Ratna Central Public Sector Enterprise, the SMFCL has been formally registered as an NBFC ...Read More >

NewsDrum - Business - News Image
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BusinessJun 26, 2025 08:34 PM

Sarbananda Sonowal launches first maritime NBFC -- Sagarmala Finance Corporation

New Delhi, Jun 26 (PTI) Union Minister Sarbananda Sonowal on Thursday launched the country's first non-banking financial company in the maritime sector -- Sagarmala Finance Corporation Ltd (SMFCL). As a sector-specific NBFC, SMFCL is set to bridge financing gaps in the maritime sector and catalyse economic growth, the minister of Ports, Shipping and Waterways said. The corporation will provide financial products -- including short, medium, and long-term funding -- to a diverse range of stakeho ...Read More >

Unknown Source - Business - News Image
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BusinessJun 09, 2025 07:50 AM

World's Largest Container Ship MSC IRINA To Dock At Vizhinjam Seaport

The MSC IRINA boasts an impressive capacity of 24,346 TEUs (File) Ahmedabad: The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, is set to dock at the Adani Group's Vizhinjam International Seaport on Monday and will be berthed till Tuesday. The monumental arrival marks a significant milestone for the seaport, which was dedicated to the nation by Prime Minister Narendra Modi on May 2. The MSC IRINA boasts an impressive capacity of 24, ...Read More >

Sierra Leone Times - Business - News Image
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BusinessJun 08, 2025 11:43 PM

MSC IRINA container ship to dock at Vizhinjam International Seaport

Thiruvananthapuram (Kerala) [India], June 8 (ANI): The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, will dock at the Vizhinjam International Seaport in Thiruvananthapuram, Kerala, on Monday morning and will be berthed until Tuesday. This monumental arrival marks a significant milestone for the seaport, which Prime Minister Narendra Modi dedicated to the nation on May 2. The MSC IRINA boasts an impressive capacity of 24,346 TEUs, mak ...Read More >

Myanmar News.Net - Business - News Image
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BusinessJun 08, 2025 10:54 PM

MSC IRINA container ship to dock at Vizhinjam International Seaport

Thiruvananthapuram (Kerala) [India], June 8 (ANI): The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, will dock at the Vizhinjam International Seaport in Thiruvananthapuram, Kerala, on Monday morning and will be berthed until Tuesday. This monumental arrival marks a significant milestone for the seaport, which Prime Minister Narendra Modi dedicated to the nation on May 2. The MSC IRINA boasts an impressive capacity of 24,346 TEUs, mak ...Read More >

India Gazette - Business Politics Other Entertainment - News Image
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UTT Season 6: Kolkata ThunderBlades move into Playoff spots with 9-6 win vs reigning Champions Dempo...

Ahmedabad, June 8 (SocialNews.XYZ) With Ankur Bhattacharjee, Quadri Aruna, and Adriana Diaz all winning their singles rubbers, Kolkata ThunderBlades beat reigning champions Dempo Goa Challengers 9-6 in the Ultimate Table Tennis (UTT) Season 6 on Sunday. Kolkata's victory saw them move into the playoff spots, occupying fourth with 29 points. Goa, with six more game wins on the board, moved level on points with leaders Jaipur Patriots and U Mumba TT. The tie opened with a gripping clash between ...Read More >

India Gazette - Business - News Image
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BusinessJun 08, 2025 10:40 PM

ICG unveils 76.7m advanced berth near Vizhinjam port to enhance Coastal surveillance

New Delhi [India], June 8 (ANI): The Director General of the Indian Coast Guard (ICG), Paramesh Sivamani, officially inaugurated a new dedicated ICG jetty at Vizhinjam Harbour in Kerala on Saturday. According to the release, the 76.7-metre advanced berth will facilitate the expedited deployment and turnaround of Indian Coast Guard vessels, thereby enhancing operational readiness for critical functions such as coastal surveillance, search and rescue operations, anti-smuggling efforts, and fisher ...Read More >

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