The Department of Financial Services, under the Ministry of Finance, has launched the Bharat Maritime Insurance Pool (BMIP) with a capacity of $1.5 billion, backed by a sovereign guarantee of $1.4 billion (Rs 129.8 billion), […]
JSW Infrastructure has received customs clearance to commence operations at its container terminal at Netaji Subhash Dock (NSD) under Syama Prasad Mookerjee Port Authority, Kolkata (SMPK), for berth no. 7 and the adjoining backup area. […]
On March 14, 2026, the union government inaugurated the Haldia Bulk Terminal developed by Adani Ports and Special Economic Zone, marking the launch of India’s first fully automated dry bulk cargo facility. Located at the […]
Sagarmala Finance Corporation Limited (SMFCL) has sanctioned loans worth Rs 108.82 billion within five months of commencing lending operations. Among the sanctions, Rs 39.38 billion was approved for Ramayapatnam Port, Rs 21 billion for Machilipatnam […]
Deendayal Port Authority (DPA), Kandla has signed a memorandum of understanding (MoU) with GH2 Solar Limited to conduct a joint feasibility study and develop a strategic roadmap for exporting liquid green hydrogen from Deendayal Port […]
The Cabinet Committee on Economic Affairs has approved the development of a state-of-the-art ship repair facility at Vadinar, Gujarat, on May 5, 2026. With an investment of Rs 15.7 billion, the project will be jointly implemented […]
Adani Ports and Special Economic Zone (APSEZ) reported a robust operational performance in April 2026, handling 43.1 million metric tonnes (mmt) of cargo, marking a 15 per cent year-on-year increase. The growth was driven primarily […]
The government of India plans to add 62 vessels in 2026-27, backed by an investment of Rs 513.83 billion, creating an additional 2.85 million gross tonnage (GT) capacity. The initiative is part of a broader […]
V.O. Chidambaranar Port Authority (VoCPA) has signed two key MoUs during Singapore Maritime Week to strengthen its push toward a green maritime ecosystem. The first agreement, with DNV, focuses on developing a port readiness certification […]
South Korea’s HD Hyundai Heavy Industries has moved closer to building a $4 billion greenfield shipyard in Thoothukudi, Tamil Nadu, after signing a memorandum of understanding in New Delhi, on April 20, 2026. The agreement […]
Union Cabinet has approved a Rs 129.8 billion sovereign-backed Bharat Maritime Insurance Pool (BMI Pool) to strengthen the country’s shipping sector and reduce reliance on foreign insurers. It will provide comprehensive coverage including hull, cargo, […]
Adani’s Gangavaram Port has achieved a significant milestone by handling its deepest-ever draft vessel, setting a new benchmark across the Adani Ports and Special Economic Zone network. The port successfully berthed a large bulk carrier, […]
Kandla Container Terminal, operated by the J M Baxi Group, has been recognised as the fastest-growing terminal at Kandla during the FY 2025-26 Annual Recognition Awards by the Deendayal Port Authority. The terminal handled 632,033 […]
A Norwegian company, Kongsberg Maritime, has secured a major contract to supply 18 advanced Kamewa waterjet propulsion systems for the Indian Navy’s Next Generation Missile Vessel (NGMV) programme. These systems will power six high-speed missile […]
Titagarh Naval Systems Limited (TNSL), a subsidiary of Titagarh Rail Systems, has received in-principle approval from the Ministry of Ports, Shipping and Waterways for the brownfield expansion of its shipyard at Falta, West Bengal. The […]
The union minister for ports, shipping and waterways has laid the foundation stones for India’s first riverine lighthouses along the Brahmaputra river, marking a major step in strengthening inland waterway navigation. The project, undertaken by […]
The Kerala government has inaugurated Phase I of the Akkulam-Chettuva waterway project, in February 2026. Additionally, the corridor is likely to be extended to the Vizhinjam international seaport. The project involved the development of the […]
The Kerala government has signed MoUs worth Rs 20 billion with three central PSUs to build a comprehensive logistics ecosystem around the Vizhinjam international seaport. The agreements with Indian Oil Corporation Limited (IOCL), the Container […]
The National Green Tribunal (NGT) has granted approval for the development of the International Container Transshipment Terminal (ICTT) Project at Galathea Bay. The project involves the development of a ICTT with a free trade warehousing zone […]
The Ministry of Ports, Shipping and Waterways (MoPSW) has approved the construction of a road over bridge (ROB) at LC-235 at Deendayal Port Authority. With an estimated at a cost of Rs 1,325.1 million, the project is […]
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