The Haldia terminal in West Bengal will be managed by IRC Natural Resources, which won the bid with a ₹105.03-per-tonne royalty to IWAI. The Inland Waterways Authority of India (IWAI), under the Ministry of Ports, Shipping and Waterways, has formally handed over the Haldia Multi-Modal Terminal (MMT) to IRC Natural Resources, marking a key milestone...
Category: Ports & Shipping
Post
Post
Sonowal Unveils Eight Maritime Projects to Mark New Mangalore Port’s Golden Jubilee
Cruise terminal, hospital, and green infrastructure anchor NMPA’s transformation into a smart, sustainable gateway. Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal launched eight major infrastructure projects for the New Mangalore Port Authority (NMPA) in New Delhi on Wednesday, marking the port’s golden jubilee celebrations. The initiatives include a state-of-the-art cruise terminal, modern covered...
Post
India Unveils $1 Trillion Maritime Roadmap Ahead of Global Shipping Summit
Shipping Minister Sarbananda Sonowal on Tuesday outlined green shipping, port modernisation, and the creation of 15 million jobs as key growth areas under India’s maritime vision for Viksit Bharat@2047. Planned investments worth ₹80 trillion, the creation of 15 million jobs, and a decisive push towards green shipping are part of India’s strategy to achieve global...
Post
India Designates Three Major Ports as Green Hydrogen Hubs under National Mission
Projects in these zones will qualify for benefits under central and state schemes, including those aligned with the Green Hydrogen Mission. In a strategic push to build an integrated hydrogen ecosystem and accelerate India’s clean energy transition, the Ministry of New and Renewable Energy has formally recognised three major ports—Deendayal Port Authority (Gujarat), VO Chidambaranar...
Post
India Flags Third VLGC ‘Shivalik’ as Maritime Push Gains Momentum
The minister also confirmed that the state-owned Shipping Corp. of India is working with oil PSUs to aggregate demand for 112 vessels and form a joint venture for long-term fleet augmentation, an initiative that could save India up to $75 billion in foreign exchange annually paid to foreign shipping lines. In a major boost to...
Post
India Anchors $8 Billion Maritime Investment Wave
Bhavnagar event sees MoUs signed for new ports, shipbuilding clusters, green transport, and financing partnerships. India’s maritime sector is poised for a transformative leap, with potential investments totalling ₹660 billion ($7.9 billion) inked at the recent ‘Samudra Se Samriddhi: Transforming India’s Maritime Sector’ event held on September 18 and 19 in Bhavnagar, Gujarat. According to...
Post
Cochin Shipyard Partners with HD Korea to Build Large Vessels, Invests Rs 18.7 Billion in Kochi Facility
CSL also signed a second MoU with Guidance, Tamil Nadu’s nodal investment agency, to catalyse the development of shipbuilding clusters and strengthen regional maritime infrastructure. Cochin Shipyard Ltd (CSL), India’s largest shipbuilding and maintenance facility, has signed a strategic memorandum of understanding (MoU) with HD Korea Shipbuilding & Offshore Engineering to advance long-term collaboration in...
Post
India Unveils ₹697 Billion Maritime Revamp to Boost Shipbuilding, Jobs, and Global Competitiveness
Central to the package is the extension of the Shipbuilding Financial Assistance Scheme (SBFAS) until March 31, 2036, backed by a corpus of ₹247.36 billion. The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a comprehensive package worth ₹697.25 billion to revitalise India’s shipbuilding and maritime ecosystem. The initiative adopts a four-pillar strategy...
Post
India’s Coastline Will Drive Prosperity: PM Modi Unveils ₹60 Billion Maritime Projects in Gujarat
Speaking at Bhavnagar, Prime Minister Narendra Modi laid the foundation stone for the world’s first compressed natural gas (CNG) terminal and a brownfield port, launching ₹60 billion worth of projects to boost India’s coastal economy, logistics capacity, and global trade integration. Prime Minister Narendra Modi has said that India’s coastline will become the gateway to...
Post
SDHI Signs ₹42.5 Billion Shipbuilding Pact with GMB, Partners with SMFCL to Advance Maritime India Vision
Anchored in Maritime India Vision 2030 and the Amrit Kaal Vision 2047, the agreements signal a strategic leap in infrastructure, skills, and global maritime competitiveness. Swan Defence and Heavy Industries (SDHI), India’s largest shipbuilding and heavy fabrication firm, has signed two strategic memoranda of understanding (MoUs) aimed at accelerating the country’s maritime manufacturing ecosystem. Inked...