LNG transits through the Strait of Hormuz dropped from almost 0.8 cargoes daily in late June to only 0.2 by July 15, vessel tracking data shows. A renewed escalation in the US-Iran conflict is sharply reducing liquefied natural gas (LNG) exports from the Persian Gulf, according to new analysis from global energy analytics firm S&P...
Category: Ports & Shipping
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Porbandar Shipbuilding Cluster, Vadinar Repair Facility Get Government Nod
The approvals include a greenfield shipbuilding cluster on the western coast and financial support for one of Indiaâs largest ship repair facilities. The Ministry of Ports, Shipping and Waterways (MoPSW) has accorded inâprinciple approval for a greenfield shipbuilding cluster in Porbandar district of Gujarat and a stateâofâtheâart ship repair facility at the port town of...
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GIFT City Units Freed from Coastal Shipping Licence, Boosting Indiaâs Maritime Finance Hub
This landmark maritime reform is set to drive leasing, financing, and shipâowning through GIFT City, while opening Indiaâs maritime assets to deeper global capital participation. In a landmark reform, the Centre has exempted units established in the International Financial Services Centre (IFSC), GIFT City, Gandhinagar, from the licensing requirement under Section 11 of the Coastal...
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Kamarajar Port Joins Visakhapatnam as Indiaâs Second 18âMetre DeepâDraft Port
This will deliver major economic gains to regional trade while enhancing the portâs competitiveness against domestic and global peers. Kamarajar Port Ltd (KPL) has emerged as a deepâwater port capable of handling Capesize vessels following completion of the sixth phase of its Capital Dredging project. With an operational draft of 18 metres, the port 22...
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Mumbai Port Unveils âč50.29 Billion Projects on 154th Foundation Day
Agreements aimed at consolidating operations, advancing waterfront development, and optimising asset use were exchanged during the event. The Mumbai Port Authority, Indiaâs oldest major port on the west coast, marked its 154th Foundation Day by announcing 63 projects worth a total of âč50.29 billion across three phases. These include seven projects for inauguration valued at...
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India-EU Set to Deepen Cooperation on Sustainable Ship Recycling
The EU has proposed forming a joint working group to drive the next phase of this partnership. India and the EU have reaffirmed their commitment to closer cooperation in sustainable ship recycling, expressing confidence in the progress made toward including Indian facilities under the European Union Ship Recycling Regulation (EUSRR). On Wednesday, Union Minister for...
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VOC Port Sets Benchmark in Green Maritime Growth With 45% Emission Cut
The portâs first sustainability report shows renewable energy now offsets nearly 94 per cent of total consumption, while net carbon emissions have fallen by about 45 per cent. Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal has commended VO Chidambaranar Port Authority (VOCPA) for emerging as a model of sustainable maritime development in India....
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India Clears LNG Diversification Test Amid West Asia War and Hormuz Closure
Even as the Strait of Hormuz reopens to restore energy flows and bolster market confidence, normalisation and inventory recovery will take longer, a new S&P analysis has noted. Indiaâs diversified energy sourcing strategy mitigated major disruptions caused by the West Asia conflict, keeping April and May 2026 liquefied natural gas (LNG) imports near normal levels...
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India Surges to Global Leadership in Ship Recycling with 35% Market Share
Indiaâs ship recycling sector expanded to 2.99 million gross tonnes (GT) in 2025, nearly 60 per cent higher than 1.86 million GT in 2024, achieving the Maritime India Vision 2030 target of global leadership well ahead of schedule. India has emerged as the worldâs leading ship recycling nation in 2025, ranking first globally, according to...
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Sonowal Launches Port Performance Index, Digital Maritime Reforms to Boost Competitiveness
Developed under the Sagar Aankalan framework, the index serves as a national benchmark to evaluate and enhance the operational performance of Indian ports. As part of its maritime modernisation drive, India has unveiled the Logistics Port Performance Index (LPPI) for FY2024â25, alongside four major digital initiatives aimed at enhancing governance, transparency, and ease of doing...