Scaled execution of ongoing projects is expected to generate at least 5,000 additional jobs over the next two to three years. Most of these will come through vendor and supplyâchain partners. Swan Defence and Heavy Industries Ltd (SDHI), Indiaâs leading shipbuilding and heavy fabrication firm, has more than doubled its workforce over the past 18...
Category: Ports & Shipping
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AM/NS India Secures 30âYear Concession for Paradip Port Berth
The 30âyear concession will streamline cargo movement and boost AM/NS Indiaâs operational efficiency. The Paradip Port Authority (PPA) has formally granted an award of concession to AMNS Paradip Logistics Private Ltd (APLPL), a specialâpurpose vehicle of AM/NS India, for mechanisation of Central Quay (CQ)âIII berth to handle dry bulk cargo on a captive basis with...
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SDHI Secures Svitzer Contract to Build Four Advanced TRAnsverse 3200 Tugs
The TRAnsverse 3200 tugs will run on biofuels, meet global emission standards, and feature advanced firefighting systems. Swan Defence and Heavy Industries (SDHI), Indiaâs largest shipbuilding and heavy engineering company, has won a contract from Denmarkâbased towage operator Svitzer to construct four advanced TRAnsverse 3200 tugs. Deliveries are scheduled to begin in early 2028. This...
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Sonowal Calls for TechnologyâLed Maritime Security as Indiaâs Port Network Grows
The Union Minister stressed that Indiaâs expanding port network and growing role in global trade demand resilient, integrated systems capable of countering emerging cyber and geopolitical threats. Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal, has called for a technologyâled transformation of Indiaâs maritime security architecture, reiterating that the countryâs expanding port network and...
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INS Malvan Commissioned with AM/NS India Steel Backbone
The specialised steel from the company’s Hazira facility reflects the growing role of domestic manufacturers in Indiaâs defence ecosystem and maritime security. In a major boost to selfâreliance in advanced steelmaking, ArcelorMittal Nippon Steel India (AM/NS India) supplied 100 per cent of the specialised steel required to build INS Malvan. The Indian Navyâs latest indigenously...
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Strait of Hormuz Conflict Stalls Persian Gulf LNG Exports, S&P Global Says
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...
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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...