India’s financial capital is set to host a world‑class marina that aims to stand alongside leading global destinations such as Florida, Singapore and Dubai. The Union Government has approved the Viksit Bharat Mumbai Marina project in Mumbai Harbour at an estimated cost of ₹8.87 billion, marking a major push for coastal shipping, maritime tourism and...
Category: Ports & Shipping
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India Launches First All‑Electric Tug at Deendayal Port, Accelerates Green Maritime Shift
Through its Green Tug Transition Programme (GTTP), India plans to induct 50 green tugs by 2030, beginning with 16 in Phase 1 between 2024 and 2027. India has taken a decisive step toward maritime decarbonisation with the launch of its first all‑electric green tug under the Green Tug Transition Programme (GTTP). On Wednesday, the Union...
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India Secures Top Vote in IMO Council Re‑Election for 2026-27
India secured 154 of 169 valid votes at the 34th IMO Assembly in London, topping the category of nations with the largest stake in international seaborne trade. India has been re‑elected to the Council of the International Maritime Organization (IMO) for the 2026-27 biennium, securing the highest number of votes in Category B, which represents...
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IWAI Signs ₹13.5 Billion MoUs to Boost Ganga Waterway in Uttar Pradesh
During India Maritime Week (IMW) 2025 in Mumbai, IWAI signed agreements covering river cruises, ship repair, multimodal connectivity, and clean‑energy transport along National Waterway‑1. Inland Waterways Authority of India (IWAI), the nodal agency under the Ministry of Ports, Shipping & Waterways (MoPSW), has announced agreements worth more than ₹600 billion for the development and expansion...
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SMFCL Board Clears $3 Billion Borrowing Plan to Accelerate Maritime Infrastructure Financing
The corporation has outlined a comprehensive financing framework to support the entire maritime value chain, with particular emphasis on vessel financing. In a major boost to India’s maritime financing ecosystem, the board of Sagarmala Finance Corp. Ltd (SMFCL) has approved an overall borrowing plan of ₹250 billion ($3 billion) to support infrastructure development across the...
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IWAI Signs MoUs to Boost Assam’s Inland Waterways and Industrial Logistics
The agreements seek to strengthen Assam’s inland water transport network and industrial logistics. The Inland Waterways Authority of India (IWAI), the nodal agency for the development of waterways, has signed two memoranda of understanding (MoUs) to strengthen Assam’s inland water transport network and industrial logistics, marking a major step in advancing sustainable connectivity and regional...
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Northeast to Anchor India’s Inland Waterways Revival, Says Shipping Minister Sonowal
Speaking at an energy conclave in Guwahati on Thursday, Sonowal said the rapid modernisation of India’s inland waterways is unlocking major economic opportunities while strengthening petroleum supply chains and export routes from Assam to Bangladesh and Southeast Asia. Union Minister for Ports, Shipping, and Waterways Sarbananda Sonowal has stated that inland waterways, particularly those in...
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Green Ferry Infrastructure on Yamuna to Transform Delhi Cruises and Transport: Sonowal
Developed at an estimated cost of ₹200 million, the Yamuna Boat Tourism and Ferry Infrastructure Project is currently under review, with facilities being readied to support future operations. Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal has said that river cruises and ferry services in Delhi will receive a fillip with the launch of...
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RVNL Expands Beyond Rail with ₹5.35 Billion Visakhapatnam Port Authority Infrastructure Deal
The partnership signals RVNL’s strategic shift from a rail‑focused enterprise to a comprehensive infrastructure provider, in line with its vision of ‘From Rail Infra to All Infra’. Rail Vikas Nigam Ltd (RVNL), a Navratna public sector enterprise under the Ministry of Railways, has signed a memorandum of understanding (MoU) with Visakhapatnam Port Authority (VPA) for...
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IWAI Boosts Inland Cargo with PPP Transfer of Kalughat, Haldia Terminals
IWAI has significantly upgraded the 1,390 km stretch of National Waterway-1 through fairway development, construction of multimodal and intermodal terminals, modern navigational infrastructure, and over 60 community jetties to support riverine communities. The Inland Waterways Authority of India (IWAI) has marked two major milestones under the Jal Marg Vikas Project (JMVP) on National Waterway-1, with...