Shipping Industry

Harry Singh Banga's Caravel Group sets sail on a zero-carbon mission

Banga acknowledges that companies have no choice but to adapt, despite energy transition ships running on dual fuels costing up to 20 per cent more than conventional vessels

Updated On: 12 Mar 2025 | 11:50 PM IST

OMC-ShipMin talks for manufacturing domestic large vessels pick up pace

Shipping Ministry wants sectoral players to provide long term contracts for shipowners

Updated On: 12 Mar 2025 | 11:34 PM IST

French shipping firm CMA CGM to invest $20 bn in US, create 10K jobs: Trump

This massive investment will go toward building out shipping, logistics, infrastructure, and terminal expansion

Updated On: 07 Mar 2025 | 6:56 AM IST

ShipMin eyes salt lands for infrastructure expansion in major ports

Last year, DPIIT had sought unused salt lands from Centre and states

Updated On: 25 Feb 2025 | 11:34 PM IST

Honeywell to decarbonise shipping and aviation businesses in India

Company exploring ways to increase production of sustainable jet fuel

Updated On: 24 Feb 2025 | 10:41 PM IST

Maritime fund to spur Rs 1.5 trn investment by 2030: Sarbananda Sonowal

The Rs 25,000 crore MDF will give a strong start to India's shipbuilding journey tells Sonowal

Updated On: 03 Feb 2025 | 12:23 AM IST

Crew abandon Hong Kong-flagged container ship in Red Sea as fire engulfs

An explosion struck a Hong Kong-flagged container ship on Tuesday travelling north through the Red Sea, sparking a major fire that forced its crew to abandon the vessel, shipping industry officials said. The ship was drifting and ablaze some 225 kilometers (140 miles) off the coast of Hodeida, a port city in Yemen held by the country's Houthi rebels, said the Diaplous Group, a maritime firm. It wasn't immediately clear what caused the fire in the Red Sea, which has been repeatedly targeted by attacks from the Houthis. The rebels said last week they were was limiting their assaults following a ceasefire in the Israel-Hamas war in the Gaza Strip. The Houthis did not immediately acknowledge the fire incident. The vessel was abandoned and the crew later rescued unharmed, another maritime industry official told The Associated Press. The official spoke on condition of anonymity as authorization hadn't been given to speak publicly about the incident. The official described the cargo aboar

Updated On: 28 Jan 2025 | 6:57 PM IST

Union Budget 2025-26: Ships likely to be granted infrastructure status

Inclusion in the harmonised master list of infrastructure sectors will allow developers in the sector access to infrastructure lending at easier terms

Updated On: 23 Jan 2025 | 11:41 PM IST

JNPA will become first Indian port cross 10 mn TEU capacity mark: Wagh

JNPA is expected to maintain steady growth, focusing partly on the under-construction Vadhvan Port

Updated On: 12 Jan 2025 | 11:19 PM IST

Cargo handling capacity reached 133 MMT in last 10 yrs: Sarbananda Sonowal

Union Minister Sarbananda Sonowal informed that cargo handling capacity has reached 133 million metric tonnes in the last ten years.Speaking at the 2nd Inland Waterways Development Council (IWDC) meeting in Kaziranga a day earlier, Sonowal said,"In the last 10 years, our cargo handling capacity has reached 133 million metric tonnes... More than Rs 60,000 crores of investment have been made in our National Waterways... In the inaugural session of the Inland Waterways Development Council, we inaugurated projects worth Rs 1400 crores for 21 states of our country...," he said."We aim to increase our cargo capacity to 200 million metric tonnes by 2030 and invest more than Rs 50,000 crore in this sector in the next 5 years...," the minister added.The IWDC, the apex body for policy deliberation on the promotion & propagation of inland waterways in India, witnessed major announcements to boost infrastructure along national waterways on Friday.The meeting also witnessed ministerial ...

Updated On: 11 Jan 2025 | 11:18 AM IST

Union Minister Sonowal launches National River Traffic & Navigation System

The Inland Waterways Development Council (IWDC), apex meet for policy deliberation for the promotion and propagation of inland waterways in India, witnessed major announcements to boost infrastructure along national waterways, a release said on Friday.According to the release, the second meeting of IWDC, organised by the Inland Waterways Authority of India (IWAI), the nodal agency for the development of waterways under the Ministry of Ports, Shipping & Waterways (MoPSW), announced investments of more than RS 50,000 crore in the next five years. A series of new initiatives across 21 Inland Waterway States were announced worth more than Rs 1400 crore, on the occasion. The meeting was presided over by the Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal.The IWDC began with a traditional lamp lighting ceremony by the Chief Minister of Assam, Dr Himanta Biswa Sarma along with the Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal at Kohora in ...

Updated On: 11 Jan 2025 | 8:08 AM IST

Union, employers credit Trump in US port deal that may shape future talks

The success of the International Longshoremen's Association in winning Trump's support for its anti-automation battle could be instructive for unions facing contract renewals during his term

Updated On: 10 Jan 2025 | 9:03 AM IST

Switzerland-based TIL to invest Rs 20,000 crore in Vadhvan Port project

Terminal Investment Limited Sarl (TIL) invests in, develops, and manages container terminals across the globe

Updated On: 23 Dec 2024 | 10:08 PM IST

Global logistics giant DP World expands Rewari terminal facility by 25%

This expansion will increase the monthly freight train handling capacity of the Pali-Rewari rail terminal by 25 per cent, from its current capacity of 192 trains to 240 trains, the company said

Updated On: 18 Dec 2024 | 12:00 AM IST

Climate solution: Sails make comeback in shipping, to dent carbon footprint

Had he continued working aboard fuel-powered cargo ships, Yann Jourdan reckons he'd be earning perhaps four times what he now gets as captain of a sailboat that instead uses the wind's clean energy to transport goods across the Atlantic. But the hit to Jourdan's pay is buying him peace of mind. When his 3-year-old son, Marcel, grows up, the burly French mariner wants to be able to explain what he did to make a dent in the the shipping industry's huge carbon footprint. The international merchant fleet of more than 100,000 ships transports more than 80% of global trade. But it's also responsible for about 3% of global greenhouse gas emissions. Without a quick switch from dirty fuels to cleaner energies, its pollution is forecast to soar. Mariners pushing for wind power say investors used to view them as something of a joke. But as they pioneer a comeback for sail-powered cargo ships, they're having the last laugh. It's our job to prove that it's possible, Jourdan said aboard the new

Updated On: 02 Dec 2024 | 1:22 PM IST

Samsung, Hyundai looking at Indian shipbuilding industry: Sarbanda Sonowal

Sonowal is opening up the Indian seas and ports to the world. In an interview with Dhruvaksh Saha and Shreya Jai in New Delhi, he talks of about the ministry's plans

Updated On: 29 Nov 2024 | 11:24 PM IST

Rewriting maritime map: Centre charts course for broader ship ownership

Shipping ministry seeks maritime overhaul with 4 key bills lined up in Parliament session

Updated On: 28 Nov 2024 | 11:30 PM IST

Major port cargo contracts 3.2% to 68 mt in October, shows govt data

Overseas cargo handled by these ports decreased by 5.5% to 52.9 mmt during the month

Updated On: 24 Nov 2024 | 11:13 PM IST

SCI shares sail up to 6% after Union govt lists three shipping bills

Shares of Shipping Corporation of India (SCI) stock price of the company came into focus after the central government listed three new shipping bills for the winter session of the parliament

Updated On: 22 Nov 2024 | 12:01 PM IST

Suspected attack by Houthi rebels targets commercial ship in Red Sea

A suspected attack by Yemen's Houthi rebels targeted a commercial ship late on Sunday night travelling through the southern reaches of the Red Sea, though it caused no damage nor injuries, authorities said. The attack comes as the rebels continue their monthslong assault targeting shipping through a waterway that typically sees USD 1 trillion in goods pass through it a year over the Israel-Hamas war in Gaza and Israel's ground offensive in Lebanon. A ship's captain saw that "a missile splashed in close proximity to the vessel" as it travelled near the Bab el-Mandeb Strait connecting the Red Sea to the Gulf of Aden, the British military's United Kingdom Maritime Trade Operations centre said in an alert. The attack happened some 48 kilometres west of Yemen port city of Mocha. "The vessel and crew are safe and proceeding to its next port of call," the UKMTO added. The Houthis did not immediately claim the attack. However, it can take the rebels hours or even days to acknowledge their

Updated On: 18 Nov 2024 | 8:40 AM IST