Shipbuilding Sector

Shipbuilding shares sink; Mazagon Dock, GRSE, Cochin Ship tank up to 10%

Cochin Shipyard, Garden Reach Shipbuilders & Engineers and Mazagon Dock Shipbuilders have corrected up to 51% from their respective 52-week highs touched in July 2024.

What does the global shipbuilding industry look like, and where is India?

India's shipbuilding industry aims to become one of the top ten by 2030, here is where India stands compared to the rest of the world

Shipbuilders from Japan, Korea keen to invest here: Sarbananda Sonowal

Sonowal says coastal states to soon have own shipbuilding policies

New shipbuilding scheme to incentivise Indian shipyards till 2035

Ministry of Ports, Shipping and Waterways (MoPSW) is working on a new shipbuilding scheme, which would incentivise Indian shipyards till 2035 by various measures, a senior government official has said. Ports, Shipping and Waterways Secretary T K Ramachandran further said with the new policy, India will endeavour to be among the top 10 shipbuilding nations by 2030 and the top five by 2047, from 22nd in the world at present. "Yes, this ministry is working on a new shipbuilding scheme, which would incentivise Indian shipyards till 2035 by various measures," he told PTI. Ramachandran also said global cruise major MSC Cruises, based out of Geneva, has expressed willingness to deploy their ships for domestic itinerary. He said MoPSW in coordination with Ministry of Petroleum and Natural Gas is planning to have a JV between Shipping Corporation of India (SCI) and oil marketing companies to own large tankers. "The model of ownership is still to be decided depending upon demand requirement

Union Budget 2024: Govt puts focus on shipbuilding, cruise tourism reforms

Shipbuilding, Cruise Push to Pave Way for Employment, says Sonowal

This BSE listed ship breaking stock has zoomed 79% in 4 trading days

Shares of Hariyana Ship Breakers were locked in the upper circuit for the fourth straight trading day, up 10% at Rs 222.90, also its record high on Tuesday.

From 2030, only India-made ships likely in coastal, inland waterways ops

Govt to come up with new shipbuilding policy as part of 100-day plan

Gautam Adani to start shipbuilding at Mundra port amid global demand surge

The Adani Group's undisclosed shipbuilding initiative is embedded within Mundra Port's Rs 45,000 crore expansion plan, recently cleared by environmental authorities

SCI share price up 4% after in-principle nod for GIFT City subsidiary

The surge in stock price came after Shipping Corporation of India said that it has been granted in-principle approval to form a wholly-owned subsidiary at GIFT City

Shipbuilding stocks on roll; Cochin, GRSE zoom upto 58% so far in Apr

Thus far in the month of April, these stocks have zoomed up to 58 per cent

World's largest cruise ship begins its maiden voyage from the Port of Miami

The world's largest cruise ship is set to begin its maiden voyage Saturday as it gets underway from the Port of Miami. Royal Caribbean's Icon of the Seas, which runs nearly 1,200 feet (365 metres) from bow to stern, is leaving South Florida for its first seven-day island-hopping voyage through the tropics. The ship was officially christened Tuesday with help from soccer legend Lionel Messi and his Inter Miami teammates. Icon of the Seas is the culmination of more than 50 years of dreaming, innovating and living our mission to deliver the world's best vacation experiences responsibly," Royal Caribbean Group President and CEO Jason Liberty said earlier this week. She is the ultimate multigenerational family vacation, forever changing the status quo in family travel and fulfilling vacation dreams for all ages on board. When the Icon of the Seas was first revealed in October 2022, the ship spurred the single largest booking day and the highest volume booking week in Royal Caribbean's .

Kochi poised to become important shipbuilding hub, says Sarbananda Sonowal

The minister said that CSL is the biggest operational ship repair ecosystem infrastructure in South Asia

Cochin Shipyard gains 7% in weak market on winning Rs 550 cr overseas order

The company has received an order of Rs 550 crore from Norway-based global logistics solution provider Samskip Group.

Cochin Shipyard hits new high after a 5-year gap; zooms 96% in 4 months

The stock hit a new high of Rs 610.75, and has rallied 12 per cent in past two days, surpassing its previous high of Rs 598.90, touched on November 24, 2017.

Cochin Shipyard, Mazagon Dock soar up to 8% on hopes of strong Q2 results

Thus far in FY23, MDL (up 277%), GRSE (201%) and Cochin Shipyard (185%) have seen their market price appreciated more than 100%, as against nearly 4% rise in Sensex.

Smooth sailing for shipbuilders in choppy markets; up to 27% upside likely

Mazagon Dock Shipbuilders, Garden Reach Shipbuilders & Engineers, and Cochin Shipyard have surged 129 per cent, 121 per cent, and 49 per cent each so far this year

Build more Scorpene subs while waiting for Project 75-I: Rahul Shrawat

Rear Admiral (Retd) Rahul Shrawat, who heads Naval Group India, talks to Ajai Shukla about Naval Group's ambitions

Indian skilled workers to get job opportunities in 14 sectors in Japan

A joint working group will be set up to follow up the implementation of this MOC

Mazagon Dock Shipbuilders IPO: Strong order book, zero debt bode well

Mazagon is India's only shipyard engaged in building destroyers and conventional submarines for Indian Navy

Shipbuilders go through grim scenario; Cochin Shipyard IPO to open on Aug 1

Buyouts, realignments bringing no change; govt defence deals new focus area for major players