Union Minister Sonowal to inaugurate BIMSTEC ports conclave in Vizag on July 14

Union Minister Sarbananda Sonowal will inaugurate the second BIMSTEC ports conclave in Visakhapatnam on July 14, aiming to boost regional maritime cooperation. The two-day event, themed ‘Navigating the Future,’ will gather delegates from BIMSTEC nations, port authorities, and experts. The conclave is expected to strengthen Visakhapatnam’s position as a strategic maritime hub.

Vizhinjam port marks its first anniversary. Ports Minister V N Vasavan shares the port’s achievements. Nearly 400 ships docked, including ultra-large vessels. Vizhinjam becomes the number one port on India’s south-east coast. The port handled 8.3 lakh containers. Phase two construction costing over Rs 10,000 crore will begin soon. The port aims to be India’s […]

The shipping ministry is pushing for tax parity between domestic and foreign-flagged ships to level the playing field. Indian shippers face about 20% higher costs due to domestic levies, impacting their competitiveness in global tenders. Proposed tax adjustments aim to boost the use of Indian-flagged vessels and address the challenges hindering the growth of India’s […]

Syama Prasad Mookerjee Port, Kolkata (SMPK) showcased robust growth in the first quarter of FY’26, handling 17.18 million metric tons of cargo, a 21.21% increase year-over-year. The port experienced a significant surge in container traffic, with a 29.02% rise, alongside substantial increases in key commodities like vegetable oil, coking coal, and POL, solidifying its crucial […]

The ‘MSC ELSA 3’ container ship sank off Kerala coast on May 25. Its owner is responsible for pollution clean-up and compensation. The state government sought ₹9,531 crore. However, the owner’s liability is capped at ₹125 crore. This is due to an international maritime treaty. The treaty limits liability based on ship size and incident […]

Big news for Indian shipping. Interorient Navigation and Danship & Partners, from Cyprus, are set to invest significantly. They plan to inject Rs 10,000 crore into the sector. This marks the largest foreign investment since 2005. The investment promises to boost India’s maritime capabilities. It will also create new opportunities within the industry.

India’s shipbuilding sector is set for a big change. HD Korea and Cochin Shipyard Limited have signed a pact. India aims to be among the top shipbuilding nations by 2030. The partnership will boost India’s shipbuilding capabilities. India wants to reduce reliance on foreign vessels. The government is supporting the sector with financial incentives.

JSW Infrastructure has secured a Rs 740-crore port project from Syama Prasad Mookerjee Port Authority to reconstruct berth 8 and mechanize berth 7 at Netaji Subhas Dock. Awarded under the PPP model with a 30-year concession, the project aims to enhance container handling capacity.

The Kaladan project, linking India and Myanmar, aims to boost Northeast connectivity. Union Minister Sarbananda Sonowal announced its completion by 2027. This project will shorten the Aizawl-Kolkata distance by 700 km. The Sittwe port is ready, and road development is underway. The project receives significant investment to develop waterways. It will transform the Northeast into […]

Union Minister Sarbananda Sonowal announced the Kaladan Multi-Modal Transit Transport Project, enhancing Northeast India-Myanmar connectivity, will be fully operational by 2027. With a Rs 5,000 crore investment, the government aims to boost waterways and maritime sectors, training 50,000 Northeast youth for maritime jobs.