Govt to boost Maritime Development Fund to ₹70,000 crore, nearly triple budget allocation

The Indian government is significantly increasing the Maritime Development Fund to ₹70,000 crore, aiming to bolster the maritime sector. This expansion supports shipyards, infrastructure, and shipping tonnage, aligning with ambitious goals for 2047. Recent legislative changes and financial schemes further demonstrate India’s commitment to becoming a global shipbuilding hub, competing with nations like South Korea […]

The NCLT dismissed SKIL Infrastructure’s plea to withdraw from insolvency proceedings after settling with Amluckie Investment. Other financial creditors, including Bank of India, UCO Bank, and Edelweiss ARC, opposed the withdrawal. The lenders have submitted claims of ₹13,715.15 crore, with ₹12,504.74 crore admitted. The tribunal directed the IRP to form a CoC and proceed according […]

Indian Independence Day: Walchand Hirachand, known as the “Transport Man of India,” spearheaded the nation’s transport industry before Independence. He established India’s first ship, aircraft, and car manufacturing units, now known as Hindustan Aeronautical Limited, Hindustan Shipping Limited and Premier Automobiles.

Top executives from FedEx, UPS, Aramex, and DHL will face cross-examination by a publishers’ group alleging price collusion, despite an earlier antitrust probe clearing the courier companies. This rare move by the Competition Commission of India could alter the investigation’s findings and prolong the case, impacting the growing Indian courier market. The publishers aim to […]

Celcius Logistics has launched Celcius+, a specialized logistics arm for the pharmaceutical supply chain, investing ₹50 crore to create a dedicated pharma fleet and infrastructure. The company aims to achieve ₹100 crore in annual recurring revenue within 18 months.

India’s logistics industry witnesses a boom. However, MSMEs in Tier 2 cities face PTL shipping challenges. Bigship aims to bridge this gap with its courier aggregator model. It offers real-time tracking and rate comparisons. Bigship focuses on lowering logistics costs and improving delivery flexibility for MSMEs. The company expands delivery coverage across India.

Parliament has given its approval to The Merchant Shipping Bill, 2025, which aims to broaden the criteria for owning merchant shipping vessels. This bill allows the central government to detain vessels lacking nationality within India or its coastal waters.

Shipping Corporation of India is planning a big purchase. It will buy twenty-six ships made in India. This is part of a government plan. The goal is to boost India’s shipbuilding industry. Other sectors like petroleum and steel will also buy ships. The total value of these orders is very high.

Adani Ports and Special Economic Zone (APSEZ) is receiving positive sentiment from leading brokerages like Goldman Sachs and HSBC, with unanimous ‘BUY’ ratings following a strong first-quarter performance. The company reported revenue growth and margin improvements across its business verticals. APSEZ’s focus on EBITDA growth and end-to-end solutions, along with new asset contributions, supports its […]

The Lok Sabha passed the Merchant Shipping Bill, 2024, amidst opposition protests, aiming to modernize maritime legislation and address India’s evolving economic needs. This bill broadens vessel ownership eligibility and grants the government authority to detain stateless vessels within Indian waters. It repeals the Merchant Shipping Act of 1958, introducing contemporary provisions for marine casualty […]