Large ships may serve as collateral for loans

India is poised to allow large ships as loan collateral, aiming to ease financing for its maritime industry. This move, coupled with the proposed Maritime Development Fund of ₹25,000 crore and Shipbuilding Financial Assistance Policy 2.0, seeks to boost Indian flagged ships’ global cargo share to 20% by 2047 and attract significant investment in the […]

Syama Prasad Mookerjee Port-Kolkata is collaborating with IIT-Kharagpur to revitalize the Hooghly riverbanks and ghats, aiming to boost tourism. A master plan is underway to establish a river cruise terminal, similar to those in Varanasi and Assam.

India prepares a massive maritime investment plan. The $1 trillion roadmap aims to transform ports, shipping, and logistics. Sarbananda Sonowal highlights opportunities for joint ventures. Focus areas include cargo terminals, shipbuilding, and green hydrogen hubs. India Maritime Week 2025 discussions emphasize shipbuilding capacity and green shipping. The nation aims to boost its blue economy.

Garden Reach Shipbuilders and Engineers Limited shows strong prospects. The company is pursuing shipbuilding orders. GRSE delivered its 110th warship to the Navy. It is the lowest bidder for Navy’s New Generation Corvette program. The company is strengthening its ship repair business. GRSE created a Commercial Shipbuilding Division. Revenue from operations rose 41 per cent.

Adani Group’s Vizhinjam International Seaport has achieved a major milestone. The port handled over 1 million TEUs in nine months. Kerala’s Minister for Ports, V N Vasavan, marked this achievement at a ceremony. Vizhinjam has welcomed over 460 vessels since its launch in December 2024. The port exceeded initial projections. It is reshaping India’s maritime […]

Union Minister Sarbananda Sonowal announced plans to explore launching a dedicated satellite or acquiring a transponder to bolster India’s maritime governance and port management. This initiative aims to enhance vessel traffic monitoring, improve navigational safety, and strengthen disaster preparedness along India’s coastline and Exclusive Economic Zone (EEZ).

Adani Ports is investing Rs 600 crore to develop a 70-acre logistics park in Kochi, Kerala. This project, under the Invest in Kerala initiative, aims to transform the state into a major logistics and industrial hub. The development signifies a crucial advancement in strengthening Kerala’s infrastructure and economic capabilities.

Andhra Pradesh government is planning to develop three major ports. Andhra Pradesh Maritime Board and APM Terminals signed an agreement for this project. The project investment is nine thousand crore rupees. The ports to be developed are Ramayapatnam, Machilipatnam and Mulapeta. This project will generate ten thousand direct jobs. Andhra Pradesh aims to become the […]

The Parliament has approved the Indian Ports Bill, 2025, aiming to elevate India’s maritime operations to global standards. Union Minister Sarbananda Sonowal highlighted that the bill will bring discipline to port operations, aligning with international best practices and environmental standards.