Dredging Corp plans to tap biz opportunities in foreign markets, says CEO Dubey

Dredging Corporation of India (DCI) is actively pursuing business opportunities in the Middle East, South East Asia, and South Asia, driven by a significant fleet shortage and rising demand. Domestically, DCI aims to capitalize on port expansions by major players like AMNS India, JSW Group, and Adani Group, along with opportunities in dam and reservoir […]

The Kolkata Port Trust plans to convert three retired pilot boats into tourist attractions. These vessels, PL Rupsa, PL Hooghly and PL Gopal, will become floating cafes, museums, or wedding venues. The port authority invites proposals from entrepreneurs. This initiative aims to rejuvenate Kolkata’s riverfront. The port offers free berthing and jetty space to encourage […]

India’s major ports experienced a 4.3% surge in cargo handling, reaching 855 million tonnes in FY 2024-25, fueled by container, fertilizer, and POL throughput. Paradip and Deendayal ports exceeded 150 MT, while JNPA achieved a record 7.3 million TEUs. Increased private investment and land allocation for industrialization signal strong confidence in port-led development.

India approves three Russian insurers, including a Sberbank unit. They will provide marine cover for ships at Indian ports. This move helps Russia maintain oil supplies to India. India is a top buyer of Russian oil after China. Russia is India’s top oil supplier for the third year. New Delhi benefits from cheap Russian oil.

The Mumbai bench of the NCLT rejected Adani Ports’ plea for a delayed resolution plan for Tuticorin Coal Terminal, favoring the exploration of more bids. The tribunal noted the company’s improved financial performance during the CIRP, suggesting broader investor interest. Currently, lenders are evaluating a proposal from Seapol Port, the remaining bidder for the asset.

India is set to boost its shipbuilding industry with mega centers in Andhra Pradesh, Tamil Nadu, and Gujarat. HD Hyundai is reportedly partnering with Cochin Shipyard Limited (CSL) to build large vessels, potentially investing ₹10,000 crore in Thoothukudi, Tamil Nadu.

Geopolitical tensions between India and Pakistan are causing concern among foreign importers, who are seeking updates from Indian suppliers. Cargo movement has slowed at some ports, and banks are taking longer to process documents for shipments to Turkiye due to its support for Pakistan.

In response to the ongoing tensions between India and Pakistan, the Directorate General of Shipping has elevated maritime security to MARSEC Level 2 for Indian ports, terminals, and vessels. This heightened security posture involves implementing additional protective measures and closely monitoring potential threats.

Union Minister Sarbananda Sonowal reviewed key maritime projects in Mumbai, emphasizing smooth cargo operations and India’s maritime leadership. He assessed the progress of projects like the National Maritime Heritage Complex, Vadhvan Port, Chabahar Port, and Sittwe Port.

Adani Ports and SEZ is strategically targeting expansion into high-growth markets like the Philippines, Vietnam, and Indonesia, alongside the Middle East. This international push aligns with plans to refinance ₹9,034 crore in debt and a ₹12,000 crore investment this fiscal year. The company aims to shift its volume mix, increasing international throughput to 140-150 MMT […]