Rs 30,000 crore maritime development fund to help shipbuilding

India is launching a ₹30,000 crore Maritime Development Fund to bolster its shipbuilding industry and aims to lead the world in ship recycling by 2030. The government is also planning three mega shipbuilding clusters and extending financial assistance programs to support the industry’s growth.

The Karnataka Maritime Board has invited bids for the construction of a deepwater port at Pavinakakurve village. Estimated to cost Rs 3048 crore, the port will have a cargo handling capacity of 14 MTPA, expandable to 40 MTPA. The port will manage various commodities, including iron ore, coal, and LNG, and will feature berthing facilities […]

IIT Guwahati’s Technology Innovation Hub and the Indian Register of Shipping (IRS) successfully conducted India’s first training and certification program in underwater welding and deep diving. The program, held at the Neel Diving Academy in Kochi, provided participants with theoretical and practical training, culminating in certification upon successful completion of rigorous underwater welding exercises and […]

India is planning a massive investment of Rs 80 lakh crore in its maritime sector, aiming to increase port capacity and boost shipbuilding. The goal is to achieve a port handling capacity of 10,000 million metric tons annually by 2047.

Uber India unveiled new safety features for its drivers, including SOS integration, helmet selfies, and a preference option for women riders to choose female drivers. The company also announced incentives for drivers who register on the e-Shram portal, supporting the government’s initiative for gig worker security.

The Indian government is considering granting infrastructure status to the entire shipping sector. This move would provide the industry with access to financial assistance and concessions, boosting the indigenous shipping industry. The finance ministry is currently consulting with banks and financial institutions before a final decision is made.

The Jawaharlal Nehru Port Authority (JNPA) reported an 11.86% year-on-year increase in container traffic, reaching 6,14,651 TEUs in October. This growth was driven by a surge in container rakes and overall cargo handling. Over the past seven months, total container traffic at JNPA surged by 13.12%, while total cargo rose by 5.6%.

Paradip Port aims to become fully mechanised by 2030 by developing three new berths and mechanising four existing ones. It will also establish a special green hydrogen berth. The port plans to boost its handling capacity from 289 MTPA to 400 MTPA by 2030, with further expansion to 500 MTPA by 2047.

Paradip Port is set to develop new berths, mechanize existing ones, and establish a berth for green hydrogen as part of its strategy to become fully mechanized by 2030. The port aims to exceed 400 MTPA handling capacity by 2030 and has signed agreements for green hydrogen and ammonia plants to create a regional hub.

The IWAI successfully began dredging in the Neamati-Kamalabari channel to resume ferry services. Using CSD Alakananda and Tug Boat Khudiram Bose, they removed silt to reclaim 2 meters of depth. Ferry services between Majuli and Jorhat, which were disrupted, are now functional again, ensuring seamless connectivity for citizens.