JSW Infrastructure plans Rs 16,500-crore capex for FY27 & FY28

In an analyst call, India’s second-largest port operator also said its operating Ebitda is expected to double by FY28 from FY26 levels as new port and logistics assets become operational.

Shipping Corporation of India has invited bids to acquire eight new very large gas carriers, of which six must be built in India and two can be supplied by overseas shipyards. The move aligns with the government’s push to boost domestic shipbuilding capacity.

In a significant push for self-reliance, Indian state-owned enterprises are collaborating to establish a new container shipping line. This strategic venture, led by the Shipping Corporation of India and the Container Corporation of India, seeks to diminish the country’s dependence on international shipping services for its extensive trade operations.

Adani Ports will undertake the second phase development of Vizhinjam seaport. This expansion, costing around Rs 16,000 crore, aims to establish Vizhinjam as the Indian subcontinent’s largest transhipment hub. The project will significantly increase the port’s capacity and introduce advanced automation. The inauguration is scheduled for Saturday evening.

Adani Ports & Special Economic Zone Ltd (APSEZ) will invest Rs 16,000 crore for the second phase of development at Kerala’s Vizhinjam International Seaport. Chief Minister Pinarayi Vijayan inaugurated the phase, with Adani Ports MD Karan Adani and Union Minister Sarbananda Sonowal in attendance.

Adani Ports will invest a cumulative Rs 30,000 crore in the Vizhinjam port, aiming to increase its capacity to 5.7 million TEUs by 2029. Karan Adani stated it will become the largest transshipment port in the Indian subcontinent and a globally competitive maritime hub.

Swan Defence And Heavy Industries secured a significant $227 million contract for six chemical tankers from European shipowner Rederiet Stenersen AS. This landmark deal marks India’s largest single commercial shipbuilding order and the first & largest chemical tanker order for an Indian shipyard. The 18,000 DWT IMO Type II tankers will be built at their […]

Allcargo Group has appointed Vaishnav Shetty as Deputy Managing Director and a member of the Allcargo Global Ltd. Shetty, son of founder Shashi Kiran Shetty, will work with Managing Director Adarsh Hegde. This move signals the group’s focus on succession planning and building a future-ready organization.

A major shipbuilding yard is set to be established at Ponnani port in Malappuram, Kerala. This public-private partnership project will be the second largest in the state after Kochi. The facility will initially focus on building small vessels, with plans for larger ships in later phases. The project is expected to create around 1,000 jobs […]

Cochin Shipyard Limited proudly announces the delivery of its inaugural Multi-Purpose Vessel to Germany’s HS Schiffahrts, marking a pivotal moment in the company’s expansion into international waters. With an innovative design that accommodates a variety of global cargoes, these vessels reflect CSL’s commitment to excellence.