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BEML and Mazagon Dock Shipbuilders to develop advanced marine technology
Under the agreement, Mazagon Dock will provide its facilities to BEML’s research team for the development, testing, and validation of innovative marine technologies. Read more
Ship-building clusters to be established in five states; Sarbananda Sonowal
The ministry projects that container handling capacity will reach 40 million TEUs (twenty-foot equivalent units) over the next five years, creating approximately 2 million job opportunities nationwide.Read more
High freight costs and container dependence knock India's exports; GTRI
Freight rates for Indian exporters to Europe and the US have more than doubled over the past year, partly due to disruptions in the Red Sea.Read more
'Made in India' export surge draws major shipping lines to expand services
Global importers are increasingly seeking alternatives to China, with significant volumes of Indian exports including automobiles and polyethylene (PE) products. Read more
No PLI proposals for shipping container manufacturing; GOI
The PLI scheme, which was introduced in 2021, supports 14 sectors, including telecommunications, textiles, medical devices, automobiles, and more, with a total budget of Rs 1.97 trillion.Read more
The Red Sea crisis: Lessons for logistics sector
Certain geopolitical complexities, such as the ongoing Red Sea crisis, present challenges in the smooth maritime operations and affect global trade. Pushpank Kaushik shares some valuable thoughts on sustaining the growth of India’s logistics and shipping sector amid these crises.Read more
Indian exporters navigate global shipping challenges amidst Red Sea conflict
Dr Ajay Sahai, the DG and CEO of the Federation of Indian Exporters Organisation urged for local production of corrugated steel, a component not presently manufactured in India, through backward integration.Read more
Welspun New Energy, Gujarat Pipavav Port join forces for Green Hydrogen Hub
Welspun World, operating through Welspun New Energy, has committed a substantial investment exceeding Rs 40,000 crores to contribute to Gujarat's decarbonisation objectives.Read more
Red Sea attacks spark shipping disruptions, pose inflation risk
Following the assault by Iran-backed Houthi militants on commercial vessels in the Red Sea, shipping companies are redirecting their cargoes, opting to sail around Africa instead of using the Suez Canal's shorter route.Read more
Minister assigns top priority to critical projects of the Northeast by Jan, 2024
Sarbananda Sonowal chaired a meeting of the Ministry of Ports, Shipping & Waterways (MoPSW) and Ministry of Ayush (MoA) to review the ongoing projects of both the ministries in the Northeast region.Read more