The Indian government has unveiled new operational guidelines for two major shipbuilding initiatives, totaling Rs 44,700 crore (around $5.4 billion). Aimed at enhancing domestic shipbuilding capabilities, these programs include the Shipbuilding Financial Assistance Scheme (SBFAS) and the Shipbuilding Development Scheme (SbDS), designed to attract investments and boost the maritime sector.
Global container shipping rates have risen 1% this week, reaching $2,213 for a 40-foot container. This marks a fourth consecutive week of increases, driven by steady demand. Notably, Asia-Europe routes show strength, with Shanghai to Genoa rates climbing 3%. Despite earlier challenges, a shift in seasonal patterns is evident.
The Indian Coast Guard (ICG) conducted RPREX-2025 off Mumbai’s coast to bolster maritime environmental safeguards amid increasing trade risks. This multi-agency exercise involved a simulated oil spill from a tanker collision, showcasing coordinated responses with commercial partners and local authorities, validating the National Oil Spill Disaster Contingency Plan.
Iran has seized a foreign oil tanker near Qeshm Island, claiming it was transporting 4 million liters of smuggled fuel. Sixteen foreign crew members were detained. This incident follows another seizure in the Gulf of Oman, highlighting Iran’s crackdown on fuel smuggling amid low domestic prices and currency devaluation.
India’s maritime infrastructure has transformed significantly over the years, evolving from limited capacity to a national priority. With 12 major and over 200 non-major ports, the focus has shifted to enhancing trade and logistics. Additionally, ports now play a crucial role in national security, supporting both civilian and defense operations.
Trade unions in Greece are protesting the docking of the cruise ship Crown Iris, linked to the Israeli Defense Forces. The World Federation of Trade Unions demands that Greek authorities revoke approval for repairs at the Public Power Corporation pier, citing ongoing tensions in Gaza and urging support for local commercial vessels instead.
The Indian Federation of Green Energy (IFGE) has joined forces with the Global Ethanol Association (GEA) by signing a Memorandum of Understanding (MoU). This partnership aims to promote ethanol as a sustainable green fuel across the marine sector. The collaboration seeks to enhance global decarbonization efforts and foster innovation in transportation.
C3iHub at IIT Kanpur recently conducted a two-day training program on ‘Maritime Cybersecurity’ for officials from the Indian Ports Association. Held at the IIT-K Noida Extension Centre, the program aimed to enhance cybersecurity skills, covering topics like compliance, threat profiling, and digital forensics, addressing evolving digital threats in the maritime sector.
A group of UN experts condemned the US’s maritime blockade on Venezuela, arguing it violates international law. They asserted that the blockade, enforced by military means, constitutes an illegal use of force. The experts called for investigations into recent attacks on civilian vessels and urged Congress to lift the blockade.
As Nigeria prepares for a new tax regime in 2026, maritime stakeholders are calling for special considerations for seafarers. They argue that tailored protections are essential to prevent unfair burdens on a workforce that faces unique challenges. Advocates emphasize the need for tax exemptions and clear residency guidelines for seafarers.
Mitsui O.S.K. Lines (MOL) has received approval in principle from ClassNK for specialized vessels designed for subsea power cable jointing and burial. This project, in collaboration with Sumitomo Electric, Furukawa Electric, and NYK Line, aims to enhance power transmission integrity, particularly for offshore wind energy connections in Hokkaido.
On Tuesday, the Indian Coast Guard inaugurated ‘Samudra Pratap’, its first domestically developed pollution control vessel. This achievement enhances India’s ability to tackle maritime pollution and reflects a commitment to self-reliance in defense. Equipped with advanced technology, the vessel will play a vital role in environmental protection and maritime security.
Venezuela’s National Assembly has passed a law imposing up to 20 years in prison for promoting or financing “piracy or blockades.” This move follows increased U.S. actions against Venezuelan oil shipments. Assembly President Jorge Rodriguez criticized the opposition for allegedly supporting U.S. sanctions that threaten the nation’s economy.
After nearly two years of interruptions, major shipping lines have resumed sailing through the Suez Canal, crucial for global trade. The giant LNG-powered vessel CMA CGM Jacques Saade recently navigated the route, marking significant progress. However, challenges like high insurance premiums and security threats remain, complicating the recovery.
Two CMA CGM vessels have successfully navigated the Suez Canal, indicating a potential easing of disruptions from the Gaza conflict. Since November 2023, shipping companies had been avoiding the canal due to Houthi militant attacks. With a fragile ceasefire in place, shipping operations are gradually returning to normal.
