Bangladesh Looks To Purchase Increased Fuel From India

Bangladesh Seeks Increased Fuel Imports from India Amid Strengthening Ties

On Wednesday, Bangladesh’s Foreign Minister Khalilur Rahman visited India, signaling a potential thaw in relations. His discussions with Indian officials focused on energy cooperation, including requests for increased fuel and fertilizer supplies. The talks also aimed to ease travel restrictions and enhance security cooperation, marking a diplomatic initiative from Prime Minister Tarique Rahman’s administration.

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India Plans $1.5 Billion Sovereign Guarantee Fund to Back Marine War Risk Insurers

India Plans Major Sovereign Guarantee Fund to Boost Marine Insurance

India is set to launch a USD 1.5 billion sovereign guarantee fund to bolster reinsurance for domestic marine insurers servicing vessels in high-risk areas like the Persian Gulf. This initiative addresses a severe marine war risk insurance market disruption, with European premiums surging up to 1000% since February, ensuring operational confidence for Indian shippers.

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Indian Seafarers Reported Safe as Vessels Navigate Strait Smoothly

The Ministry of Ports, Shipping and Waterways has confirmed the safety of Indian seafarers in the Western Persian Gulf. No incidents involving Indian-flagged vessels were reported in the past 24 hours. Two LPG carriers successfully navigated the Strait of Hormuz, ensuring the safety of operations amid geopolitical concerns.

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Vizag Port Exports Surge 19.4% to 33.67 MT in FY26

Vizag Port Sees 19.4% Surge in Exports to 33.67 MT

The Visakhapatnam Port Authority’s FY 2025-26 trade data reveals remarkable growth, with exports increasing by 19.4% to 33.67 million tonnes, driven by demand for manufactured goods. Imports rose by 5.5%, totaling 57.45 million tonnes. Overall throughput reached a record 90.3 million tonnes, reflecting enhanced operational efficiency across various cargo types.

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SDHI Secures India’S First Ammonia Dual-Fuel Bulk

India’s Largest Ammonia Dual-Fuel Bulk Carriers Underway by SDHI

Swan Defence and Heavy Industries Limited (SDHI) has made a groundbreaking advancement in India’s green shipbuilding sector by securing a Category 4 order from Energy ONE Limited. This order includes constructing four 92,500 DWT dual-fuel ammonia bulk carriers, marking India’s first such endeavor and showcasing significant technological advancements in the industry.

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DG Shipping Monitors Safety of Indian Mariners in Persian Gulf

The Indian government reported that 16 Indian-flagged vessels, carrying 433 seafarers, are currently in the western Persian Gulf. The Directorate General of Shipping is monitoring the situation, ensuring safety. Over 1,599 seafarers have been repatriated, with operations at Indian ports running smoothly amid ongoing evacuations from the Gulf region.

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Great Nicobar Transshipment Port Gets Approval from PPPAC

On National Maritime Day, India announced a ₹48,862 crore project for the International Container Transshipment Port at Galathea Bay, receiving approval from the Public-Private Partnership Appraisal Committee. This initiative aims to strengthen India’s international shipping position, maintaining a 55% stake for an Indian entity. Prime Minister Modi emphasized enhancing maritime capabilities for economic growth.

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Safe Passage for Indian LPG Ships Through Strait of Hormuz During Crisis

During an inter-ministerial press conference, Mukesh Mangal, Secretary of the Ministry of Ports, Shipping and Waterways, assured that all seafarers in conflict-affected areas are safe. He reported no incidents involving Indian-flagged vessels recently and confirmed that two LPG carriers successfully navigated the Strait of Hormuz amid rising crude oil prices.

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Collaboration to Advance Maritime Skills Development in India

SCILAL and Synergy Marine have partnered to enhance maritime training and capability development, focusing on digitalization and sustainability. This collaboration will launch a Diploma in Nautical Studies at SCILAL’s Maritime Training Institute, addressing emerging technologies and decarbonization while aiming to increase India’s global seafaring workforce share by 2030.

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PM Modi Highlights India’s Proud Maritime Legacy and Future Prospects

On April 5, 2026, Prime Minister Narendra Modi celebrated National Maritime Day, highlighting India’s maritime heritage and the vital contributions of individuals in the sector. He affirmed the government’s commitment to harnessing maritime potential for economic growth. Union Minister Sarbananda Sonowal echoed this, envisioning India as a top global maritime power.

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