The Bharat Maritime Insurance Pool (BMIP), managed by GIC Re, aims to provide comprehensive war-risk coverage for hull, machinery, and cargo, specifically for Indian-flagged vessels. This initiative addresses unique maritime insurance needs, ensuring robust support through member companies while enhancing operational capabilities and addressing current and emerging risks in India’s maritime sector.
The newly inaugurated Circulating Water Tunnel Facility at IIT-M’s Thaiyur campus promises to enhance hydrodynamic research and ship design. This advanced facility aligns with the Centre’s goal of promoting self-reliance in the maritime sector, supporting innovative experiments and contributing to the development of efficient, sustainable marine vessels.
India is reevaluating its shipping strategy in the Gulf due to rising geopolitical tensions leaving vessels stranded. With vital trade routes threatened, officials focus on ensuring the safe return of ships before new deployments. Concerns over crew safety and logistical challenges heighten as authorities monitor risks and explore alternative routes.
Swan Defence and Heavy Industries Limited (SDHI) has partnered with DNV to elevate India’s maritime and shipbuilding landscape. This collaboration aims to enhance ship classification standards, integrate advanced technologies, and promote sustainable shipping. It positions India as a competitive hub, aligning with global aspirations to rank among the top shipbuilding nations by 2047.
On May 18, 2026, at the “International Day for Women in Maritime Excellence” event in Kolkata, GRSE’s Aparajita Ghosh and Debjani Sen were honored for their significant contributions to the maritime sector. Their achievements highlight the critical role of women in enhancing shipbuilding and corporate management in India.
India is prioritizing the return of its stranded ships in the Gulf before sending any vessels to load fuel, according to Mukesh Mangal from the Ministry of Ports. He highlighted the urgency of securing all Indian-flagged vessels in the Strait of Hormuz, with ongoing coordination between shipping and foreign ministries.
On May 21, the Ministry of Ports confirmed that Indian seafarers in West Asia are safe despite regional tensions. Mukesh Mangal assured no incidents involving Indian vessels occurred recently. The government is monitoring the situation closely, with over 3,300 seafarers repatriated and plans to send ships if conditions permit.
Dredging Corporation of India Limited (DCIL) achieved a record annual turnover of ₹1,214.09 crore in FY 2025-26, marking a 50-year milestone. With a Profit After Tax of ₹4.75 crore and a significant revenue surge of 73% in Q4, DCIL positions itself as a key player in India’s maritime infrastructure development.
The Mormugao Port Authority has implemented measures to bolster India’s energy security amid escalating geopolitical tensions near the Strait of Hormuz. Priority berthing will be given to vessels transporting essential commodities, alongside significant billing adjustments for exporters, easing cash flow challenges during ongoing shipping uncertainties in West Asia.
Nautika is set to launch the Nautika Prride, its fastest and most advanced catamaran, enhancing inter-island travel in the Andaman and Nicobar Islands. With a capacity of 400 passengers, this luxurious ferry can reach speeds of 24 knots and meets international safety standards, promising a superior travel experience.
India and Norway are strengthening collaboration in green energy, maritime industries, and digital infrastructure through the India-EFTA Trade and Economic Partnership Agreement (TEPA). This initiative aims to attract USD 100 billion in investments and create one million jobs in India, signaling a shift towards long-term economic integration and innovation.
During the Norway-India Business and Research Summit, Prime Minister Narendra Modi announced ambitious incentives to enhance India’s manufacturing capabilities, particularly in shipbuilding. He aims to increase India’s share of Norway’s ship construction from 10% to 25% in five years, promoting green initiatives and attracting global investment in strategic manufacturing.
India’s Permanent Representative to the UN, Parvathaneni Harish, condemned the targeting of commercial shipping in the Strait of Hormuz as “unacceptable.” During a UNECOSOC meeting, he emphasized the need for international cooperation to ensure maritime safety and address the ongoing energy crisis exacerbated by conflict in West Asia.
The Ministry of Ports, Shipping and Waterways reported the safe repatriation of over 3,217 Indian seafarers from the Gulf, with 61 returning in the last 96 hours. Operations at Indian ports remain normal, and no incidents involving Indian vessels or crews have been reported, ensuring maritime safety and efficiency.
Recently, Mumbai hosted a key session by the Directorate General of Shipping (DGS), focusing on the Gulf Crisis and its impact on global maritime trade. Senior officials and industry stakeholders, including Shri Vijay Kumar of MoPSW, discussed operational strategies, safety for Indian seafarers, and strengthening domestic maritime capabilities in response to geopolitical challenges.
