Kerala has initiated a review of Adani Ports’ proposed sale of a 49% stake in the Vizhinjam International Seaport. The state claims it wasn’t officially notified and is evaluating compliance with the concession agreement. Any ownership change over 25% requires government approval, raising concerns about the transaction’s legality and implications.
An Indian cargo vessel reportedly suffered a suspected drone attack in the Gulf of Oman, igniting fears over security in the Strait of Hormuz. This incident raises alarms about rising threats to commercial shipping, impacting freight costs and navigation rights crucial for global trade, particularly for Indian operators in the region.
The government’s Offer for Sale (OFS) to reduce its stake in Cochin Shipyard concluded on Wednesday, resulting in a 3.04% drop in shares, settling at Rs 1,404.30. The OFS allowed divestment of up to 5.04%, driven by strong institutional interest, leading to a full subscription in the non-retail segment.
Kamarajar Port in Tamil Nadu has emerged as India’s second major port with an 18-meter draft capability. This upgrade allows the port to accommodate vessels up to 170,000 DWT, enhancing cargo handling efficiency. A recent ₹440 crore dredging project strengthens India’s regional shipping position, meeting increasing cargo demands.
The Kerala government has disbanded the Kerala Maritime Board due to administrative failures and financial discrepancies. Effective immediately, this decision follows the Board’s failure to submit required Annual Administration Reports and issues highlighted in a recent audit, including revenue arrears and improper budget utilization. The intervention underscores accountability concerns.
As of Tuesday, 50 ships have navigated the Strait of Hormuz since the West Asia conflict began on February 28. Currently, nine Indian vessels are operational in the Persian Gulf, carrying 198 Indian seafarers. Experts warn that regular shipping operations may take time to resume in the region.
Operations at the Nhava Sheva Freeport Terminal were suspended following a tragic accident that resulted in one worker’s death and injuries to two others. Empty containers fell from an anchored vessel amid severe weather, impacting trucks. JNPA is investigating and has vowed support for the affected families.
Prime Minister Narendra Modi’s six-day trip to Indonesia, Australia, and New Zealand aims to bolster India’s Act East Policy. Emphasizing the “MAHASAGAR” vision, he seeks to enhance diplomatic ties and collaboration across strategic, economic, and people-centric sectors, reaffirming India’s commitment to a free and inclusive Indo-Pacific region.
The Directorate General of Maritime Administration (DGMA) is launching “Sagar Mein Yog” (SMY) to enhance seafarers’ well-being. This initiative includes various wellness modules, such as brahmari, or “bee breath,” promoting relaxation. Seafarers with a valid Indian Continuous Discharge Certificate must complete the course through a dedicated Learning Management System within a year.
Paradip Port is advancing plans to become a green energy export hub, engaging with Japan’s Mitsubishi Gas Chemical Company and India’s ACME Group. Discussions focused on establishing a top-tier green fuel ecosystem, emphasizing a 10-year green methanol contract to enhance Odisha’s investment in sustainable energy initiatives and support global decarbonization efforts.
Team Sea Sakthi, hailing from Kumaraguru College of Technology in Coimbatore, is the sole Indian representative at the 13th Monaco…
On July 4, the Indian Navy deployed a Sea King helicopter to rescue an injured seafarer from the crude oil tanker MT Desh Shakti off Mumbai’s coast. Despite heavy rain and poor visibility, the crew utilized a rescue basket to stabilize the injured member before transporting him for urgent medical care.
Dhamra Port has set a significant milestone by handling 132,365 Metric Tonnes of dry bulk cargo in just 24 hours, during the unloading of the MV ASL OTSL2. This operation not only surpassed the previous record but also highlighted the port’s advanced infrastructure and efficiency in managing complex cargo like coking coal.
Union Minister Sarbananda Sonowal recently reviewed the Indian Maritime University’s advancements in maritime education. He highlighted its transformation into a leading global institution, emphasizing increased patents and a surge in female cadet enrollment. Sonowal proposed a Maritime Skilling Fair to enhance career opportunities, underscoring the need for skilled resources in shipbuilding.
The floor price for Cochin Shipyard’s Offer for Sale (OFS) is set at INR 1,400, over seven percent lower than the previous closing price. This initiative aligns with the Indian government’s goal to raise INR 800 billion through divestment and asset monetisation, enhancing market participation for investors.
