India aspires to rank among the top five shipbuilding nations by 2047, increasing its capacity to 4.5 million gross tonnes. At the SMM Hamburg event, Shipping Secretary Vijay Kumar outlined a strategy that includes a €7 billion support package and emphasizes sustainability and collaboration with European maritime companies for innovative green shipping solutions.
Jawaharlal Nehru Port Authority has made significant strides, rising from 28th to 21st in Alphaliner’s ranking of top container ports for the first half of 2026. This achievement underscores JNPA’s dedication to operational efficiency, particularly highlighted during global trade disruptions, while processing nearly 3 million TEUs in just a few months.
Cochin Shipyard Ltd. (CSL) has signed a Memorandum of Understanding with HD Korea Shipbuilding & Offshore Engineering to explore long-term cooperation in shipbuilding. This partnership aims to enhance technical knowledge and develop new shipbuilding opportunities, supporting India’s ambition to become a leading marine hub in the global maritime industry.
Union Minister Sarbananda Sonowal has launched cutting-edge technology initiatives to elevate India’s maritime industry. Central to this is the SAGAR SETU platform, designed to enhance export-import services by connecting over 80 ports. Coupled with a Digital Centre of Excellence from CDAC, these initiatives promise to drive digital transformation and sustainable infrastructure development.
The Cabinet, under Prime Minister Narendra Modi, has approved the Coastal Shipping Bill, 2024, and the repeal of Part XIV of the Merchant Shipping Act 1958, except for section 411A. This decision is set to benefit various stakeholders in the shipping industry, aiming to streamline operations and enhance the integration of inland waterway.
The maritime industry in India is expected to have a bright future due to various factors such as the country’s…
