The ambitious project in Nicobar, covering 166 square kilometers, aims to transform the region with an estimated cost of Rs. 80,000 crore. Key components include an international container transshipment terminal and a dual-use airport. This initiative seeks to enhance India’s maritime capabilities and reduce reliance on foreign ports for container transshipment.
Maharashtra Chief Minister Devendra Fadnavis urged the Central Government to establish a permanent maritime development center in Mumbai during a review meeting for India Maritime Week 2025. He emphasized that this initiative would elevate Maharashtra’s global status and enhance the event’s significance, attracting international participation and investment opportunities.
The 14th edition of INMEX SMM India commenced at the Bombay Exhibition Centre in Mumbai from September 10 to 12, 2025. Inaugurated by Minister Nitesh Rane, the event gathered global maritime experts to explore innovations and policies, with Maharashtra aiming to enhance its role as a leading maritime hub through strategic investments and policies.
Chief Minister Chandrababu Naidu envisions Andhra Pradesh as a Maritime Hub, emphasizing innovative policies, infrastructure development, and efficient governance. His 10-point formula for a proposed maritime policy focuses on port development, shipbuilding clusters, and allied maritime activities. Naidu aims to attract global investors, integrate tourism and green energy initiatives.
The Lloyd’s Open Form Default Clause has been launched in collaboration with key stakeholders in the shipping industry to provide clarity on contracting emergency and non-standard tug services. This aims to streamline procedures, enhance communication between shipowners and underwriters, and restore confidence in LOF as a vital contract for maritime safety.
