Shipping News - Latest Updates & Headlines
PM Modi, Mauritius PM ink MoUs on currency, shipping to boost ties
Port Louis, March 12: Prime Minister Narendra Modi's visit to Mauritius saw the inking of various Memorandums of Understanding (MoUs).
Lok Sabha passes Bills of Lading Bill, 2024
New Delhi, March 10: The Lok Sabha on Monday passed the Bills of Lading Bill, 2024 to bring various provisions in line with modern legislations in order to facilitate simplification and ease of understanding while retaining substantive aspects of the existing law.
Shipping ministry sets goal to complete 150 projects by September 2025
New Delhi, March 9: Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal reviewed the ongoing projects of his ministry -- worth Rs 2 trillion -- and drew up a goal of completing at least 150 projects by September 2025.
India to be among top 5 shipbuilding countries by 2047: Sarbananda Sonowal
New Delhi, March 8: India is poised to be among the top 5 ship-building countries in the world by 2047, with additional shipbuilding capacity of 4 million gross registered tonnage (GRT), Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, said on Saturday.
French shipping giant to invest USD 20 billion in US; create 10,000 new jobs in America: Trump
Washington DC, March 7: President Donald Trump said the French-based CMA CGM, one of the largest shipping companies in the world, will invest USD 20 billion into America's shipping and logistics sector thereby creating approximately "10,000 new jobs in the US."
US redesignates Houthis as 'foreign terrorist organisation'
Washington DC, March 5: The US redesignated Yemen's Houthi rebels as 'foreign terrorist organisation', Al Jazeera reported.
India, UAE hold talks on India-Middle East-Europe Economic Corridor
Abu Dhabi, March 3: A new impetus has been imparted today to the ambitious Transcontinental Connectivity Project - India-Middle East-Europe Economic Corridor (IMEEC) launched during the G-20 Summit held in Delhi in September 2023 with signatories including India, UAE, USA, EU, Saudi Arabia, France, Italy, and Germany, a statement by the Indian Embassy in Abu Dhabi stated.
Bengal: Port authorities hold conference on revenue generation
Kolkata, Feb 28: A two-day conference began in Kolkata on Friday to plan better utilisation of land and other assets owned by port authorities across the country.
Over 100 countries to participate in India Maritime Week slated for October-end: Sonowal
Mumbai, Feb 27: Union Ports, Shipping and Waterways Minister Sarbananda Sonowal announced on Thursday that the India Maritime Week, a bi-annual global maritime gathering which will be one of the largest in the world, will be held here from October 27-31 to celebrate the country's 'Maritime Virasat' and 'Maritime Vikas',
Sonowal launches One Nation-One Port Process to boost India's maritime sector
Mumbai, Feb 27: Union Minister Sarbananda Sonowal on Thursday launched a series of major initiatives of the Ministry of Ports, Shipping and Waterways including the One Nation-One Port Process (ONOP), Sagar Ankalan and the Bharat Global Ports Consortium aimed at modernising India’s maritime infrastructure, strengthening its global trade presence, and promote sustainability.
Union Minister Sarbananda Sonowal to chair post-budget Industry meet on Feb 27
New Delhi, February 26: Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal will chair a high-level industry consultation in Mumbai on Thursday. The event will bring together industry leaders, government officials, and stakeholders to discuss key maritime sector announcements from Union Budget 2025 and their impact on India's maritime growth, said an official statement from the Ministry of Ports, Shipping and Waterways.
Union Minister Piyush Goyal highlights ports, shipping, and logistics as key to India's economic growth
Mumbai, February 26: Union Minister of Commerce & Industry Piyush Goyal underscored the critical role of ports, shipping, and logistics in India's economic growth at the 12th Biennial International Conference on Ports, Shipping & Logistics 2025, held in Mumbai on Tuesday.
Indonesia calls for incentives to boost shipbuilding, renewable energy adoption in maritime sector
Jakarta, Feb 25: The Indonesian government is advocating for greater incentives to promote the growth of the domestic shipbuilding industry and encourage the adoption of new and renewable energy in the maritime sector.
India's ports sector set for major growth with 500-550 MTPA capacity expansion annually by FY2028
New Delhi, February 23: India's ports sector is poised for significant growth between Financial Year (FY) 2023 and FY2028, with the sector projected to add 500-550 MTPA (Maximum Torque Per Ampere) of capacity annually, according to a report by Motilal Oswal Financial Services.
IMO Secretary-General Dominguez discusses maritime technology with MoPSW Secretary Ramachandran
New Delhi, February 22: TK Ramachandran, Secretary of the Ministry of Ports, Shipping and Waterways (MoPSW), welcomed International Maritime Organisation (IMO) Secretary-General Arsenio Dominguez at the Ministry as part of his ongoing visit to India.
IMO Secretary General hails India's role in sustainable shipping, seafarer welfare
New Delhi, Feb 22: International Maritime Organisation (IMO) Secretary General, Arsenio Dominguez, has lauded India's role in sustainable shipping and seafarer welfare; reinforcing maritime cooperation.
EU maritime transport: Progress made, but environmental, sustainability challenges persist
Brussels, February 21: Europe's maritime sector is making progress towards greater sustainability but will need to increase its efforts over the coming years to meet EU climate and environment goals aimed at reducing energy use, pollution, and greenhouse gas emissions as well as better protecting biodiversity.
India elected to Vice Presidency of International Organization of Aids to Marine Navigation in Singapore
New Delhi, February 19: India is elected to the Vice Presidency of the International Organization of Aids to Marine Navigation (IALA) in Singapore, the Ministry of Ports, Shipping and Waterways said in a release on Wednesday.
Piyush Goyal discusses shipping-logistics growth potential with Mediterranean Shipping Company
New Delhi, February 17: Commerce Minister Piyush Goyal had a productive meeting with Soren Toft, CEO of Mediterranean Shipping Company (MSC), and Deepak Tewari, MD, MSC Agency India.
IMO Secretary General to visit India on Feb 19, focus on sustainable shipping
New Delhi, Feb 17: The Secretary General of the International Maritime Organization (IMO), Arsenio Dominguez, will be visiting Mumbai from February 19 to 21.
South Korea to closely monitor uncertainties in shipping industry amid US tariffs
Seoul, Feb 17: The government here said on Monday it will closely monitor the shift in US trade policies and its impact on South Korea's shipping industry to devise measures to help with the stable business operation of local shippers.
German shipper mulls placing container ship order with Hanwha Ocean
Seoul, Feb 9: German shipping firm Hapag-Lloyd may turn to South Korean shipbuilder Hanwha Ocean Co. for its next batch of container ship newbuildings worth over 1.7 trillion won ($1.2 billion), according to foreign news media.
USPS temporarily suspends some inbound parcels from China amid Trump trade war
Washington, DC, February 5: The United States Postal Service (USPS) announced a temporary suspension of international package acceptance from China and Hong Kong, effective February 4.
Unique contributions of women vital to India's maritime strength: Union Minister
New Delhi, Jan 31: The unique contributions of women are vital to India's maritime strength, and women seafarers embody resilience and excellence on the global stage, said Union Minister of State, Ministry of Ports, Shipping and Waterways Shantanu Thakur.
Vizhinjam to emerge as India's biggest Port: Kerala Finance Minister
Thiruvananthapuram, January 28: Kerala Finance Minister KN Balagopal on Tuesday announced that Vizhinjam is set to become India's largest port within the next decade, establishing a new benchmark in the nation's maritime and port trade.
India's major ports record 3.2 pc rise in cargo during Dec, Deendayal Port leads
New Delhi, Jan 28: India's 12 major ports, owned by the Central government, handled 72.2 million tonnes of cargo in December, recording a 3.22 per cent growth over the same month of the previous year.
India to expand its maritime capacity six-fold: Sarbananda Sonowal
Mumbai, Jan 22: Union Minister Sarbananda Sonowal on Wednesday said that India is expanding its port capacity more than six-fold to reach 10,000 million tonnes per annum by 2047, marking the country's largest-ever maritime infrastructure drive as it positions itself as a global shipping hub.
Yemen's Houthis release crew of Galaxy Leader vessel to support Israel-Hamas ceasefire
Sanaa, Jan 22: Yemen's Houthi group on Wednesday said it had released the crew of Galaxy Leader vessel to support the Gaza ceasefire agreement reached between Hamas and Israel, Houthi-run al-Masirah TV reported.
Experts see huge potential for developing India's Blue Economy
Mumbai Jan 22: Shipping industry experts see immense scope for India emerging as a Blue Economy as the country occupies an important position in the global maritime industry with a coastline spanning 7517 kilometres that is home to 12 major ports and around 200 non-major ports handling around 1550 million tons of cargo per year. Besides, the country has 2 million square kilometres of rich and varied resources in its exclusive economic zones.
Union Minister Sonowal launches Rs 2,000 crore projects to expand capacity at Jawaharlal Nehru Port, Mumbai
New Delhi, January 21: Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal launched multiple projects worth nearly Rs 2,000 crore in order to expand capacity at the Jawaharlal Nehru Port, Mumbai on Tuesday.
Centre notifies new Income-Tax Rules for non-resident cruise ship operators
New Delhi, Jan 22: The Central Board of Direct Taxes (CBDT) has notified amendments in the Income-Tax Rules to prescribe conditions for applicability of presumptive taxation regime for non-resident cruise ship operators, according to an official statement issued on Wednesday.
Centre unveils Rs 2,000 crore projects to boost capacity at Mumbai's Jawaharlal Nehru Port
Mumbai, Jan 21: Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, on Tuesday launched multiple projects worth nearly Rs 2,000 crore in order to expand capacity at the Jawaharlal Nehru Port here.
UAE ranks among top 35 countries with largest global maritime fleets
Muscat, January 18: The UAE has ranked among the top 35 countries globally with the largest shipping fleets by tonnage and capacity, according to the 2024 report by the United Nations Conference on Trade and Development (UNCTAD).
Gujarat Maritime Board organizes stakeholder consultation workshop
Gandhinagar, January 18: The Gujarat Maritime Board (GMB) organised a Stakeholder Consultation Workshop on the theme "Coastal Shipping Policy of Gujarat: Paradigm Shift in Supply Chains" at Mahatma Mandir, Gandhinagar.
Cargo handling capacity reached 133 million metric tonnes in last 10 yrs: Sarbananda Sonowal
Kaziranga, January 11: Union Minister Sarbananda Sonowal informed that cargo handling capacity has reached 133 million metric tonnes in the last ten years.
Union Minister Sonowal launches National River Traffic and Navigation System
Guwahati, January 10: The Inland Waterways Development Council (IWDC), apex meet for policy deliberation for the promotion and propagation of inland waterways in India, witnessed major announcements to boost infrastructure along national waterways, a release said on Friday.
US ships getting preferential rates 'will lead to chaos': Panama Canal administrator
Panama City, Jan 9: US President-elect Donald Trump's suggestion that US ships get preferential rates "will violate the neutrality treaty, international law, and it will lead to chaos," Panama Canal Administrator Ricaurte Vasquez Morales has said.
Sarbanand Sonowal announces major projects to boost capacity at Kandla Port with likely Investment of Rs 57,000 crores
New Delhi, January 7: The Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal announced major initiatives to boost the capacity at Kandla Port worth an investment of more than Rs 57,000 crores on Tuesday.