Category: Shipping

The Indian Register of Shipping (IRS) has recently launched two vessels at the San Marine yard in Kakinada.

On April 18, 2024, Container Corporation of India Limited (CONCOR) and PSA MESA Supply Chain Pte. Limited (PSA MESA) signed a memorandum of understanding (MoU) to collaborate in offering seamless and cost-effective end-to-end logistics service to customers. 

India has sought partnership with global shipping industry to explore new technologies and the potential of using methanol and ammonia as ship fuels for the shipping industry.

Dakshin Bharat Gateway Terminal (DBGT) handled container traffic of 602,969 TEUs during FY 2024, a year-on-year growth rate of 6 per cent.

On April 10, 2024, the steel cutting ceremony of first of the five fleet support ships (FSS) was held at Hindustan Shipyard Limited (HSL), Visakhapatnam.

In a notable development, Cochin Shipyard Limited (CSL) has become the third Indian shipyard to enter into a Master Shipyard Repair Agreement (MRSA) with the United States (US).

In a recent development, Hindustan Aeronautics Limited has signed a contract with Cochin Shipyard Limited (CSL), Kochi, for the supply of six sets of LM2500 gas turbines (GT) and GT auxiliaries (GTAE), spares, tools for the Indian Navy’s next generation missile vessel (NGMV) project.

As on February 29, 2024, the Indian shipping industry had a fleet of 1,523 vessels of 13.55 million gross tonnage (GT) and 38.78 million deadweight tonnage (DWT).

Vizhinjam Port is likely to receive three more vessels from China in April 2024.

The international container transhipment terminal (ICTT) at Cochin handled a record volume of 75,141 twenty-foot equivalent units (TEUs) in February 2024, registering a 38 per cent volume growth over February 2023.

Notably, Allcargo Logistics launched less than container load (LCL) consolidation services in collaboration with Container Corporation of India (CONCOR) at inland container depot (ICD) in Ankleshwar South Gujarat.

On March 5, 2023, the Prime Minister of India virtually inaugurated Container Corporation of India Limited (CONCOR) Gati Shakti Multi-Modal Cargo Terminal, Jajpur-Keonjhar Road, Odisha.

Recently, DP World announced its multimodal service ‘SARAL-2’, which will connect Chennai to Delhi National Capital Region (NCR).

On March 2, 2023, the Union Minister of Ports, Shipping and Waterways virtually inaugurated the 60th bollard pull tug named, Ocean Grace and the medical mobile unit.

On February 28, 2024, India’s first indigenously developed and built hydrogen fuel cell ferry launched in Cochin.

As per reports, the government is considering to set up a maritime development fund (MDF), which will provide low-cost, long-term financial support to the shipping sector.

Notably, the Mediterranean Shipping Company (MSC) and the government of Odisha have agreed to viability gap funding (VGF) to encourage containerised cargo export and import through the Paradip Port. 

DP World has recently received platinum certification from the Indian Green Building Council (IGBC) for its Nhava Sheva Business Park (NSBP).

On February 3, 2024, Indian Navy Ship (INS) Sandhayak (Yard 3025), the first survey vessel large (SVL) ship commissioned into the Indian Navy at the Naval Dockyard, Visakhapatnam.