Maritime Gateway
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India Pledges $20 Billion To Develop Its Maritime Infrastructure: SonowalUnion Minister Sarbananda Sonowal announced that India has committed $20 billion for infrastructure development, with an emphasis on improving port connectivity, multimodal logistics, and trade facilitation. India’s expanding marine capabilities, such as its favorable policy-induced investment climate, demonstrated shipbuilding strength, and creative financing strategies to boost sectors growth, were underlined by Sonowal during his speech at the Nor-Shipping conference in Oslo.
The minister of ports, shipping, and waterways also urged for more collaborations in the hiring of seafarers. Additionally, Sonowal emphasized the importance of bolstering maritime supply chains and connectivity through key corridors such as the International North-South Transport Corridor (INSTC), the Eastern Maritime Corridor (EMC), and the India-Middle East-Europe Economic Corridor (IMEEC).
In order to facilitate the production of green hydrogen and its derivatives and to lead the way in the use of alternative fuels in the maritime industry, he stated that India is building three Green Hydrogen Hub Ports: Kandla, Tuticorin, and Paradip. He emphasized the importance of a sustainable and green maritime future. Sonowal is visiting Norway and Denmark for five days as part of an official tour.port-and-ship
Jun 06, 2025
Maritime Gateway
Cma Cgm Agrees To A $600 Million Box Terminal In VietnamSaigon Newport Corporation (SNP) and France’s CMA CGM have signed a deal for the construction of a new $600 million deepwater facility in Haiphong, northern Vietnam. The agreement involves the planning, building, and management of the Lach Huyen terminals 7 and 8, which are situated in Haiphong’s Lach Huyen neighborhood.
The terminal is scheduled to open in 2028 and will have a 1.9 m teu capacity. Via seven ports in Vietnam, CMA CGM operates 29 shipping routes every week. “The new partnership will help secure long-term capacity in a region increasingly vital to Asian supply chains, driven by fast-paced industrial and logistics growth,” said the Marseille-based company, which shares ownership of the Vietnam International Container Terminal in Ho Chi Minh City and the Gemalink terminal at Cai Mep.port-and-ship
May 27, 2025
Maritime Gateway
India Launches A $10 Billion Plan For Its Tanker Fleet To Increase ShipbuildingIndia, the third-largest oil importer in the world, intends to invest 850 billion rupees ($10 billion) to buy 112 crude transporters through 2040 in order to secure its own supply. The shipping and petroleum ministries are working to improve the state-owned oil companies’ aging fleet, which is primarily on charter from international corporations.
Thirty of the 79 ships that will be purchased in the first phase of the plan are medium-range ships. As early as this month, the purchase order for ten tankers should be issued. Only domestically constructed ships shall be offered for sale, even if there is international cooperation. Due to rising local and international demand for oil products, India’s crude oil refining capacity is expected to increase from roughly 250 million tonnes at the present time to 450 million tonnes by the end of the decade, despite the worldwide push for a shift to greener energy sources.
It is essential to have enough shipping capacity of its own to conduct its energy trade in a country that imports the majority of its crude oil demands. By 2030, India hopes to increase the proportion of domestically constructed oil tankers in its fleet from the current 5% to 7%. By 2047, the date the nation has chosen for being a developed nation, the goal is to eventually raise it to 69%.
Email requests for comment were not immediately answered by the government’s Press Information Bureau, the shipping ministry, or the petroleum ministry. This year, the government of Prime Minister Narendra Modi established a 250-billion-rupee fund to boost the nation’s maritime industry. One of the fund’s objectives is to gradually increase domestic shipbuilding capabilities and lessen dependency on foreign-built vessels.
According to the people, India also intends to increase its shipping capacity in order to deliver steel, coal, and fertilizer. The plan is to eventually replace the majority of it with ships manufactured in India. Not Having Scale Due to insufficient domestic demand for ships, India’s shipbuilding sector is still in its infancy and lacks scale.
Once international shipbuilding companies come to India and build for the world, economies of scale will follow. With a length of 238 meters and a deadweight tonnage of 93,332 metric tons, the MT Maharshi Parashuram is the largest oil tanker constructed in India. However, it pales in contrast to Oceania, a supertanker owned by Minsheng Financial Leasing in China that is 380 meters long and has a deadweight tonnage of 441,584 metric tonnes.
Indian government is encouraging shipbuilders from South Korea and Japan to construct ships with the promise of incentives, with the goal of providing demand-side stimulus for shipbuilding enterprises. South Korea’s HD Hyundai Heavy Industries Co. and India’s state-owned Cochin Shipyard Ltd. are negotiating the construction of a new facility in Kochi, a coastal city in southwest India. India has also held discussions with Japan’s Nippon Yusen KK, popularly known as NYK Line, and Korean shipbuilders Samsung Heavy Industries Co.port-and-ship
May 21, 2025
Maritime Gateway
Investcorp To Contribute $500 Million To The Port Of Duqm DevelopmentInvestcorp has entered an agreement to invest in the $550 million expansion of the Port of Duqm in Oman, as it deepens investments in regional infrastructure assets. The firm’s infrastructure platform, Investcorp Aberdeen Infrastructure Partners (AIIP), will be a shareholder in the project, alongside a consortium formed by the Port of Duqm Company, the DEME Group and Port of Antwerp Bruges, Investcorp. Duqm port, located on Oman’s southwest coast, lies close to its major oil and gas projects, and serves as a multipurpose hub, handling container shipments, dry and liquid bulks as well as cargo.
The expansion project envisages marine infrastructure works, dredging and the construction of a new quay wall that will service a new low-carbon industrial plan for green steel production. Oman, a small non-OPEC producer, is following other Gulf countries in economic diversification efforts aimed at reducing dependence on oil revenues. As part of the efforts, the country has been investing to support its decarbonisation targets, with the aim of producing at least 1 million metric tons of renewable hydrogen a year by 2030, according to a report published by the IEA in 2023.
Investcorp said that AIIP had secured the mandate to investing in the Port of Duqm project after a “competitive process”. The company, founded in 1982 in Bahrain, manages assets worth $55 billion. It is best known for listing luxury goods brands such as Gucci and Tiffany & Co, but it has branched out into private credit and assets including infrastructure.port-and-ship
May 20, 2025
Maritime Gateway
Kandla Port Breaks Record, Moves 51,450 Tonnes Of Gypsum In A Single DayIn a single day, Deendayal Port in Kandla, Gujarat, processed a record-breaking 51,450 tonnes of gypsum. The MV Valiant Ship made the record-breaking gypsum discharges, according to the Deendayal Port Authority. The service providers responsible for this outstanding accomplishment are Shree Ashapura Stevedores, Ocean Harmony Shipping and Marine Services, Shri Balaji Infraport Pvt Ltd, and Global Fuel Resources LLP (Morbi).
This outstanding accomplishment was made possible by the following team: Global Fuel Resources LLP (Morbi), Ocean Harmony Shipping & Marine Services, Shree Ashapura Stevedores (a division of Ashapura Shipping Group), and Shri Balaji Infraport Pvt Ltd (a division of Ashapura Shipping Group). These organizations are valued for their important services by the port authorities.
The Indian seaport of Kandla is located in Gujarat’s Kachchh District. The rich industrial belt of West and North India, as well as states like Punjab, Haryana, and Jammu & Kashmir, all enter through Kandla Port. Built as the main seaport serving western India in the 1950s following India’s independence, Kandla Port is situated on the Gulf of Kutch on the country’s northwest coast.port-and-ship
May 14, 2025
Maritime Gateway
Apm Terminals To Invest $800M In Laldiar Char Terminal In ChattogramBangladesh Investment Development Authority (BIDA) said APM Terminals, a subsidiary of Danish shipping and logistics company AP Moller-Maersk, will invest $800 million in the proposed terminal at Chattogram Port’s Laldiar Char.
The terminal, with a 616-metre length comprising three container jetties, would be built on 32 acres of land. The entire amount would be foreign direct investment and the Bangladesh government will not have to spend a single Taka.
APM Terminals, a subsidiary of AP Moller Maersk, began operations at Laldia Terminal in 2024. Initially, the project was expected to receive investments ranging from $300 to $400 million. But the investment volume has since doubled to $800 million now.
The development will be executed under a public-private partnership and government-to-government agreement, following build-operate-transfer model.port-and-ship
May 09, 2025
Maritime Gateway
Indian Airports Handled 3.7 Million Tonnes CargoIn the fiscal year 2024–2025 (April 2024–March 2025), Indian airports handled 3.7 million tonnes of cargo, a 10% increase from the previous fiscal year’s 3.36 million tonnes. According to figures from the Airport Authority of India (AAI), domestic cargo handled climbed by 6% to 1.39 million tonnes, while international cargo handled increased by 14% to 2.32 million tonnes.
The amount of international cargo handled at Bengaluru International Airport (BIAL) increased by 21% to 321,283 tonnes, while Hyderabad International Airport (GHIAL) followed with 98,825 tonnes. Based on available data, major airports like Delhi and Mumbai also experienced strong double-digit increases. Mumbai had an 11% increase in foreign freight at 654,756 tonnes, while Delhi reported a 13% increase at 729,784 tonnes. According to AAI data, smaller international airports like Coimbatore, Kannur, and Nagpur all recorded increases. The only significant international airport to record a major drop was Goa, which saw a 62% drop in cargo at 684 tonnes. In FY2025, however, Goa (Mopa) handled 2,848 tonnes.
With a six percent increase in domestic cargo carried, Delhi led the main international airports with 379,735 tonnes, followed by Bengaluru Airport with 181,225 tonnes, a five percent increase. Mumbai remained constant at 235,143 tons. Coimbatore recorded a 29 percent increase at 10,269 tonnes, while Kolkata handled 113,923 tonnes, an increase of 11%. Chennai had 83,794 tonnes, which was somewhat more. During the previous fiscal year, domestic freight at Jamnagar airport decreased by 76% to 36.8 tons from 156.2 tonnes.port-and-ship
May 09, 2025
Maritime Gateway
India’S Exports Reach All-Time High Of $824.9 Billion In Fy25India’s exports rose 6.01% year-on-year to an all-time high of $824.9 billion in 2024-25, propelled by a 13.6% on-year rise in services exports to a record $387.5 billion, showed the Reserve Bank of India’s (RBI) final services trade data released.
March alone saw services exports surge 18.6% on-year to $35.6 billion, reflecting continued global demand for India’s IT, business, financial, and travel-related services. The merchandise segment also contributed to the overall rise, with non-petroleum goods exports reaching a new peak of $374.1 billion in 2024-25, up 6% from $352.9 billion a year ago.
This is the highest annual figure for India’s non-petroleum merchandise shipments, offering some reassurance when traditional goods exports have been under pressure from tightening global demand and geopolitical disruptions. This sharp rise in exports, which stood at $778.1 billion in 2023-24, comes when India is actively working to expand its trade footprint via bilateral and multilateral agreements, and is positioning itself as a resilient, service-driven exports economy amid shifting global supply chains.
India is attempting to consolidate its global trade presence through ongoing free trade agreement negotiations, particularly with the European Union and the UK, and amid efforts to mitigate the impact of retaliatory tariffs introduced by the US. Experts see the performance as an indication of India’s growing competitiveness in high-value services and diversified goods sectors.
While petroleum and other commodity-linked exports remained relatively subdued due to volatile global prices, the continued expansion in digitally driven services and value-added manufacturing suggests a structural shift in India’s exports composition. The RBI numbers are likely to boost policymakers’ efforts to promote trade-led growth as part of India’s broader 2047 development vision.
Meanwhile, India’s trade surplus with the US jumped 16.6% in 2024-25, ballooning to $41.18 billion from $35.32 billion a year ago, even as US President Donald Trump prepared to hike US tariffs in protest.
According to 15 April commerce ministry data, Indian goods exports to the US rose by 11.6%, from $77.52 billion in 2023-24 to $86.51 billion in 2024-25. Imports from the US also rose, but just 7.42%, from $42.20 billion to $45.33 billion.
Globally, India’s trade deficit widened sharply to $21.54 billion in March, rising from a three-year low of $14.05 billion in February. Merchandise exports for the fiscal year stood at $437.42 billion, marginally higher than the $437.07 billion recorded a year ago, while imports stood at $720.24 billion, up from $678.21 billion in 2023-24, showed the commerce ministry data. March’s goods exports stood at $41.97 billion and imports at $63.51 billion, compared with $36.91 billion of exports and $50.96 billion of imports in February.port-and-ship
May 03, 2025
Maritime Gateway
Dpa Kandla Crosses 10 Million Tonnes Cargo MilestoneDeendayal Port Authority, Kandla has achieved a major milestone by crossing the 10 million Metric Tonnes (MMT) cargo handling mark as of April 25, 2025 — two days ahead of last year’s timeline. This accomplishment highlights DPA’s growing momentum, operational excellence, and unwavering commitment to service.
The Chairman, DPA, congratulated all stakeholders, port users, trade unions, employees, and workers for their remarkable contribution and wholehearted support in achieving this feat.port-and-ship
Apr 26, 2025
Maritime Gateway
First Batch Of Custom Documentation Course Launched As Part Of Vadhvan Port Skilling InitiativeVadhvan Port Project Ltd. (VPPL), the 13th major port of India, has launched the first 1-month course under the Vadhvan Port Skilling Program on Custom Documentation in association with BCBA on April 16th, 2025, by Unmesh Sharad Wagh, IRS, Chairman, JNPA and CMD, VPPL, in the presence of Rajeev Sinha, Advisor, JNPA and VPPL, Sanjeev Harale, President, BCBA, Paresh Thakkar, Senior Vice President, BCBA, Dushyant Mulani, Chairman, FFFAI and Past President BCBA, and other senior officials from BCBA.
The course, designed in collaboration with the Brihanmumbai Custom Brokers Association (BCBA), is set to equip participants with comprehensive knowledge of customs processes, documentation, and procedures vital for the functioning of ports.
Unmesh Sharad Wagh, Chairman, JNPA, and CMD, VPPL, shared, “The launch of this course is a key step in enhancing the employability of our local youth, providing them with skills that are vital for the growth of Vadhvan Port and the broader maritime industry. We believe in moving beyond conversations to meaningful action that equips young people for tomorrow’s opportunities. This is just the beginning, and we are committed to expanding this program and many other programs across various sectors to further empower the community.”
The Custom Documentation course is designed to equip candidates from Palghar and nearby areas of Vadhvan Port with foundational knowledge and practical skills required in the field of customs clearance and logistics. Spanning 4 weeks with 100 hours of training, the course is conducted in a classroom setting at the BCBA office in Nariman Point, Mumbai, and includes hands-on practical inputs. The curriculum covers key areas such as import-export procedures, customs documentation, clearance processes, and compliance requirements, offering participants a real-world understanding of port and logistics operations.
The Vadhvan Port Skilling Program was launched with a vision to provide meaningful opportunities for the local youth. In an effort to reach out to a wider audience, VPPL introduced a WhatsApp Chatbot to interact with the youth of Vadhvan and encourage their participation. This innovative initiative has made it easier for potential candidates to access information and register for the program. The Vadhvan Port Skilling Program has already garnered an overwhelming response, with over 30,800 registrations to date, reflecting the region’s eagerness to participate in these career-building initiatives.
The Vadhvan Port Skilling Program will continue to evolve with additional batches to cater to the growing demand, ensuring that the youth of Vadhvan are well-equipped to contribute to the port’s development and the nation’s maritime growth.port-and-ship
Apr 17, 2025