Shipbuilding

Economic Survey says shipbuilding vital to strategic resilience push

The government’s four-pillar maritime plan, approved in September, targets capacity expansion, financing depth and green shipbuilding, with incentives running till 2036

Swan Defence awarded $227m contract to build six chemical tankers for Norwegian shipping firm

Swan Defence said in a release that the contract is one of the largest that has ever been awarded to a commercial shipbuilding firm in India

India’s fleet expansion has lagged China, other Asian peers

According to UNCTAD data, India has about 1,244 vessels under beneficial ownership, or roughly one-eighth of China’s 10,440 ships

Cabinet approves Rs 69,725-crore plan for shipbuilding, maritime development

Shipbuilding Development Scheme, with an outlay of Rs 19,989 crore, aims to expand domestic shipbuilding capacity to 4.5 million Gross Tonnage

Cochin Shipyard plans Rs 15,000 crore shipyard in Tamil Nadu in a larger tie up with Korean shipbuilder

To support the shipbuilding plans for the Korean MoU, Cochin Shipyard will set up a dedicated Block Fabrication Facility (BFF) at Kochi spread over 80 acres, with an annual capacity of 1.20 lakh MT at an investment of about Rs 3,700 crore.

Incentive for shipbreaking on the anvil, select shipping and shipyard stocks abuzz on Centre's global ambitions

MoS for Ports and Shipping, Shantanu Thakur said India has plans to add 10 world-class shipyards in the next five years, supported by public-private partnerships and international collaborations. The Shipping Ministry has plans to develop new shipbuilding clusters of 1-1.2 million Gross Tonnage (GT) each.

India eyeing Bangladesh’s top spot with perks for recycling dying ships

The government will spread these monetary benefits over ten years starting 2026 and the cabinet of federal ministers is likely to approve the proposal by the end of September

Centre plans Rs 70,000-crore push for shipbuilding, ports infrastructure: Report

According to the report, the package will comprise Rs 20,000 crore for developing and operationalising a shipping cluster programme, another Rs 20,000 crore under a new Shipbuilding Financial Assistance Programme (SBFAP), and Rs 25,000–30,000 crore for setting up a Maritime Development Fund (MDF).

Trump's shipbuilding resurgence proposal pushes boundaries of US industry

New executive orders and subsidies try to match China's leverage, but economic costs and restricted capacity are huge obstacles.

Titagarh Rail enters shipbuilding and maritime business in a major diversification

Titagarh Rail announced the addition of a new business vertical for Shipbuilding and Maritime Systems, wherein it will undertake "marine business including shipbuilding, ship repair and other maritime business activities."

India awaits the high tide in shipbuilding

Financial and other challenges have to be addressed to ensure a smooth cruise for mega shipbuilding parks

Mazagon Dock Shipbuilders: Market putting too much optimism in the price

Given the sharp run-up in the share price, slow execution, historic high valuations, and delays in fresh orders, investors should be cautious and wait for better entry points