Shipping
India-bound merchant ship hit by drone strike In Arabian Sea
26 Dec 2023
An India-bound merchant ship was hit by a drone strike that caused an explosion and fire on the vessel in the Arabian Sea, off the Veraval cost, on Saturday. No casualties have been reported.
Govt to provide financial incentives to local shipbuilders
17 Dec 2023
The government has introduced a scheme to offer financial assistance for Indian shipyards for securing orders from domestic as well as overseas markets and to remain competitive in the market, union minister for ports, shipping and waterways, Sarbananda Sonowal informed the Lok Sabha in a written reply on Friday.
JSW gets mandate to develop Keni Port in Karnatakai
18 Nov 2023
The Rs4,119-crore Keni Port, which is designed to handle cape-size vessels, will have an initial capacity of 30 million tonnes and serve exporters in the North Karnataka region
The US pledges a $553 million investment in the Adani-owned Sri Lanka port to curb Chinese Influence
08 Nov 2023
In a strategic move aimed at countering China's influence in South Asia, the United States has pledged a substantial $553 million in financing for the development of a port terminal in Sri Lanka's capital, Colombo.
Canada's Davie acquires Russian-owned Helsinki Shipyard
03 Nov 2023
Davie said it used a combination of own funds and a €77 million ($110 million) financing from the Québec government for completing the transaction
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