In a significant development on Monday, May 13, India, through India Ports Global Ltd, and the Ports & Maritime Organisation of Iran (PMO) inked a new 10-year contract to manage the strategically located Chabahar Port along the Gulf of Oman. This long-term agreement involves an investment of $120 million by the Indian firm to upgrade […]
In a significant stride towards fostering maritime industry education and skill development, Dredging Corporation of India Limited, Visakhapatnam, has inked a Memorandum of Understanding (MoU) with the Indian Institute of Technology Chennai (IIT Chennai) and the Indian Maritime University (IMU), Chennai. This groundbreaking collaboration was unveiled in the prestigious presence of Shri Sarbananda Sonowal, the […]
Indian steelmaker Tata Steel said that it has completed the first multi-modal shipment of 960 tonnes of stainless steel TMT bars successfully, from the Haldia Port in West Bengal to Agartala in Tripura. On the 8th of January 2023, the MV Bulker I barge sailed from the Haldia Port. The first part of the journey […]
Cochin Shipyard, an Indian government-owned shipbuilding and maintenance company, will invest an initial corpus of INR 50 crores in start-ups engaged in the maritime sector. An announcement in this regard was made by the Indian Minister for Ports, Shipping & Waterways Sarbananda Sonowal during the inauguration of the Golden Jubilee celebrations of Cochin Shipyard. The […]