India News

India’s Cochin Shipyard Limited (CSL) has signed a Memorandum of Understanding (MoU) with HD Korea Shipbuilding & Offshore Engineering (KSOE) that sets the stage for long term cooperation between the two companies. They have agreed to jointly explore newbuilding opportunities in India and abroad and to share technical expertise.KSOE oversees the operations of some of the world’s largest shipyards, including Hyundai Heavy Industries, Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries.CSL has built a robust reputation as a key player in India’s maritime sector.

The Indian government has extended import curbs on low-ash metallurgical coke, a steelmaking raw material, for six months starting July, a government order said on Monday, dealing a blow to steelmakers who oppose restrictions on overseas purchases.India, the world's second-largest crude steel producer, will set country-specific import quotas and cap purchases at 1.4 million metric tons from July 1 to December 31, the order said.Reuters in February reported that India could extend curbs on low-ash met coke imports to encourage local steel mills to use domestic suppliers.

The 'INS Arnala,' classed by Indian Register of Shipping (IRS) and the first in a series of eight Anti-Submarine Warfare Shallow Water Crafts (ASW SWCs), has been delivered to the Indian Navy. The vessel was delivered by Garden Reach Shipbuilders and Engineers (GRSE) Ltd, marking a milestone in India's journey towards self-reliance in defense production.‘INS Arnala’ has been designed and constructed in compliance with the Naval Classification Rules of the Indian Register of Shipping (IRS) and has demonstrated the successful collaboration between Indian Defence Public Sector Undertakings…

India's diesel exports to Southeast Asia for May are expected to be the highest in at least four years, according to shiptrackers and three trade sources, as traders eyed higher profits in Asia and as higher freight costs deterred shipments to Europe.Increased diesel exports from India, one of the largest suppliers in the region, is cooling spot premiums for the fuel in Asia and pressuring derivatives markets, while tightening the fuel's availability in Europe and supporting prices there.Shipments on the India-Southeast Asia route climbed to 600…

Authorities in the southern Indian state of Kerala are racing to contain an oil spill in the Arabian Sea after the Liberia-flagged container vessel MSC ELSA3 sank over the weekend, releasing fuel and more than 100 cargo containers into the water.The vessel was en route from Vizhinjam to Kochi when it capsized approximately 38 nautical miles off the Kerala coast on Saturday. All 24 crew members were safely rescued, according to local officials. The cause of the incident has not yet been disclosed.The Kerala chief minister’s office confirmed Sunday that the entire ship is now submerged.

India plans to spend $10 billion over the next 25 years to acquire up to 112 crude oil tankers, Bloomberg reported, citing unnamed officials. The move would effectively reduce reliance on foreign-chartered vessels and bolster energy security for India.According to the Bloomberg report, orders for 10 ships could come as early as this month, with the stipulation that ships must be built in India, potentially with foreign collaboration. The government targets increasing the share of India-built tankers in its fleet from 5% to 7% by 2030…

Indian gas transporter GAIL (India) will operate its 5 million-tonnes-per-year liquefied natural gas (LNG) import terminal in western India during the monsoon season for the first time, after completing a breakwater facility, Chairman Sandeep Kumar Gupta said.The company typically shuts the Ratnagiri terminal — popularly known as the Dabhol LNG plant — for four months from May 25 each year to avoid high tides. The new breakwater will now enable ship arrivals during the monsoon."Our breakwater has been completed.

Indian Oil Corp has signed a five-year import deal with trader Trafigura to buy 2.5 million metric tons of liquefied natural gas (LNG) in a $1.3–$1.4 billion deal, Chairman A S Sahney said on Wednesday.Supplies under the deal would begin from the second half of this year, he said, adding that the price of the LNG is linked to the U.S. Henry Hub benchmark.Trafigura will supply 2.5 million tonnes of LNG, equivalent to about 27 cargoes under the deal, he said.Earlier in the day, Reuters had reported…

The CMA CGM Group welcomed the arrival of the first Indian flagged containership registered by a major foreign carrier, CMA CGM Vitoria, at Nhava Sheva Free port Terminal on April 28, 2025, in the presence of Honourable Minister of State for Ministry of Ports, Shipping and Waterways of India, Shri Shantanu Thakur.Mr. Atit Mahajan, General Manager, CMA CGM India, hosted the welcoming ceremony, which was attended by key dignitaries from India’s Ministry of states for Ports, Shipping and Waterways…

Three more Russian insurers, including a subsidiary of top lender Sberbank, have asked India for approval to provide marine insurance for oil shipments sent to Indian ports, two sources with knowledge of the matter said, as Moscow looks to maintain deliveries despite Western sanctions.India has already approved five insurers from Russia, which has no insurance firms in the International Group of P&I Clubs, which provides liability cover for personal injury or environmental clean…

India has extended an auction of deep-sea blocks containing critical minerals used in electric vehicle batteries and other products until May 1, a spokesperson at India's Ministry of Mines said on Wednesday.China is a top global producer of 30 of the 50 minerals considered critical by the U.S.

In a landmark event, a reconstructed 5th-century wooden stitched ship was launched into the waters of the Mandovi River in Goa. This endeavor, a collaborative effort between the Ministry of Culture, the Indian Navy, and Hodi Innovations Pvt. Ltd., is a step in reviving India's ancient maritime traditions. Indian Register of Shipping (IRS) has been instrumental in this project, ensuring that while the vessel retains its historical design, it also meets contemporary safety and design standards.

An ageing tanker loaded with Russian oil that was barred by Indian authorities is transferring its cargo to a second ship to complete the delivery, according to two sources and ship tracking data.The Andaman Skies is transferring its cargo of crude oil to the Sao Tome and Principe-flagged vessel Ozanno, the sources said.While many buyers have shunned Russian oil since Moscow's invasion of Ukraine in 2022, India and China have remained keen buyers. India is the biggest buyer of seaborne Russian crude…

The Indian government plans to sell a stake of up to 4.83% in Mazagon Dock Shipbuilders, according to an exchange filing on Thursday.The government, which currently owns 84.83% of the company, is looking to sell 11.4 million shares representing a stake of 2.83% with an option to sell an additional 2%.The sale will be made at a floor price of 2,525 rupees per share, the shipbuilding company said, a near 8% discount to Thursday's closing price.Mazagon Dock's shares have risen nearly 23% so far this year.(Reuters)

Indian port authorities denied entry to an ageing tanker loaded with Russian crude on Thursday due to inadequate documentation, sources familiar with the matter said, an unusual move that indicates tightened scrutiny of vessels carrying Russian oil.India is the biggest buyer of seaborne Russian crude. Russian oil accounted for about 35% of overall crude imports in 2024 by India, the world's third biggest oil importer and consumer.The Tanzania-flagged Andaman Skies, carrying about 100…

Singapore and India have signed a Letter of Intent (LOI) to cooperate on maritime digitalization and decarbonization.The LOI was inked by Teo Eng Dih, Chief Executive of the Maritime and Port Authority of Singapore, and R. Lakshmanan, Joint Secretary of the Ministry of Ports, Shipping and Waterways (MOPSW) of India.The parties will collaborate on maritime digitalization and decarbonization projects, including identifying relevant stakeholders who could contribute to the effort…

Asia's imports of crude oil are expected to rise to the highest in 10 months as heavyweights China and India lifted arrivals from Russia, but impending maintenance schedules and rising prices mean such levels may not be sustained.The world's top importing region is forecast to see arrivals of 27.48 million barrels per day (bpd) in March, up from 26.70 million bpd in February and January's 27.18 million bpd, according to data compiled by LSEG Oil Research.The bulk of oil arriving in March was arranged before the current increase in prices…