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LOCAL SOURCING SHIPBUILDING
Defence shares gain momentum on strong production and growth outlookIndian defence stocks surged as the government announced a record ₹1.78 lakh crore in defence production for fiscal 2026, a 15.6% increase ...- Desi shipbuilders plan to augment local sourcing of key componentsIndian shipbuilders are boosting local component sourcing. This aligns with the government's 'Make in India' initiative for the maritime se...
- France's CMA CGM places first vessel order in IndiaIn a groundbreaking development, CMA CGM, the French maritime powerhouse, has set a precedent by commissioning six liquefied natural gas-po...
- Indian Navy commissions Anti-Submarine Warfare vessel 'Androth' in VizagThe Indian Navy has commissioned 'Androth', its second Anti-Submarine Warfare Shallow Water Craft. This vessel will boost the Navy's capabi...
- Indian Navy commissions Anti-Submarine Warfare vessel 'Androth' in VizagThe Indian Navy commissioned 'Androth', its second Anti-Submarine Warfare Shallow Water Craft, at the Naval Dockyard. This induction signif...
- Indian Oil Corp changes track, to buy 10 crude carriers from Shipping Corp JVIndian Oil Corporation is poised to order at least 10 medium-range oil tankers from a Shipping Corporation of India-led joint venture, with...
- HD Hyundai Heavy Industries looks to build shipyard in India; scouting for locations and tie-upsSouth Korea’s HD Hyundai Heavy Industries is exploring shipyard locations in India, visiting Tamil Nadu and negotiating with Andhra Pradesh...
- Budget 2025: Tax breaks said to be among incentives for shipping sectorBudget 2025: The Indian government is considering incentives for the domestic shipping sector, such as tax breaks, support for vessel manuf...
- Thyssenkrupp bids for $5.2 billion Indian submarine contractThyssenkrupp Marine Systems would helm engineering and design of the vessels if India chooses to hand a contract to the manufacturers, whil...
- Ministry of Defence signs Rs 19, 600cr contract for 11 next gen OPVs, six missile vessels for NavyThe acquisitions of these ships will allow the Indian Navy to maintain its combat capability while also meeting the various operational req...
- Shanghai's COVID-19 surge stalls construction of China's third aircraft carrierShanghai reported 3,590 confirmed locally transmitted COVID-19 cases and over 21,500 local asymptomatic carriers on Saturday, the city muni...
- Budget 2022: Defence stocks rally up to 5% on boost to local sourcingZen Technologies hit the 5 per cent upper circuit limit at Rs 209.85. Mazagon Dock Shipbuilders advanced 2.2 per cent to Rs 276.70.
- S Korean shipbuilding giant shifts out of ChinaAccording to its proposal, Samsung would pay one month of salary for every full year of employment, plus one more month of salary and reemp...
- Hyundai looking for new partner to bid for building LNG ships for GAILL&T broke ties with Hyundai to focus on more lucrative defence sector business. Hyundai Heavy Industries is scouting for a new local partne...
- Russian aircraft carrier 'Gorshkov' to be delivered to India in 2013The delivery schedule of Russian aircraft carrier Admiral Gorshkov to Indian Navy has been delayed further after it encountered engine malf...
- Asian shipbuilding industry woes fuel hopes of shipping recoveryShipping industry players in India, like their counterparts in other maritime nations across the world, seem to heave a sigh of relief at t...
- Promotion of India-made vessels adds to INSA worriesDespite being on the agenda of two board meetings, the issue remain undecided due to conflicting interests.
- Govt set to revive subsidy scheme for shipbuilding cosThe government is all set to revive the subsidy scheme for shipbuilding companies such as ABG Shipyard, Bharati Shipyard, Hindustan Shipyar...
- Auxiliary industries struggle to find growthAs shipbuilding sector looks for govt support to be on its own.
- Ship-building industry may get duty breatherThe ministry of shipping, road transport and highways has sought reduction of customs duty levied on import of ship-building equipment in a...
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