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SHIPBREAKING INDUSTRY INDIA
Alang shipbreaking yard, world's largest, faces worst-ever crisis as vessel arrivals hit record lowAlang, India's largest shipbreaking yard, is experiencing its worst downturn. Geopolitical tensions and extended ship lifespans have led to...- India eyeing Bangladesh’s top spot with perks for recycling dying shipsIndia is set to introduce 40 billion rupees in incentives to revitalise its shipbreaking industry and regain market dominance from Banglade...
- Steel Ministry ramps up efforts to boost domestic scrap supply amid global export curbsIndia’s steel ministry is coordinating with other ministries to boost domestic steel scrap supply amid potential EU and US export restricti...
- 'Bharat Container Line will help derisk overseas trade'India plans to launch Bharat Container Line to reduce reliance on foreign vessels and boost overseas trade. The initiative will start with ...
- Budget 2025: Shipping gets a blast of wind in its sailsIndia is set to boost its shipbuilding industry with the announcement of a ₹25,000-crore Maritime Development Fund and development of new s...
- Budget 2025: Nirmala Sitharaman announces Maritime Development Fund of Rs 25,000 crore for long-term financingFinance Minister Nirmala Sitharaman announced a Maritime Development Fund with a corpus of Rs 25,000 crore to support the maritime industry...
- ‘Strong support for India’s ports, shipping & logistics sectors’—Industry players laud Union Budget 2025The government proposes to revamp the Shipbuilding Financial Assistance Policy and establish a Rs 25,000 crore Maritime Development Fund
- Political turmoil in Bangladesh unlikely to impact credit quality of Indian firms: CRISIL RatingsCRISIL Ratings reports that recent political turmoil in Bangladesh is unlikely to impact the credit quality of Indian corporates in the nea...
- Can a new ship-recycling law help India regain its status as the world’s top dismantler of vessels?India used to be the world leader in the industry before competition from Bangladesh became too hot to handle.
- India may adopt Hong Kong convention for green ship recyclingThe government plans to nearly double India’s ship-recycling capacity by 2024 to about nine MnGT.
- Ship-breaking industry busy striving to maintain top formUndercurrents notwithstanding, the domestic players are busy working towards retaining current position as world's top ship-breaking nation.
- Alang Shipbreakers fear GMB rate revision could harm India playIndian shipbreaking activities , though, have registered an encouraging performance during the first six months of the calendar year, India...
- NEERI worried on pollution, health hazards due to shipbreakingThe National Environmental Engineering Research Institute (NEERI) has expressed deep concern over health and environmental hazards caused d...
- India getting ready to ratify recycling conventionIndia is expected to ratify the International Convention for Safe and Environmentally Sound Recycling of Ships, 2009, which was adopted in ...
- Shipbreakers plan to oppose ratification of IMO conventionIndian efforts to approve and ratify the latest International Maritime Organisation convention on ship recycling, which, according to the a...
- Shipbreaking set for healthy turnaround amidst gloomAmid gloomy figures and stats, panning every sector, Shipbreaking industry is up and is expected to post a remarkable turnaround this fisca...
- SBI board okays pension benefit to SBS employeesThe State Bank of India (SBI) board has decided to provide pension benefit to employees of State Bank of Saurashtra.
- Blue Lady's fate uncertain as activists to challenge SCThey say the recent court order violates its earlier ruling against such ships.
- India to press for stricter norms on ship-breakingIndia refuses to be a dump yard for hazardous ships. During the forthcoming inter-sessional working group meeting at the International Mari...
- Norwegian liner `Blue Lady’ to light up shipbreaking in AlangAlang is expected to gain immensely from the ship’s beaching. It will bring in a revenue of Rs 25 crore into state government’s kitty in ta...
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