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Govt plans expansion of domestic maritime capabilities: Sanjeev Sanyal

Govt plans expansion of domestic maritime capabilities: Sanjeev Sanyal

by AIP Online Bureau | Feb 25, 2026 | Eco/Invest/Demography

Sanjeev Sanyal, Member of the Economic Advisory Council to the Prime Minister The central government is responding to this challenge by prioritising shipbuilding, port development, and ship flagging as critical thrust areas. Recent legislative changes have already...
Govt notifies guidelines of 2 shipbuilding initiatives with Rs 44 700 cr outlay

Govt notifies guidelines of 2 shipbuilding initiatives with Rs 44 700 cr outlay

by AIP Online Bureau | Dec 28, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance

The scheme also includes a Credit Risk Coverage Framework, offering government-backed insurance for pre-shipment, post-shipment and vendor-default risks to improve project bankability and financial resilience New Delhi: The Ministry of Ports, Shipping and Waterways...
Supertankers cross Hormuz shipping strait after avoiding it in past 24 hours

Supertankers cross Hormuz shipping strait after avoiding it in past 24 hours

by AIP Online Bureau | Jun 23, 2025 | Eco/Invest/Demography, Intermediaries, Non-Life, Reinsurance

Greece’s shipping ministry warned on Sunday that the country’s owners should think twice about Hormuz transit and instead head to a safe port Two supertankers, each capable of hauling about 2 million barrels of crude, headed through the Hormuz shipping strait at the...
Govt to meet stakeholders to assess impact of Iran-Israel conflict on India’s trade

Govt to meet stakeholders to assess impact of Iran-Israel conflict on India’s trade

by AIP Online Bureau | Jun 20, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance

According to think tank GTRI, any closure or military disruption in the Strait of Hormuz would sharply increase oil prices, shipping costs, and insurance premiums, triggering inflation, pressuring the rupee, and complicating India’s fiscal management. New Delhi:...
Major nations agree on first-ever global fee on greenhouse gases with plan that targets shipping

Major nations agree on first-ever global fee on greenhouse gases with plan that targets shipping

by AIP Online Bureau | Apr 12, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy

The agreement, reached with the United States notably absent, is expected to be formally adopted at an October meeting to take effect in 2027. The IMO, which regulates international shipping, also set a marine fuel standard to phase in cleaner fuels Many of the...
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