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| | NEW DELHI : The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, on Wednesday approved the Container Manufacturing Promotion Scheme (CMPS), a Rs 10,000 crore programme announced in the Union Budget 2026-27 to build a globally competitive container manufacturing ecosystem in India. The scheme will run from FY 2027-28 to FY 2039-40, with three years for setting up facilities and ten years of production support. |
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| | SEOUL : Union Minister of Ports, Shipping and Waterways, Shri Sarbananda Sonowal, on Wednesday met Chung Ki-sun, Chairman of HD Hyundai, in Seoul and discussed the next steps for India’s proposed greenfield shipyard at Thoothukudi, Tamil Nadu. The meeting took place during Sonowal’s four-day visit to South Korea, which is focused on deepening India–Korea cooperation in shipbuilding and the wider maritime industry. |
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| | AHMEDABAD : Adani Ports and Special Economic Zone Limited (APSEZ) announced its results for the second quarter ended September 30, 2026. APSEZ’s strong Q2 performance, with consolidated revenue up 24% to ₹11,340 Cr and EBITDA up 23% to ₹6,807 Cr, underscores its transformation into India’s largest and amongst the world’s fastest growing Integrated Transport Operator, with multiple growth engines across Domestic and International Ports, Logistics, and Marine scaling simultaneously. |
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| | NEW DELHI : Union Minister of Commerce and Industry Shri Piyush Goyal paid a courtesy call on H.S.H. Hereditary Prince Alois of Liechtenstein on 28 October 2026 during his State Visit to India. The meeting focused on strengthening economic engagement and advancing investment opportunities under the India-EFTA Trade and Economic Partnership Agreement (TEPA). |
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| | BUSAN : Shri Sarbananda Sonowal, Hon’ble Union Minister of Ports, Shipping and Waterways, held a bilateral interaction with H.E. Marina Hadjimanolis, Shipping Deputy Minister of Cyprus, in Busan to explore avenues for strengthening the strategic maritime partnership between India and Cyprus. |
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| | PARADIP : Paradip Port Authority (PPA) is exploring new avenues for cooperation with leading South Korean maritime and shipbuilding companies to strengthen bilateral maritime ties and promote technological advancement in the port and shipping sectors. |
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| | NEW DELHI : Union Minister of Commerce and Industry, Shri Piyush Goyal, interacted with representatives of Export Promotion Councils (EPCs) in New Delhi on Wednesday to review the prevailing export scenario, discuss emerging opportunities and challenges in international trade, and deliberate on measures to further strengthen India’s export competitiveness. |
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| | NEW DELHI : India’s exports to Norway reached a record high in the financial year 2025–26, reflecting the growing international competitiveness of Indian products and the expanding footprint of Indian manufacturers in global markets. The achievement highlights the increasing demand for Indian goods across key sectors, including chemicals, engineering goods, technical textiles, maritime equipment and green mobility. |
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| | MUMBAI : Hindustan Shipyard Limited (HSL) Chairman and Managing Director Rear Admiral C. Raghuram (Retd.) has called for a shift towards series production, collaborative rule-making and digital documentation to improve the competitiveness of India’s shipbuilding industry. |
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| | TEHRAN: Iran is continuing talks with intermediaries concerning a proposal to end its war with the United States, with Foreign Minister Abbas Araghchi stating that the plan could be implemented in less than a week, provided the necessary arrangements are secured. |
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| | GURUGRAM : Transport Corporation of India Ltd. (TCI), India’s leading integrated multimodal logistics and supply chain solutions provider, today announced its financial results for the quarter and half year ended September 30, 2026. |
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| | ABINGDON: Achilles, a global leader in supply chain risk and performance management, has announced the results of a new independent ROI analysis conducted in collaboration with independent research and advisory firm Verdantix. The study highlights the significant financial and operational benefits energy and natural resources companies can achieve by modernising supplier risk and sustainability management. |
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| | NEW DELHI: India’s manufacturing and services sectors are projected to generate more than 35 crore (350 million) new jobs by 2030, according to the latest estimates from multiple Sector Skill Councils and industry bodies. This surge in employment potential is matched by an urgent need for accelerated skilling, practical training, and robust collaboration between industry and academia. Industry data from various councils and government sources highlights the scale and immediacy of the challenge. |
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| | TOKYO : Mitsui O.S.K. Lines, Ltd. day announced the delivery and entry into service of an LNG dual-fuel coal carrier constructed as a dedicated vessel for Kansai Electric Power Co., Inc. The vessel is Japan’s first coal carrier equipped with the Wind Challenger, a hard sail wind-assisted propulsion system. A naming and delivery ceremony was held at Oshima Shipbuilding Co., Ltd. to mark the vessel’s completion, during which the vessel was named “MAIZURU KAZENOMAI“ |
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| | LONDON : Nuclear propulsion can compete in container shipping only if an effective global emissions policy is in place and reactor costs fall sharply, according to new research from the UCL Energy Institute’s Shipping and Oceans Research Group. It is one of the most detailed total cost-of-ownership assessments of nuclear merchant shipping to date. |
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| | TOKYO : Japanese energy and power company JERA has signed a binding agreement with India’s AM Green for long-term green ammonia supplies, with the fuel intended for bunkering ammonia-fuelled car carriers. The deal covers around 70,000 tonnes/year for five years, with supplies planned from AM Green’s Kakinada facility from 2028/29, JERA announced on Tuesday. |
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| | TOKYO : Seven Japanese companies agreed on Tuesday, October 27, to build four ammonia-fuelled car carriers and develop an ammonia fuel supply chain centred on Japan’s Chubu region. All four vessels are scheduled for completion in 2030. |
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| | | India Shipping News (ISN) is an Online Web Portal which delivers fastest and most relevant current news on Shipping, Logistics, Maritime, Export – Import, Infrastructure, Economy, Business and Trade. |
Our focus is to source and deliver latest and updated news for the overall trade and our Readers. ISN delivers authentic and foremost important news on regular basis presenting cutting-edge information on latest happenings, topical issues and current trends in the industry by the most possible way. |
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