DIRECTORATE GENERAL OF SHIPPING
Rekise Marine raises $9.7 million from Accel, NKSquared to build autonomous naval platforms
Bengaluru-based Rekise Marine secured $9.7 million from Accel and NKSquared. The funding will accelerate the development of autonomous ships and submarines for the Indian Navy. The company focuses on full-stack development of unmanned maritime systems. This investment supports the expansion of engineering talent and the advancement of their extra-large autonomous underwater vehicle, Jalkapi.
Indian govt on "highest alert", orders agencies to stay vigilant after strikes on ships in the Gulf
US-Iran war: India has directed its agencies to be on high alert. This is in response to recent attacks on Indian-crewed tankers. The government is working with various bodies to support Indian seafarers. Preparations are underway to handle any situation affecting Indian maritime interests. This proactive measure ensures the safety of Indian sailors and national assets at sea.
Will increase seafarer repatriations if needed: Shipping Ministry’s Mukesh Mangal
India plans to increase efforts to bring back its seafarers from West Asia if needed. Currently, 18,000 Indian seafarers are in the region. The government has already facilitated the safe return of over 3,500 seafarers. Recent incidents have involved Indian crew members, with some losing their lives. The ministry is monitoring the situation closely.
Indian cancer patients battle shortage of key drugs as platinum costs surge
Cancer patients in India are struggling to find essential platinum-based drugs. A surge in global platinum prices and supply chain issues are causing shortages. This forces patients to search extensively for medication. Some drugmakers have reduced production. The situation puts immense pressure on the healthcare system and patients seeking treatment.
US carriers spent $6. 5B on fuel in April; global profit forecast is cut nearly in half
Airlines are facing a fuel price shock. U.S. carriers spent over six billion dollars on jet fuel in April, a significant jump from last year. This surge in energy costs is impacting global airline profits. Industry experts predict profits could be cut almost in half by 2026. Airlines are responding by raising fares and cutting flights.
Shipping Ministry confirms attack on vessel carrying 24 Indian seafarers south of the Strait of Hormuz
A fire erupted on the oil tanker MT Marivex, located south of the Strait of Hormuz, with all 24 Indian seafarers aboard reported safe. India's Ministry of Ports, Shipping and Waterways is actively coordinating with other government bodies and Indian embassies overseas. The tanker was reportedly empty at the time, and port operations in India are unaffected.
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Cold storages struggle as Gulf cargo lands in India
Indian cold storages are full of imported apples, avocados, and dry fruits. Shipping disruptions due to the Iran war are causing these diversions. This situation also impacts India's own produce exports. Traders note a slowdown in demand for dry fruits in secondary markets. Avocado imports faced shortages earlier due to shipping route closures.
BRICS and the new geography of agri-trade
India’s BRICS chairship in 2026 comes as agricultural trade faces new challenges beyond tariffs, including climate shocks, food-price volatility, fertiliser supply disruptions, sustainability requirements and digital traceability standards. With BRICS now accounting for nearly half the world’s population, around 40% of global GDP and $1.17 trillion in intra-group trade, agriculture has become a strategic area for cooperation.
Asia's factory output expands as firms stockpile buffers over Iran war risks
Asian factories saw steady growth in May. Companies built up stocks to counter potential supply disruptions from the Middle East conflict. China's manufacturing expanded for the sixth month, while South Korea's activity reached a five-year high. Japan also reported expansion despite rising input costs. This regional push highlights efforts to secure supplies amidst global trade jitters.
What is oil price prediction for Monday? Oil prices fall as US-Iran ceasefire talks support market sentiment
What is oil price prediction for Monday? Oil prices ended lower on Friday as investors reacted to signs of progress in talks between the United States and Iran. Markets focused on the possibility of an extended ceasefire and the reopening of shipping routes through the Strait of Hormuz. Brent crude and West Texas Intermediate both declined, while stock markets showed mixed performance. Traders are now watching diplomatic developments that could influence oil prices when trading resumes on Monday.
India unveils Port Performance Index, maritime digital reforms to boost global competitiveness
Sarbananda Sonowal said, “We have introduced the Logistics Port Performance Index (LPPI) for FY 2024-25. It is a major step towards improving the efficiency, transparency & global competitiveness of Indian ports. By promoting continuous improvement & global benchmarking, it will strengthen India’s position as a leading maritime power.”
India, US hold talks on Indo-Pacific security challenges on sidelines of Singapore summit
Defence Secretary Rajesh Kumar Singh held significant talks with US Indo-Pacific Command chief Admiral Samuel J Paparo in Singapore, focusing on bolstering military cooperation and addressing regional security challenges. These discussions, held during the Shangri-La Dialogue, underscored India and the US's shared commitment to a stable Indo-Pacific amidst growing global strategic competition. Singh also engaged with other international defence leaders.
WHO chief heads to Congo as Ebola outbreak strains response
Health authorities in Congo and neighbouring countries are scrambling to contain the latest outbreak of the rare Bundibugyo strain, for which there is no vaccine or treatment.
India says 10 sailors, detained in 2025, released by Iran
Ten Indian sailors have been released from Iran. They were detained on an oil tanker in July 2025. India's shipping authorities confirmed their safe return. Diplomatic engagement led to their freedom. Arrangements are being made for their return to India. This follows a period of detention near Jask Port.
Iran condemns US strikes as show of 'bad faith', warns of consequences
Iran has condemned US strikes as a breach of trust during peace talks. The US military stated the strikes were defensive. Negotiations are ongoing for a deal to end the war. The Strait of Hormuz remains a key point of discussion. The conflict impacts global food supplies. New proposals involve expanding the Abraham Accords.
A scorching Asian summer will add to risk of surging gas prices
Global gas markets are on edge as the Strait of Hormuz remains largely closed. Traders are watching China and weather forecasts closely. Hotter summers in Asia, potentially fueled by El Niño, will increase air conditioning use. This could boost demand for liquefied natural gas, especially from China, leading to fiercer global competition and higher prices as Europe prepares for winter.
Shipping ministry working on reform-driven roadmap to accelerate maritime transformation
India's shipping ministry is driving a major maritime transformation. A new roadmap focuses on better governance and ease of doing business. Officials are tasked with faster resolution of pending issues and grievances. A digital platform and mobile app will streamline services. The ministry is also embracing AI and data for improved efficiency and transparency across the sector.
Sonowal unveils roadmap for maritime reforms, digital governance under Viksit Bharat 2047
Union Minister Sarbananda Sonowal is driving India's maritime sector forward. A comprehensive reform roadmap aims to boost ease of doing business and digital integration. The Ministry will celebrate 12 years of maritime reforms with a nationwide 'Maritime Reform Utsav'. Focus is on swift grievance redressal and enhanced stakeholder engagement. A new digital platform will streamline maritime services.
DRDO flags rising global CBRN risks, warns of unstable geopolitical order
Global security faces growing challenges. DRDO scientist Upendra Kumar Singh stresses the need for stronger preparedness against chemical, biological, radiological, and nuclear threats. He notes a turbulent geopolitical shift and interconnected global powers. Singh also points to weakening global institutions and rising conflict zones. Emerging health threats and the accessibility of advanced technologies demand attention.
Cochin Shipyard shares fall over 7% after Q4 net profit, revenue decline YoY
Cochin Shipyard's shares dipped following mixed March quarter results. While revenue and net profit saw a year-on-year decline, the company showcased impressive operational efficiency, leading to a significant jump in operating margins. The board has recommended a final dividend of Rs 1.5 per share for FY26, subject to shareholder approval.
What makes the Rs 90,000-crore Great Nicobar Island project critical for India both militarily and economically
India is undertaking a massive Rs 90,000 crore project in Great Nicobar. This initiative will develop a major transshipment port and international airport. It aims to strengthen India's maritime presence and trade infrastructure. The project is strategically located near the Malacca Strait, a vital global trade route. Defence veterans support its importance for national security and economic growth.
India bans sugar exports till September to stabilise domestic prices
India has banned sugar exports until September 30. This move aims to stabilize domestic prices as supply tightens. The ban applies to raw, white, and refined sugar. Exceptions exist for specific quotas and ongoing shipments. This decision reflects efforts to build buffer stocks. Domestic prices have seen an increase. Production forecasts are also impacted by weather patterns.
Two LPG carriers cross Strait of Hormuz, set to reach India this week
Two ships carrying cooking gas for India have successfully navigated the Hormuz Strait. This comes after a recent attack on a dhow, the Haji Ali, which sank. Its 14 crew members were rescued by Omani Coast Guard. Another LPG carrier, SYMI, crossed on May 13 and arrives May 16. NV SUNSHINE crossed on May 14 and arrives May 18.
India prohibits raw, white & refined sugar export till Sept 30
India has banned the export of raw, white, and refined sugar until September 30. This decision aims to control rising domestic prices and manage supply. The ban applies to most shipments, with exceptions for specific quotas and ongoing consignments. This move impacts global sugar trade and India's position as a major exporter.
Could cruise ship passengers sue over the hantavirus outbreak?
Travelers on the MV Hondius find themselves with few legal recourses following a hantavirus outbreak. Oceanwide Expeditions, the company behind the voyage, could face liability if gross negligence is established. All claims will need to be submitted in the Netherlands, where families of those who passed away can also seek justice.
French hantavirus patient is critically ill, on an artificial lung as total cases grow to 11
A French woman is critically ill with hantavirus, requiring an artificial lung, as the cruise ship outbreak reaches 11 cases and three deaths. Health officials are investigating the virus's origin in South America, with Argentina dispatching experts. Returning passengers are advised to quarantine for 42 days.
Hantavirus cases to jump in next few days, warns WHO director, shares details on epidemic fears
Hantavirus outbreak: 11 hantavirus-related cases have so far been reported, including three deaths.
Two more passengers evacuated from cruise ship test positive for hantavirus
Passengers from the ship began flying home aboard military and government planes Sunday after the MV Hondius anchored in the Canary Islands. Personnel in full-body protective gear and breathing masks escorted the travellers from ship to shore in Tenerife, an effort that continued Monday.
2 Indians aboard cruise ship with hantavirus cases evacuated to Netherlands
Two Indian crew members from the Dutch ship MV Hondius have been evacuated to the Netherlands. The ship reported a hantavirus outbreak. Both Indians are healthy and show no symptoms. They are undergoing quarantine as per health protocols. Spanish authorities and WHO experts are managing the situation. The virus is transmitted through rodents. Three deaths have been reported.
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