MARITIME SECTOR
Piyush Goyal steps up US outreach, pitches India to global investors for deeper investment ties
Union Commerce and Industry Minister Piyush Goyal held meetings with top executives from prominent investment firms and consumer companies. He discussed investment opportunities and partnerships with Blackstone, Neuberger Berman, and The Estee Lauder Companies. The discussions included India's manufacturing, sourcing, and its growing beauty and personal care market. Goyal's engagement aimed to strengthen investment linkages and explore further business opportunities.
The US said China was priming a trade superweapon. Then it vanished
LOGINK, originally a project to improve cargo logistics, has seen its international efforts falter significantly. The platform lost key partnerships, withdrew from an international association, and is currently embroiled in legal disputes. Its operations hub in Wenzhou appears abandoned, indicating financial troubles that have emerged in recent years. Additionally, US pressure has contributed to its declining influence in global shipping.
SCI to help India achieve ambition of becoming top shipping nation: Sonowal
India's Union Minister Sarbananda Sonowal emphasized the importance of domestic shipbuilding at the Shipping Corporation of India's anniversary. The company is expected to see its Profit After Tax surpass Rs 2,000 crore this fiscal year. Sonowal called on SCI to play a key role in achieving the national goal of self-reliant shipbuilding by 2047.
Iran oil minister resigns, replaced by top executive amid US blockade on Tehran's exports
Iranian Oil Minister Mohsen Paknejad has resigned, with National Iranian Oil Company chief Hamid Bovard appointed as acting minister. The resignation comes as the US intensifies its naval blockade and sanctions targeting Iran’s oil revenues amid the ongoing Middle East war.
US Navy awards $24.4 billion to accelerate production of Standard Missile-6
The US Navy has secured a deal worth up to $24.4 billion with Raytheon to ramp up production of Standard Missile-6 interceptors over five years. The Pentagon says the agreement will increase SM-6 inventory, strengthen vulnerable supply chains and give defence contractors greater certainty to expand factories and workforce. The deal is part of Washington’s broader push to accelerate critical munition production.
Building global infrastructure: JEY GROUP’s vision for long-term growth
Acknowledged for his pivotal role in global maritime investments, Dr. Dattatreya Nagireddy leads JEY GROUP’s mission in creating connected ecosystems to boost international trade and sustainable energy practices. His leadership is centered on logistics, shipping, and energy, aimed at branching out operations worldwide. This recognition reflects JEY GROUP's commitment to fostering long-term economic growth by adopting a holistic approach in key market industries.
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India and Qatar accelerate talks on Bilateral Investment Treaty and Free Trade Agreement amidst USD 10 billion investment
India and Qatar have agreed to accelerate discussions on a Bilateral Investment Treaty and Free Trade Agreement. Finance Minister Nirmala Sitharaman and Qatar’s Minister of State for Foreign Trade reviewed investment opportunities in key sectors. Both nations aim to implement a USD 10 billion Qatari investment commitment and establish a QIA office in India. Sitharaman also emphasized the need for normal trade flows in the Gulf region.
DGMA extends validity of seafarer competency certificates amidst continuing Gulf crisis
This decision comes due to continued maritime security issues in West Asia and surrounding regions. Indian seafarers on vessels may face issues with certificate renewal or revalidation as a result of these challenges. The extension applies to various statutory certificates held by Indian seafarers working onboard.
IFC to lend $70 million to JN Port for first blue financing in maritime sector
JNPA will become the first Indian port to deploy shore power technology at scale commercially. IFC's long-term financing is expected to support the adoption of this emerging technology and demonstrate a replicable financing model that could facilitate similar investments across other ports in the country.
India's first port-based e-Methanol production facility to produce and supply green fuel to ships
A new Rs 2,300 crore e-methanol plant will be established in Kandla to produce green fuel. This plant is a partnership between Deendayal Port Authority and Assam Petro-Chemicals, aimed at enhancing cleaner shipping. The project is expected to create over 3,500 jobs and foster a green energy value chain in the region.
Orbital Shift: India's space sector undergoing biggest transformation; pvt firms handle rockets, ISRO focus on more ambitious missions
India's space sector is undergoing significant changes as private companies engage in rocket production and management. The Indian Space Research Organisation is shifting its focus towards more ambitious missions and projects. This transition follows the introduction of the Indian Space Policy 2023, which emphasizes private sector participation. Concerns have been raised by ISRO employees regarding the agency's future and potential loss of capabilities.
India's first port-based e-methanol production facility to produce and supply green fuel to ships
Phase I of the project will add 50 tonnes per day of capacity at an investment of Rs 1,200 crore, targeted for completion by January 2027, followed by Phase II, which will add a further 100 tonnes per day at an investment of Rs 1,100 crore, targeted for March 2027 — taking the total investment to Rs 2,300 crore.
India, WFP discuss challenges to global humanitarian efforts on UNGA sidelines
India's Secretary (West) Sibi George held separate meetings with WFP Acting Executive Director Carl Skau and EU Commissioner Apostolos Tzitzikostas on the sidelines of UNGA81, discussing humanitarian challenges and India-EU cooperation in tourism, hospitality and transport.
Jaishankar meets Russia, Iran foreign ministers at UNGA days after Trump signs sanctions law
During the UN General Assembly, India's External Affairs Minister S. Jaishankar conferred with officials from Russia and Iran, highlighting vital areas like bilateral ties, BRICS collaboration, and the Gulf conflict. He reaffirmed India's focus on energy security in light of recent US sanctions. Furthermore, Jaishankar participated in discussions with the Gulf Cooperation Council to fortify partnerships, alongside co-chairing a dialogue centered on the ramifications of artificial intelligence on maritime security.
Paradip Port gets 'Mega Port' status, only one on East Coast
Paradip Port has been designated as a Mega Port under the Indian Ports Act, 2025. This recognition is a significant milestone for its development and operational capabilities. The government’s decision aims to strengthen maritime connectivity and support infrastructure growth. Paradip Port's strategic location enhances its importance as a key gateway for trade. The designation is expected to promote its development as a globally competitive maritime hub.
US must pivot from tariffs to Quad partnership with India: Former US NSA John Bolton
John Bolton expressed concerns over the new Sanctioning Russia and Iran Act of 2026 legislation. He warned that expanded sanctions authority to President Trump could lead to geopolitical issues. Bolton advised the administration to prioritize strategic relations with India rather than imposing tariffs. He emphasized the importance of focusing on threats posed by China in these discussions.
'Busan Agreement' explained: What the US-China trade truce means for world trade
US Treasury Secretary Scott Bessent announced the extension of the Busan Agreement until January 10, 2027. This extension allows both sides more time to negotiate without facing immediate tariff threats. The Busan Agreement was initially established to ease trade tensions between the US and China last year. Key areas of focus include agriculture and non-tariff barriers that require further discussion.
Germany ready to sign submarine deal with India once New Delhi completes approvals: German envoy Jasper Wieck
Germany's Ambassador to India, Jasper Wieck, stated that a submarine partnership awaits Indian approvals. This partnership with Thyssenkrupp Marine Systems focuses on technology transfer and production in India. The project aligns with broader India-Germany defence cooperation initiatives. Earlier agreements aimed to enhance joint training and development in defense sectors were also signed. Germany will proceed with the deal as soon as required approvals are completed by Indian authorities.
Green clearance validity for ports, harbours extended to 20 years
The government has extended the validity of environmental clearances for ports, harbours, breakwaters and dredging projects to 20 years from 10 years, with further extensions possible subject to safeguards. The move aims to support long-term port development and investment as India targets 10,000 MMTPA capacity by 2047. The change also covers eligible ongoing projects with active clearances.
Saudi defence fund speeds up maritime sector push following Houthi advance
Saudi Arabia’s MASNA Ventures plans to raise its defence-focused venture capital fund to $150 million and invest more in local manufacturing of US and allied defence technology, including drones, autonomous systems and anti-drone systems.
India's first blue bond set for launch next week: Report
Sagarmala Finance Corporation plans its maiden blue bond issuance on September 28. The company aims to raise six billion rupees for maritime sector projects. These funds will support port development and coastal road networks. SBI Capital Markets is arranging the issue, which is rated AA+ by Icra and Care. Investors will submit coupon and commitment bids on Monday.
US watches Chinese research ships near Alaska, Arctic
The US Coast Guard is closely monitoring Chinese research vessels operating near Alaska and across the Arctic, citing potential security implications. Four Chinese vessels have been observed in the US Arctic in 2026, with officials raising concerns over seabed research and the potential dual-use of scientific data.
India, EU discuss implementation of priorities under strategic partnership
India and the European Union held discussions on inter-parliamentary cooperation. High-level exchanges and shared priorities under their strategic partnership were discussed. Ambassador Pranay Verma met with Pietro Ducci for fruitful exchanges. External Affairs Minister S Jaishankar also held meetings with EU officials. These engagements focused on advancing trade, technology, and global matters.
'Critically important': Zelenskyy thanks Trump for Russia sanctions bill with nod to Lindsey Graham
Ukrainian President Volodymyr Zelenskyy thanked US President Donald Trump for signing the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, urging its provisions to be implemented “fully and swiftly” to increase pressure on Russia. He also paid tribute to the late Senator Lindsey Graham, after whom the legislation was named.
Crude Oil Above $100: Can Saudi Arabia’s export disruption trigger a new global energy shock?
Crude oil has crossed $100 a barrel as Saudi Arabia faces disruptions to its alternative export route following attacks on the East-West Pipeline. Prolonged outages could tighten global supplies, raise prices and increase risks for oil-importing economies such as India, while a sustained disruption could push Brent towards $115-$125 a barrel.
Oman's Sohar Port positions itself as Gulf gateway for Indian traders amid Hormuz tensions
Oman's Sohar Port is actively positioning itself as a gateway for Indian businesses. The port offers integrated facilities and investment opportunities across various industrial sectors. This strategic location provides Indian traders with an advantage for regional expansion. Sohar Port is a fast-growing global hub with value-added services for businesses. Oman's other ports like Salalah and Duqm also support Indian trade and investment.
Iranian drones, missile target US-contracted vessel near Strait of Hormuz, crew injured: Report
A US-contracted vessel faced an Iranian drone and missile strike near the Strait of Hormuz. Minor crew injuries, including smoke inhalation, were reported following the projectile impact. This maritime incident occurred amid ongoing military conflict and regional tensions. Commercial shipping lanes around the vital waterway have been frequently disrupted. Neither Washington nor Tehran has officially confirmed the details of this event.
Government reviews use of ship-recycled steel to boost manufacturing
Ministers reviewed using ship recycling steel to boost domestic production. Key stakeholders examined regulations for secondary steel usage. Discussions focused on expanding recycled steel applications to new sectors. This aims to enhance value generation from ship recycling operations. The government promotes circular economy and sustainable global benchmarks.
MDL plans Rs 27,000 crore shipbuilding cluster at Dighi, eyes 90,000 jobs
Mazagon Dock Shipbuilders will invest Rs 27,000 crore for a new shipbuilding cluster. This project aims to create approximately 90,000 jobs and boost India's shipbuilding capacity. The Dighi facility will enable the construction of large commercial vessels and strengthen maritime capabilities. This initiative aligns with the Centre's Greenfield Shipbuilding Cluster Development Plan. The cluster will attract technology and investment, improving global maritime competitiveness.
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