The Government of India has officially notified detailed guidelines for two shipbuilding initiatives, a combined outlay of over ₹44,700 crore. Released by the Ministry of Ports, Shipping and Waterways (MoPSW), the Shipbuilding Financial Assistance Scheme (SBFAS) and the Shipbuilding Development Scheme (SbDS) aim to transform India into a global maritime powerhouse by reviving domestic yards and deepening industrial linkages.

#governmentofindia #shipbuilding #shipping #recycling #infrastructure #mopsw #sbfas #sbds #globalmaritimepowerhouse

Knowledge Marine & Engineering Works (KMEW) announced on December 23 that it has received formal approval from the Joint Commissioner of Income Tax, Mumbai, to transition to the Tonnage Tax Scheme under Section 115VP (3) of the Income Tax Act.

#kmew #shipping #ports #tax #incometaxact #mumbai

Singapore-based shipbuilder Seatrium announced on December 22 that it has reached a settlement with Maersk Offshore Wind regarding the delivery of a specialised wind turbine installation vessel. The US$475 million contract was the subject of a legal conflict that began in October 2025. This high-stakes standoff was resolved by the agreement, which followed Maersk's attempt to cancel the contract due to construction delays.

#seatrium #maersk #offshorewindvessel #ship #oilvessel #singapore #shipping

Delhivery, India’s largest fully integrated logistics provider, has launched its on-demand intracity shipping service in Mumbai and Hyderabad. The service, facilitated through the Delhivery Direct app, is designed to meet the growing local shipping needs of small businesses, direct-to-consumer (D2C) brands, and individual residents.

#delhivery #logistics #intracityshipping #supplychain #mumbai #hyderabad #delhiverydirectapp #shipping

DP World has launched a new 36-hour maritime service linking Dubai’s Mina Rashid with Iraq’s Umm Qasr Port, creating a faster and more predictable alternative to traditional overland trucking routes between the two markets. The dedicated RoRo service is designed to handle up to 145 accompanied trailers per sailing, significantly reducing transit times, costs and cross-border complexities for regional trade.

#dpworld #minarashid #ummqasrport #dpworldexpress #drydocksworld #dubaicustoms #gdrfa #republicofiraq #logistics #shipping