
News Update
5 Jun 2026
Centre Plans Rs 19,209 Cr Maritime Investment To Make West Bengal Eastern Logistics Hub
The Centre plans to invest Rs 19,209 crore in West Bengal’s maritime sector by 2031 to develop the state as eastern India’s leading maritime and logistics hub. The proposed projects include port expansion at Kolkata and Haldia, inland waterway upgrades, a multimodal logistics hub, shipbuilding facilities, cruise tourism infrastructure and riverfront redevelopment, creating over 62,500 jobs. Union minister Sarbananda Sonowal said the initiatives would attract private investment, reduce logistics costs and boost trade, while the state government pledged support for key connectivity and port development projects.

2 Jun 2026
Mumbai Port Aims for 80 MMT Cargo After Record FY26 Performance
Mumbai Port Authority has set a target of handling 80 MMT of cargo in FY27 after recording its highest-ever throughput of 75.15 MMT in FY26. The port accounted for 8.22% of cargo handled by India’s major ports, with strong market shares in iron and steel EXIM, liquid bulk and coastal trade. Chairperson Dr M. Angamuthu credited stakeholders for the achievement. MbPA will focus on improving operational efficiency, expanding cargo volumes, adopting eco-friendly handling practices and advancing projects such as the proposed marina development.

29 May 2026
India Launches Port Performance Index and Digital Maritime Reforms
India launched the Logistics Port Performance Index (LPPI) for FY 2024-25 along with four major digital initiatives to improve governance and transparency across the shipping ecosystem. The launch took place
at JNPA's 37th Foundation Day in Mumbai.

21 May 2026
DCIL Records Historic ₹1,214 Crore Turnover in FY26
Dredging Corporation of India Limited achieved its highest-ever annual turnover of ₹1,214.09 crore in FY 2025-26, marking a major milestone in its 50-year history. The company reported a Profit After Tax of ₹4.75 crore and an operational profit (EBIDA) of ₹253.46 crore, while quarterly revenue for March 2026 rose 73 per cent year-on-year to ₹478.23 crore. Following the results, DCIL shares surged 33 per cent, reflecting strong investor confidence. The performance underscores DCIL’s expanding role in India’s maritime infrastructure, port dredging, and inland waterway development sectors.

20 May 2026
Going Green at Sea: Maersk’s Methanol Moment
A.P. Moller-Maersk has taken delivery of its second 9,000-TEU methanol dual-fuel container vessel from Yangzijiang Shipbuilding, reinforcing its push toward net-zero emissions by 2040. The vessel reflects growing industry adoption of alternative fuels as environmental regulations tighten globally. Methanol-powered ships offer operational flexibility and lower emissions, making them increasingly attractive for major trade routes. The delivery also highlights China’s dominance in next-generation shipbuilding and signals that green shipping is rapidly evolving from experimentation into mainstream commercial strategy.

