The Sovereignisation Of Maritime Risk: Bharat Maritime Insurance Pool And The Future Of Strategic Shipping Infrastructure

The approval of the Bharat Maritime Insurance Pool (“BMIP”) by the Union Cabinet with a sovereign guarantee reportedly amounting to approximately ₹12,980 crore marks one of the most ambitious maritime policy interventions undertaken by India in recent decades. Official governmental communications issued through the Press Information Bureau and Prime Minister’s Office frame the initiative as

Aluminium Passenger Vessel Debuts at SHM’s Mumbai Yard

SHM Group (SHM), one of the foremost companies in shipbuilding, ship management, and maritime safety, successfully launched Ocean Crewzer 8 (Y-410) at its shipyard in Mumbai. Built entirely with aluminium, Ocean Crewzer 8 is a 29 metre high-speed passenger craft, designed to meet the requirements of India’s waterway operations.  This emphasizes the indigenous spirit of

Advancing Gender Equality

Pratik Bijlani – The National Maritime Day Celebrations (NMDC) Committee, under the aegis of the Directorate General of Shipping, commemorated the International Day for Women in Maritime on 18th May at the Maritime Training Institute (MTI) in Powai, Mumbai, bringing together maritime leaders, policymakers, educators, seafarers and cadets to celebrate the growing contribution of women

Maritime Reform Utsav

Pratik Bijlani – Union Minister Sarbananda Sonowal chaired a high-level review meeting of the Ministry of Ports, Shipping and Waterways following the Prime Minister-led Council of Ministers meeting, outlining an ambitious reform-driven agenda aimed at accelerating India’s maritime transformation in line with Prime Minister Narendra Modi’s “Viksit Bharat 2047” vision. The meeting focused on strengthening

New Cargo Routes Unveiled

Pratik Bijlani – Saudi Arabia has taken another significant step towards strengthening its regional maritime network and logistics ambitions with the launch of new cargo shipping services connecting key ports across the Red Sea, Gulf region, and East Africa. The Saudi Ports Authority (Mawani) recently inaugurated a new shipping service linking Jeddah Islamic Port with

CMMI Spotlights Geopolitical Tensions and Global Trade Routes

Pratik Bijlani – The Company of Master Mariners of India (CMMI) recently organised an interactive session titled “Geopolitics at Sea” at The Paradise by Tunga, Mumbai bringing together maritime professionals, seafarers, industry leaders, insurers and master mariners to discuss the growing influence of geopolitical developments on global shipping and trade. The seminar focused on how

Carraro India Posts 25% Revenue Surge in FY26

Carraro India Limited has reported a strong set of numbers for FY26, underscoring its growing role as a Tier‑I supplier of axles, transmissions, and gears to global OEMs. The company’s consolidated income rose 25% year‑on‑year to ₹22,840 million, while profit after tax surged 48% to ₹1,306 million, reflecting disciplined cost management and operating leverage. Exports

ABB Powers Galápagos Expedition Yacht with Hybrid-Electric Upgrade

ABB is collaborating with expedition travel company Quasar Expeditions, based in Ecuador, to modernize the iconic yacht formerly known as Galú for hybrid-electric propulsion. The conversion will make the vessel, originally built by Italian shipyard Benetti in the 1970s, the first of its kind. The conversion from conventional combustion engines to hybrid-electric propulsion will allow