New Delhi: The Union Government has taken a decisive step towards strengthening India’s maritime logistics ecosystem with the signing of a Memorandum of Understanding (MoU) to establish the Bharat Container Shipping Line (BCSL). The initiative, aligned with Prime Minister Narendra Modi’s vision of Atmanirbhar Bharat, is expected to anchor India’s…
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Paradip Port Sets Record with 14.44 MMT Cargo in January 2026
Paradip Port Authority (PPA) has commenced 2026 on a strong note by achieving its highest-ever cargo handling for the month of January. The Odisha-based major port handled 14.44 million metric tonnes (MMT) of cargo during the month, surpassing its previous January record of 14.32 MMT set in 2024. This milestone…
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India Launches Bharat Line to Stem Shipping Drain
In a decisive push towards Atmanirbhar Bharat in maritime trade, the Union government has initiated the creation of Bharat Container Line, a new domestic container shipping company aimed at reducing India’s overwhelming dependence on foreign shipping firms. The initiative brings together government-owned Shipping Corporation of India (SCI), Container Corporation of…
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Vizhinjam Port Expansion Launched to Boost India’s Maritime Power
India’s maritime infrastructure witnessed a landmark moment on Saturday as Union Minister for Ports, Shipping and Waterways Shri Sarbananda Sonowal inaugurated the capacity augmentation works of the Vizhinjam International Seaport in Kerala. The fast-tracked expansion is expected to significantly enhance India’s container transshipment capabilities and strengthen the country’s position in…
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PPA Celebrates 65th Foundation Day with 21st Paradip Marathon
Paradip Port Authority (PPA), Odisha, celebrated its 65th Port Foundation Day on Saturday, January 3, 2026, with the successful conduct of the 21st Paradip Marathon. Organised by the Gopabandhu Kreeda Sansad, the event started from Hanuman Temple Square and concluded at Gopabandhu Stadium, drawing enthusiastic participation from the local community…
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India’s First Maritime NBFC SMFCL Begins Lending with ₹4,300 Cr
Sagarmala Finance Corporation Limited (SMFCL), India’s first Non-Banking Financial Company exclusively focused on the maritime sector, has formally commenced its lending operations, marking a significant milestone in the country’s evolving maritime finance ecosystem. The corporation approved loan sanctions of approximately ₹4,300 crore at its 51st Board Meeting held on December…