Maritime Sector News

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Government clears Bharat Maritime Insurance Pool with ₹12,980 crore sovereign backing

Mumbai, April 19, 2026: The Union Cabinet has approved the creation of the Bharat Maritime Insurance Pool with a sovereign guarantee of ₹12,980 crore, marking a major step to strengthen India’s maritime trade security and insurance framework amid rising global uncertainties. The new mechanism is designed to provide uninterrupted insurance coverage for Indian-flagged, Indian-controlled, and […]

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Major Upgrade Cleared for New Mangalore Port to Enhance Cargo Handling Capacity

New Delhi, March 30, 2026: The government has given approval for the redevelopment of Berth Number Nine at New Mangalore Port, a move aimed at boosting the handling capacity of liquid bulk cargo and improving overall maritime efficiency in the region. The project will involve dismantling ageing structures and building modern infrastructure designed to handle […]

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