The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, yesterday has approved the construction of new coastal Highway from Rameshwarto Paradeep on Hybrid Annuity Model (HAM) in Odisha under two packages with a combined total length of 160.18 km and combined total capital cost of Rs.8300.79 crore.
Two Memorandums of Understanding (MoUs) were signed at the Chief Minister’s official residence, ‘Varsha’, in the presence of Maharashtra Chief Minister Shri Devendra Fadnavis — one between the Government of Maharashtra and Jabil Circuit India Private Limited (electronics manufacturing company), and another between the Government of Maharashtra and Dubai-based RSA Global, an official statement said.
Global consulting firm EY has called for accelerated development of the India–Middle East–Europe Economic Corridor (IMEC) and wider Indo-Pacific trade connectivity initiatives to reduce dependence on the Strait of Hormuz and strengthen supply chain resilience.
Xingtong Shipping Chinese chemical tanker owner Xingtong Shipping has continued its fleet growth drive with contracts for four stainless steel chemical tankers at three domestic shipyards in a deal worth about RMB697.3m ($103m).
The Government of India and the Asian Development Bank (ADB) have signed a $42 million loan agreement aimed at strengthening coastal and riverbank protection measures in Maharashtra, enhancing the resilience of local communities and safeguarding critical natural ecosystems from the impacts of climate change.
Deendayal Port Authority (DPA), Kandla, signed a Memorandum of Understanding (MoU) with Krantiguru Shyamji Krishna Verma Kachchh University in the presence of the Federation of Kutch Industries Associations to strengthen industry-academia collaboration and fostering a knowledge-driven ecosystem in the region.
Sam Chambers European shipping companies will not be forced to pay twice for carbon emissions under both European and International Maritime Organization regulations, European commissioner for sustainable transport and tourism Apostolos Tzitzikostas told delegates at the official opening of Posidonia 2026.
Hanwha Ocean Norwegian shipowner Knutsen Group has firmed up another LNG carrier order at South Korea’s Hanwha Ocean, further expanding one of the industry’s fastest-growing LNG fleets.
SBM Offshore Dutch floater expert SBM Offshore and Norwegian vessel owner Solstad Offshore have formed a joint venture that has entered a letter of intent with a selected shipyard to order a newbuild multi-purpose deepwater installation and construction vessel.
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