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Ministry of Ports, Shipping and Waterways

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Namestring
Ministry of Ports, Shipping and Waterways
Legal namestring
Ministry of Ports, Shipping and Waterways, Government of India
Websiteurl
shipmin.gov.in
Company typeenum
Private
Founded yearint
1942
Descriptiontext

The Ministry of Ports, Shipping and Waterways (MoPSW) is the Government of India ministry responsible for formulating and implementing policies, programs, and guidelines for the ports, shipping, and inland waterways sectors. Established post-independence as the Ministry of Shipping and renamed to its current form in 2019 to reflect an expanded mandate, the ministry exercises direct administrative control over 13 Major Port Authorities (including Kolkata, Mumbai, Chennai, Paradip, Visakhapatnam, Cochin, New Mangalore, Mormugao, Jawaharlal Nehru, and Deendayal), statutory autonomous bodies such as the Inland Waterways Authority of India, the Tariff Authority for Major Ports, and the Indian Maritime University, and central public sector enterprises including the Shipping Corporation of India, Cochin Shipyard Limited, the Sagarmala Development Company, and the Indian Port Global Limited. The ministry is headquartered at Transport Bhawan, 1 Parliament Street, New Delhi, with operations support presence in Mumbai and Port Blair.

The ministry's product and technology surface consists of digital governance portals rather than commercial technology products. These include Sagar Setu (maritime services portal at nlpmarine.gov.in), Sagargyan & Vidya Kosh (knowledge portal at mopsw.nic.in), SBFAS and SbDS shipbuilding portals (shipbuilding.dgshipping.gov.in), the Adjudicatory Board for Major Ports portal, and the Sagar Unnati Performance Dashboard for monitoring major port operational metrics. Strategic policy outputs include Maritime India Vision 2030 (launched 2020) and Maritime Amrit Kaal Vision 2047 (launched 2024), plus the flagship Sagarmala program for port-led coastal development, integrated with the Gati Shakti national multimodal connectivity master plan. Other published instruments include the Sagar Aankalan Guidelines (Logistics Port Performance Index), IIF and MIF Guidelines under the Maritime Development Fund (MDF), and Draft National Water Metro Guidelines 2026.

MoPSW does not operate a commercial revenue model. It is funded entirely through Government of India budget allocations and implements its mandate through statutory port trusts, autonomous bodies, and public sector enterprises. Customers and stakeholders of the ministry's outputs include the major and minor ports sector, domestic and international shipping operators, shipbuilding and ship-repair yards (including Cochin Shipyard Limited), inland water transport operators under the national waterways framework, and seafarers served through the Seafarers Welfare Fund Society. Current ministerial leadership comprises Cabinet Minister Shri Sarbananda Sonowal and Minister of State Shri Shantanu Thakur, with Shri Vijay Kumar serving as Secretary.

Short descriptiontext

The Ministry of Ports, Shipping and Waterways is a Government of India ministry that formulates and implements policy across the ports, shipping, and inland waterways sectors. It oversees 13 major ports, multiple PSUs, and statutory autonomous bodies, and operates digital governance portals for India's maritime infrastructure.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersNew Delhi, India
HQ citystring
New Delhi
HQ countrystring
India
HQ regionstring
Asia
Markets served

Serves global market

Offices3 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
maritime governance, port administration, shipping regulation, inland waterways, maritime policy
Industry5 codes
1Transportation Regulators (Aviation, Maritime, Rail, Road)
CodeBPAIAOALPrimaryYes
2Maritime & Port Authorities (Public Ports, Harbors, Ferries Terminals)
CodeBPAIALAFPrimaryNo
3Port Dues, Permitting & Regulatory Clearances
CodeTLAHAFADPrimaryNo
4Port Call Clearance & Documentation (Arrival/Departure, Customs/Immigration/Health)
CodeTLAHAJAAPrimaryNo
5Publicly Operated Ferry Authorities (Municipal/Regional)
CodeTLAFALAKPrimaryNo
NAICS code3 codes
  • Support Activities for Water Transportation4883
  • Water Transportation483
  • Navigational Services to Shipping488330
SIC code2 codes
  • Water Transportation4400
  • Arrangement Of Transportation Of Freight & Cargo4731
Product category
Maritime Governance
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Infrastructure, Technology or R&D, Others
GTM typeB2B
B2B
Offering typeServices
Services
Brand1 of 5 records shown
1Sagarmala
Description

A flagship program of the Ministry aimed at port-led coastal development and improving India's logistics infrastructure

shipmin.gov.in
+4 more records
Core offering1 text field

The Ministry of Ports, Shipping and Waterways is a Government of India ministry that formulates and implements policies, programs, and regulations for the maritime transport sector. It exercises administrative control over 13 major ports, regulates shipping and shipbuilding, develops national waterways and inland water transport, and delivers supporting services through digital portals such as Sagar Setu, Sagargyan & Vidya Kosh, and the Sagar Unnati performance dashboard.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Ministry of Ports, Shipping and Waterways is a government ministry (not a product company) that operates a portfolio of web-based portals, dashboards, and policy documents for India's maritime sector. The digital portfolio includes: Sagar Setu (maritime services portal), Sagargyan & Vidya Kosh (knowledge/learning portal), SBFAS & SbDS Portals (shipbuilding services), the Adjudicatory Board portal, and the Sagar Unnati Performance Dashboard for monitoring port operations. The ministry also publishes strategic policy documents including Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047, plus guidelines such as Sagar Aankalan (port performance index) and National Water Metro Guidelines 2026. These offerings function as a distributed ecosystem of government service portals and policy frameworks rather than a unified commercial product.

Product and service9 records
1Sagarmala Program
CategoryGovernment Development Program
2Maritime India Vision 2030
CategoryPolicy Document
3Maritime Amrit Kaal Vision 2047
CategoryPolicy Document
4Sagar Setu Portal
CategoryGovernment Digital Service Portal
5Sagargyan and Vidya Kosh Portal
CategoryGovernment Digital Service Portal
6SBFAS and SbDS Shipbuilding Portals
CategoryGovernment Digital Service Portal
7Adjudicatory Board for Major Ports
CategoryGovernment Adjudication Service
8Sagar Unnati Performance Dashboard
CategoryGovernment Performance Dashboard
9National Water Metro Guidelines 2026
CategoryGovernment Guidelines
Partnership5 partners
Strategic tierCoreTypeOthers
Description

National master plan for multimodal connectivity integrated with the ministry's Sagarmala program for comprehensive infrastructure development

Strategic tierMinorTypeOthers
Description

National program for sports development featured on ministry website as part of government initiatives

Strategic tierCoreTypeTechnology or Integration
Description

Website development, hosting, and technical support provided by NIC for the ministry's digital infrastructure

Strategic tierMinorTypeOthers
Description

Innovation initiative featured on ministry portal

5India Maritime Week 2026
Strategic tierCoreTypeGTM or Marketing Partner
Description

Major maritime industry event bringing together ports, shipping and maritime stakeholders for business development and networking

shipmin.gov.in
Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

One of the world's largest port operators (Dubai-government owned). Comparable as a global incumbent in the same port/maritime ecosystem MoPSW regulates, and a likely counterparty in Indian port PPP concessions.

TypeDirect peer
Description

Singapore's national maritime regulator and port authority — the most direct international functional equivalent to MoPSW, overseeing port licensing, vessel clearance, navigational safety, and maritime policy formulation for a leading global hub.

TypeOthers
Description

UN specialized agency setting global maritime safety, security, and environmental standards. Comparable as the apex international regulatory counterpart MoPSW coordinates with for Indian-flag vessel compliance and seafarer training.

TypeEmerging player
Description

Singapore sovereign-linked global port operator with terminal joint ventures in India (e.g., JNPA PSA). Comparable as a port-operating peer engaging with MoPSW's port trust PPP framework.

TypeDirect peer
Description

EU agency for maritime safety, vessel traffic monitoring, and port state control. Comparable in its regulatory and navigational oversight role to MoPSW's Directorate General of Shipping and Directorate General of Lighthouses and Lightships.

TypeDirect peer
Description

Australian federal agency responsible for maritime safety, navigation, and vessel regulation. Comparable to MoPSW's DGS and DGLL functions in a comparable Commonwealth governance context.

7U.S. Maritime Administration (MARAD)
TypeDirect peer
Description

U.S. federal agency within the Department of Transportation responsible for U.S. maritime policy, port infrastructure, and shipping fleet support — directly comparable in mandate (ports, shipping, waterway promotion) to MoPSW.

TypeRegional player
Description

India's largest private multi-port operator and dominant competitor to MoPSW-administered major ports. Directly comparable as the principal private-sector counterpart within the Indian maritime value chain MoPSW oversees.

9China Ministry of Transport (Maritime Bureau)
TypeBroad incumbent
Description

China's national transport ministry with a maritime sub-bureau responsible for ports, shipping, and waterway policy. Comparable to MoPSW given the scale and state-led maritime development model, though broader in scope (covers road, rail, civil aviation).

TypeBroad incumbent
Description

Japanese ministry with maritime and ports portfolio alongside broader transport responsibilities. Comparable as a peer national maritime regulator with a developed-country port and shipping ecosystem.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles10 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries26 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Ministry of Ports, Shipping and Waterways

Maritime Governanceshipmin.gov.in

The Ministry of Ports, Shipping and Waterways is a Government of India ministry that formulates and implements policy across the ports, shipping, and inland waterways sectors. It oversees 13 major ports, multiple PSUs, and statutory autonomous bodies, and operates digital governance portals for India's maritime infrastructure.

What Ministry of Ports, Shipping and Waterways does

The Ministry of Ports, Shipping and Waterways (MoPSW) is the Government of India ministry responsible for formulating and implementing policies, programs, and guidelines for the ports, shipping, and inland waterways sectors. Established post-independence as the Ministry of Shipping and renamed to its current form in 2019 to reflect an expanded mandate, the ministry exercises direct administrative control over 13 Major Port Authorities (including Kolkata, Mumbai, Chennai, Paradip, Visakhapatnam, Cochin, New Mangalore, Mormugao, Jawaharlal Nehru, and Deendayal), statutory autonomous bodies such as the Inland Waterways Authority of India, the Tariff Authority for Major Ports, and the Indian Maritime University, and central public sector enterprises including the Shipping Corporation of India, Cochin Shipyard Limited, the Sagarmala Development Company, and the Indian Port Global Limited. The ministry is headquartered at Transport Bhawan, 1 Parliament Street, New Delhi, with operations support presence in Mumbai and Port Blair.

The ministry's product and technology surface consists of digital governance portals rather than commercial technology products. These include Sagar Setu (maritime services portal at nlpmarine.gov.in), Sagargyan & Vidya Kosh (knowledge portal at mopsw.nic.in), SBFAS and SbDS shipbuilding portals (shipbuilding.dgshipping.gov.in), the Adjudicatory Board for Major Ports portal, and the Sagar Unnati Performance Dashboard for monitoring major port operational metrics. Strategic policy outputs include Maritime India Vision 2030 (launched 2020) and Maritime Amrit Kaal Vision 2047 (launched 2024), plus the flagship Sagarmala program for port-led coastal development, integrated with the Gati Shakti national multimodal connectivity master plan. Other published instruments include the Sagar Aankalan Guidelines (Logistics Port Performance Index), IIF and MIF Guidelines under the Maritime Development Fund (MDF), and Draft National Water Metro Guidelines 2026.

MoPSW does not operate a commercial revenue model. It is funded entirely through Government of India budget allocations and implements its mandate through statutory port trusts, autonomous bodies, and public sector enterprises. Customers and stakeholders of the ministry's outputs include the major and minor ports sector, domestic and international shipping operators, shipbuilding and ship-repair yards (including Cochin Shipyard Limited), inland water transport operators under the national waterways framework, and seafarers served through the Seafarers Welfare Fund Society. Current ministerial leadership comprises Cabinet Minister Shri Sarbananda Sonowal and Minister of State Shri Shantanu Thakur, with Shri Vijay Kumar serving as Secretary.

Ministry of Ports, Shipping and Waterways firmographics

Firmographics
Name
Ministry of Ports, Shipping and Waterways
Legal name
Ministry of Ports, Shipping and Waterways, Government of India
Website
https://shipmin.gov.in
Company type
Private
Founded year
1942
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
The Ministry of Ports, Shipping and Waterways is a Government of India ministry that formulates and implements policy across the ports, shipping, and inland waterways sectors. It oversees 13 major ports, multiple PSUs, and statutory autonomous bodies, and operates digital governance portals for India's maritime infrastructure.
Ownership category
akta.pro rank

Ministry of Ports, Shipping and Waterways industry classification

Industry
Product category
Maritime Governance
NAICS
Support Activities for Water Transportation (4883), Water Transportation (483), Navigational Services to Shipping (488330)
SIC
Water Transportation (4400), Arrangement Of Transportation Of Freight & Cargo (4731)
akta.pro primary industry
Transportation Regulators (Aviation, Maritime, Rail, Road) (BPAIAOAL)
akta.pro secondary industries
Maritime & Port Authorities (Public Ports, Harbors, Ferries Terminals) (BPAIALAF), Port Dues, Permitting & Regulatory Clearances (TLAHAFAD), Port Call Clearance & Documentation (Arrival/Departure, Customs/Immigration/Health) (TLAHAJAA), Publicly Operated Ferry Authorities (Municipal/Regional) (TLAFALAK)

Keywords

  • Maritime governance
  • Port administration
  • Shipping regulation
  • Inland waterways
  • Maritime policy

Where Ministry of Ports, Shipping and Waterways is headquartered

Location

Headquarters

HQ city
New Delhi
HQ country
India
HQ region
Asia

Offices3 records

Markets served

Ministry of Ports, Shipping and Waterways business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Infrastructure, Technology or R&D, Others

Distribution channels3 records

Marketing channels5 records

Ministry of Ports, Shipping and Waterways product offering

Product offering

Core offering

The Ministry of Ports, Shipping and Waterways is a Government of India ministry that formulates and implements policies, programs, and regulations for the maritime transport sector. It exercises administrative control over 13 major ports, regulates shipping and shipbuilding, develops national waterways and inland water transport, and delivers supporting services through digital portals such as Sagar Setu, Sagargyan & Vidya Kosh, and the Sagar Unnati performance dashboard.

Product overview

Ministry of Ports, Shipping and Waterways is a government ministry (not a product company) that operates a portfolio of web-based portals, dashboards, and policy documents for India's maritime sector. The digital portfolio includes: Sagar Setu (maritime services portal), Sagargyan & Vidya Kosh (knowledge/learning portal), SBFAS & SbDS Portals (shipbuilding services), the Adjudicatory Board portal, and the Sagar Unnati Performance Dashboard for monitoring port operations. The ministry also publishes strategic policy documents including Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047, plus guidelines such as Sagar Aankalan (port performance index) and National Water Metro Guidelines 2026. These offerings function as a distributed ecosystem of government service portals and policy frameworks rather than a unified commercial product.

Differentiator

Problem solved

Functional benefit

Brands

  • Sagarmala: A flagship program of the Ministry aimed at port-led coastal development and improving India's logistics infrastructure
  • Sagar Unnati
  • MSW-Sagar Setu
  • Maritime India Vision 2030
  • Maritime Amrit Kaal Vision 2047

Products and services

  • Sagarmala Program
  • Maritime India Vision 2030
  • Maritime Amrit Kaal Vision 2047
  • Sagar Setu Portal
  • Sagargyan and Vidya Kosh Portal
  • SBFAS and SbDS Shipbuilding Portals
  • Adjudicatory Board for Major Ports
  • Sagar Unnati Performance Dashboard
  • National Water Metro Guidelines 2026

Companies that use Ministry of Ports, Shipping and Waterways

Customer profile

Segments3 records

Ideal customer profiles3 records

Ministry of Ports, Shipping and Waterways technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Ministry of Ports, Shipping and Waterways partnerships and signals

Strategic signal

Partnerships

Five partnerships are on record, tiered core and minor.

  • Gati ShakticoreOthersNational master plan for multimodal connectivity integrated with the ministry's Sagarmala program for comprehensive infrastructure development
  • Khelo IndiaminorOthersNational program for sports development featured on ministry website as part of government initiatives
  • National Informatics Centre (NIC)coreTechnology or IntegrationWebsite development, hosting, and technical support provided by NIC for the ministry's digital infrastructure
  • Bharat InnovatesminorOthersInnovation initiative featured on ministry portal
  • India Maritime Week 2026coreGTM or Marketing PartnerMajor maritime industry event bringing together ports, shipping and maritime stakeholders for business development and networking

Recent moves6 records

Expansion highlights6 records

Ministry of Ports, Shipping and Waterways competitors and assessment

Company assessment

Broad incumbents

  • DP World: One of the world's largest port operators (Dubai-government owned). Comparable as a global incumbent in the same port/maritime ecosystem MoPSW regulates, and a likely counterparty in Indian port PPP concessions.
  • China Ministry of Transport (Maritime Bureau): China's national transport ministry with a maritime sub-bureau responsible for ports, shipping, and waterway policy. Comparable to MoPSW given the scale and state-led maritime development model, though broader in scope (covers road, rail, civil aviation).
  • Japan Ministry of Land, Infrastructure, Transport and Tourism (MLIT) Maritime Bureau: Japanese ministry with maritime and ports portfolio alongside broader transport responsibilities. Comparable as a peer national maritime regulator with a developed-country port and shipping ecosystem.

Direct peers

  • Maritime and Port Authority of Singapore (MPA): Singapore's national maritime regulator and port authority — the most direct international functional equivalent to MoPSW, overseeing port licensing, vessel clearance, navigational safety, and maritime policy formulation for a leading global hub.
  • European Maritime Safety Agency (EMSA): EU agency for maritime safety, vessel traffic monitoring, and port state control. Comparable in its regulatory and navigational oversight role to MoPSW's Directorate General of Shipping and Directorate General of Lighthouses and Lightships.
  • Australian Maritime Safety Authority (AMSA): Australian federal agency responsible for maritime safety, navigation, and vessel regulation. Comparable to MoPSW's DGS and DGLL functions in a comparable Commonwealth governance context.
  • U.S. Maritime Administration (MARAD): U.S. federal agency within the Department of Transportation responsible for U.S. maritime policy, port infrastructure, and shipping fleet support — directly comparable in mandate (ports, shipping, waterway promotion) to MoPSW.

Others

  • International Maritime Organization (IMO): UN specialized agency setting global maritime safety, security, and environmental standards. Comparable as the apex international regulatory counterpart MoPSW coordinates with for Indian-flag vessel compliance and seafarer training.

Emerging players

Regional players

  • Adani Ports and Special Economic Zone (APSEZ): India's largest private multi-port operator and dominant competitor to MoPSW-administered major ports. Directly comparable as the principal private-sector counterpart within the Indian maritime value chain MoPSW oversees.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Ministry of Ports, Shipping and Waterways social profiles

Digital presence

Ministry of Ports, Shipping and Waterways financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Ministry of Ports, Shipping and Waterways leadership team

Management profile

Number of profiles

Profiles10 records

Ministry of Ports, Shipping and Waterways subsidiaries and ownership

Company hierarchy

Subsidiaries26 records

Ministry of Ports, Shipping and Waterways funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Ministry of Ports, Shipping and Waterways M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ministry of Ports, Shipping and Waterways

What does Ministry of Ports, Shipping and Waterways do?

The Ministry of Ports, Shipping and Waterways is a Government of India ministry that formulates and implements policies, programs, and regulations for the maritime transport sector. It exercises administrative control over 13 major ports, regulates shipping and shipbuilding, develops national waterways and inland water transport, and delivers supporting services through digital portals such as Sagar Setu, Sagargyan & Vidya Kosh, and the Sagar Unnati performance dashboard.

Is Ministry of Ports, Shipping and Waterways a public or private company?

Ministry of Ports, Shipping and Waterways is a private company. It is classified as state government owned and is currently operating.

When was Ministry of Ports, Shipping and Waterways founded?

Ministry of Ports, Shipping and Waterways was founded in 1942. It employs 1,001 to 5,000 people.

Where is Ministry of Ports, Shipping and Waterways based?

Ministry of Ports, Shipping and Waterways is headquartered in New Delhi, India, in the Asia region.

Who are Ministry of Ports, Shipping and Waterways's main competitors?

Broad incumbents on record are DP World, China Ministry of Transport (Maritime Bureau) and Japan Ministry of Land, Infrastructure, Transport and Tourism (MLIT) Maritime Bureau. Direct peers are Maritime and Port Authority of Singapore (MPA), European Maritime Safety Agency (EMSA), Australian Maritime Safety Authority (AMSA) and U.S. Maritime Administration (MARAD). International Maritime Organization (IMO) is listed as an others. PSA International (Port of Singapore Authority) is listed as an emerging player. Adani Ports and Special Economic Zone (APSEZ) is listed as a regional player.

Does Ministry of Ports, Shipping and Waterways have an API?

No public API is recorded for Ministry of Ports, Shipping and Waterways.

What industry is Ministry of Ports, Shipping and Waterways in?

Ministry of Ports, Shipping and Waterways's product category is Maritime Governance. Its primary akta.pro industry code is BPAIAOAL, Transportation Regulators (Aviation, Maritime, Rail, Road), with a secondary code of BPAIALAF, Maritime & Port Authorities (Public Ports, Harbors, Ferries Terminals). Its NAICS code is 4883 and its SIC code is 4400.

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Live signals
The Times of IndiaShipping ministry launches 2 credit risk insurance products for ship building industryThe Shipping Ministry launched two credit risk insurance products for India's shipbuilding industry under the National Shipbuilding Mission. The policies, developed by ECGC and New India Assurance, cover export and domestic projects respectively, with the government subsidizing premiums and supporting insurers on claims. The policies aim to reduce financial stress in large-scale ship manufacturing.Business StandardShipping ministry unveils 2 specialised credit risk insurance productsThe Shipping Ministry announced two credit risk insurance products for India's shipbuilding industry under the National Shipbuilding Mission. The policies, developed by ECGC and New India Assurance, cover export and domestic projects respectively, with the government subsidizing premiums and supporting insurers. The announcement came at the 21st Maritime State Development Council meeting.BusinessLineIndia announces two credit risk insurance policies for shipbuilding industryThe Shipping Ministry announced two credit risk insurance policies for India's shipbuilding industry under the National Shipbuilding Mission. The policies, developed by ECGC and New India Assurance, cover export and domestic projects respectively, with government subsidies. The MSDC, now a statutory body, endorsed port-linked industrial clusters and ONOP implementation.CNBCTV18Shipping ministry launches two credit risk insurance products for ship building industry - CNBC TV18The Shipping Ministry launched two credit risk insurance products for India's shipbuilding industry under the National Shipbuilding Mission. The policies, developed by ECGC and New India Assurance, cover export and domestic projects respectively, with the government subsidizing premiums and supporting insurers on claims.Indian Economic ObserverSagarmanthan 2026 to bring maritime leaders from nearly 75 countries to New DelhiSagarmanthan 2026, the third edition of the Great Oceans Dialogue, will bring over 1,200 participants from nearly 75 countries to New Delhi from October 7-9. The event, co-hosted by ORF and the Ministry of Ports, Shipping and Waterways, focuses on trade, technology, and sustainability at sea. It aligns with India's Maritime Amrit Kaal Vision 2047.The TribuneSagarmanthan 2026 to bring maritime leaders from nearly 75 countries to New DelhiThe third Sagarmanthan dialogue will be held in New Delhi from October 7 to 9, bringing over 1,200 participants from nearly 75 countries. The event, co-hosted by ORF and the Ministry of Ports, Shipping and Waterways, focuses on trade, technology, sustainability, and cooperation at sea. It aligns with India's Maritime Amrit Kaal Vision 2047.Ani NewsSagarmanthan 2026 to bring maritime leaders from nearly 75 countries to New DelhiSagarmanthan 2026, the third edition of the Great Oceans Dialogue, will bring over 1,200 participants from nearly 75 countries to New Delhi from October 7-9. The event, co-hosted by ORF and the Ministry of Ports, Shipping and Waterways, focuses on trade, technology, and sustainability at sea. It aligns with India's Maritime Amrit Kaal Vision 2047.Construction WorldIndia Notifies Four Mega Ports, Including Adani’s MundraThe Ministry of Ports Shipping and Waterways classified Mundra, Paradip, and Jawaharlal Nehru Port as India's first mega ports under Section 73 of the Indian Ports Act 2025. Mundra, operated by Adani Ports, is the only privately owned facility among the four. The status remains valid for five years, subject to periodic review based on cargo throughput.ScanXShipping Corporation of India appoints Vipul Singhal as nominee directorShipping Corporation of India appointed Vipul Singhal, Director (SBR) at the Ministry of Ports, Shipping and Waterways, as a Part-Time Government Nominee Director, effective September 25, 2026. The appointment follows Competent Authority approval conveyed on September 24, 2026, and Singhal has over 17 years of experience in logistics, transport, and railways.Business News TodayCentre notifies Kandla, JNPA, Paradip, and Mundra as mega portsThe Ministry of Ports, Shipping and Waterways notified Kandla, JNPA, Paradip, and Mundra as mega ports under the Indian Ports Act, 2025. The criteria for mega-port classification were set, and these four ports satisfy the requirements. India has 12 major ports and over 200 non-major ports.