Shipbuilding and Port news

India’s Union Cabinet has approved the ₹10,000 crore Container Manufacturing Promotion Scheme to boost domestic container production, reduce import dependence and strengthen maritime supply chains, targeting an annual manufacturing capacity of 7.5 lakh TEUs.

The U.S. Maritime Administration has approved an $8.2 billion deepwater LNG port project off Matagorda, Texas, expected to create thousands of jobs and boost U.S. LNG export capacity by 7–9%.

Saudi Arabia ships nearly all its oil exports through two main ports, Ras Tanura in the Gulf and Yanbu on the Red Sea.

With a 15-year-old tanker now worth more than a new one, owners have demolished their own favourite argument against retrofitting older ships.

Abu Dhabi’s Khalifa Port climbed five places to 34th globally after handling 6.6 million TEUs in 2025, up 21.6%.

The deal comes as Canada is planning to build new export corridors, trade routes, strengthen supply chains and expand to overseas markets.

The Whale Class is Karpowership’s largest powership design. Each vessel is designed to deliver between 500 MW and 600 MW.

The U.S. Army Corps of Engineers Philadelphia District honored the Dredge McFarland during a farewell ceremony Oct. 23 at Fort Mifflin.

China now leads the world in new ship orders, with its shipyards securing almost 81.8% of them in the first 9 months of 2026.