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India’s maritime financing landscape is poised for a significant milestone as Sagarmala Finance Corporation Limited (SMFCL) is set to launch the country’s first-ever blue bond, marking a new chapter in sustainable financing for the maritime and coastal infrastructure sectors.
The proposed issuance is expected to raise up to ₹1,000 crore, including a greenshoe option of ₹500 crore, according to company officials. The initiative is aimed at diversifying funding sources while supporting projects linked to ports, coastal infrastructure, inland waterways and other ocean-based economic activities. The move also aligns with India’s broader vision of strengthening the blue economy through environmentally responsible investments.
Blue bonds are a specialised category of debt instruments designed to finance projects that promote the sustainable use of marine and water resources. While green bonds have gained considerable traction globally in recent years, blue bonds remain a relatively niche segment of the sustainable finance market. According to World Bank estimates, global blue bond issuances crossed $15 billion by mid-2025, highlighting growing investor interest in ocean-focused development initiatives.
For SMFCL, the proposed bond issue represents more than just a fundraising exercise. The maritime-focused non-banking financial company is seeking to secure longer-tenure funding to better match the duration of the loans it extends to infrastructure projects. Industry estimates indicate that while the company’s existing borrowings carry an average tenor of around 3.5 years, the loans it disburses typically extend to nearly 12 years. The blue bond is therefore expected to help reduce asset-liability mismatches and strengthen the institution’s long-term lending capabilities.
Established under the Ministry of Ports, Shipping and Waterways, SMFCL has emerged as India’s first dedicated maritime-sector NBFC. Since commencing lending operations, the institution has focused on addressing financing gaps across strategic maritime segments, including port development, shipbuilding, logistics infrastructure and coastal connectivity projects. The company received its NBFC licence in 2025 and has since positioned itself as a key financial enabler for India’s port-led development strategy.
The upcoming blue bond issue is expected to complement the company’s broader capital-raising plans. SMFCL has previously indicated its intention to mobilise as much as ₹10,000 crore during FY27 through a combination of bonds, term loans and overseas borrowings to support the expansion of India’s maritime ecosystem. Funding will be channelled towards greenfield and brownfield port projects, shipbuilding facilities, inland waterways, multimodal logistics networks and last-mile connectivity infrastructure.
Industry experts view the proposed issuance as a potential catalyst for the development of India’s blue finance market. If successful, the bond could pave the way for other infrastructure and financial institutions to tap sustainable debt instruments dedicated to marine conservation and ocean-linked economic growth, reinforcing India’s ambitions to become a leading maritime nation while advancing environmental stewardship.
𝐒𝐭𝐚𝐲 𝐓𝐮𝐧𝐞𝐝 𝐭𝐨 https://cargoconnect.co.in/ 𝐟𝐨𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬!
China’s Ningbo-Zhoushan Port has overtaken Singapore to become the world’s second-busiest container port during the first half of 2026, according to the latest container throughput rankings compiled by shipping analyst Alphaliner. The shift marks a notable change in the global port hierarchy, although the margin between the two gateways remains narrow. Ningbo-Zhoushan handled 22.90 million twenty-foot equivalent units (TEUs) between January and June 2026, registering an 8.8% year-on-year increase. Singapore, meanwhile, processed 22.74 million TEUs, up 4.7% from the corresponding period last year. The difference of roughly 160,000 TEUs highlights the increasingly competitive race for the second position. Shanghai retained its position as the world’s busiest container port, handling approximately 28.74 million TEUs in the first half of 2026, an increase of 6.2% year on year. The latest ranking therefore places two Chinese ports at the top, with Ningbo-Zhoushan moving ahead of Singapore for the first time over a complete six-month reporting period. Jintang Expansion Strengthens Ningbo-Zhoushan Ningbo-Zhoushan’s stronger growth has been supported by capacity expansion and improved international connectivity. The second phase of the Jintang container hub was completed in July 2026, bringing all five operational container berths within the expanded development. During the first half of the year, Jintang added 17 international shipping routes, while its container volumes increased by 23.4%. The expansion is expected to strengthen the port complex’s ability to accommodate rising cargo demand and serve an expanding network of global trade lanes. The port has experienced significant growth over the past two decades, crossing 20 million TEUs in 2015 and 30 million TEUs in 2021. In 2025, it exceeded 40 million TEUs for the first time, handling 43.87 million TEUs for the full year. Singapore remained ahead in the annual ranking, recording 44.66 million TEUs. Competition Expected to Remain Close Despite Ningbo-Zhoushan’s first-half lead, Singapore remains a formidable competitor. Alphaliner has indicated that Ningbo-Zhoushan’s growth could moderate during the second half of 2026, leaving open the possibility of Singapore reclaiming the second position. For global supply chains, the development underscores how port investments, shipping connectivity, cargo generation and changing trade patterns are reshaping the competitive landscape. With only a small volume separating the two ports, the battle for the world’s second-busiest container gateway is likely to remain closely watched through the remainder of 2026. 𝐒𝐭𝐚𝐲 𝐓𝐮𝐧𝐞𝐝 𝐭𝐨 CARGOCONNECT 𝐟𝐨𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬!
The Ministry of Ports, Shipping and Waterways has approved a ₹334.89-crore internal flyover at Visakhapatnam Port Authority (VPA) to ease cargo evacuation, reduce congestion and improve the movement of vehicles within the port. The 3.584-km elevated corridor will connect Convent Junction with the Dock Area, separating road and rail traffic and addressing delays caused by frequent closures at nine railway level crossings. The crossings reportedly see around 18 gate closures each day due to high train exchange volumes, resulting in vehicle queues, longer waiting times, increased fuel consumption and higher operating costs. The project was approved by Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal and appraised by the Delegated Investment Board, chaired by the Ministry’s Secretary. Sonowal said the project would address a critical bottleneck at the port and enable faster, more efficient cargo movement. The scope includes civil and electrical works, utility shifting, safety installations and five years of maintenance. Construction will be planned to minimise disruption to ongoing port operations, particularly in key dock areas. The elevated corridor is expected to reduce road-rail conflicts and improve last-mile connectivity, supporting smoother cargo evacuation from the port. The project is aligned with the government’s broader focus on integrated infrastructure development under the PM GatiShakti framework. The flyover is scheduled for completion within 30 months of commencement and is expected to strengthen the operational efficiency of Visakhapatnam Port and its role in India’s maritime logistics network. Follow CARGOCONNECT for more such updates
The Indian government is developing a comprehensive customs playbook covering 100 high-value imported commodities to streamline the country's faceless customs regime, reduce assessment disputes, and enable businesses to access tariff concessions under India's expanding network of Free Trade Agreements (FTAs) more efficiently. The initiative forms part of the next phase of customs reforms aimed at improving trade facilitation and enhancing the ease of doing business. According to officials familiar with the development, the proposed framework will introduce detailed Standard Operating Procedures (SOPs) for each identified product category. These SOPs will provide commodity-specific and origin-specific assessment guidelines, ensuring uniform interpretation of customs rules across ports and customs formations operating under the faceless assessment system. A key objective of the initiative is to simplify the process of claiming preferential tariff benefits available under India's recently concluded FTAs. The playbook is expected to minimise inconsistencies in customs assessments, reduce clearance delays, and lower the number of queries raised during the processing of Bills of Entry. As part of the proposed reforms, customs offi cers handling faceless assessments will be encouraged to limit queries on each Bill of Entry to a maximum of three. The framework will also introduce greater accountability by tracking assessment timelines and holding officers responsible for unnecessary delays. These measures are intended to improve consistency in decision-making while making import clearances more predictable for businesses. The government introduced the faceless customs assessment mechanism to eliminate physical interaction between importers and customs officials, improve transparency, and create a technology-driven clearance process. While the system has strengthened digital processing, businesses have continued to report varying interpretations of customs provisions across assessment groups, particularly in relation to Rules of Origin and eligibility for FTA benefits. According to experts, a standardised assessment framework will help address these challenges by providing clear guidance for customs officers and importers alike. The move is also expected to strengthen confidence among businesses seeking to leverage preferential market access under India's growing portfolio of trade agreements, while supporting faster cargo movement, reducing transaction costs, and improving overall supply chain efficiency. 𝐒𝐭𝐚𝐲 𝐓𝐮𝐧𝐞𝐝 𝐭𝐨 CARGOCONNECT 𝐟𝐨𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬!
