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The Shipping Corporation of India (SCI) has launched its largest-ever global shipbuilding tender, inviting bids for the construction of six next-generation cellular container vessels with a capacity of 8,000 TEU each. Valued at approximately $720 million, the project marks a significant milestone in India's efforts to modernise its merchant fleet while strengthening the country's shipbuilding ecosystem.
The tender comprises a firm order for two vessels and an option for four additional ships. In line with the government's push to promote domestic shipbuilding under the Maritime Amrit Kaal Vision, Indian shipyards will enjoy the Right of First Refusal (RoFR), enabling them to match the lowest bid submitted by an overseas yard and secure the contract.
Designed for long-haul container operations, the new vessels will significantly enhance SCI's fleet capabilities and improve India's presence in global container shipping. The ships are expected to support growing export-import trade, provide greater operational flexibility and reduce dependence on foreign-flagged carriers for international cargo movement.
The proposed vessels will feature advanced, environmentally sustainable technologies and are expected to comply with evolving international emission norms. Reports indicate that the ships are being planned with LNG-fuel-ready or alternative-fuel-ready capabilities, reflecting the global maritime industry's transition towards cleaner and more energy-efficient operations. The move aligns with the International Maritime Organization's decarbonisation targets and India's broader green shipping agenda.
Industry observers believe the tender is likely to attract participation from leading shipyards in South Korea, Japan and Europe, while also encouraging strategic partnerships between global shipbuilders and Indian yards. Such collaborations could accelerate technology transfer, strengthen local manufacturing capabilities and improve the competitiveness of India's shipbuilding sector.
The initiative also complements the Centre's long-term strategy to expand India's commercial fleet and develop indigenous shipbuilding capacity. With containerised trade continuing to grow and supply chains becoming increasingly diversified, investment in modern, fuel-efficient vessels is expected to improve cargo security, lower logistics costs and enhance India's position in global maritime trade.
For SCI, the acquisition represents a major fleet expansion initiative aimed at meeting future cargo demand while operating a more efficient and environmentally compliant fleet. As the country's national carrier accelerates its modernisation programme, the tender is expected to play a pivotal role in advancing India's ambitions of becoming a global maritime and logistics hub.
𝐒𝐭𝐚𝐲 𝐓𝐮𝐧𝐞𝐝 𝐭𝐨 CARGOCONNECT 𝐟𝐨𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬!
Italian shipping company Ignazio Messina & C. has launched the Red Sea Express Line, expanding its India–Red Sea service network to increase sailing frequency and cargo capacity on a trade corridor that connects India with the Gulf and Saudi Arabia. The new service is scheduled to begin operations from Nhava Sheva on 27 August 2026. The Red Sea Express will operate alongside the company's existing Jolly Line service, providing additional departures and greater schedule flexibility for cargo moving between the Indian subcontinent and the Red Sea region. The move comes as shipping lines continue to strengthen service offerings on regional trade lanes amid growing demand for reliable connections. To support the new service, Ignazio Messina has deployed the MV Berham Box, a vessel dedicated exclusively to the Red Sea Express route. The service will follow a rotation of Nhava Sheva – Sohar – Jeddah – Nhava Sheva, operating on a 20-day frequency. The route is expected to provide regular connectivity between India, Oman and Saudi Arabia, supporting the movement of containerised cargo as well as industrial equipment, machinery and project cargo. Increased sailing options are also expected to improve supply chain planning for exporters and importers serving the region. The launch strengthens Ignazio Messina's presence in the Indian Ocean–Red Sea corridor, a market that has seen sustained demand for dependable shipping services. By adding capacity and dedicated vessel deployment, the carrier aims to improve network resilience while expanding its regional liner service portfolio. Follow CARGOCONNECT for more such updates.
The Gujarat Government has launched the Shipbuilding Policy 2026, a strategic initiative aimed at transforming the state into India's premier shipbuilding and ship repair hub. The policy seeks to attract investments exceeding Rs 27,000 crore, create a shipbuilding capacity of 50 lakh Deadweight Tonnage (DWT), and establish two world-class shipbuilding parks, reinforcing Gujarat's position in the country's maritime and logistics ecosystem. The new policy comes at a time when India is intensifying efforts to strengthen domestic shipbuilding capabilities under the broader vision of developing a self-reliant maritime sector. With Gujarat already accounting for a significant share of India's ship recycling, ports and maritime trade, the state aims to leverage its extensive coastline, robust port infrastructure and industrial ecosystem to emerge as a global destination for shipbuilding. A key highlight of the policy is the development of two integrated mega shipbuilding parks equipped with modern infrastructure and common facilities. These parks are expected to support the construction of commercial vessels, specialised ships and offshore structures while also promoting ancillary industries involved in marine equipment, engineering and component manufacturing. To attract investors, the policy offers a range of financial incentives, including capital assistance, interest subsidies, skill development support and infrastructure incentives. The state government expects these measures to encourage both domestic and international companies to establish manufacturing facilities and expand operations in Gujarat. Besides increasing industrial investment, the initiative is projected to generate substantial employment opportunities across shipbuilding, ship repair, marine engineering, logistics and allied sectors. The policy also places emphasis on developing a skilled workforce through dedicated training programmes, ensuring the availability of specialised talent required by the industry. Industry experts believe the policy could significantly strengthen India's maritime manufacturing capabilities while reducing dependence on imported vessels. The expansion of shipbuilding infrastructure is also expected to improve coastal shipping, facilitate exports and enhance the efficiency of the country's logistics network. The Shipbuilding Policy 2026 aligns with the Centre's vision of making India a global maritime powerhouse and complements ongoing investments in ports, coastal infrastructure and multimodal logistics. By creating an enabling ecosystem for shipbuilding and marine manufacturing, Gujarat is positioning itself to play a pivotal role in supporting India's long-term ambitions in global trade and supply chain development. With substantial investments, infrastructure development and industry-friendly incentives, Gujarat's latest policy is expected to provide fresh momentum to the country's maritime economy while strengthening the state's leadership in the logistics and shipping sector. 𝐒𝐭𝐚𝐲 𝐓𝐮𝐧𝐞𝐝 𝐭𝐨 CARGOCONNECT 𝐟𝐨𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬!
Global container carrier CMA CGM will implement revised Freight All Kinds (FAK) rates and introduce a new Peak Season Surcharge (PSS) for shipments from the Mediterranean and North Africa to the Middle East Gulf and Red Sea, effective 1 August 2026, as carriers continue to adjust pricing in response to evolving market conditions and regional operational challenges. The revised FAK rates will apply to dry cargo and paying empty containers originating from Mediterranean ports. Freight charges will vary depending on the origin and destination, with shipments to the Middle East Gulf attracting higher rates from the Black Sea and East Mediterranean than those from the West Mediterranean and Adriatic regions. Cargo destined for Red Sea ports will also be subject to updated tariffs based on the port of origin. Alongside the rate revision, CMA CGM will introduce a Peak Season Surcharge on the same trade lanes. A surcharge of USD 1,500 per container will apply to dry cargo, out-of-gauge cargo and paying empty containers moving from the Adriatic, East Mediterranean and Black Sea to both the Middle East Gulf and the Red Sea. Shipments from the West Mediterranean and North Africa to the Middle East Gulf will incur the same surcharge, while cargo bound for the Red Sea from those origins will attract a lower USD 500 per container charge. The carrier said the published FAK rates cover base ocean freight and bunker-related costs. However, customers should expect additional charges, including terminal handling, safety and security fees, contingency charges and other local surcharges, where applicable. The pricing changes come as shipping lines continue to respond to capacity constraints, fluctuating operating costs and ongoing security risks affecting trade through the Red Sea and surrounding maritime corridors. Recent geopolitical tensions in the region have also contributed to higher bunker costs, prompting carriers to revise pricing across multiple services. For shippers and freight forwarders operating on Mediterranean–Middle East trade lanes, the revised freight rates and seasonal surcharges are expected to increase transportation costs from August, requiring adjustments to freight budgets and supply chain planning. Follow CARGOCONNECT for more such updates.
