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Recent Current Affairs related to Shipbuilding

6 News
20 October 2026 NATIONAL

Union Minister Sarbananda Sonowal has launched two specialised credit risk insurance products named the Shipbuilding Project Credit Risk Insurance Policy (SbPCP) and the Business Credit Shield Policy - Shipbuilders (BCSPS) during the 21st Maritime State Development Council (MSDC) meeting held in Mumbai.

The products were introduced under the Shipbuilding Development Scheme (SbDS). The SbPCP was developed by the Export Credit Guarantee Corporation of India Ltd to cover export shipbuilding projects and safeguard shipyards. The BCSPS was formulated by The New India Assurance Company Ltd to shield domestic shipbuilding projects from specified payment risks.

20 August 2026 BUSINESS

Cochin Shipyard Ltd (CSL) has delivered 'MS Maria', the second of eight Multi-Purpose Vessels (MPVs) in the 'HS EcoFreighter' series, to the Germany-based shipping firm HS Schiffahrts UG & Co KG.

The vessel was designed by the Netherlands-based Groot Ship Design and constructed by CSL in compliance with the classification rules of Det Norske Veritas (DNV). It is a 7,000 Deadweight Tonnage (DWT) ice-class vessel featuring a raked stem with the 'Groot Crossbow' design.

3 August 2026 DEFENCE

The 5th and final ship of the Diving Support Craft (DSC) Project, named 'DSC A24', has been launched in Titagarh, Kolkata. The vessel is constructed by Titagarh Rail Systems Ltd (TRSL).

It features a catamaran-hull design with a displacement of 300-400 tonnes. It is to be noted that 70% of the equipment used in these vessels is sourced from indigenous manufacturers.

24 July 2026 NATIONAL

The Ministry of Ports, Shipping and Waterways (MoPSW) has granted in-principle approval for two maritime infrastructure projects in Gujarat under the Shipbuilding Development Scheme (SbDS).

The first project is a Greenfield Shipbuilding Cluster at Kuchhadi in the Porbandar district, covering nearly 2,000 acres. The second project is a Ship Repair Facility at Vadinar in the Gulf of Kutch, which will be developed at a cost of ₹1,570 crore by Cochin Shipyard Ltd (CSL) and the Deendayal Port Authority (DPA).

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