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DP World's marine services business acquires container vessel to boost coastal shipping capabilities
DP World's Shipping Solutions acquired the container vessel DP World Indus. This acquisition strengthens its coastal shipping capabilities within the domestic Indian market. The vessel supports cargo movement, reducing road network pressure and promoting sustainable supply chains. DP World's network now spans fourteen ports with a dedicated fleet of ten vessels. This investment aligns with DP World's strategy to enhance India's logistics and maritime infrastructure.
ACME Green Molecules, Mitsubishi Gas Chemical sign $1 billion green methanol supply deal
India's first global green marine fuel pact sees ACME Green Molecules partnering with Japan's MGC to supply 100,000 tonnes of green methanol annually, valued at $1 billion. This significant deal aims to bolster the shipping industry's shift to low-carbon alternatives, meeting stringent international environmental standards. The renewable fuel, produced in Odisha, will support the global transition to sustainable energy markets.
KMEW gains after consortium bags Rs 66-cr IWAI contract
Knowledge Marine & Engineering Works (KMEW) jumped 7.70% to Rs 2,234.85 after its consortium bagged a Rs 66.11 crore contract from the Inland Waterways Authority of India (IWAI) for 10 hybrid electric passenger ferries.
Garden Reach Shipbuilders gets Navratna tag from government
GRSE is expanding capacity through brownfield and greenfield projects. The company has built more than 800 marine platforms and delivered 118 warships to the Indian Navy, Coast Guard and friendly foreign countries.
Knowledge Marine block deal: SBI Funds Management buys 1.64% stake as promoters exit
Bulk and block deals on June 19 saw SBI Funds Management acquire a 1.64% stake in Knowledge Marine & Engineering Works, alongside transactions in Altius Telecom Infrastructure Trust, Gokaldas Exports and Allcargo amid a volatile market session.
Afcons Infra shares soar over 9% on Rs 5,301 cr order to build world’s second-largest breakwater
Afcons Infrastructure shares surged following a significant contract win. The company will construct a 10.14-km breakwater for Vadhvan Port in Maharashtra. This project is valued at Rs 5,301 crore. The breakwater is expected to be one of the world's longest upon completion. This development highlights Afcons' expertise in large-scale marine infrastructure projects.
Afcons Infrastructure shares jumps 8% after bagging ₹5,301 crore Vadhvan Port project
Afcons said it has previously executed several marine infrastructure projects in India and overseas, including the Bulk Jetty at Sohar Port in Oman, the New Owendo International Port in Gabon, and the Sulphur Jetty project in Kuwait.
Adani Ports' step-down arm secures 10-year marine services contract for Southern Energy FLNG project
Adani Ports and Special Economic Zone has secured a 10-year marine services contract for Argentina's first liquefied natural gas (LNG) export, marking its entry into South America and expanding its international marine services footprint.
Retail health premium growth rises to 31% YoY in April 2026, anchoring non-life insurance sector: Kotak Institutional Securities
Indian non-life insurance saw robust growth in April 2026. Retail health premiums surged 31 percent year-on-year. Motor insurance also performed well. Private players and standalone health insurers are gaining market share from public sector companies. Commercial lines faced challenges, though marine and engineering segments showed resilience. This indicates a dynamic shift in the insurance landscape.
KMEW acquires 15 acres prime waterfront land at Saphale, Maharashtra
Knowledge Marine & Engineering Works (KMEW) announced the acquisition of ~15 acres of prime waterfront land (with an additional 5-acre expansion option) at Saphale, Palghar, Maharashtra. Executed through its subsidiary, Knowledge Shipyard, the acquisition marks a pivotal step in KMEW's evolution into a technology-driven, sustainable shipbuilding enterprise.
Stocks to Watch Today: Craftsman Automation, JSW Infra, Bharat Electronics, Apar Industries, Hindustan Zinc, Horizon Reclaim in focus on 23 June
Stocks to Watch, 22 Jun: Stocks like Craftsman Automation, JSW Infrastructure, Vodafone Idea, Bharat Electronics, Apar Industries, Hindustan Zinc, Info Edge India, Lemon Tree Hotels, Yash Highvoltage, and Knowledge Marine & Engineering Works will be in focus on June 22.