August 25, 2026 7:34 PM
Govt plans to add 100 more new vessels to merchant fleet in next 5 years: Sonowal
The government plans to add 100 more new vessels to its merchant fleet over the next five years to cut USD 75 billion in freight bills, Shipping Minister Sarbananda Sonowal said on Tuesday. Currently, India has a merchant fleet of 1,600 seagoing ships. Addressing a press conference after the Sagar Samvad event in New Delhi, Sonowal said the National Shipping Board (NSB), established in 1958 and older than the ministry it advises, is tasked with ensuring that India’s shipping policy is formul...