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Mazagon Dock Shipbuilders Ltd, India’s largest warship builder, has acquired a 51% controlling stake in Sri Lanka’s Colombo Dockyard PLC for ₹452 crore in an all-cash deal—marking the first overseas acquisition by an Indian shipyard.

Mazagon Dock acquires 51% in Colombo Dockyard for ₹452 crore, marking India’s first overseas shipyard deal and expanding maritime influence in Sri Lan...

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From July 1, 2025, the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (HKC) comes into global force, mandating green recycling of end-of-life vessels

HKC on green ship recycling takes effect July 2025. Alang, India leads with 112 compliant yards, reinforcing its role in sustainable shipbreaking.

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