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India shipbuilding

India’s Shipyard Growth Opens New Option for Korea

India’s shipbuilding sector is expanding with naval demand, export orders and policy support. For Korean shipbuilders facing high labour costs and limited production bases, India is emerging as a possible partner for cost relief and future capacity expansion.

India Secures First Chemical Tanker Newbuilds

India’s SDHI has secured a $227 million contract from Norway’s Rederiet Stenersen for six 18,000 dwt product/chemical tankers, marking India’s first chemical tanker newbuild order.

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