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Cabinet note on SCI divestment being prepared25 Jul 2010The Shipping Ministry is preparing a Cabinet note on the proposed 10 per cent divestment in Shipping Corporation of India, but has still not worked out the amount ... Read more |
Wärtsilä confirms major order from Chinese oil tanker operatorJuly 13, 2010Wärtsilä will supply 80 main engines for bunkering tankers. In terms of the number of engines, this represents one of the largest-ever orders received by Wärtsilä Ship Power. ... Read more |
Wärtsilä wins order for Slow Steaming Upgrade Kits from A.P. MollerJuly 12, 2010Slow steaming has become a recognized means of operating in order to reduce fuel consumption. These cost savings can be further enhanced through the fitting of the Wärtsilä ... Read more |
CMA CGM Christens World's Largest French-Flagged ContainershipJuly 13, 2010Symbol of the recovery in international trade, CMA CGM Group’s flagship, the world’s largest French-flagged containership, was christened yesterday in Le Havre by its godmother, Christine Lagarde, France’s ... Read more |
Recovery of maritime trade in Far East and Singapore: ImtechJuly 14, 2010 Gouda - Imtech (technical services provider in Europe and on the global maritime market) is observing a recovery of the technological maritime market in the Far East and ... Read more |
India, Poland sign shipping treatyJune 28, 2010India and Poland signed a new shipping agreement replacing that signed in 1956. Under the new agreement, a scheduled shipping service will operate between the two countries. It ... Read more |
10% sale in SCI likely: HajaraJune 21, 2010The government may divest up to 10 per cent of its stake in Shipping Corporation of India. "The government in their list has included Shipping Corporation (SCI) for ... Read more |
Western India Shipyard Q4FY10 Net Profit Jumps to Rs 66.4 croreNormal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ... Read more |
Maersk Line's Product Priority UpgradeNormal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ... Read more |
SCI divestment may involve FPO, fresh equityNormal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ... Read more |
Essar earmarks Rs 48.75 billion for capex planNormal 0 false false false EN-US X-NONE X-NONE ... Read more |
Indian Register of Shipping enters USANormal 0 false false false EN-US X-NONE X-NONE ... Read more |
Essar bags first overseas contract for offshore businessNormal 0 false false false EN-US X-NONE X-NONE ... Read more |
Government approves creation of Indian Maritime casualty Investigation CellThe Ministry of Shipping has approved creation of Indian Maritime Casualty Investigation Cell in view of recent growth in marine traffic which resulted in increasing incidence of shipping ... Read more |
India's Essar 'planning UK share listing'March 08, 2010 Indian conglomerate Essar Group is reported to be planning to float on the London Stock Exchange, a move that could raise up to $3bn (£2bn).If the flotation does ... Read more |
MOL To Launch New Chennai ServiceMarch 8th, 2010Mitsui O.S.K. Lines, Ltd. (MOL) has announced a new service, SMX, linking Laem Chabang, Singapore, Port Kelang, and Chennai. The service will start with the call of the ... Read more |
Caravel launches container vesselCaravel Logistics – a Chennai-based multi modal transportation company – launched its first cellular container vessel from the Tuticorin port on March 1, 2010. The vessel – MV Caravel Pride ... Read more |
Asian shipbreakers against recycling conventionShip breakers from India, Pakistan and Bangladesh are planning to form one common front to decide the course of action against the new International Maritime Organisation (IMO)-mandated ship recycling Convention, ... Read more |
Budget 2010 - Snapshots for the Shipping SectorProposed Amendments Direct Tax – Sector Specific Proposals • Tonnage tax provisions for Indian shipping companies and deeming income-tax provisions applicable to foreign shipping companies remain unaltered. There was an expectation ... Read more |
CSL to raise funds through IPOFebruary 22, 2010 Cochin Shipyard Limited (CSL) is planning an initial public offering (IPO) to raise part of the finance required to build a dry dock. CSL is currently constructing 16 ... Read more |
Mutual Benefit: SAIL, SCI to set up JVFebruary 16, 2010 State-owned Steel Authority of India (SAIL) and Shipping Corporation of India (SCI) today they will set up a joint venture (JV) "very soon" that would provide shipping-related services ... Read more |
Maersk's MECL ends serviceFebruary 15, 2010 Maersk Line's direct mainline service – MECL2 – to the US East Coast from the Chennai port ended recently. The final call of the weekly service was just ... Read more |
Mercator Lines Bags Rs 1000 cr contractJanuary 21, 2009Mercator Lines Limited, India’s 2nd largest private sector shipping company (in terms of tonnage) has signed a long-term (7 years) contract to charter out a ‘Mobile Offshore Production ... Read more |
"Undeclared" money seized from cruise linerJanuary 18 / PTI Indian currency to the tune of nearly Rs 83 lakh, allegedly unaccounted, was seized by the Customs department from an international cruise liner here shortly before ... Read more |
Louis Cruises ends honeymoon in IndiaJanuary 18, 2010 What was considered to be the revival of cruise shipping in India has ended abruptly. The Greece-based Louis Cruises which started the cruise tourism operations from Kochi in ... Read more |
Shipping ministry seeks hike in budgetary allocationsJanuary 11, 2009 / PTIThe Shipping ministry has sought a three-fold increase in budgetary allocations at Rs 1,055 crore for ports in the country in the next fiscal. The ministry ... Read more |
ABG acquires 15.2% stake in Great OffshoreJanuary 08, 2009 ABG Shipyard, that had sold almost all of its stake in Great Offshore, has again acquired 15.2 per cent stake in the company through its open offer. It ... Read more |
Korean Register to verify emissions trading Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ... Read more |
Indian Government to set up international shipyard worth up to 4k crJanuary 04, 2009The government plans to set up a shipyard to produce large-sized vessels under public-private partnership with an investment of Rs3,000-4,000 crore, in lieu of the Hindustan Shipyard going ... Read more |
Indian Government to set up international shipyard worth up to 4k crJanuary 04, 2009The government plans to set up a shipyard to produce large-sized vessels under public-private partnership with an investment of Rs3,000-4,000 crore, in lieu of the Hindustan Shipyard going ... Read more |
Greatship to sell PSVJanuary 02, 2009 Greatship (India) Limited (GIL) – a wholly owned subsidiary of the Great Eastern Shipping Company Limited (GE Shipping) – has contracted to sell its platform supply vessel (PSV) ... Read more |
Move to reduce single hull tanker tonnageJanuary 02, 2009 Government of India has decided not to extend the special exemption to single hull tankers that are registered under Indian flag after December 31, 2009. The decision was ... Read more |
Indian Government planning for a new shipyard on the east coastFollowing the takeover of Hindustan Shipyard Limited in Visakhapatnam by Indian Navy, Government of India is planning to set up a greenfield shipyard on the east coast. The new shipyard ... Read more |
Maurya takes over as ICC secretaryDN Maurya, former public relations officer at JNPT, has taken over as secretary of Indian Coastal Conference (ICC), the body that represents interests of the Indian coastal shipping industry. Mr ... Read more |
Topaz raises US$ 42mTopaz Energy and Marine announced that it had raised US$ 42m from Standard Chartered Bank, Dubai in support of its fleet expansion plans, taking its total financing raised in 2009 ... Read more |
MOL to hike Asia-US ratesMOL will increase ocean freight rates for all cargo originating in Asia and imported into the United States, effective January 15, 2010. The move by the Japanese liner follows an announcement ... Read more |
Marine and Offshore facility at KakinadaSembawang Shipyard, a wholly-owned subsidiary of Sembcorp Marine, and Kakinada Seaports Limited (Kakinada Seaports), will sign an agreement to form a joint venture (JV) company, Sembmarine Kakinada Ltd (SKL), to ... Read more |
SCI to expand fleetSCI has outlined a capital expenditure plan of US$ 4 billion to expand its fleet of vessels by 2012. Earlier, the company had put on hold its vessel acquisition plan ... Read more |
New Shipping SecretaryK Mohandas has taken charge as the secretary of Shipping, Government of India from November 25. He was earlier the secretary in the Ministry of Overseas Indian Affairs. An IAS ... Read more |
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