India Steamship to Buy Tankers

Friday, March 24, 2006
India Steamship, a company of the K K Birla group managed out of Kolkata by C S Nopany, is planning for mega expansion, the Business Standard reported. The outfit, which is now a part of Chambal Fertilisers and Chemicals, would invest $206 million for doubling its fleet of tankers. Nopany said the company had already signed a MOU with a Greek company for acquiring a ship. India Steamship had three single hull tankers at present. Two tankers had a capacity of 96,000 ton each and the third had capacity of 60,000 ton. According to Nopany, majority of the proposed investment of over Rs 900 crore would be financed through borrowings. Nopany said that the company had signed a contract for delivery of two tankers with Ulsan-based Hyundai Heavy Industries of South Korea. These two ships would be delivered in the later half of 2008. Each new tanker would have a capacity of 105,000 ton. (Source: Business Standard)
Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ship Repair & Conversion

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry,

Mitsubishi Super Skiving System

Mitsubishi Heavy Industries, Ltd. (MHI) has completed development of the "Mitsubishi Super Skiving System" for machining internal gears with high speed and outstanding precision.

Messer to Debut MetalMaster Xcel

Messer Cutting Systems said it has answered the call from manufacturers that have been demanding a faster, more accurate way of producing cut parts. Messer’s

Tanker Trends

A History of U.S. Oil Export Controls

On Oct. 20, 1973, King Faisal of Saudi Arabia imposed a total embargo on oil shipments to the United States among other countries in response to their support for Israel during the Arab-Israeli war.

US Warns of Sanctions on Buyers of Islamic State Oil

The Obama administration on Thursday threatened to slap sanctions on anyone buying oil from Islamic State militants in an effort to disrupt what it said was a $1-million-a-day funding source.

Containers, Cruises Help Boost Marseilles Fos

Container throughput at French port Marseilles Fos reached 876,711 teu for the period January to September, an increase of 6% on the first nine months last year.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0757 sec (13 req/sec)