In Bangalore, offshore oilfield services firm Great Offshore Ltd has run into fresh trouble after Axis Bank Ltd walked out of a deal to lend Rs350 crore to the Mumbai-based firm for funding the purchase of an oil drilling rig, currently under construction at Bharati Shipyard Ltd. Axis Bank wanted the money back after ONGC cancelled the rig contract and also due to delay in completing the construction of the rig.
(Source: livemint.com)
Installed offshore wind capacity in the U.S. grew to 242MW in the first quarter of the year from 42MW in the previous quarter…
At least five people, including a child, died in an attempt to cross the English Channel from France, hours after Britain…
The National Ocean Industries Association (NOIA) has appointed and approved the 2024-2025 term of the NOIA Board of Directors and Executive Committee.
The Captain of the Port (COTP) has established the Fort Carroll Temporary Alternate Channel, which is on the northeast side…
As the maritime industry continues to rapidly advance with increasingly stringent regulations and ever-evolving technology, staying ahead of the curve requires embracing innovative technological
Abnormal liner wear and seized or broken piston rings can result in costly consequences.
AST has developed and grown, increasingly providing full-service network solutions, far beyond traditional satellite services.
Subscribe for
Maritime Reporter E-News
Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week
