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 May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ship Repair & Conversion

Bollinger Appoints Sales VP

Bollinger Shipyards announces the promotion of Eric Bollinger to Vice President of Sales.   President and CEO Ben Bordelon made the announcement, stating, “Eric

Hyde Marine to Present on BWTS at Nor-Shipping

Company to Share Seamless Integration of Ballast Water Treatment System (BWTS); Experience in Retrofits for Small Footprint Installations at Nor-Shipping Maritime

Alewijnse Success at Damen Shiprepair Dunkerque

Electrical system integrator Alewijnse Marine Systems is celebrating the first anniversary of delivering electrical services and maintenance to vessels at Damen Shiprepair Dunkerque.

Tanker Trends

Q88 LLC Opens Office in London

Q88 LLC has opened a new office in London. Located in Soho, the cultural center of London's West End district, the office will serve as a hub for business development and client relations.

IRS Introduces Ship Construction Standards

The International Register of Shipping has submitted goal-based new ship construction standards for verification audit by the International Maritime Organisation.

Aramco Offers Rare 1.5 pct Gasoil Cargo

Aramco Trading, the trading arm of oil producer Saudi Aramco, has offered a rare gasoil cargo with a 1.5 percent sulphur content for June lifting from Rabigh, traders said on Thursday.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.0825 sec (12 req/sec)