Dinesh News

Sri Lanka is shifting a naval base to a port built and controlled by China, it said on Monday, a move that will strengthen security at a harbor that foreign powers fear China could use for military purposes.The base currently in the tourist district of Galle will be moved 125 km (80 miles) east along Sri Lanka's southern coast to Hambantota, nearer a main shipping route between Asia and Europe.The $1.5 billion deepwater port is likely to play a major role in China's "Belt and Road" initiative and is under a 99-year lease to China Merchants Port Holdings at a cost of $1.12 billion.Government and diplomatic sources have told Reuters that the United States, India and Japan have raised concerns that China might use the port as a naval base.The Sri Lankan government and Chinese embassy in Colom

A blast caused by a fire on a ship under repair at India's Cochin Shipyard Ltd killed five people on Tuesday, and injured around 11, a company spokeswoman said, prompting the government to call for a quick enquiry. The spokeswoman said smoke hampered rescue operations initially and that an investigation would be launched soon. The ship belongs to the country's top energy explorer, Oil and Natural Gas Corp Ltd, she added. An ONGC official said the ship was undergoing maintenance at state-run Cochin Shipyard on the country's southwest coast. The blast took place inside the water tank, said M.P. Dinesh, a senior police official in the southern state of Kerala where the shipyard is located.

The verdict at the 5th India Marine Salvage and Wreck Removal Conference of Hinode held this time in Mumbai last week was clear and unanimous. The presentations as well as the deliberations highlighted an upbeat atmosphere indicating the growing prospects for salvors on the India’s 7516 KM of coastline and in the surrounding area. The scenario depicts numerous options according to the presentations which brought out issues and insights that made prospects look bright in the coming months and with the monsoon round the corner, players could finally make it big. The introductory session underlined the fact that India became a signatory to International Convention of Wreck Removal Convention in 2010 and the convention has been in force from 14th April 2014.

Express Global Logistics Pvt Ltd (EXG) won the Supply Chain and Logistics Excellence (SCALE) Award 2015 organized by CII (Confederation of Indian Industry). EXG bagged the award for Excellent Position in Supply Chain & Logistics in Specialised Cargo category. The recognition of SCALE Awards 2015 encompasses the excellence amongst logistics service providers and supply chain aspect of user industry. The winners were selected after a long deliberation by the esteemed jury which included eminent people from various sectors with specialized knowledge. The award bestowed to EXG recognizes its Specialized cargo handling capabilities with excellence and has set a road map for other players in the market.

On 23rd January 2015, the Royal Mumbai Yacht Club saw around a hundred dignified members of the shipping fraternity gather for the second WISTA Annual Forum, an event that lived up to the industry’s expectations. The select crowd included long-term supporters of WISTA India and WISTA members, as well as members who flew down from Delhi, Chennai, Cochin and Bengaluru especially for this conference. The program commenced with the traditional lighting of the lamp by key dignitaries – Hon Mr Deepak Shetty, the  DG of Shipping who was the chief guest of the evening, Mr Sanjay Bhaty, from Kandla Port trust, Mr.Umesh Grover, CEO of INSA and Ms Sanjam Sahi Gupta, the President of WISTA India and Board member of WISTA International.

CII-Institute of Logistics, as a part of its continuous endeavor in driving excellence and enable in sharing best practices in logistics and supply chain management organized the maiden Supply Chain And Logistics Excellence (SCALE) Awards on 21 & 22 May 2014 at Mumbai. The Award comprised 10 categories in logistics service industry and 4 in user industry. Awards list enclosed. R Dinesh, Chairman, CII Institute of Logistics Advisory Council, Chairman SCALE Awards & JMD, TVS Sons Limited highlighted that “CII believes that this will be a step towards bringing in global standards in logistics and supply chain sector and enable more outsourcing to take place”.

Rosneft and ONGC Videsh Limited signed a Memorandum of Understanding (MOU) yesterday for cooperation in exploration, appraisal and hydrocarbon producton on the continental shelf of the Russian Federation Igor Sechin, President and Chairman of the Management Board, Rosneft and Dinesh Kumar Sarraf, Chairman of the Board of Directors, ONGC Videsh Ltd and Chairman & Managing Director, ONGC signed a Memorandum of Understanding at the St. Petersburg International Economic Forum, in the presence of Mr. Vladimir Putin, President of the Russian Federation. The Memorandum paves the way for the companies’ cooperation in subsurface surveys, exploration and appraisal activities and hydrocarbons production in Russia’s offshore Arctic.

Container carriers can recover from the losses they suffered in recent price wars by adopting more disciplined business practices, says a new report. The recently published report by The Boston Consulting Group (BCG) is titled 'Charting a New Course: Restoring Profitability to Container Shipping'. It finds that the container-shipping industry’s poor performance in 2011 and its continued struggles in 2012 are primarily the result of a self-inflicted supply-and-demand imbalance, which triggered intense competition and price wars. The report goes on to explain how the industry is harming its own economics by following misguided practices—especially those affecting capacity and pricing decisions.

Alaska Tanker Company, LLC (ATC) based in Beaverton (Portland), Oregon has achieved "Safety, Quality and Environmental (SQE) Certification" including Accredited International Standards Organization (ISO) 14001 Certification to the Environmental Management System Standard on November 21st, 2001. This accomplishment makes ATC the first U.S. flag seagoing Shipping Company to attain SQE and ISO 14001 Certification from the American Bureau of Shipping (ABS). This feat was achieved within 2 ½ years of ATC's inception. The attainment of Certification to the International Safety Management (ISM) Code as well as ISO 9001 (Quality Management System Standard) and ISO 14001 demonstrates the Company's commitment to be a World-Class tanker operator.

Paradise, carrying 2,600 passengers, developed an engine problem after leaving Miami on Sunday for a seven-day cruise, forcing Carnival Cruise Lines to cancel visits to islands in the eastern Caribbean in favor of stops in the nearby Bahamas and in Mexico. Passengers expressed concerns about the safety of the ship and complained the change of itinerary disrupted planned meetings with family and friends, crimping their millennium celebrations. "This is a millennium cruise and it's becoming a millennium nightmare right now," said Richard Counts, a lawyer who headed a committee formed by passengers to pursue a possible lawsuit against Carnival. The unspecified problem with one of Paradise's propulsion motors slowed the vessel to about 80 percent of its normal speed, forcing Carnival Corp.