Ports to Acquire Controlling Stakes in Dredging Corporation of India
India's three major ports, including Paradip in Odisha, may acquire a stake in Dredging Corporation of India (DCI) based on availability of surplus funds lying with them."In a meeting chaired by Secretary (Shipping) with Chairmen/Chairmen I/C of Major Ports, held on 18th June 2018, the disinvestment proposal of Dredging Corporation of India Ltd (DCI) was discussed," Minister of State for Shipping Mansukh L Mandaviya informed the Parliament."It was suggested that Visakhapatnam Port Trust (VPT), Paradip Port Trust (PPT) and New Mangalore Port Trust (NMPT), based on the availability of surplus fund lying with them may strive to acquire shares of DCI given the linkage of dredging activity with the Ports…
Hooghly River Dredger Launched at IHC Merewede
IHC Merwede name and launch the 5,500m³ trailing suction hopper dredger, DCI DREDGE XXI, for the Dredging Corporation of India Ltd (DCI) at the shipyard in Kinderdijk, The Netherlands. The ceremony was performed by Mrs R Mohanty, the spouse of DCI Chairman and Managing Director Captain DK Mohanty. The DCI DREDGE XXI is the third vessel in a series of three dredgers – including the DCI DREDGE XIX and DCI DREDGE XX – and is being constructed under the dual classes of Lloyd's Register and Indian Register of Shipping.