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Rajendra Jadhav News

25 May 2023

Lloyd's Register Drops Ships of Top Indian Carrier of Russian Oil

© komi$ar / Adobe Stock

Lloyd's Register has told India's Gatik Ship Management, which has become a major carrier of Russian oil since the Ukraine war, that it will withdraw certification of 21 of its vessels by June 3, the maritime services company told Reuters.It is the latest setback for Gatik, which was also been forced to find new flags for 36 of its ships after they were deflagged by the St. Kitts & Nevis International Ship Registry."Lloyd's Register is committed to facilitating compliance with sanctions regulations on the trading of Russian oil," it said in an email to Reuters.

21 Jan 2022

ABS Withdraws Certification for Two Oil Tankers Over Iran Sanctions

Two tankers have had their environmental and safety classification withdrawn by a U.S. company that provides such certification, after accusations by a U.S. advocacy group that they had shipped cargoes of Iranian oil, documents seen by Reuters show.Countries targeted by tougher U.S. sanctions, including Iran and Venezuela, have responded to the mounting pressure with elaborate strategies to circumvent restrictions on their oil exports.Top oil shipping companies say they have in turn responded by tightening guidelines and deploying technology to prevent accidental sanctions breaches, which U.S. officials have said could lead to them being…

23 Mar 2021

Congestion at Brazil's Largest Port Leaves Traders Scrambling

© willbrasil21 / Adobe Stock

Soy and sugar traders are fighting for room in Latin America’s largest port, rushing to secure loading slots as the slowest Brazilian soy harvest in 10 years pushes the grains export window into the sugar season.Congestion was hitting Brazil’s Santos port just as consumers worldwide have been turning to top exporter Brazil for sugar and soybean supplies. The glut of shipments waiting to leave is boosting transport costs and will likely delay arrivals at destinations.Sugar prices hit a four-year high late last month, boosted by supply tightness.

05 Aug 2020

Three Cranes Collapse at India's Largest Container Port

Image by Ccmarathe/Wikimedia Commons - CC BY-SA 4.0

Three cranes collapsed at India's largest container port on the outskirts of Mumbai due to strong winds on Wednesday, police and port officials said.Heavy rainfall has hit India's west coast since Monday night, flooding parts of the financial capital. Wind speeds picked up on Wednesday afternoon, officials said.No one was injured when the cranes collapsed at Jawaharlal Nehru Port Trust, Navi Mumbai Police Commissioner Sanjay Kumar said in a Tweet.The port is still assessing the impact of the collapse on the operations, its chairman, Sanjay Sethi, told Reuters.

11 Jun 2019

India to Evacuate Thousands as Cyclone Nears West Coast

Indian authorities are preparing to evacuate 300,000 people along the western coast as a severe cyclone is expected to make landfall on Thursday morning in the state of Gujarat.Storm Vayu, which formed in the Arabian Sea, is likely to cross the Gujarat coast with gust speeds as high as 135 kmph (84 mph), the India Meteorological Department said in a statement.It also warned the cyclone could further delay the progress of the annual monsoon rains over the rest of India, as the storm was drawing rain clouds from over the sea.The arrival of the monsoons on the southern coast of Kerala was already about a week late this year.Gujarat Chief…

06 Feb 2018

Pirates Free Tanker, Crew in Gulf of Guinea

Pirates freed a ship carrying 22 Indian crew and 13,500 tonnes of gasoline on Tuesday, Hong Kong-based Anglo-Eastern, which was managing the ship, said in a statement. "All crew members are reported to be safe and well and the cargo remains on board," the company said. The Marine Express tanker was missing in the Gulf of Guinea after contact was lost in Benin on Friday. The Gulf of Guinea has become an increasing target for pirates who steal cargo and demand ransoms, even as piracy incidents fall worldwide, experts say. Ships in the area were the target of a series of piracy-related incidents last year, according to a January report by the International Maritime Bureau (IMB), which highlighted the waters off West Africa as an area of growing concern.

05 Feb 2018

Oil Tanker with 22 Crew Missing in Gulf of Guinea

A ship carrying 22 Indian crew and 13,500 tons of gasoline is missing in the Gulf of Guinea after contact was lost in Benin on Friday, the company and India's minister of external affairs said on Sunday. The Gulf of Guinea has become an increasing target for pirates who steal cargo and demand ransoms, even as piracy incidents fall worldwide, experts say. The Marine Express tanker, managed by Hong Kong-based Anglo-Eastern, was last see in Benin's waters at 3:30 a.m. GMT on Friday after which contact was lost, an Anglo Eastern spokesman told Reuters. The cause of the loss of communication was unknown and a search was underway, conducted with help from Nigerian and Beninese authorities, Anglo-Eastern said.

28 Jun 2017

India's Largest Box Port Hit by Cyber Attack

Operations at one of three terminals at India's largest container port JNPT, near the commercial hub of Mumbai, have been disrupted by the global ransomware attack, the port said on Wednesday. The affected terminal is operated by Danish shipping giant AP Moller-Maersk, which said on Tuesday that the cyber attack had caused outages in its computer systems globally. Clients were notified on Wednesday morning that vessel operations at the terminal would be hit and that the company could not say when normal services would resume, according to one shipping industry source. The port has been trying to clear containers manually, but operational capacity has dropped to a third at the terminal, Anil Diggikar, chairman of Jawaharlal Nehru Port (JNPT), told Reuters on Wednesday morning.

12 Mar 2014

India Ups Sugar Exports to Iran, Asia; Takes Share from Brazil

Indian mills are exporting more raw sugar to Iran and Asian markets, aided by a production incentives package and recovering world prices, seizing market share from top exporter Brazil. "There is a strong flow of physical trade from India, helped by the rally in world sugar prices, export incentives and rupee clearing," said Jonathan Kingsman, head of agriculture at data provider Platts. Cash-strapped Indian mills, which have struggled to pay cane farmers due to weak global sugar prices, received a boost last month when authorities approved an incentives package amounting to 3,300 rupees per tonne to stimulate export sales from substantial stocks.