India News

High-sulphur fuel oil (HSFO), essentially the leftovers of an oil refiner's output, will still flow from refineries around the world even after new rules start up in 2020 curtailing its use in the global shipping fleet, a Reuters survey showed.Sixty percent of the 33 refineries contacted by Reuters in a global survey will still produce HSFO in 2020 although the supply will tighten as 70 percent of these refiners plan to reduce their output.Starting that year, ships will have to use marine fuel…

The major ports in India have recorded a growth of 5.12% and together handled 343.26 Million Tonnes of cargo during the period April to September, 2018 as against 326.54 Million Tonnes handled during the corresponding period of previous year.According to the government of India, for the period from April ‘17- September 2018, Nine Ports (Kolkata (incl.Haldia), Paradip, Visakhapatnam, Kamarajar, Chennai, Cochin, New Mangalore, JNPT and Deendayal have registered positive growth in traffic.The highest growth was registered by Kamarajar Port (19.66%)…

Two tankers carrying Iranian condensate, a type of ultra-light oil, have been floating off the United Arab Emirates for about a month as demand for the oil fell ahead of U.S. sanctions.The tankers, carrying about 2.4 million barrels of South Pars condensate combined, have been floating off the UAE since August after South Korea halted imports from Iran while China's demand dropped during summer, according to several industry sources and shipping data.The build-up in Iranian oil…

Indian Prime Minister Narendra Modi has inaugurated the Mundra LNG terminal that has been developed in keeping with his emphasis on clean energy.He said that the inauguration of the LNG terminal is the highlight of today's programme. I am fortunate to have inaugurated three LNG terminals, he added.Narendra Modi said that when Gujarat got its first LNG terminal, people were surprised. Now, the State is poised to make a fourth LNG terminal, he added.Gujarat is emerging as an LNG hub of India, the Prime Minister said, adding that this should make every Gujarati proud.

AP Moller - Maersk has launched India-focused OceanPro, a 120-day accelerator program to give shipping and logistics startups an opportunity to partner with Maersk to bring innovative technology solutions to ease the global supply chain for customers and further accelerate global digital transformation.“We recognize the immense potential of India’s technology and digital talent and are looking to capitalize on these capabilities to help the logistics industry worldwide, to reinvent itself,” said Søren Skou, CEO, A.P.

French energy major Total and Adani Group have signed an agreement to jointly develop multi energy offers to the Indian energy market. This cooperation includes Liquefied Natural Gas (LNG) and Fuel Retail.The Adani Group is an Indian private conglomerate active in 50 countries and specialized in commodities trading, port infrastructures and logistics, as well as energy production and distribution.This strategic partnership between Total and Adani Group will allow to create a major footprint in LNG business and a new retail network of 1…

A vessel carrying 2 million barrels of Iranian oil discharged the crude into a bonded storage tank at the port of Dalian in northeast China on Monday, according to Refinitiv Eikon data and a shipping agent with knowledge of the matter.Iran, the third-largest producer in the Organization of Petroleum Exporting Countries (OPEC), is finding fewer takers for its crude ahead of U.S. sanctions on its oil exports that will go into effect on Nov. 4. The country previously held oil in…

A CMA CGM containership plowed head-on into a pier at India's largest container port on Saturday, causing visible damage to the dock.The 336-meter, 10,000 TEU CMA CGM Mumbai reportedly lost steering while attempting to berth at the Jawaharlal Nehru Port,on the west coast of India. Officials said damage to the pier is only minor, and the damage to the ship is unkonwn. No injuries were reported.The Hong-Kong flagged vessel, owned by CMA CGM and operated by Seaspan, was delivered in May this year from Chinese yard Yangzijiang Shipbuilding.

Following years in the pricing doldrums, LNG is hot again, with business prospects for floating production and regasification looking strong through 2023. We talk to Jim McCaul of International Maritime Associates (IMA) for his insights, as he is fresh off of a 12-month stint investigating the market in depth."We wanted to take a fresh look at the market, to identify opportunities both in the production and regassification of LNG" is how McCaul, founder of IMA, best describes his team’s 12-month effort to study and report on the industry.

Surrey Satellite Technology Ltd (SSTL) has confirmed the successful launch of two satellites, NovaSAR-1, a Synthetic Aperture Radar (SAR) satellite, and SSTL S1-4, a high resolution optical Earth Observation satellite. The two satellites were launched into a 580km sun-synchronous orbit on board the PSLV launch vehicle from the Satish Dhawan Space Centre in Sriharikota, India on 16 September at UTC 16:38 by Antrix Corporation Limited, the commercial arm of the Indian Space Research Organisation.Sir Martin Sweeting…

The number of seafarers in India has increased by over 60,000. According to Union Minister of State for Shipping Mansukh L Mandaviya, while only about 92, 000 people were engaged in ship related jobs, their number has gone up to 1,54,000 now.The Minister said, the government has taken steps to increase employment opportunities for the youth in this sector. The reforms under this include improving the sea farers examination.He said, while earlier only one to two per cent applicants could clear the said examination, with improved curriculum the pass percentage has gone up to 10 per cent now.

The Great Eastern Shipping Company Limited (G E Shipping) took delivery of secondhand Very Large Gas Carrier "Jag Vasant" of about 83,270 cbm. The company had contracted to buy the vessel in Q2 FY19.The Company's current fleet stands at 49 vessels, comprising 35 tankers (12 crude carriers, 17 product tankers, 6 LPG carrier) and 14 dry bulk carriers (1 Capesize, 8 Kamsarmax, 5 Supramax) with an average age of 10.90 years aggregating 3.98 mn dwt.The Great Eastern Shipping Company Limited is India's largest private sector shipping company which mainly transports liquid…

Shares of India's Garden Reach Shipbuilders and Engineers Ltd fell on their market debut on Wednesday after the company raised 3.4 billion rupees ($45.81 million) at its initial public offering earlier this month.The company's stock dropped as much as 12.9 percent to 102.80 rupees in early trade, but later rose to 107 rupees, or down 9.32 percent, at 0432 GMT versus its issue price of 118 rupees.The broader Nifty index was up 1 percent.The IPO of the state-owned shipbuilders was covered 1.02 times at its close.($1 = 74.2175 Indian rupees)(Reporting by Swati Bhat; Editing by Rashmi Aich)

The first major liquefied natural gas (LNG) project to be approved globally in five years will be built in Canada, but its underlying philosophy appears to be more closely allied to the Australian concept of "she'll be right, mate."The LNG Canada project was given the green light on Tuesday by Royal Dutch Shell, which is leading the $31 billion venture along with partners Petronas, Mitsubishi, PetroChina and Korea Gas.What makes the first export plant on Canada's west coast different…

Ocean Tug & Barge Engineering Corporation, a naval architecture and marine engineering firm specializing in AT/B or Articulated Tug/Barge design announced that it is now a member of the Hyperion Marine Engineering Group headquartered in Portland, Maine with offices in India, Dubai, Norway and the Netherlands.CT Marine & Buoyancy Consultants formed Hyperion three years ago recognizing a need for an integrated naval architectural & marine engineering firm to serve the inland and…

Surging growth in renewable energy generation around the world and a construction boom in South East Asia that is expected to run for the next 10 years bode well for the once ailing multipurpose shipping fleet.In the latest edition of Drewry’s Multipurpose Shipping Forecaster report we declare that we remain cautiously optimistic on the outlook for the sector. There are some caveats to this optimism as global general cargo demand is forecast to grow at a rate of just 2% per year to 2022…

German manufacturer thyssenkrupp has been awarded a 410 Crore contract with Mazagon Docks Shipbuilders Limited (MDL) to refit the Indian Navy’s Shishumar-class non-nuclear submarine, INS Shishumar. The Medium Refit and Life Certification (MRLC) contract for the submarine will commence in October this year and is expected to be completed by 2021. The upgrade will extend the operational life of the submarine by at least 10 years.Dr. Rolf Wirtz, CEO of thyssenkrupp Marine Systems…

International Maritime Associates has just completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals. The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector.Project Success EvaluationThe IMA study is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle.

September 18, 2018 marks 10 years in business for Naval Group in India. From its 2008 start as DCNS India with just 10 employees, Naval Group has grown to have a team of over 50 professionals in the country that specialize in engineering, supply chain and project management while building a sound industrial ecosystem. The team supports the Indian defense industry and Indian Navy under the nation's “Make in India” self-reliance objectives.Naval Group entered India as a 100 percent owned subsidiary of the group with the goal of ensuring its long-lasting presence in the country…

ZIM Integrated Shipping Services (ZIM) and MSC Mediterranean Shipping Company have announced a new cooperation on the India sub-continent – Mediterranean trade. The new cooperation is due to commence on the second half of October, connecting India and major East Mediterranean ports. A press statement from the company said: "We are pleased to announce a new cooperation, offering a fast and reliable connection between the sub-continent and the Mediterranean."Rani Ben-Yehuda, ZIM’s EVP Cross Suez and Atlantic BU…

International Maritime Associates has completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals. The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector. Project Success EvaluationThe IMA study is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle.

DNV GL, the world’s largest independent energy advisory and certification body, has launched a new Global Operations & Analytics Centre for renewable assets located in Bengaluru, India.The new centre will work in tandem with DNV GL’s existing UK Operations Control Centre in Glasgow, to offer seamless 24/7 monitoring services that aim to strengthen performance and operational efficiencies of renewable assets alongside detecting, analysing and predicting failures.DNV GL’s recently published Energy Transition Outlook report forecasts that by 2050…

PSA’s Bharat Mumbai Container Terminals (BMCT) has achieved a new vessel productivity benchmark of 155 moves per hour on COSCO Shipping Lines Co Ltd’s vessel M.V. Xin Hong Kong, which departed BMCT on 30 September 2018.Together with sister vessels from service partners CMA-CGM and Hapag-Lloyd, M.V. Xin Hong Kong operates the India Ocean / EPIC 2 weekly service, linking India and the Middle East directly with the North European Ports of Antwerp, Hamburg and London.A total of 2…