Maersk Uses Inland Waterway in India
The world's largest container shipping company Maersk Line began moving 16 containers on the Ganga river from Varanasi to Kolkata, the Shipping Ministry of India said.It will be Maersk's first container movement in the 1390-km inland waterway in the River Ganga from Haldia to Varanasi."Maersk Line will move 16 containers on river Ganga (National Waterway-1) from Varanasi to Kolkata tomorrow. The firm is onboard India's inland waterways for the first time," the ministry said in…
LNG Demand to Reach 600 MT in 2035
The energy demand would continue to grow driven by emerging economies and the projected growth in global population, which will touch nine billion by 2040.LNG demand is expected to increase at an average four per cent annually to reach more than 600 million tonnes in 2035 versus 290 million tonnes in 2017, said Qatargas CEO, Khalid bin Khalifa Al Thani.Khalid said, “Natural gas remains the fastest growing fossil fuel globally, benefiting from its flexibility, competitive economics, and low emissions profile.
APM Terminals Inland Services Gets Clearance in India
APM Terminals Inland Services' integrated Inland Container Depot (ICD) and supply chain solutions facility at Chakan, Pune has achieved a significant first after being awarded an environmental clearance certificate by the Indian government.The certification authorises the facility to store, handle, transport, and deliver hazardous chemicals in any form – a critical requirement for all industries dealing with chemicals in domestic and international trade and a key safeguard for…
India Plans Deep Dive for Seabed Minerals
In the 1870 Jules Verne classic "20,000 Leagues Under the Sea", underwater explorer Captain Nemo predicted the mining of the ocean floor's mineral bounty - zinc, iron, silver and gold.India is catching up with that only now, as it prepares to unearth treasures down below, aiming to boost its economy.The floor of the world's seas is scattered with vast beds of black potato-shaped polymetallic nodules comprising copper, nickel, cobalt, manganese, iron and rare earth elements.These natural goodies are key to making modern gadgets…
No Waiver for Japan on Iran Sanctions
Japan said on Thursday it had not yet been granted a waiver from a U.S. plan to reimpose sanctions aimed at cutting Iran out of international markets, while the top two customers for Iranian oil, China and India, were awaiting word on possible exemptions.The United States has said it is considering waivers on sanctions for countries that are reducing their imports of Iranian oil. The renewed U.S. sanctions on Iran are set to come into effect on Nov. 4."Japan-U.S. talks have been conducted four times so far on U.S.
Number of Indian Seafarers Jump by 42.3%
The number of seafarers in India has seen an unprecedented growth of 42.3% due to various policy level changes brought in by the Government in the last four years, said a Minister in India.According to Mansukh Mandaviya, Minister of State for Shipping, Road Transport & Highways, Chemical & Fertilizer, from 108,446 seafarers in 2013, India now has 154,349 seafarers. India now provides 9.35% of the global seafarers and ranks 3rd in the list of the largest seafarer supplying nations in the world.At present, there are 17 lakhs seafarers globally including the 154,349 Indian seafarers.
Maharashtra to Modernize Ports
The Indian Government has taken steps to expand and modernise the posts in the state of Maharashtra. The Minister of State for Shipping Mansukh L Mandaviya has informed that at present, there are two major ports and 48 minor ports (non-major ports) in Maharashtra. Both the major ports in Maharashtra, Mumbai Port and Jawaharlal Nehru Port are equipped with modern facilities. The infrastructure augmentation & modernization of Major Port is a continual process. Out of the 48 minor ports…
Advanfort Issues Statement on Release of 'Seaman Guard Ohio' Crew
AdvanFort: the firm is delighted that an Indian appeals court has acquitted and released the 35 crew members and security personnel who were aboard the MV Seaman Guard Ohio when it was illegally detained on October 12, 2013. The Indian Government’s unlawful seizure of the Seaman Guard Ohio and four-year imprisonment of these men on unfounded charges was a gross violation of international law and basic human rights. AdvanFort has expended significant resources and effort to seek the release of these wrongfully detained men and is pleased that justice finally has prevailed. The men of the Seaman Guard Ohio have demonstrated incredible strength and resilience during their prolonged captivity under horrific conditions.
Indian Naval Ship Sukanya at Indonesia
In pursuance with India’s ‘Act East Policy’, Indian Naval Ship Sukanya under the command of Commander SA Deodhar, NM arrived at Belawan Indonesia on 24 October 2017 to participate in the 30th edition of CORPAT (Coordinated Patrol) and 3rd Bilateral exercise between the Indian Navy and the Indonesian Navy. The exercise is aimed to foster closer maritime ties with countries located on the rim of the Indian Ocean. The upcoming bi-lateral exercise CORPAT scheduled from 24 October…
Investors Enthusiasm in Cochin Shipyard
Indian government is committed for infrastructure development and the track record of last three years has increased the faith of the investors which has resulted in 76 times oversubscription of IPO of Cochin Shipyard (CSL), a government flagship company, said Union Minister of Shipping, Nitin Gadkari. He was the Chief Guest at the inauguration of the renovated BSE international convention Hall and Listing of equity shares of Cochin Shipyard in Mumbai. Speaking on the occasion he signifies the success of government’s economic policies…
India Unveils Road Map for Cruise Operations
The Shipping and Road Transport and Highways Minister Nitin Gadkari has said that the Indian government is committed to creating the right environment for promoting cruise tourism in the country. Speaking at Dawn of Cruise Tourism in India - an international conference organized by the Shipping Ministry at Mumbai Port today, he said that India has a huge potential of hosting nearly 40 lakh cruise tourists. Given the right impetus, the number of tourist ships visiting India can go up from the present 158 to about 955 per year.
Iran's Chabahar Port will Start by 2018
The Indian Minister for Shipping Nitin Gadkari has said that the government is keen on developing Chabahar Port in Iran and is hopeful of starting operations by 2018. Gadkari was in Teheran, to represent India at the taking over of office by President Hassan Rouhani for the second term. On the eve of his visit to Iran the Minister said that India and Iran have shared special ties historically. Gadkari informed that civil construction work has already started at the Chabahar Port. The Indian Government has allocated Rs 6 billion for the development of the port.
Cochin Shipyard's $231 Mln IPO Subscribed Over 76 Times
Cochin Shipyard Ltd's initial public offering, which aims to raise up to 14.68 billion rupees ($231 million), was subscribed more than 76 times on the last day of the sale on Thursday, indicating strong interest in the state-run shipbuilder. Investors bid for about 2.59 billion shares, compared with nearly 34 million shares on offer, data from stock exchanges showed as of 0130 GMT. The company, which also repairs ships, was selling about 22.7 million new shares in the price range of 424 rupees to 432 rupees apiece, while the Indian government was selling about 11.3 million shares in the company. SBI Capital Markets, Edelweiss Financial Services and JM Financial Institutional Securities are the lead banks managing the IPO. The stock is set to make its trading debut on or around Aug. 11.
India Unveils Reforms to Boost Cruise Tourism
In order to promote cruise tourism, the Indian government on has announced a slew of reforms to revolutionise the industry which has a high employment generation potential, by simplifying the rules and procedures for cruise port operations. "The Ministry of Shipping, in conjunction with the Ministry of Tourism, has announced reforms to the regulatory processes governing the cruise tourism industry in the country," an official statement said. The objective is to revolutionize this industry which has a high employment generation potential…
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.
Eastern Fleet Ships Enter AUSINDEX-17
In pursuance of India’s ‘Act East’ policy, Eastern Fleet under the command of Rear Admiral Biswajit Dasgupta, YSM, VSM, the Flag Officer Commanding Eastern Fleet are on an overseas deployment to the South East Asia and Southern Indian Ocean. Indian Naval Ships Jyoti, Shivalik and Kamorta are on a port visit to Freemantle, Australia from 13 June to 17 June 2017. Vice Admiral HCS Bisht, PVSM, AVSM, ADC, Flag Officer Commanding Eastern Naval Command is also visiting Freemantle during the period.
JNPT to Support Direct Port Delivery Facility
Indian government is exhorting importers to use the Direct Port Delivery (DPD) facility, an initiative aimed at reducing dwell time and transaction costs, reported PTI. According to Ministry of Shipping, the Direct Port Delivery (DPD) is a major initiative of the Centre under programmes like Make in India and Ease of Doing Business and very important drive for reduction of dwell time and transaction cost. In a workshop on “Direct Port Delivery at Indian Ports-Challenges & Opportunities”…
Somali Pirates Hijack Indian Commercial Vessel
Pirates have hijacked an Indian commercial ship off the coast of Somalia, the second attack in weeks after years of inactivity, industry and security sources said on Monday. United Kingdom Maritime Trade Operations (UKMTO), which coordinates the management of merchant ships and yachts in the Gulf of Aden area, said it had received information that a dhow en route to Bosasso from Dubai had been hijacked "in the vicinity of Socotra (Island)". A spokesman said UKMTO could not confirm the location of the vessel, which he identified as Al Kausar, or what exactly had taken place, and that investigations were continuing. "We understand Somali pirates hijacked a commercial Indian ship (and it is heading) towards Somalia shores…
GRSE to Build MTU Engines in India
agreement between Rolls Royce and Garden Reach Shipbuilders & Engineers Ltd. (GRSE) will see final assembly of MTU Series 4000 engines in India. Under the terms of the deal, the 12V and 16V 4000 M90 type engines will be assembled in GRSE’s Diesel Engine Plant in Ranchi, while an option for the future local production of parts was also agreed upon. The agreement includes the transfer of MTU technology related to assembly, testing and painting. The 12V and 16V 4000 M90 type engines have a rated power of 2…
Indian Naval Ships Deployed to Malaysia
Indian Naval Ships Shivalik and Jyoti are on an overseas deployment to the South East Asia and Southern Indian Ocean, in pursuance of India’s ‘Act East Policy’. The ships would be on a port visit to Kuantan from 14 May to 19 May , 2017. The visit of the Indian Naval Ships seeks to underscore India’s peaceful presence and solidarity with friendly and harmonious countries towards ensuring good order in the maritime domain and to strengthen existing bonds between India and Malaysia. The two countries share a rich history and a strategic relationship.
India to Allocate 2.5 pct of Road Fund for National Waterways
The Indian government has approved a proposal to allocate 2.5 per cent of the Central Road Fund (CRF) for National Waterways (NWs) that would result in about Rs 2,000 crore (USD 309 mln) proceeds per annum for their development. A statement from the government said that Indian Cabinet chaired by the Prime Minister Narendra Modi has accorded its approval today to a proposal jointly mooted by the Ministry of Shipping and the Ministry of Road Transport & Highways (MoRTH) for amendment of Central Road Fund Act…
Indian Navy Ships in Indonesia
In pursuance of India’s ‘Act East Policy’, Indian Naval Ships Sahyadri, Shivalik, Jyoti and Kamorta under the command of Rear Admiral Biswajit Dasgupta, YSM, VSM, the Flag Officer Commanding Eastern Fleet are on an overseas deployment to the South East Asia and Southern Indian Ocean. Indian Naval Ships Sahyadri and Kamorta are on a port visit to Jakarta from May 26 to May 30, 2017 and to Surabaya from June 01 to June 05. The visit of the Indian Naval Ships seeks to underscore…
Indian Naval Ship Sahyadri Visits Papua New Guinea
Indian Naval Ship Sahyadri has visited Papua New Guinea on its four-day overseas deployment to the Southeast Asia and Southern Indian Ocean aimed to strengthen existing bonds between the two countries. The ship would be on a port visit to Moresby from 12 June to 15 June 2017. The visit of the Indian Naval Ships seeks to underscore India’s peaceful presence and solidarity with friendly and harmonious countries towards ensuring good order in the maritime domain and to strengthen existing bonds between Papua New Guinea and India.