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West Coast Of India News

29 Dec 2023

Esgian: New Contracts, Drilling Activities and Rig Moves Across the World

Borgland Dolphin drilling rig (Credit: Dolphin Drilling)

Esgian's last roundup of the year for the Week 52 puts spotlight on new developments for Dolphin Drilling semisub, Seadrill drillships, as well as Shell’s plans for Australia and ONGC’s new tender for jackups in India.ContractsDolphin Drilling has signed a Letter of Intent (LOI) with an undisclosed operator for the 1,500-ft semisubmersible Borgland Dolphin to undertake a 500-day drilling campaign in the UK. The drilling campaign is planned to begin directly after the firm part of the contract period with EnQuest, which was announced in late November 2023.

27 Oct 2020

Shipbuilders Fincantieri, Cochin Partner in Indian Defense Market

(Photo: Fincantieri)

Italian based international shipbuilding group Fincantieri said it has signed a memorandum of understanding (MoU) with Indian shipbuilder Cochin Shipyard Limited (CSL) to jointly target opportunities in the Indian defense market.With this agreement, Fincantieri said it enhances its presence in India, providing further momentum to the long-standing partnership with the governmental group CSL, which owns facilities both on the East and West coast of India.Fincantieri also noted it has been following the renewal and expansion program of the Indian Navy’s fleet for some time…

30 Apr 2020

LNG Carriers Build Up Around Virus-hit Europe

© Maciej Bledowski / Adobe Stock

Liquefied natural gas (LNG) cargoes are piling up off the shores of Europe as the coronavirus pandemic severely disrupts gas demand, leading to delays in tanker discharges and a rise in the number of vessels used as floating storage, analysts said.Lockdowns due to the virus have led to a slump in industrial gas consumption worldwide, reducing demand for LNG and causing cargo deferrals, delays and cancellations, initially reflected by a build up of floating cargoes in the Far East and India.Despite some vessels managing to unload as lockdowns ease…

29 Oct 2019

India, S. Arabia in New Petro Relationship

India and Saudi Arabia have decided to expand its ‘energy relationship’ into next phase to include Saudi partnership in building additional crude oil storage reserves in India, a new refinery on the west coast of India and investment in retail sector in petroleum.Saudi Arabia is its second-biggest supplier of crude oil after Iraq. It sold 40.33 million tonnes of crude oil to India in 2018-19 fiscal, when the country had imported 207.3 million tonnes of oil.India imports around 18 per cent of its crude oil from the Kingdom, making it the second-largest source of crude oil for the country, Indian Prime Minister Narendra Modi said.PM Modi…

24 Apr 2019

MOL, Reliance to Co-Own World’s 6 Largest Ethane Carrier

The international shipping company based in Tokyo Mitsui O.S.K. Lines Ltd (MOL) and Reliance Ethane Holding (REHPL) a 100% subsidiary of Reliance Industries Ltd(RIL) and based in Singapore agreed to co-owning of six very large ethane carriers (VLECs) which are currently fully owned by REHPL.VLEC is designed for transportation of liquified ethane which has over 80,000m3 of tank capacity. The vessels which transport liquified ethane at - 92 degrees have GTT Mark III membrane system and reliquefaction system.VLEC is between LNG carrier which transports liquified natural gas at 162 degrees and LPG carrier which transports liquified propane…

15 Oct 2018

Video: CMA CGM Box Ship Smashes Into Dock

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.

17 Aug 2018

Hapag-Lloyd Investing in East Africa

(Photo: Hapag-Lloyd)

German shipping company Hapag-Lloyd is continuing to focus on the growing market in East Africa, where annual growth rates of approximately six percent lead the African continent.In April 2018 Hapag-Lloyd launched the East Africa Service (EAS), its first dedicated service to East Africa. The weekly service sails from Jeddah to Mombasa, and from there to Dar es Salaam, in Tanzania, and directly back to Jeddah. The service will be expanded in September with a weekly connection to and from Nhava Sheva, Mundra, Khor Fakkan, Jebel Ali, Mombasa and Dar es Salaam.

09 Jan 2018

Kreuz Subsea Wins 5-vessel Contract in India

Kreuz Installer (Photo: Kreuz Subsea)

Subsea services provider Kreuz Subsea said it has been awarded a contract to deliver subsea completion work for Indian multi-national conglomerate, Larsen & Toubro (L&T) from the start of 2018. The contract, worth an undisclosed eight-figure sum, will see Kreuz Subsea support L&T to install all riser clamps, risers, crossing works, tie-ins, subsea trenching and hydro-testing of pipelines which are part of the Oil & Natural Gas Corporation’s (ONGC) Pipeline Replacement Project (PRP4) and Daman Field development projects off the west coast of India.

21 Dec 2017

Asia Dry Bulk-Capesize Rates to Fall as Cargo Dries Up

Rates from Brazil to China fall by $4/tonne, $6,000/day; queues at Dalrymple Bay to ease, return to normal in January. Freight rates for large dry cargo ships on key Asian routes could slide further from multi-week lows as chartering activity thins during the holiday season and abundant tonnage for January weighs on rates, brokers said. Capesize rates from Brazil to China have dropped by $4 per tonne in the last week, equivalent to a daily earnings fall of about $6,000. Port congestion in Australia and China which helped propel rates to three-year highs earlier this month is also expected to ease. Hold-ups at Hay Point and Dalrymple Bay, one of the world's largest coal export facilities and where at least one panamax bulk carrier waited more than six weeks to load, are set to clear.

08 Dec 2017

Protheroe Joins Greystoke Team in Vancouver

Tim Protheroe has joined consultancy Greystoke Marine Management, headquartered in Vancouver.   Protheroe is a Master Mariner who came ashore with Lloyds Register in 1992 and worked in several senior positions before being appointed President, Lloyds Register America’s Inc. in 2014.    Greystoke recently secured a two-year contract with Swan LNG providing essential marine oversight for the company’s liquefied natural gas (LNG) import terminal development in Gujarat on the north west coast of India.

25 Aug 2017

Asia VLCC Rates Fall to Four-year Low

© Jose Gill / Adobe Stock

Freight rates for very large crude carriers (VLCCs) on Asian routes show little sign of reviving although Hurricane Harvey, which threatens to ravage the U.S. Gulf coast oil refining industry over the weekend, could provide a fillip, brokers said. That came as average weighted VLCC freight rates on all routes sank to their lowest in four years this week to around $9,000 per day. Rates are even lower on some routes after CPC fixed a VLCC late Thursday for a trip from the Middle East to Taiwan at 36.75 on the Worldscale measure and S-Oil fixed a VLCC to South Korea at W36.

07 Apr 2017

Capesize Rates Further Impacted by Cyclone Debbie

Coal shipments from eastern Australia could stop for 3-4 weeks. Freight rates for large capesize dry cargo vessels on key Asian routes, which fell to multi-week lows this week, are likely to remain depressed in the absence of Australian coal cargoes and iron ore and coal from South Africa, brokers said. Coal shipments from ports including Hay Point have been badly disrupted after Cyclone Debbie struck eastern Australia last week, causing extensive flooding and resulted in mine closures with BHP Billiton declaring force majeure on coal shipments. "The market is saying nothing will come out of the east coast of Australia for three or four weeks. If that's the case, shipments will be cancelled and vessels will need to find fresh cargoes," a Singapore-based capesize broker said on Friday.

23 Feb 2017

Asia Dry Bulk-Capesize Rates Up on Increased Traffic

Record iron ore prices fuelling capesize chartering boom; freight rates rise by around $1 per tonne in a week. Freight rates for large capesize dry cargo vessels on key Asian routes, which hit multi-week highs on Wednesday, are set to continue to climb next week on buoyant iron ore cargo volumes, brokers said. More than 30 capesize fixtures were reported in the week to Feb. 22, almost double the number in the last two months, according to data on the Reuters Eikon terminal. "The capesize market should continue to push higher for now - it's all looking good," a Singapore-based capesize broker said on Thursday. The surge in charters for capesize vessels…

04 Jan 2017

Wison Launches Floating LNG Power Plant Solutions

Photo: Wison

Wison Offshore & Marine has developed a range of solutions for floating power supply. With design philosophy of “plug-in power”, all products which are named W-FSRP series (Wison-Floating Storage Regasification and Power generation) feature integrated functions of LNG loading and storage facilities, regasification and power generation. The smallest unit starts at 10MW capacity, while the largest accommodates an 800MW power plant. As global awareness on environmental change increases, countries are looking for ways to improve their energy mix and reduce environmental footprint.

11 Jun 2016

SCI expands its Coastal Shipping Services

The new restructured SMILE Service synergizes Shipping Corporation of India’s (SCI) Services with Shreyas’s Services and seamlessly links up Persian Gulf with East Coast of India and West Coast of India, thereby, further strengthening and expanding SCI’s presence in the Coastal Shipping Sector. The working together of two Lines, i.e., The SCI and Shreyas, on this route will be a force multiplier for SCI which will provide a high quality of Coastal Services on fixed day fixed window and will set the agenda, for SCI, for even bigger expansion in Coastal and near Coastal trades with special emphasis on the East Coast of India ports. With a view to optimize and in order to maintain the SMILE Service’s quality and operational efficiency…

18 Apr 2016

Largest-ever Diesel Cargo Heads to Europe

Europe is expected to receive its largest-ever diesel cargo after French refiner Total booked a super tanker to sail to the region even as it faces brimming storage tanks and wilting demand. Total has chartered the newly-built very large crude carrier (VLCC) tanker Alice to ship 270,000 tonnes of diesel, three times the typical cargo size on the route, from Asia to the port of Antwerp in Belgium, according to shipping data and Reuters ship tracking. A cargo of this size is bound to put more pressure on Europe's diesel prices in a market already facing an influx of imports in the coming weeks from all corners of the world. Euronav-owned…

22 Dec 2015

SCI adds Pipavav to its SMILE Service

The SMILE service of the Shipping Corporation of India (SCI) already having an established Coastal market from Mundra and Pipavav to Cochin / Tuticorin will now have a direct Exim service from Pipavav to Jebel Ali. The service will cater to the Exim Trade from Pipavav to Gulf. The Exim call at Pipavav is in the interest of SCI’s valued customers in terms of providing an efficient and reliable service for Coastal as well as Exim cargo. The SMILE service is a dedicated SCI Service having 3 x 1600 teu Indian Flag vessels catering to Gulf Markets from Indian subcontinent and Coastal Trade on the west coast of India. SCI in its continuous efforts to facilitate shipping solutions to the Indian trade has now upgraded the Exim port call on the SMILE Service.

23 Feb 2015

Adani Hazira Port Handles Record Rock Phosphate

Adani Ports and Special Economic Zone (APSEZ) today said its Hazira port had recently handled a record quantity of rock phosphate of 188,684 metric tonnes, highest amongst any commercial port in single calendar month. With this feat, Adani Hazira Port surpassed Kandla Port’s all time best of handling the similar cargo of 182,748 metric tonnes in June 2012. With this, Adani Hazira port has established a unique position in the handling of rock phosphate on the west coast of India. Rock Phosphate is the key raw material for manufacturing of Phosphoric acid, and Single Super Phosphate fertilizer. This milestone has been achieved due to sustained patronage of the SSP manufacturers and persistence support of the suppliers and traders of rock phosphate and the transporter fraternity.

11 Feb 2015

Adani's Commission Tuna Tekra Bulk Terminal at Kandla

Adani Ports & Special Economic Zone Ltd (APSEZ), India’s largest port developer and part of Adani Group, a global integrated player, today said it had commissioned a bulk terminal at Tuna Tekra, Kanda Port, with an annual handling capacity of over 20 million tonnes, further consolidating its leadership one position on the west coast of India. Nitin Gadkari, the Honourable Minister for Shipping, Road Transport and Highways inaugurated the terminal after the berthing of the project’s first vessel MV Sheng Ming earlier in the day. “The Tuna Tekra terminal is yet another feather in the Adani cap. We expect the terminal to be a game-changer for Export Import trade of the Northwest hinterland of India, thanks to its strategic location.

10 Feb 2015

Indian Diesel Cargoes to Australia in Rare Move

India-Australia vessels booked despite higher freight costs; Chevron moving 1-2 cargoes a month to Australia. Indian diesel cargoes are being shipped to Australia in a rare move as rising competition from new Middle East refineries has made it more difficult to land the fuel in India's core traditional markets in Europe and Africa. Diesel is typically shipped to Australia from North Asia or Singapore as freight rates for the India-Australia route can cost as much as 50 percent more, traders and shipbrokers said. Yet several vessels have been chartered on the higher-priced route since late last year, the traders and brokers said. Chevron…

08 Apr 2015

IRS completes Well Stimulation Vessel Conversion

IRClass, a leading Classification Society and member of IACS, has recently completed the survey and certification of ‘Greatship Ramya’, during its conversion from an Offshore Supply Vessel (OSV) to a Well Stimulation Vessel for Schlumberger under its Single Class. The vessel is now deployed with an Indian Oil Major in the offshore sector. Well Stimulation Vessels are one of the most critical ship types in offshore segment with respect to complexity of processes and equipment reliability as they handle hazardous chemicals under very high pressures (close to 20,000 Psi) and supply/receive these fluids to& from offshore Oil Wells. The Classification for such vessels…

08 Jun 2015

SCI Adds Katupalli, Visakhapatnam to Its SMILE Service

India's Largest shipping Company, the Shipping Corporation of India (SCI) in its continuous efforts to facilitate shipping solutions to the Indian trade has now upgraded the Coastal ports of call on the SMILE Service to include Katupalli and Visakhapatnam on East Coast.The SMILE service is a dedicated SCI Service, having 3 x 1600 teu Indian Flag vessels, catering to the Coastal trade on both the West Coast of India as well as the Gulf Markets. This is SCI’s maiden call at Katupalli (Chennai) and the SMILE service’s maiden call at Visakhapatnam. The SMILE service which already has an established coastal market from Mundra and Pipavav to Cochin / Tuticorin will now have a direct coastal service from Mundra, Pipavav to Katupalli and Visakhapatnam.

11 Oct 2015

Re-Drawal of High Risk Area in Indian Ocean

The International bodies have agreed to India’s efforts to push back the High Risk Area (HRA) from 78 degrees East longitude to the 65 degrees East longitude. This will result in huge savings for India’s EXIM trade and consumers on account of reduced insurance premium and consequently freight costs. Piracy off the coast of Somalia / in the Gulf of Aden / Horn of Africa (East Africa) had surged very significantly from 2008 to 2012, leading to innumerable attacks and hijackings of merchant vessels and their crew. As a part of its counter-piracy measures, the global shipping industry, represented at international confederation levels by bodies such as BIMCO…