Rs 4,000 cr state-aid for shipbuilding go abegging as yards collapse
MUMBAI : A Rs 4,000 crore state aid budgeted by the government for local shipbuilders for a ten-year period starting April 2016, is going abegging after a spate of yard
Scorpio Tankers doubles Q1 revenue
MONACO : Scorpio Tankers announced a strong set of first quarter results, doubling its revenue and returning to profit in the first three months of 2023. Profit of
Edda Wind repeat order confirms as offshore wind service vessel technology of choice
FINLAND : MacGregor, part of Cargotec, has extended its run of orders for walk-to-work gangway technology from Edda Wind, after receiving a contract to equip the 8th service
Centre pushes for maritime innovation with Sagarmala start-up policy
NEW DELHI : A draft under the ‘Sagarmala innovation and start-up policy’ was recently put up for discussion and stakeholder comments. According to a Ministry official, most of
India building 7,200 km transport corridor to counter China’s BRI
NEW DELHI : The 7,200 km long International North South Transport Corridor (INSTC) connecting India and Russia is now rapidly coming to life after remaining a slow starter
Chinese state-owned firm to build major Sri Lanka port complex
COLOMBO : A Chinese state-owned firm said on Monday it plans to take its investment in Sri Lanka to $2 billion by building a major logistics hub. Sri
Seized tanker ‘Advantage Sweet’ remains in Iranian waters
TEHRAN : Iran’s army has seized a Marshall Islands-flagged oil tanker in the Gulf of Oman after it collided with an Iranian boat, injuring several crewmen, state media
ASEAN India Maritime Exercise (AIME-2023)
NEW DELHI : Indian Naval Ships Satpura and Delhi with RAdm Gurcharan Singh, the Flag Officer Commanding Eastern Fleet embarked onboard arrived at Singapore on 01 May 2023
PSA forms new JV investing in Renewable Energy in China
SINGAPORE : PSA has partnered with Beibu-Gulf Port Group, and COSCO Shipping Group to form a joint venture (JV) company in China’s Guangxi Qinzhou Port District investing in
“Contestation happening at sea on daily basis”: Navy Chief on China ships
NEW DELHI : There is a “large presence” of Chinese vessels in the Indian Ocean Region and India keeps a “very close watch” on the developments in the