HPCL buys out Shapoorji Pallonji stake in joint venture LNG terminal
MUMBAI : Hindustan Petroleum Corporation Ltd (HPCL) has acquired the 50 per cent stake it does not already own in HPCL Shapoorji Energy Private Limited (HSEPL), from SP Ports Private Limited, as the financially-stressed
Suez Canal Could Be Blocked For Weeks By “Beached Whale” Ship
EGYPT : A huge container ship blocking the Suez Canal like a “beached whale” may take weeks to free, the salvage company said, as officials stopped all ships entering the channel on Thursday in a
Companies Consider Alternative Routes, Assess Costs as Suez Canal Blockage Continues
European and international companies are bracing for possible rising costs and growing supply-chain complications as the blockage of the Suez Canal heads into a fourth day amid signs of still longer backlogs. Retail and manufacturing
Suez Canal blocked after large container ship runs aground
EGYPT: A large container ship ran aground in Egypt’s Suez Canal on March 23, blocking the crucial international trade artery and causing a major traffic jam of shipping vessels at both ends. Both, the
Seacoast development policy on anvil; 225 projects identified: Mandaviya
NEW DELHI : A policy is on the anvil for development of seacoast and about 225 projects have been identified under it, Union Minister Shri Mansukh Mandaviya said here on Wednesday, 24th March. The
DP World announces resilient financial results for 2020
DUBAI : DP World Limited announces robust financial results for the year ended 31 December 2020. On a reported basis, revenue grew 11.0% to $8,533 million and adjusted EBITDA grew 0.4% to $3,319 million
Gujarat’s Alang ship breakers’ business boosts due to global trade slowdown
BHAVNAGAR : The Indian ship-breaking industry is sailing towards a 10 per cent revenue growth this fiscal on-year owing to improved availability of condemned vessels and higher rates for steel scrap, says a CRISIL
Marine Aids to Navigation Bill introduced in Lok Sabha
NEW DELHI: With technological changes taking place at a fast pace in marine navigation, a bill to provide for a fresh framework to establish and manage vessel traffic services was introduced in Lok Sabha