Economic Survey 2023-24 : Lakshadweep, Andaman & Nicobar, Gujarat to be developed for ship buil…
NEW DELHI : In a significant stride towards enhancing India’s coastal infrastructure, the recently released economic survey for the fiscal year 2023-24 has placed island development at one of the forefronts of its agenda.
Steel Ministry panel rejects proposal for TMT bars made from ship-breaking plates
NEW DELHI : A committee set up by India’s Steel Ministry has rejected the use of ship-breaking steel plates for making TMT bars (rebars) due to non-standardised offerings and the absence of wider data.
14 methanol-powered ships ordered in October
HAMBURG : A total of 14 orders for methanol-powered ships were recorded in October as demand for alternative fuels in the maritime industry continues to rise in line with the ever-stringent regulatory landscape, data from
Over 15,000 ships could be recycled by 2023, up more than 100% on the last 10 years
COPENHAGEN : “Over the next ten years, from 2023 to 2032, more than 15,000 ships with deadweight capacity of more than 600 million tonnes are expected to be recycled, more than twice the amount
MSC’s secondhand boxship buying spree passes 300 mark
GENEVA : Mediterranean Shipping Co’s (MSC) secondhand buying spree has hit the 300-vessel threshold according to analyst Alphaliner. In its weekly newsletter Alphaliner said that MSC was reported to have purchased six vessels in recent
NYK creates history with sale of first vessel for green recycling
TOKYO : Nippon Yusen Kaisha (NYK) has sold its 1998-built multipurpose (MPP) vessel Kamo to PHP for recycling in line with the Hong Kong Convention for the Safe and Environmentally Sound Recycling of Ships (HKC). Chattogram-based
Centre pushes for Alang to emerge as vehicle scrappage hub
NEW DELHI : Alang, in the Bhvanagar district of Gujarat, is considered to be the largest ship breaking yard in Asia; and there has been a push from the Centre to expand its usage
Maersk Line following the trend of ship demolition
COPENHAGEN : Maersk Line has sold a 1999-built feeder ship for scrap, joining several other liner operators that have begun shedding older tonnage as the freight market corrects to pre-Covid-19 levels. Brokers said that