MUMBAI : Revenue from operations during the reporting period surged 30% on-year to ₹2,362.5 crore as against ₹1,815.9 crore in the corresponding period of last year. EBITDA or operating profit jumped 82% on-year to ₹539
ZURICH : DNV has quantified the gains that owners of liquefied natural gas (LNG) carriers could expect to achieve using the new Dual Fuel, Electric+ (DFE+) solution developed by ABB and MAN Energy Solutions.
KOLKATA : India-based shipbuilder Garden Reach Shipbuilders & Engineers Ltd (GRSE) has launched a next-generation battery-powered electric ferry for the West Bengal government. The launching ceremony for Dheu took place in Kolkata last month.
BHARUCH : The Indian Navy on Friday took delivery of the first 25 tonne Bollard Pull Tug, Mahabali, built at the Shoft Shipyard Pvt Ltd (SSPL), an MSME based in Bharuch, Gujarat, marking another
NEW DELHI : The Union Government is working on a plan to grant infrastructure status to the shipping industry, including coastal shipping, two people aware of the development said. The move aims to promote
KOCHI : Cochin Shipyard, a subsidiary of Udupi Cochin Shipyard Ltd, is aiming to increase its share of the $30 billion global ship repair market. Currently, India’s share in this market is only about
MARSEILLE : On January 30, Beihai Shipbuilding and CMA CGM signed a contract for a methanol dual-fuel retrofit project for a container vessel. CMA CGM had also reportedly entered into a contract with Shanghai Waigaoqiao
MUMBAI : Mazagon Dock Shipbuilders Ltd. has signed a contract with the Ministry of Defence, which will buy 14 Fast Patrol Vessels for the Indian Coast Guard. The FPVs, at a contract value of
GANDHINAGAR : The government is now trying to revive Gujarat’s shipyards’ sector by attracting new players and revising the 14-year-old ‘shipbuilding policy’. A shipyard’s capacity is defined in terms of the number of ships
KOCHI : Union Minister of Ports, Shipping & Waterways and Ayush, Shri Sarbananda Sonowal reviewed the preparation of the key strategic projects at Cochin Shipyard Limited (CSL) in Kochi, Kerala on Tuesday. It is