GRSE Q3 results: Profit misses estimates, revenue up 38%
KOLKATA : Garden Reach Shipbuilders & Engineers Ltd. reported an 11% year-on-year rise in net profit in the third quarter of this financial year, missing analysts’ estimates. The shipbuilding company posted a profit of
Shipping Secretary alongwith DPA Chairman visited Alang Ship Recycling Yard, Gujarat
BHAVNAGAR : Shri T.K. Ramachandran, IAS, Secretary, Ministry of Ports, Shipping & Waterways, had an insightful visit at the Alang Ship Recycling Yard, Gujarat, accompanied by Shri Sushil Kumar Singh, IRSME, Chairman, DPA.
Odisha to develop ₹4,000-Cr ship recycling hub near Paradip Port
PARADIP : The Odisha Government is planning to set up a ₹4,000-crore ship recycling hub near Paradip Port. This project will be developed in collaboration with the Paradip Port Authority (PPA) and it aims
GRSE commences Steel-Cutting of an ORV for NCPOR, MoES
KOLKATA : In keeping with its proven commitment towards customers and the capability to handle multiple projects of various classes concurrently, Garden Reach Shipbuilders and Engineers (GRSE) Ltd commenced steel-cutting of an Ocean Research
Wallem Group’s ESG report shows growing commitment to sustainable maritime practices
HONG KONG : Wallem Group, a leading global maritime partner, has released its Environmental, Social and Governance (EGS) report, reinforcing its commitment to safe, sustainable and responsible practices across its ship management, ship agency
Women’s career fair seeks new talent in ship recycling
CHATTOGRAM : Ship recycling companies in Bangladesh have confirmed their intentions to hire more women, after acknowledging the “wasted talent” in an industry that has traditionally barred females from employment. A careers fair hosted
Demand shocks drive ship recycling to lowest level in 20 years : BIMCO
COPENHAGEN : “Over the past eight quarters, ship recycling of bulkers, tankers and container ships has dropped to the lowest level in 20 years. A combination of strong demand following a series of market
BIMCO calls on IMO to solve legal inconsistencies in ship recycling conventions
LONDON : BIMCO, together with Bangladesh, India, Norway, Pakistan and the ICS, has submitted a paper ahead of the 81st Marine Environment Protection Committee (MEPC) meeting on 18-22 March 2024. The paper highlights the need to