Baltic index hits over 1-year low on weaker rates across vessels
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to near 15-month low on Monday, dragged down by losses across all vessel segments.
Indian Register of Shipping and Cochin Shipyard collaborate on Indigenous Autonomous Vessel Project ‘SWAYAT’
MUMBAI : Indian Register of Shipping (IRS) and Cochin Shipyard Ltd (CSL) have entered into an umbrella agreement aimed at developing indigenous technologies and enhancing the capabilities of both organizations. As part of this
MoD inks contract worth ₹1207 Cr with Cochin Shipyard Limited for Short Refit and Dry Docking of INS Vikramaditya
NEW DELHI : The Ministry of Defence signed a contract with M/s Cochin Shipyard Limited on 30th Nov 2024 for Short Refit and Dry Docking (SRDD) of INS Vikramaditya at an overall cost of
JNPA hosts MoPSW delegates and Senior Officials to the ‘Convention of Secretaries of Major Ports’
MUMBAI : Jawaharlal Nehru Port Authority hosted the delegates from Major Ports and Senior Officials of MoPSW to the “Convention of Secretaries of Major Ports.” The convention was inaugurated by JNPA Chairman, Shri Unmesh
IHCL signs a Gateway Resort in Kandla, Gujarat
MUMBAI : Indian Hotels Company (IHCL), India’s largest hospitality company, announced the signing of a resort in Kandla, Gujarat. This conversion project will be branded a Gateway resort. Speaking on the occasion, Ms. Suma
India signs Statements of Intent with U.K on electric propulsion systems for Indian Navy
NEW DELHI : India and the U.K. signed a Statement of Intent (SoI) on cooperation on design & development of Electric Propulsion Systems for the Indian Navy. The signing was part of the third
ONGC in talks with domestic shipyards for offshore drilling rigs
NEW DELHI : Oil and Natural Gas Corporation (ONGC) is in preliminary talks with domestic shipyards to construct two offshore jack-up drilling rigs, estimated to cost USD 500-550 million. The plan, recently approved by
ICG conducts 11th National Maritime Search & Rescue Exercise off Kochi coast
KOCHI : The Indian Coast Guard (ICG) conducted the 11th edition of National Maritime Search and Rescue Exercise (SAREX-2024) off the Kochi coast on November 29, 2024. The two-day exercise was inaugurated by Defence Secretary