Swan Defence shares re-list on stock exchanges, up 5% after listing, Marking a New Era of Growth
MUMBAI : Swan Defence and Heavy Industries Limited (SDHI) achieved a significant milestone on Monday as its shares resumed trading on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The stock opened
Shipbuilders hopeful for Customs Duty exemption extension in upcoming Budget
NEW DELHI : Indian shipbuilders are facing uncertainty as the Customs Duty exemption on the import of raw materials, machinery, and equipment used in ship construction is set to expire on March 31.“The withdrawal
US ‘blacklists’ world’s largest shipowner and shipyard group in swipe at China
SHANGHAI : China Cosco Shipping, the world’s biggest shipowner, has been targeted by the US government for its alleged links to China’s army. The move came as Beijing sought to reassure markets after a
India makes fresh overture to Korean shipbuilders
SEOUL : An Indian delegation led by Secretary T.K. Ramachandran of the Ministry of Ports, Shipping and Waterways visited South Korea’s major shipyards earlier this month, in an apparent move to seek cooperation in
APSEZ places order with Cochin Shipyard for 8 tugs in Rs 450 cr deal
AHMEDABAD : Adani Ports and Special Economic Zone Limited (APSEZ) on Friday announced it has placed an order for eight harbour tugs, to be constructed by Cochin Shipyard in a deal worth Rs 450
Russia’s first ice-class LNG carrier enters sea trials
MOSCOW : The first Russian-built ice-class liquefied natural gas (LNG) carrier has entered sea trials, LSEG data showed on Friday, as part of Russia’s efforts to raise global LNG market share despite U.S. sanctions.
Swan’s Shipyard makes payment of Rs.196 Crore to its Lender Consortium
MUMBAI : Swan’s Shipyard (RNEL) has made a payment of Rs.196 crores to its lender consortium in accordance with the payment schedule laid down in the NCLT approved Resolution Plan for Reliance Naval and
Udupi Cochin Shipyard launches first vessel built for Norwegian firm
KOCHI : Udupi Cochin Shipyard Limited (UCSL), a subsidiary of Cochin Shipyard Limited, launched the inaugural vessel of the Series of Six 3800 TDW General Cargo Vessels being built for M/s Wilson ASA, Norway.