The Goan shipping industry partners have joined hands to form the Goa Maritime Cluster, which aims at pooling of resources in manufacturing an all inclusive maritime facility. This will cater to design, manufacture and allied services for the shipping industry. This idea was seeded by Dr. Malini Shanker and progressed under the leadership of Shri Amitabh Kumar , DG shipping India.
This facility will be one of its kind; the first maritime cluster in India. This initiative is supported by the Directorate General of shipping. Expressing his views to Littoral wind in an exchange; the director of Mandovi Drydocks Atrey Swant said, "Formation of maritime clusters will give a boost to the shipbuilding industry in Goa. It will help the shipbuilders to build vessels faster, with better efficiency and quality. It will also help to develop the ancillary industry which is the key to success of shipbuilding and ship repairs."
Cruise & Maritime Voyages today confirmed the purchase of the Pacific Dawn and Pacific Aria from Carnival Corporation. With this acquisition of two new ships the British based cruise operator Cruise & Maritime Voyages (CMV) has its fleet increased to eight ships in 2021. CMV is set to take delivery of P&O Australia’s Pacific Dawn and Pacific Aria in Singapore in March and May 2021 respectively, increasing lower bed fleet capacity to 9,000 berths and passenger capacity by 30% in 2021.
Allcargo Logistics on Dec 5, declared it is acquiring a controlling stake in express logistics company Gati for Rs 416 crores. Allcargo Logistics rose 1.33% to Rs 95.40 while Gati fell 2.20% to Rs 64.55 after Gati offloaded a striking equity stake to Allcargo Logistics.
As part of the deal, Allcargo will buy up to 1,03,85,332 equity shares at ₹75 per share from some of the existing members of the Promoter and Promoter Group of Gati – Mahendra Kumar Agarwal, Mahendra Investment Advisors Pvt Ltd and TCI Finance Ltd (TCI), and Gati. The all-cash deal will see the company eventually acquiring about 45% in Gati through a direct purchase of the promoters’ stake and a subsequent open offer. It values the company at about Rs 1,000 crore.
The Assembly of the International Maritime Organization (IMO) has confirmed the renewal of Kitack Lim’s appointment as Secretary-General of IMO. He has been reelected for a second four-year period beginning on January 1, 2020. Kitack Lim is the eighth elected Secretary-General of the United Nations (UN) maritime agency.
Lim was born in South Korea. He majored in nautical science at the Korea Maritime and Ocean University, graduating in 1977. He worked on ships as a Korean naval officer and for an international shipping company. He joined the Korea Maritime and Port Administration in 1985, while continuing with further studies at the Graduate School of Administration,
The Road Transport, Highways and Shipping Minister Nitin Gadkari recently laid the foundation stone for construction of a passenger jetty at Kanhoji Angre Island in the presence of Heavy Industries & Public Enterprises Minister Anant Geete and Maharashtra Chief Minister Devendra Fadnavis.
The project is being implemented by the Mumbai Port Trust (Mbpt) and was initiated by the former union minister of state for shipping; Milind Deora. "The Mumbai Port Trust will invest Rs 47 crore to develop the Kanhoji Angre Lighthouse as a tourist destination," Gadkari said. He added that, Rs 17 crore will be spent for building a jetty, while the balance will go towards tourist facilities on the island, which will include restaurants, camp sites, accommodation rooms and up gradation of the fort.
Navy day is celebrated in India on the 4th of December every year, to commemorate the achievements of the Indian Navy. The date of 4th December is observed to mark operation Trident that took place in 1971. Several nations observe navy day at various dates aiming at recognition of their navy.
The importance of this day and the date lies in the history of the Indian navy. In the year 1971, Indo-Pakistan war took place- operation Trident, when India launched an attack on the Pakistan harbor. This was the first instance when an anti- ship missile was used in the operation.
Geir Johan Bakke has departed from his post as chief executive of Norwegian shipbuilder and designer Havyard Group, after being associated to the company for 18 years. Gunnar Larsen has been selected by the board as interim chief executive and will immediately begin recruiting a permanent chief executive.
Bakke joined Havyard in 2001 and has served as its CEO since 2014. During the tenure served, Bakke has overseen the growth of the company from a standalone shipyard to a fully integrated shipbuilding group with design, shipyards and equipment production, and nearly 600 permanent employees, along with an volume of over NOK 4300 million.
Short-sea operator Unifeeder has acquired a whopping 77% stake in The Feedertech Group, a Singapore-based feeder and short sea operator, while the remaining 23% will be retained by the chairman of the group, Ali Maghami.
With Feedertech and its subsidiary, Perma, Unifeeder now has the capability to offer feedering and regional short sea connectivity in Europe, the Mediterranean, North Africa, Asia, the Middle East, and the Indian Subcontinent. It also enables opportunities in the fast-growing coastal short-sea trade on the Indian Subcontinent, complementing the existing India logistics strategy of DP World. The group was established in the year 2003 and operates two companies; Feedertech, which is a feedering service and Perma, a regional short sea network. Both operate in the same market and connect the fast-growing trade route of Asia-Middle East via the Indian Subcontinent.
India's Re-election at IMO Opens Avenues; Littoral Wind Exclusive Colloquy with Amitabh Kumar, DG Shipping
At the recent IMO council held, India has been re-elected to the Council of the International Maritime Organization under the category B that represents nations with the largest interests in international sea borne trade.
In an exclusive colloquy with Amitabh Kumar I.R.S. Director General shipping , also present at the event expressed his perspective on India being re -elected with second highest votes. "IMO in the next two years will be regulating on several important arenas like autonomous vessels, cyber security, risk assessment, cleaning of oceans , reduction on the single use plastic so on and so forth. They would also be regulating on latest technology including new battery technology, alternative fuel sources etc. It is now important that India not only participates in such meetings but also takes into account the concerns of the lesser developed and developing nations. we would be using this opportunity to firstly;
In order to escape their sponsor, 9 fishermen took an arduous journey via sea from Yemen and reached Kochi on 29 November. This journey was made possible due to timely intervention of the Indian Coast Guard. The Coast Guard rescued the fishermen who fled Yemen in a fishing vessel after being harassed by their sponsor in the Middle East nation, a Defence spokesman said on Friday.
The two fisherman who belong to Kerala and seven from Tamil Nadu, undertook a perilous journey of around 3,000 kilometers in the open and sometimes rough sea in a fishing vessel they stole from their sponsor. Their voyage lasted for ten days in a vessel not equipped for crossing the sea and the entire episode is quite heroic. They fled to escape their sponsor who had employed them to work on their mechanized fishing trawler, but was followed by an year of mistreatment and pittance of pay. They reported, to have been denied basic amenities like food, shelter etc.
Kerala State Inland Navigation Corporation's deluxe mini-cruise named "Sagara Rani" will take you as far as 12 kilometers into the Arabian Sea, serving you cuppa and snacks enroute. The daily cruise leaves the Marine Drive in Kochi each day, offers an unlimited vista for two hours at an affordable cost of Rs. 350.
This initiative is a common man's dream come true to enjoy the sunset, brushed with the sea breeze and a hot cup of tea/coffee. It enables everyone to enjoy the cruise experience without burning a hole in the pocket! Sagara Rani has two decks. The upper deck can accommodate 90 passengers. The crew is equipped to arrange for additional seating with the help of plastic chairs; in case more passengers turn up. The lower deck is designed with a small restaurant for a quick snack while glancing at the surging waves and also a conference hall and two restrooms.
The Cabinet Committee on Economic Affairs (CCEA) is envisaged to have given its approval for additional investment of $2,670 million by Bharat Petro Resources Ltd (BRPL), a wholly-owned subsidiary of Bharat Petroleum Corporation Ltd (BPCL), for a LNG project in Mozambique.
The cabinet committee which had met on Nov, 27 is also said to have given the green signal for additional equity investment of ₹10,000 crore by BPCL into the equity share capital of BRPL. There was however, no official communication on the decision by the government as of now.
In a rather queer turn of events, Libya’s internationally recognized government and Turkey have signed an agreement on maritime boundaries in the Mediterranean Sea that has potential to complicate Ankara’s disputes over energy exploration with other countries.
The agreement was signed at a meeting in Istanbul on Nov,27 between the Turkish President Tayyip Erdogan and Fayez al-Serraj, the head of the Tripoli-based government which Ankara is backing against a rival military force based in eastern Libya. Turkey announced the vouchsafe and a deal on expanded security and military cooperation on Nov,28. No further details of their memorandum of understanding were released and no specifications were provided of where Turkish and Libyan waters meet.
Russia is planning to dispatch its first floating nuclear power station- Akademik Lomonosov, on a 4,000-mile journey along the Northern Sea Route. This will be a milestone for the country’s growing use of nuclear power and its plans for Arctic expansion, despite environmental concerns.
Shipping through Russia’s remote arctic artery, the Northern Sea Route, has increased by 63 percent over last year’s figures, signaling a major uptick in fossil fuel exports from Siberia’s icy polar coast. At present, shipping tonnage via the route is poised to reach 30 million tons by the end of this year and up from the 20 million tons reported in 2018. Most of the cargo is from the Yamal LNG project and oil fields run by Russia’s state hydrocarbon giant Gazprom. Coal also figures heavily in the new statistics.
In an inexplicable incident the relatives of a Second Officer of mega container ship THALASSA PATRIS are trying to find out the 24-year old. Vladislav Maslov boarded the ship in Singapore on Nov 18, the ship left Singapore on Nov 19, according to Mediterranean Services 2(MD) schedule, ETA Suez Dec 2.
He was declared missing at around 2000 UTC Nov 22, when the ship was sailing in the Indian ocean E of Colombo, Sri Lanka. His family was unable to contact him since Nov 22 while the company contacted the relatives at around 0800 UTC Nov 23. The seaman’s sister Eugenia in her statement reported that the ship kept sailing and didn’t interrupt her voyage and there was no SAR.
China on 26 November, formally established China Shipbuilding Group, which the country’s government-run broadcaster described as the world’s largest shipbuilder group. It is the result of the merger between China’s two leading shipbuilding companies China Shipbuilding Industry Company (CSIC) and China State Shipbuilding Corporation (CSSC).
The announcement of the establishment was reported by China Central Television (CCTV), after last month at Beijing the approved merger of the country’s two largest shipbuilders, China State Shipbuilding Corp and China Shipbuilding Industry Co was held.
Japanese shipping giant Nippon Yusen Kaisha (NYK) has signed a memorandum of understanding with the unit of Indonesian state-owned oil and gas company Pertamina’s unit, Pertamina International Shipping, for energy transportation.
The agreement will focus on meeting energy demand in Indonesia, NYK Lines said, which has 32.1mn t/yr of LNG export capacity across three projects. Pertamina holds a majority stake in the country's 22.5mn t/yr Bontang liquefaction facility. NYK said in its statement that the demand for energy transportation, especially liquefied natural gas (LNG), is expected to increase in Indonesia. In order to address this demand, Pertamina, the largest oil and natural gas corporation in the state, and NYK have agreed to collaborate.
RightShip; a Maritime risk management organization has urged operators of vessels of over 8,000 dwt to confirm their compliant fuel choices and ship implementation plans in a new compliance assessment.
This initiative is taken to support improved industry management of risk and safety ahead of the implementation of the 2020 Sulphur Cap. Information gathered will be displayed on a per-vessel basis in RightShip’s vetting platform Qi, improving the accessibility of compliance pathway data for owners and charterers and helping the industry to manage new safety risks arising from the Sulphur Cap.
Archaeologists from the Norwegian Institute for Cultural Heritage Research (NIKU) have uncovered a grave with a difference just yards from Edøy church on Edøya island in western Norway using cutting edge Georadar technology.
The 65-foot-long ship was covered over more than 1,000 years ago to serve as the final resting place of a prominent Viking king or queen. This discovery makes it one of the largest Viking ship graves ever found.
As opposed with the previous discoveries at Gjellestad, Norway in 2018, the remains of the ship are located just below the surface within what was once a burial mound. In the radar imaging, the mound appears as a circle about 60 feet wide. In the middle of the mound, archaeologists detected a 43-foot-long-keel, and hints of the first two strakes of hull planking are visible on each side.
Mitsui O.S.K. Lines, Ltd. and its allied company Ferry Sunflower Limited unraveled plans to construct the first two LNG-fueled ferries With a total length of 199.9m, each ship will have the capacity to carry a total of 763 passengers. The ferries will be able to cruise at a speed of 22.5k. Ferry Sunflower will charter the vessels and deploy them on its Osaka-Beppu route from the end of 2022 through the first half of 2023.They will be equipped with dual-fuel engines. The use of LNG fuel will help achieve better environmental performance, reducing carbon dioxide (CO2) emissions by 20% compared to current vessels, and virtually eliminating sulfur oxides emissions, MOL explained.
ECU Worldwide, a wholly-owned European auxiliary of Allcargo Logistics has acquired controlling stakes in Hong Kong based PAK DA (HK) Logistics Ltd and Singapore-based Spechem Supply Chain Management (Asia) Pte Ltd for an undisclosed amount, a top company executive said.
“These acquisitions are key to ECU Worldwide gaining strategic leverage and expanding its LCL (less than container load, a mode of shipping where a container may carry multiple shipments) outreach in the Asia-Pacific region,” Shashi Kiran Shetty, chairman at ECU Worldwide and Allcargo, said. The Hong Kong acquisition will help the company gain access to 50 export trade lanes and 20 import services, the company said in a statement. The Singapore entity provides dangerous goods warehousing capabilities, which serves as an additional benefit. Together the companies aim at expansion in vital trade routes.
The European Commission has articulated that it is set to extend liner shipping’s consortia exemption from its antitrust regulations, concluding that it is "still adequate".
The Consortia Block Exemption Regulation, the de facto legislation covering liner alliances and vessel-sharing agreements (VSAs) on container trades to and from Europe, was set to expire April 25, 2020.
However, the EU on Nov. 20 declared that, subject to a four-week “feedback period” running until Dec. 18, it favored extending BER for four years. The news was welcomed by liner shipping lobby group and the World Shipping Council.
The Cabinet Committee of Economic Affairs (CCEA) reported disinvestment of five major PSUs including Shipping corporation of India. At times of Economic downturn also in the shipping industry globally, this may not be an appropriate time to disinvest , reports Sabyasachi Hajara.
In conversation with the former SCI chairman, he expressed his thoughts on the decision for disinvestment. 'As government being shareholders , it is their prerogative to decide and no one can intervene that. The Shipping corporation of India has acted as a lifeline in times of crisis and war and aided to national issues. No other private stakeholder has ever done that'. ' I doubt the equal importance that will be given by any private organization in any national crisis as SCI has done in the past'.
The Port of Hamburg, Germany’s largest universal port; wrapped up the first three quarters of this year with a container throughput of 7 million TEUs, representing a growth of 6.9 percent.
After an initially modest start at the beginning of the year, container throughput picked up during the second half, achieving a 1.0 percent advance over twelve months to 8.9 million TEU. At 91.7 million tons, total containerized cargo volume rose by 1.2 percent. The increase is primarily attributable to the four new transatlantic services and four new Baltic feeder services.
The cabinet committee on economic affairs (CCEA) approved India’s accession to the Hong Kong Convention on Hong Kong International Convention for Ship Recycling, which will enable a boost to the ship-wrecking industry in India.
"By this accession to the Hong Kong International convention, we are bringing in global best practices and we are not becoming a backyard of all rejected ships, but on the contrary scientifically dealing with ship recycling," Sitharaman said.
Adani Ports' Results in Higher Profit Than Estimates
The fastest growing port within the group was Dhamra, on the eastern coast, which registered a growth rate of 46%. Kattupalli, to the south, achieved a 17% increase, while the western ports of Hazira and Mundra increased cargo flows by 7% and 5% respectively. The company’s network of ports and Net profit rose 74 percent year-on-year to Rs 1,054 crore in the second quarter, according to the company’s exchange filing. Its revenue rose 8.17 percent over last year to Rs 2,821 crore—in line with the Rs 2,788-crore estimate. Other income grew 61 percent to Rs 505.74 crore.
World cup fans will be enthralled as Qatar has signed an agreement with MSC Cruises to charter two ships to accommodate fans during the FIFA World Cup Qatar 2022.
The two ships, with a combined capacity of nearly 4,000 cabins will act as floating hotels during the tournament. They will be berthed at Doha Port. These vessels are LNG fuelled, which is the most environment friendly fuel currently available in the maritime shipping industry. This in turn shall keep the fuel emissions at bay, while the ships are berthed. Apart from the floating hotels, the accomodation options varies to apartments, hotels and fan villages.
A week after the surpring exit of Maersk's COO, Soren Toft; Mediterranean Shipping Co (MSC) confimred the joining of Toft as the new CEO. He will look after the containers and logistics operations.
“MSC is confident that this appointment will bring significant value to its cargo businesses, building on the company’s existing strengths and boosting its development plans even further,” the company said in a statement.
Toft is joining the family owned company to assist the Aponte family and will be reporting directly to Diego Aponte, group president, and Gianluigi Aponte, founder and group chairman. This is seen as a pivotal move by the family to appoint an outside professional to look after the container and logistics businness.
New Mangalore port welcomed the second vessel of the cruise season; Costa Victoria the Italian flag cruise vessel. There were 1928 passengers and 766 crew members on board. The cruise season began on Novermber 4 with the arrival of Aida Vita.
New Mangalore Port Trust is the first in the country to embark on the Heli-tourism services. “Given the present road conditions and the distance to these places, heli-tourism was the best option for international tourists to get a glimpse of Karnataka. Any aviation company with DGCA certification can provide the service and NMPT would facilitate their operation. For the next cruise vessel calling on November 12, there were 16 confirmed bookings,” Mr. Ramana, Chairman of NMPtold reporters here.
The International Maritime Organization’s (IMO) environmental work group assembled in London for its annual conference this week and the delegates are being urged to consider new regulations to reduce ship speeds. Short term proposals are being considered for the reduction of emissions. According to new research from environmental groups Seas at Risk and Transport & Environment, cutting ships speeds by 10%-20% could produce 13%-24% less CO2, SOx and NOx emissions, respectively. Seas are at risk with air pollution effecting human health and nature and noise pollution affecting marine life.
Oil-rich Abu Dhabi plans to begin a commodities exchange to propose trading in the emirate’s first crude futures contract by next year. The platform will be based in Abu Dhabi’s financial district and operated by Intercontinental Exchange Inc, according to people with knowledge of the situation. Atlanta-based ICE will be the majority owner, with Abu Dhabi National Oil Co. and several European and Asian oil companies and traders taking minority stakes, the people said, asking not to be identified because the information isn’t public as of now.
Media officials for ICE and government-run Adnoc declined to comment.
MSC Isabella, one of the new ships from MSC’s Gülsün-Class of container vessels fleet, made its maiden call at the Port of Singapore on 10 November 2019. This is the largest container ship to ever to call at Singapore. The ultra large container vessel (ULCV) is one of the eleven new ships from Mediterranean Shipping Company’s (MSC) Gülsün-class of box ships. The Gülsün-Class is currently the world’s largest series of containerships. The ship measures around 400 meters long and 61 meters wide, the ship can carry up to 24 rows of containers,
The NGO Ship breaking Platform said in its quarterly update, the unsafe ship breaking yards on South Asian beaches have claimed the lives of 19 workers so far this year. A total of 122 ships were broken in the third quarter of 2019. Out of these, 73 ships were sold to the beaches of South Asia for dirty and dangerous breaking. Between July and September, eleven workers lost their lives and twenty were severely injured when breaking ships in Bangladesh and India. So far this year, the Platform has recorded 19 deaths and 30 severe injuries in South Asia.
The largest shipping company’s of the world announces the sudden departure of its 45-year-old EVP and chief operating officer Søren Toft. This news was released on 11 November, Maersk said that Toft "has decided to pursue an opportunity outside of the company and will leave effective today."
The world’s first hybrid electric-powered expedition ship MS Roald Amudsen is the latest member to join the Hurtigruten; world leader in exploration travel fleet. It is named after the man to cross Antartica and reach the South Pole. The Christening of the ship was done in Chiriguano Bay on Barbant Island, Antartica by polar pioneer and godmother Karin Strand in.
Most of the people have a vague idea about shipping industry in India. Very few people actually know that 90 % of the cargo in the world moves through the sea’, said Mr. Ashish Kumar in the seminar conducted by Littoral communications. This seminar was commenced on the 25th of October on the topic of Littoral Reefer Cargo India 2019. The Event was hosted at Hotel Taj Mahal Palace, Mumbai.
The most awaited time of the year in cruise tourism has arrived in the country. Costa Victoria, one of the enchanting ships of the Costa fleet, arrived at Mumbai, where she will be homeporting for the 4th Indian season of the very popular Italian brand. The cruise line has a very popular itinerary from India to Maldives. On lines with the deluxe Angriya Cruise that set sail last year from Mumbai to Goa, another ship to add to the premium luxury cruise line is by Zen Cruises, India’s Premiere Cruise Line and is set to launch its first brand Jalesh Cruises from Mumbai in April 2019.
The shipping ministry is not opposed to strategic divestment of the Shipping Corporation of India Ltd., a top official said. The shipping ministry in 2017 had opposed the proposal of the strategic divestment of SCI, but has now agreed on the prospect of the group of secretaries for dilution of stake in the SCI, the official said.
From 4-5 April, over 350 participants from more than 70 countries around the globe gathered at the World Maritime University (WMU) for the WMU Empowering Women in the Maritime Community Conference. The aim of the event was to address the gender gap in the maritime, oceans, ports, fishing and related industries. The conference was held in Jeddah, Saudi Arabia and was themed on”Sustainable Marine Development Towards 2030 and Beyond”.
The arrival of first cruise liner Italian flagged AIDAvita marked the beginning of the cruise season in Kerala on 5 Nov. The ship with 1,181 tourists and 406 crew members on board was docked at BTP berth, Kochi Port, around 8 am. The luxury liner began its journey from Dubai to Singapore on October 30.Before reaching Kochi, it was docked at Muscat, Goa and Mangaluru.
Global warming has taken an alarming turn of events yet again. The Union Environment Ministry confirmed the mortality of corals around India from increased bleaching. According to a 16-year study conducted (2003-2019) by the pan-India wildlife research body Bombay Natural History Society (BNHS) and Wildlife Institute of India (WII) it was recorded that coral reefs in the Lakshadweep Islands were not only undergoing recurring bleaching, but are at the risk of widespread mortality.
Korea is to soon join the league of leading countries, willing to adopt an eco friendly approach. Global pollution is a growing menace and even the oceans are not devoid of it. The global shipping enterprise has only acted as a catalyst. Looking at the current alarming pollution levels, the government of South Korea revealed its plans to convert the 140 state-owned vessels to run on environmentally friendly fuels by 2030.
Maersk is set to join forces with industry peers and customers to develop LEO, which is a blend of lignin and ethanol – that could be part of the future solution for sustainable shipping. Along with Maersk the other sectors to explore this opportunity are Wallenius Wilhelmsen, BMW Group, H&M Group, Levi Strauss & Co. and, Marks & Spencer.
Mansukh Mandaviya, the union minister of state for shipping, laid the foundation stone for the construction of a new jetty exclusive for liquid cargo. This jetty at JNPT will help in the increasing demands for liquid fuels in India.
Minister Mansukh Mandaviya present at the occasion said, "The Prime Minister Narendra Modi has laid focus on port-led development. Keeping this in view, India's ports are being developed and modernized in line with global best practices."
Prime Minister Narendra Modi is on a visit to Thailand to attend the ASEAN-India, East Asia and Regional Comprehensive Economic Partnership Summits (RCEP) in order to strengthen the regional cooperation in core areas like maritime security, trade and connectivity. This is Prime Minister Modi’s Seventh ASEAN –India Summit and sixth East Asia Summit. These ASEAN- related summits are integral events of the diplomatic calendar.
German chancellor, Angela Merkel visited Delhi on a two day visit to strength ties. India and Germany will fortify their bilateral and multilateral cooperation to combat terrorism, Prime Minister Narendra Modi said on Friday after holding extensive talks with German Chancellor Angela Merkel on enhancing ties in strategic areas, including defence, artificial intelligence and energy security. The talks lead to the two countries to ink 17 MoUs and agreements in various fields, including space, civil aviation, maritime technology, smart cities, medicine and education.
The ASEAN summit acted as the perfect opportunity for PM Modi to put forth the vision of naval expansion in the Indian Ocean region. The Prime Minister held separate bilateral meetings with the leaders of Myanmar, Indonesia and Thailand: all of them being strategically located as our neighbors. Maritime Security Cooperation was the major agenda of all the three meetings.
Fishermen raised apprehensions when they found dead fish washed ashore at Dona Paula. They suspected the reason to be a stranded ship and plausible leakage from the same. The officials visited the agitated fishermen and denied any oil leak from the ship. The stranded ship is a merchant naptha –loaded shipping tanker which was anchored at the Mormugao port and later drifted off on October 23 before getting washed ashore a few hundreds of meters off the coast near Cabo Raj Bhavan.
Wista International has over the years become a platform to encourage women in the maritime domain. Ms Despina Panayiotou Theodosiou, co-CEO of Tototheo Maritime, has been re-elected as the WISTA International President, during the association’s 39th Annual General Meeting held in the Cayman Islands on October 30, 2019, informed a release.
In a bid to enhance connectivity and utilize the potential of inland waterways, a cargo vessel will set sail from Pandu Ghat for the first time. The cargo container is carrying 53 TEU’s of consignment and is to sail through the Brahmaputra national waterway -2. The first time a container cargo vessel sailed in the country was last year on national waterway -1. Now the Northeast is taking a leap in the inland waterways through the Brahmapurta..
The Russian gas producer Novatek has signed MoU(s) with the H-Energy Global and Petronet LNG; Indian natural gas companies for the sale of Russian LNG. During Prime Minister Narendra Modi visit’s to Russia, an MOU was also signed between Novatek and India's Petronet LNG Limited on future natural gas cooperation including supplies for power generation and marketing of LNG as motor vehicle fuel. It includes joint investment in developing a network of filling stations and a fleet of LNG-fueled trucks.
Essar Ports, which operates four terminals on the east and west coasts of India, has achieved a astonishing growth rate in excess of 20% over the first half of the current financial year, handling 27.29 million tonnes of cargo in this period. The growth has been driven by a 183.21% increase in third- party cargo compared corresponding period in the previous financial year. By comparison cargo from captive in-house customers grew by 6%.
The Shipping Corporation of India on Wednesday reported narrowing of consolidated loss to Rs 40.91 crore for the quarter which ended on September 30, 2019. The company had posted a consolidated loss of Rs 124.51 crore in the year-ago period, according to a BSE filing.
Disney Cruise Line announced plans to build three additional cruise ships, each of them showcasing the immersive family entertainment, enchanting storytelling and unparalleled service that only Disney can deliver. The three additional LNG cruise ships are a result of the memorandum with the Meyer Werft shipyard in Germany.
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