Cochin Shipyard Limited, India’s largest shipbuilder, has signed a partnership agreement with Fincantieri, one of the world’s largest shipbuilders. Besides ship-building, the two will co-operate in the areas of ship design, repair, marine equipment manufacturing and training & skill development, the Kochi-based company said today. Italy-based Fincantieri has over 230 years of history and more […]
The Government of India and Indian Navy have decided to tear down INS Virat, the world’s oldest serving aircraft carrier that carries much sentimental value for not just defence personnel, but defence and naval enthusiasts from across the country. INS Viraat was the flagship of the Indian Navy before INS Vikramaditya was commissioned in 2013. […]
Cochin Shipyard Limited said it signed a contract for construction and supply of eight anti-submarine ships for the Indian Navy worth Rs 6,311 cr. The ships, also known as anti-submarine warfare shallow water crafts, will have a displacement (size) of about 750 tons, a speed of 25 knots and will be capable of full-scale, sub-surface […]
Cochin Shipyard Limited (CSL), which operates the largest ship-building and maintenance facility in India, on Friday signed contracts for the construction and delivery of four 8,000-ton mini bulk carriers with a subsidiary of the JSW Group, one of India’s largest business conglomerates. The vessels will be built at the CSL yard in Kochi and will […]
The Andaman & Nicobar Island Administration can look forward to taking delivery of its two 500-passenger vehicles as the erection, or final welding, process has begun at the Cochin Shipyard. During the shipbuilding process, each ship block is brought to the building dock, where they are erected with cranes. After each erection, welding is carried […]
Government of India-controlled Cochin Shipyard Limited said it signed an agreement with Russia’s largest shipbuilding company to jointly design and manufacture inland and coastal ships in India to enable the government’s Sagar Mala program. Sagar Mala is a ₹8 lakh cr investment initiative of the Government of India to promote the use of water ways […]
India’s first terminal dedicated for cruise ships on its east coast will be ready in Chennai this month, the shipping ministry said. This will make it the fifth such cruise terminal in the country. All four existing cruise terminals are located on India’s western coastline, targeting ships that come in from the Middle East and […]
Reliance Anil Ambani Group said its unit Reliance Defence and Engineering Ltd partnered with US-based oil rig comopany ALLRIG to provide jack-up rigs, drilling rigs and other floating fixed oil & gas assets in India. “The association will be helpful in providing solutions for class approved spares, repairs, upgradation and warranty support for critical equipments […]
Vamaship,a company that connects shippers with logistic companies, said it has launched new service for international e-commerce shipping from Mumbai for the gems and jewellery industry starting from Rs 999 onwards for door-to-door delivery. The customer can book the shipment on the Vamaship website and track shipments through their mobile app and on the platform […]
The shipping corporation of India(SCI) one of the largest Indian shipping Company, declared its financial results for Q1 ending 30th June 2015 noted a net profit of Rs 163.54 crores as compared to a net profit of 49 crore registered in Q1 ended 30th June 2014. The company had marked a net profit of Rs. […]
India would need to undertake massive investments and upgrades at its seaports to handle future traffic, a study by Assocham found. Growing at a compounded annual growth rate (CAGR) of over eight per cent, the seaborne trade in India may cross 830 million tonnes (mt) mark by 2016-17, apex industry body ASSOCHAM said today. “This […]
The Great Eastern Shipping Company Limited said it has signed a contract to buy a Supramax Bulk Carrier of about 52,454 dead weight tonnes. The 2006 built vessel is expected to join the Company’s fleet in September-October 2014, it said. The Company’s current fleet stands at 30 vessels, comprising 22 tankers (8 crude carriers, 12 […]
Shipping company Mercator Ltd said it has got shareholder approval to raise $15 mln in foreign currency loans. The company said the approval was given through postal ballot. The debt would be raised in the form of foreign currency convertible bonds or FCCBs. The FCCBs will have a an initial conversion price calculated at 58.5740 […]
