India
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Asia
Pakistan voices concern at detention of seafarers in Gujarat
New Delhi: Pakistan officials are concerned about an alleged detention of Pakistani seafarers in Gujarat in neighbouring India. “The reports…
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Asia
Tide to turn for Varun Shipping?
Mumbai: The entire nine-strong fleet of gas carriers in the Varun Shipping stable is scheduled to be operational by June…
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Asia
Naveen Jindal linked with coal scam
New Delhi: The Central Bureau of Investigation (CBI) has charge-sheeted industrialist and senior Congress party leader Naveen Jindal and 14…
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Asia
Parliamentary committee pulls up shipping ministry for underperformance
New Delhi: A parliamentary standing committee has criticised India’s shipping ministry for underperformance in various areas. Among the issues cited…
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Asia
Cairn India suffers its largest loss ever
Mumbai: Exploration and production (E&P) giant Cairn India has posted its biggest loss ever, in the fourth quarter of fiscal…
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Asia
Krishnapatnam port eyes stake sale to fund larger ambition
Hyderabad: Krishnapatnam Port Co (KPCL), promoted by the Hyderabad-based infrastructure conglomerate CVR Group, plans to bring in a strategic investor…
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Asia
Petronet LNG under government investigation over gas purchase deals
New Delhi: Natural gas importer Petronet LNG is being investigated by the Indian government over alleged irregularities in gas purchase…
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Asia
Varun Shipping clarifies stance on investor grievances
Mumbai: Beleaguered Indian shipowner Varun Shipping has written to stock market regulator Securities & Exchange Board of India (SEBI), clarifying…
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Dry Cargo
Five more capes canned in Pakistan
London: Five more capesize bulk carriers were sold to demolition yards in Pakistan this past week, but prices there are soon…
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Asia
Varun Shipping faces SEBI ban over investor complaints
Mumbai: Stock market regulator Securities & Exchange Board of India (SEBI) has hit Varun Shipping with a notice of a…
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Asia
Jindal Steel to buy 10 mini-bulkers from Bangladesh
Chittagong: India’s Jindal Steel has placed a 4.8bn Bangladeshi Taka ($61.3m) order for 10 new mini bulk carriers with Bangladesh’s…
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Asia
Ambiguous licensing rules prevent expansion of Indian fleet
New Delhi: Indian shipowners have been unable to expand their fleets, even in the wake of the modified tonnage tax…
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Asia
Adani seek huge government grant for building Vizhinjam port
Thiruvananthapuram: Ahmedabad-based Adani Ports and Special Economic Zone Ltd (APSEZ), was the only one of five pre-qualified port operators to…
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Asia
Hiranandanis to set up floating LNG terminal in West Bengal
Mumbai: Real estate developer Hiranandani Group has decided to diversify into import and distribution of liquefied natural gas (LNG), and…
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Asia
Cochin Shipyard looks to set up shipbuilding unit in Kandla
Cochin: Cochin Shipyard Ltd (CSL) is exploring avenues for establishing a shipyard at Tuna Kandla port, in Gujarat. The Indian…
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Asia
Cabinet nod for India-Jordan maritime shipping pact
New Delhi: The Indian cabinet, chaired by Prime Minister Narendra Modi, has given the green light to a proposal to…
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Asia
Adanis in talks with Korean, Chinese banks to fund Queensland coal project
Ahmedabad: The Adani Group is understood to be in advanced talks with the Exim Bank of Korea and some Chinese…
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Asia
Supreme Court puts Chennai port in the dock on dusty cargo
Chennai: The Chennai Port Trust (ChPT) has been directed by India’s Supreme Court to come up with a comprehensive proposal…
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Asia
New Delhi exempts vessel sharing pacts from ambit of competition watchdog
New Delhi: The Indian shipping industry has been spared an irritating bureaucratic procedure, with the Indian government exempting vessel sharing…
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Africa
Suezmax tanker fixtures show more loading in West Africa and the Caribbean
London: Crude-hungry Asian economies and US refiners are diversifying the sources of their crude oil imports – to the benefit of suezmax…
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