-
Asia
Larsen & Toubro signs LNG shipbuilding pact with Hyundai Heavy Industries
Mumbai: Engineering and shipping major Larsen & Toubro (L&T) has signed a crucial technology transfer agreement with South Korea’s Hyundai…
Read More » -
Asia
GAIL looks to buy Dabhol LNG terminal
Mumbai: State-owned GAIL India Ltd has put in a bid of INR24bn ($375m) to buy the 5m tonnes per annum…
Read More » -
Asia
Cochin Shipyard boss calls for tax cuts at Indian shipyards
Kochi: Cochin Shipyard chairman, Commodore K Subramanian (Retd), has decried the hefty tax regime on shipyards and their ancillaries, that…
Read More » -
Asia
ONGC seeks to step up output from western offshore fields
Mumbai: Explorer-producer Oil & Natural Gas Corporation (ONGC) is to invest INR250bn ($3.91bn) in its western offshore fields, stretching from…
Read More » -
Asia
Richard Branson to oppose Adani in Australia coal project
Mumbai: Flamboyant billionaire Richard Branson, promoter of the Virgin group of companies, has displayed his new feathers as an environmental…
Read More » -
Asia
Adani Group’s Vizhinjam port bid ratified by state review panel
Thiruvananthapuram: An empowered committee headed by the Kerala state Chief Secretary has recommended to the state cabinet the lone bid…
Read More » -
Asia
Naveen Jindal summoned to court as coal fraud case hots up
New Delhi: Industrialist and senior Congress leader Naveen Jindal and 14 others have been summoned to court on May 22 in…
Read More » -
Asia
Shipping ministry to sign funding deal for major Indian port projects
New Delhi: India’s Shipping ministry is on the point of signing an agreement with India Infrastructure Finance Company (IIFCL) that…
Read More » -
Asia
Petronet LNG feels the heat of lower gas prices
New Delhi: Indian public sector gas importer Petronet LNG is feeling the heat of prevalent lower gas prices, leading to…
Read More » -
Asia
India’s Inland Waterways Bill moved in parliament
New Delhi: The Bill to convert 101 rivers across India into waterways was tabled in the Lok Sabha, India’s Lower…
Read More » -
Asia
First section of Colombo Port’s South Harbour thrown open
Colombo: The 400-metre long first section of the East Terminal at Colombo Port’s South Harbour was thrown open by Minister…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More »