December 10th, 20180The murky, deadly world of shipbreaking just became a bit brighter with the launch today of a new online platform called the Ship Recycling Transparency Initiative (SRTI) where owners, shippers and financiers can get a picture of who is the best at recycling their ships.
Industry leaders and non-profit the Sustainable Shipping...
December 10th, 20180One of most famous VLCCs of all time has changed hands. The 2006-built , owned by India’s Mercator, has been sold for $34m after much interest from Greek buyers. The ship is understood to have been bought by Greece’s NG Moundreas.
The Chinese-built Nerissa achieved fame when it was sold 10 years ago for $170m, one of the highest...
November 30th, 20180Indian owner Mercator has announced the sale of its 1993-built MR2 tanker .
The vessel was sold for Rs28.54 crore ($4.1m) and it is believed it will be scrapped in Bangladesh.
Mercator will use the proceeds from the sale, which reduces its fleet to five vessels, to meet its debt obligations.
November 27th, 20180After much haggling state-run rail operator Container Corporation of India (CONCOR) has picked Vishwa Samudra Coastal Lines to launch new coastal shipping services from January, in a bid to help New Delhi’s drive to decongest the country’s overburdened road and rail network.
Vishwa Samudra is 60% held by Seaport Cargo Logistics, a...
November 21st, 20180Alleged anti-competitive practices are under investigation at India’s largest boxport as rival terminal operators clash.
The Competition Commission of India (CCI) is looking into alleged anti-competitive practices by APM Terminals and Dubai's DP World at the terminals they operate in Mumbai, according to Reuters.
The probe...
November 19th, 20180Ennore port in India is handling another damaging oil spill today. The product tanker was discharging oil at the port when a hose snapped at 04:00 on Sunday morning with around two tonnes of furnace oil spilling into the water.
The coast guard has been working to contain the spill with a boom, three vessels and a helicopter...
October 31st, 20180India’s shipping minister Nitin Gadkari set out some shipbuilding goals for the country while attending the groundbreaking ceremony of the new 310 m long drydock at state-run Cochin Shipyard.
The world’s second most populous nation is a long way behind Asian rivals, something that Gadkari acknowledged.
While India has 25...
October 29th, 20180India’s largest state-run shipbuilder Cochin Shipyard will start construction of a new dry dock this week as it looks to expand its shipbuilding capacity to cater for potential demand for higher specification vessel construction and repair.
The new dry dock, which will be the shipyard’s third, will help Cochin Shipyard diversify...
October 26th, 20180India is finally flexing its financial muscles and getting port investments fixed with its neighbours. Splash reported earlier this week how New Delhi has committed to invest in the Myanmar port of Sittwe on the Bay of Bengal. Also, this week India held trilateral talks with Afganistan and Iran to advance development at the Iranian port...
October 24th, 20180A ship that arguably drew more attention to the plight of crew abandonment than any other has finally left UK shores to restart work under new owners.
The OSV was arrested in Great Yarmouth in June 2016 over its Indian owner’s unpaid port fees and crew wages.
The crew’s hardships were covered extensively in the mainstream...
