November 11th, 20190India’s Great Eastern Shipping has emerged as the buyer of two 14-year-old, 159,000 dwt suezmaxes, the and the . The two ships were previously owned by Konig & Cie and fetched a price of $23m each, according to Advanced Shipping & Trading. Chatter about the ships started in July when they were linked to Bob Burke's...
November 1st, 20190Seven Islands Shipping’s purchasing spree continues with its tenth purchase in the last 12 months. Broker sources tell Splash that India’s fastest growing tanker owner has sealed yet another deal, adding its tenth handy tanker since November lat year, paying $8m for the 14-year-old 35,200 dwt . The Chinese-built vessel has been...
October 23rd, 20196India has become the world’s first country to ban single use plastics on ships, with China widely tipped to follow suit and the matter up for further discussion at the International Maritime Organization (IMO). The Indian ban from January 1 relates to all ships calling Indian ports, or transiting Indian waters. Products on the...
October 10th, 20190Dubai-headquartered Shelf Drilling has been awarded a three-year contract by Oil and Natural Gas Corporation (ONGC) for 1976-built jackup rig . The rig will be operating in the Mumbai High, offshore India, and planned start-up is scheduled for the first quarter of 2020. Shelf Drilling currently operates a fleet of 37 jackup...
October 2nd, 20190New Delhi is looking to privatise flagship carrier Shipping Corporation of India’s (SCI) as part of a wider privatisation program for a number of key state assets. The government has a 63.75% stake in the shipping line, which has a diverse fleet of 64 ships as well as significant real estate holdings in Mumbai. The privatisation...
September 11th, 20190Indian owner Seven Islands continues its buying spree on the sale and purchase market, acquiring the 2002-built 46,000 dwt MR tanker from Singapore's Eastern Pacific Shipping. According to shipbroking sources, the Japanese-built tanker was sold for a price of $7.7m. It is the ninth vessel Seven Islands has acquired this year. FIH...
September 6th, 20193The Hindu Business Line, one of India’s premier financial newspapers, is reporting New Delhi is contemplating not imposing the global sulphur cap - due to start in 117 days - for ships plying domestic waters. A similar mooted move was floated by Indonesian authorities six weeks ago, before Jakarta stepped back into line with the...
August 26th, 20190France and India are joining forces to create the world’s first space-based automatic identification system (AIS) to track merchant ships on a real-time basis. Jean-Yves Le Gall, president of France’s Centre National d'Etudes Spatiales and K Sivan, chairman of the Indian Space Research Organisation, have signed an agreement to...
August 23rd, 20190Larsen & Toubro’s L&T Hydrocarbon Engineering in consortium with Subsea 7’s Emas AMC have been awarded an engineering, procurement, construction and installation project by Saudi Aramco. The project consists of 28 offshore jackets for the Zuluf, Marjan, Sfaniya and Ribyan fields offshore Saudi Arabia. LTHE will utilise...
August 21st, 20190Maersk has formed a strategic partnership with Indian digital trucking marketplace solutions startup BlackBuck to provide an online marketplace for containerised trucking in and out of the world’s second most populous nation. Maersk and BlackBuck said they are looking to address key local trucking challenges together around...
