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...
August 13th, 20190One person drowned and 13 others suffered burn injuries after a major fire swept through an offshore support vessel in Indian waters yesterday, forcing the crew to jump into the sea. Another member of the 29-strong crew of the ship , hired by oil major Hindustan Petroleum Corporation, was reported as missing. At least five of the...
August 12th, 20191Surveys are ongoing to assess the damage to the 10,106 teu after yet another container fire ripped through the aft of the boxship on Friday evening. The ship was en route from Karachi to Mumbai when a fire was reported in six containers located in the aft section near the accommodation block. The Indian Coast Guard was called out,...
August 2nd, 20190India is on course to overtake China as the world’s largest importer of coking coal as soon as next year, according to Australian producers. Imports of the commodity are expected to reach 67m tons in 2020, against 64m this year, while China should see its imports drop to 64m from 68m, according to the latest report from Alphabulk, a...
August 1st, 20190Dubai-headquartered offshore driller Shelf Drilling has been awarded contracts by India’s ONGC for jackup rigs C.E. Thornton and F.G. McClintock. The rigs will commence operations in the fourth quarter for a period of three years. They will be located in Mumbai High, offshore India. Shelf Drilling had a busy July securing...
July 15th, 20192India’s limited VLCC fleet has been exposed with the latest chartering news from Indian Oil Corporation (IOC). IOC selected Japan’s Nissen Kaiun for a lucrative seven-year VLCC charter, after Indian owners were given first right of refusal to match the rate but failed to do so. IOC will pay Nissen Kaiun $31,950 per day for the...
