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...
July 10th, 20191Having carried out similar campaigns in places such as Nigeria and the Suez Canal, the Maritime Anti-Corruption Network (MACN) is now turning its attention to India. The global business network led by Cecilia Müller Torbrand has this month launched a port integrity campaign in India. The campaign, which aims to reduce and in the...
June 20th, 20190Japan’s Mitsui OSK Lines (MOL) has secured a short-term charter agreement from India’s main natural gas company, GAIL, for one of its LNG carriers. No further specifics have been revealed about the deal. MOL tends to focus on long-term charters when it comes to its LNG division. Like compatriot Nippon Yusen Kaisha (NYK) it has...
June 19th, 20190Indian owner Seven Islands Shipping buying spree continues, completing its fourth purchase this year. More ships are in the pipeline, as the company is inspecting ships attempting to live up to a recently won award, bestowed with the honour of Highest Growth of Indian Flag Vessels at the recent 55th National Maritime Day...
June 7th, 20190India’s Allcargo Logistics has quit shipowning and the coastal shipping business with the sale of the last vessel of what had been a five-ship strong fleet. “The growth in coastal bulk shipping has remained slow. Consequently, the segment did not contribute significantly in line with our outlook through the last seven years. This...
