India
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Asia
New Delhi spending to develop strategic Iranian port
New Delhi approved yesterday plans to spend $150m developing Chabahar port in neighbouring Iran. Discussions to develop the port in…
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Asia
SIVA Shipping denies insolvency reports
Senior management at SIVA Shipping have denied reports carried by Bloomberg and carried in local Singapore media today that is…
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Asia
Varun offloads cheap aframax to Eurotankers
There’s plenty of action in the aframax S&P sector at present. Brokers report India’s Varun Shipping has got its 2006-built…
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Asia
Investors sought to take over India’s largest private yard
Negotiations are underway to sell a majority stake in India’s largest private shipbuilder. A 51% stake is on offer at…
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Asia
Indian conglomerate eyes distressed port assets
Diverse Indian conglomerate JSW Group is after distressed local ports assets, its CFO has told Reuters. The group, which has…
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Asia
Indian government to showcase maritime projects for foreign investors
For shipowners clinging on to whatever glimmer of hope is out there in the global economy, India is held by…
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Asia
Greka Drilling awarded contract by Essar Oil
Greka Drilling has announced that it has been awarded a new contract to provide drilling services on the Raniganj East…
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Asia
State-run bank takes over India’s Karaikal port
State-run Indian Bank has taken control of the port of Karaikal after Marg, its developer, failed to pay back loans.…
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Asia
Shipbreaking NGOs blast ‘hypocritical’ Maersk
Campaigners NGO Shipbreaking Platform and Transport and Environment (T&E) have criticised the Maersk Group’s plans to demolish its old vessels…
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Asia
Maersk will support green initiatives in Alang
Having helped shape the green image of Chinese ship recycling, Maersk is now looking to transform Alang, home to the…
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Asia
Mercator offloads dry bulk subsidiary for nominal S$3
$2.16. That’s the nominal US dollar sum India’s Mercator has sold its dry bulk subsidiary for today in Singapore at…
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Asia
McKinsey upbeat on Indian trade prospects
Shipowners looking for a rare bright spot could take some solace from a report by consultants McKinsey & Co on…
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Asia
‘Waterways will be a game changer for the Indian economy,’ shipping minister proclaims
India’s shipping ministry is pushing for more cash from New Delhi to upgrade the nation’s waterways. Last year, the Narendra…
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Asia
Seven Islands reportedly in for $50m product carrier quartet
India’s Seven Islands Shipping has swooped for four product carriers from Koenig & Cie, according to brokers. Officials from Seven…
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Asia
Mercator’s creditors take five bulkers
The judicial manager appointed to oversee the bankruptcy of Mercator Lines (Singapore) has announced five ships of the listed dry…
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Asia
ITF to pay for legal support of jailed Seaman Guard Ohio crew
The ITF (International Transport Workers’ Federation) is to pay for legal support for the court appeal of the ship’s crewmembers…
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Asia
New Delhi to tender for three new ports
Tenders are due to be launched by the shipping ministry in the next six weeks to develop three Indian greenfield…
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Asia
Fleet sale on the cards for Mercator’s bulkers
In further updates to yesterday’s news that India’s Mercator has decided to wind up its Singapore dry bulk business, the…
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Asia
Mercator quits dry bulk
Mercator Lines (Singapore) (MLS) is exiting dry bulk. The Singapore-listed arm of the Indian owner outlined plans to divest itself…
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Asia
India to launch local P&I Club
An Indian P&I Club is on the cards as part of New Delhi’s ‘Made in India’ drive. The government is…
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