Mundra Port, Port of Montreal Sign Cooperative Agreement
On a trade mission to India, the Montreal Port Authority (MPA) has signed a Cooperative Agreement with Mundra Port, Gujarat State, north of Mumbai. This agreement aims to develop cooperation in marketing and business development while sharing information on marine operations and industry best practices. Mundra Port is India’s largest commercial port. A diversified port, it handles liquid and dry bulk and more than three million TEUs in annual container traffic. It is operated by Adani Ports and Special Economic Zone Limited (APSEZ).
India's Oil Imports Reach Record High in January
India imported a record 4.93 million barrels of oil per day (bpd) in January to feed its expanded refining capacity and meet rising demand, ship tracking data obtained from sources and data compiled by Thomson Reuters Oil Research & Forecasts showed. The world's third-biggest oil importer shipped in 13.6 percent more oil in January than a year earlier and about 12.5 percent more than the previous month, the data showed. Imports in January were high as state-run refiners, which operate two-third of India's nearly 5 million bpd capacity…
Sale of Entire Public Stake in DCIL
The Government of India has decided to sell off its entire public stake in Dredging Corporation of India (DCIL), said the Minister of State for Shipping Mansukh L Mandaviya. This decision aims to upgrade technology, improve capability, infuse capital to buy necessary dredgers/equipments and instill experienced professional management to optimize operations of the DCIL, Indian public sector unit engaged in the business of dredging. The Department of Investment and Public Asset…
'Make in India’ - the Newbuzzword in Indian Shipping Sector
The government is aggressively promoting the adoption of ‘Make in India’ campaign including the shipping and port sectors. The Ministry is aiming to raise cargo and passenger movement through waterways from the current five per cent to 30 per cent in the next 15 years. This means that there will be demand for more coastal ships, barges and passenger vessels, which would offer more opportunities to local shipyards. India plans to build seven ports by 2017, using 7.6 billion in public and private funds.
Maersk Training Bullsh on India
Maersk Training, part of the Denmark based A.P. Moller-Maersk, is betting on the Indian training centre, reports the Hindu. India is one of the 10 Centre’s that is making profits. "While other Maersk training centres are facing issues due to downturn in maritime and oil and gas sectors, India is doing a good job by balancing it. We are ready to provide them a helping hand so that they can tap into global talent pool of trainers to get information, knowledge and content to offer high end and niche courses in oil and gas sector…
Indian PM Narendra Modi Lays Foundation Stone For JNPT Fourth Countainer Terminal
India's biggest container traffic handler Jawaharlal Nehru Port (JNPT) has achieved yet another milestone in its ambitious journey to become a world class maritime hub when the Prime Minister Narendra Modi laid the foundation stone for the fourth container terminal, proposed to be developed at an estimated cost of Rs. 7915 Crores (USD 1.23 bln) on DBFOT basis. Modi arrived at the JNPT Helipad- accompanied by the Maharashtra Governor Ch. Vidyasagar Rao, Union Minister of Shipping, Road Transport & Highways Nitin Gadkari, the state Chief Minister Devendra Fadanvis and other dignitaries.
Port of Antwerp Opens New Training Centre in India
Indian port professionals who follow courses given in Mumbai by APEC, the port of Antwerp training centre, can now benefit from a purpose-built training facility. The new facility was officially opened on Monday this week during the annual Port of Antwerp Mission to India, in the presence of Belgian deputy prime minister Alexander De Croo, port alderman Marc Van Peel, APEC principal Kristof Waterschoot, JNPT chairman Shri Neeraj Bansal and Indian Port Association chairman Shri Sanjay Bhatia.
Allcargo Acquires 2 Vessels for Coastal Operations
Allcargo Logistics has announced the acquisition of two additional vessels aggregating 24000 DWT. for its coastal shipping business. Post this acquisition Allcargo now owns a total of five cargo vessels making it one of the largest players in the logistics industry. The main criterion for this acquisition was to cater to the growing requirements not only of coastal shipping but regional trade and commerce as well. India has over 7,000 km of coastline. Considering India’s demography and strategic location as a global trade hub…
Morén Rejoins MJP
Marine Jet Power (MJP) welcomed Nils Morén as International Sales Manager responsible for sales in Israel, India, Taiwan and South Korea. In this role Nils will be responsible for business development and customer relations, reporting to MJP CEO, Magnus Sörenson. Nils originally joined MJP in 1996, during which time he was mainly responsible for sales for 14 years. During his tenure Nils was a key player and helped secure many notable contracts including orders worldwide. Most…
Northern Offshore Sells Semi-Sub
Northern Offshore announces it has sold its semisubmersible Energy Driller to an unnamed party for conversion to alternative use. The unit had previously been cold stacked at a shipyard in Bahrain following completion of a term drilling contract in India. Northern Offshore previously sold the drillship Energy Searcher in late 2016. Chairman and (Interim) CEO Dr. Northern Offshore is a global offshore drilling company historically operating in the North Sea, West Africa, South Asia, Near East and Southeast Asia.
MJP Welcomes Back Morén as International Sales Manager
Marine Jet Power (MJP) has welcomed Nils Morén as International Sales Manager responsible for sales in Israel, India, Taiwan and South Korea. In this role Nils will be responsible for business development and customer relations, reporting to MJP CEO, Magnus Sörenson. Morén originally joined MJP in 1996, during which time he was mainly responsible for sales for 14 years. During his tenure Morén was a key player and helped secure many notable contracts including orders worldwide.
Indian Merchant Navy Roadshow Targets University Cities
The Maritime Training and Research Foundation (MTRF) in India is unleashing a nationwide roadshow across Indian university cities to ramp up greater awareness of careers within the nation’s merchant navy. The roadshow will visit cities including Dehradun, Kolkata, Patna, Chennai, Poona and Chandigarh. It will see free career guidance given to Indian students keen on working as merchant navy officers across various categories aboard specialized cargo ships. MTRF is promoted by India’s apex shipping trade body - Maritime Association of Shipowners, Shipmanagers and Agents (MASSA).
Indian Cabinet Clears Changes in Major Port Authorities Bill 2016
Indian's Union Cabinet has approved the incorporation of the official amendments to the Major Port Authorities Bill 2016, which is pending in the Parliament. The Amendments are based on the recommendations of the department related parliamentary standing committee. The changes sought include the number of the labour representatives to be appointed in the Port Authority Board among the serving employees of the Port has been increased from one to two, among others. The Board of…
ST Engineering Injects Capital into Leeboy India
Singapore Technologies Engineering Ltd (ST Engineering) announced today that its land systems arm, Singapore Technologies Kinetics Ltd has injected S$4.2m (equivalent to INR200m) into its wholly owned subsidiary, SDG Kinetics Pte Ltd (SDGK), for flowthrough capital injection into LeeBoy India Construction Equipment Private Limited (LeeBoy India) to provide working capital for LeeBoy India’s operations in India. At the same time, SDGK has purchased shares worth INR9.4m (approximately S$0.2m), approximately 1.2% of LeeBoy India’s total share capital, from LeeBoy India’s management staff.
DP World, India’s NIIF to Create USD 3 bln Investment Platform
The National Investment and Infrastructure Fund (NIIF), India’s first sovereign wealth fund, and Dubai-based ports operator DP World have announced the creation of an investment platform to invest up to $3 billion in ports, terminals, transportation and logistics businesses in India. The partnership follows the Memorandum of Understanding (MoU) signed in May 2017 and the visit to India of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, in February 2016.
Opening of SMM Int’l Trade Fair, India
The world has come to recognize the potential of the Indian shipping industry, its capability to innovate and grow on the global stage, said APVN Sarma, former Secretary, Shipping, at the inaugural SMM India, shipbuilding, machinery & marine technology trade fair and exhibition. “The SMM exhibition is being organised at a very appropriate time”, said Arun K Mago, Chairman, Advisory Council, SMM India 2009. Mago said, “Though India and China were not affected as much as by other developed countries, it has had an adverse affect on the shipping trade.
Hamburg to India Liner Service Upgraded
Within the EU the Port of Hamburg is one of India’s most important commercial partners in seaborne foreign trade. In November the Hamburg Joint Representative Office in Mumbai was officially opened. This is designed to strengthen economic, but also cultural and academic links between the two countries. Supported by Port of Hamburg Marketing, the Hamburg Senate and the Hamburg Chamber of Commerce and already functioning since the beginning of this year, the Representative Office is regarded as the contact point for representatives of the worlds of politics…
Maersk Wins Two Multimodal Logistics Awards
Mumbai, 16th March, 2016: Maersk Line India wins Container Operator of the Year & Container Shipping Line of the Year – North India – Africa trade lane the Northern India Multimodal Logistics Awards 2016. These awards were conferred to Maersk Line India at the 7th edition of CONquest 2016, conducted in association with Northern India Multimodal Logistics Awards on 11th March at the Le Meridien hotel, New Delhi. Mr. Julian Bevis - Senior Director (Group Relations South Asia, A P Moller Maersk), received the awards on behalf of Maersk Line.
Volvo Penta India Wins Large Order
Volvo Penta India won an order for 40 D12MH-350 engines from Sesa Goa for powering their iron ore barges which will ply in Mandovi & Zuari Rivers in Goa, on west coast of India. Volvo Penta is the first imported engine manufacturer in India to offer IRS (India Register of Shipping) approved engines. Sesa Goa is India’s largest producer and exporter of iron ore in the private sector. As a first phase of their fleet expansion plan Sesa Goa will induct 20 barges powered by Volvo Penta 2 x D12MH-350 engines. The IRS inspected engines will be delivered from October 2010 to March 2011.
Inchcape Shipping Re-Launches GOA Office
Akbar Khan, Vice President, Government Services Division, Inchcape Shipping Services Middle East, India & Africa, attended the re-launching of ISS’ Goa office. ISS resumed port agency operations in India in June 2005. The firm’s origins lie in Calcutta where forebears, Mackinnnon, Mackenzie & Co., commenced ships agency services in 1847. ISS India now has countrywide representation at all the major Indian ports handling a variety of commodities and a wide cross section of vessel types. Marine services include offshore support and Government Services activities throughout India.
LOC Establishes Mumbai Office
London Offshore Consultants (LOC) has opened an office in the district of Vile Parle East in Mumbai, India. Paul Miles, Regional Head of the Middle East, India and Caspian for the LOC Group said, “We have recruited Rohan Murray who is a marine engineer and Captain Valentine Dias as a marine consultant with Mark Lomas and I overseeing the management during the initial stages. Mark Lomas is the Director of LOC Middle East and India. Miles added, “LOC has been very active in India for a number of years and we are very optimistic that this office will grow in the current expanding market.
INMEX and SMM India on the Crest of a Wave
Taking advantage of the expected growth the Indian maritime industry is set to witness over the next six years, Informa Exhibitions, organizers of INMEX India, has entered in to a strategic collaboration with Hamburg Messe und Congress GmbH, organizers of SMM India, to form South Asia’s largest and most important maritime exhibition and conference. The unified edition of INMEX SMM India will take place on 23 – 25 September 2015, at the Bombay Exhibition Centre, providing the maritime sector with the best of both events using synergies on one integrated platform.
Germany Looking to Dock Submarine Deal with India
The German Defense Minister Ursula von der Leyen is visiting India lobbying for the purchase of German Stealth Submarines and European military hardware, say local media. Sources said that Ursula talked of Eurofighter and [HDW] submarines in her discussions with Indian Defence Minister Manohar Parrikar. India reportedly asked Germany what all it could offer if a direct deal was struck between the two countries on next-generation submarines. The move comes after India recently announced to buy 36 Rafale fighter jets from France.
India to Lease New Nuclear Submarine from Russia
India is in final talks with Russia to lease a new nuclear attack submarine, giving a much needed boost to its depleting underwater fleet, the Times of India reported. A decision, according to Indian analysts, will be taken during a meeting between Prime Minister Narendra Modi and President Vladimir Putin at the BRICS summit in Ufa. The Modi-led government is looking to lease a newly built, customized submarine, unlike in the past when older vessels were refurbished and handed over to India.
Iran Offers India Bigger Role in Developing Port of Chabahar
The port of Chabahar in southeast Iran is central to India's efforts to circumvent arch-rival Pakistan and open up a route to landlocked Afghanistan where it has developed close security ties and economic interests. According to a Reuter's report, Iranian President Hassan Rouhani has asked India to invest in infrastructure projects worth $8 billion, including an expanded role in developing a strategic port that will open up access to Central Asia, Iran's envoy to New Delhi Gholamreza Ansari said.
Dredging Opportunities in Indian Waters
The Dredging Conference organized by Hinode in Kolkata on Thursday, January 21, 2016 will spotlight the vast opportunities that exists for dredging companies and other allied agencies in Inland Waters waters. The event is set to take place at the Park Hotel, 17 Park Street, Kolkata 700016. Kolkata occupies a special place as a major Riverine Port and Inland Waterways hub and the mouth of the Ganges River. Being an exclusive program and considering Indian Government plans now underway for interlinking rivers…