India Seeks Banks Financial Support for Inland Water Transport
The Inland Waterways Authority of India (IWAI) will involve banks for ensuring availability of financing options for the private players engaged in Inland Water Transport (IWT) sector. Financing and funding for Operation and Maintenance of IWT assets is a challenge for shippers, vessel operators and asset management firms as the banking sector is not yet ready with any customized financing option for the sector. Addressing the day-long Stakeholders Conference on Emerging Business opportunities in Inland Water Transport Sectorwas organized by IWAI at New Delhi…
Actisense Restructures Its Management Team
Marine electronic equipment provider Actisense has undergone an internal reorganization. Danny Thrasher, Head of Sales & Operations, has taken on the newly created role of Head of Sales & Marketing. Additionally, Mark Pay former Operations Supervisor, has been promoted to the role of Operations Manager. As the Head of Sales & Operations, Thrasher has been responsible for promoting the Actisense brand overseas as well as managing the internal operations team. In his new role as Head of Sales & Marketing, he will be aligning sales activities with the company’s global business development plans.
Ocean Network Express Calls APM Terminals Mumbai
NYK ARTEMIS, part of Ocean Network Express’s (ONE) PS3 service made its maiden call at APM Terminals’ Gateway Terminals of India (GTI) offers connectivity to the Far-east Asian ports along with United States West Coast ports of Oakland and Los Angeles. This is the first call by the newly established ONE line to Mumbai’s Nhava Sheva terminal. ONE was established in 2017 by the integration of three Japanese shipping companies - Kawasaki Kisen Kaisha Ltd ("K" Line), Mitsui O.S.K. Lines Ltd (MOL) and Nippon Yusen Kabushiki Kaisha (NYK).
HAROPA Re-elected Best Seaport in Europe in 2018
The port stakeholders and experts in the supply chain of the Asia-Pacific zone have renewed their trust to HAROPA for the 6th time (HAROPA is the 5th North-European port complex grouping together the ports of Le Havre, Rouen and Paris): HAROPA was awarded the trophy of “Best Seaport in Europe” on May 15th, in Shanghai in the course of the AFLAS evening party (Asian Freight, Logistics & Supply Chain Awards). HAROPA was in competition with the ports of Antwerp, Hamburg and Barcelona. This prize rewards all port places of HAROPA.
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.
India to be Global Hotspot for Cruise Shipping
The government of India is working on a policy to make India a global destination for cruise shipping and efforts are on to identify such circuits, besides a slew of steps, to boost infrastructure, Shipping Minister Nitin Gadkari has said. According to a report by Press Trust of India, a high-level task force has been appointed and top global consultants are drawing up blueprint for it. Five circuits each are being identified for international and domestic cruise services and a report is likely by May this year.
India's Box Trade to Grow Double Digits: Maersk
Maersk Line said that the growth of EXIM container trade of India in the current year is likely to be in two digits. The export-import container trade volume of India grew by 10% for the full year 2016, which was double of 2015, that too amid weak global trade. In 2017, the growth is likely to be in two digits provided that India maintains its growth in markets like the Middle East, Latin America and East Africa, enhancing its client portfolio and diversifying the risks, said Maersk in its 2016 Annual India Trade Report.
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.
New GL Garrad Hassan Representative in India
GL Garrad Hassan has appointed Mr Rajsekhar Budhavarapu as the new Country Manager of GL Garrad Hassan India. Mr Budhavarapu will be based in Bangalore, India and will develop local services and support for designers, manufacturers, developers and investors of renewable energy projects. Budhavarapu has 19 years of experience providing technical, operational and strategic leadership for the renewable energy industry. Before joining GL Garrad Hassan he worked for TERI, Asian Wind Turbines (NEG-Micon…
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.
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.
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…
India Teams up with Japan, South Korea on LNG
India plans to form an alliance with Japan and South Korea to buy liquefied natural gas (LNG) at "reasonable prices", the country's oil minister Dharmendra Pradhan said. India may soon rope China into the alliance as well, he said. A Reuter report quoted Dharmendra as saying: "For the next two to three decades, gas is going to be a major part of the energy basket for Asian energy consumers. State-owned GAIL Ltd is spearheading the talks, which follow a similar attempt in 2013, on India's behalf. Natural gas currently accounts for about 8 percent of India's overall energy mix.
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.
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.
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.
Road Ahead for India's Logistics Industry Post WB Report
India’s position to 35th rank in the latest bi-annual World Bank Logistics Performance Index (LPI) report will open many corridors of opportunities as industry will witness swift growth in international as well as inter-state freights, an effect of Union Government’s commitment to make India as a preferred destination for many global businesses. Noticeable in the government’s latest first of its kind facility in India, the implementation of logistics data tagging of containers to track cargo at the Jawaharlal Nehru Port (JNPT), Mumbai.
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.
India, Australia Begin First Joint Maritime Exercises
India and Australia have commenced the first bilateral maritime exercise, Ausindex15, in Visakhapatnam, India, strengthening defence cooperation between the countries. Building on the personal relationship of Prime Minister Modi and Prime Minister Abbott, the Minister for Defence, the Honourable Kevin Andrews MP, recently visited India to further develop, with his counterpart Minster Manohar Parrikar, the Framework for Security Cooperation. “India is the emerging democratic super power of Asia.
Bibby Adds New Deputy MD in India
Bibby Ship Management has welcomed Sanjiv Wagh as Deputy Managing Director of its India offices. With more than 30 years of industry experience, Wagh joins Bibby Ship Management from Kongsberg where he was General Sales Manager for Kongsberg Maritime India. During his time with Kongsberg, he occupied a number of roles covering research and development, ship simulation and analytics. Wagh will handle Bibby Ship Management India support functions and other operational areas within each local business.
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…
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.
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.
India Not Pressurized by US-China Deal
Indian Prime Minister Narendra Modi said a climate deal between the United States and China does not put pressure on India, but that global warming itself was reason to take action. India, the world's third largest carbon emitter, is reluctant to follow the United States and China in committing to a peak year for emissions on the grounds it needs economic growth to alleviate poverty. Instead, India has plans for a rapid expansion of renewable energy, for which it needs U.S. investment and technology, and improving energy efficiency. (Reporting by Sanjeev Miglani)
GAC celebrates 30 years in India
GAC India has celebrated 30 years of operation in the country with an event held at the Trident, Bandra Kurla Complex. GAC Shipping (India) Pvt. Ltd. was the first GAC office to open in the Indian Subcontinent. Operations began in 1985 with the first agency appointment for a vessel calling at Mangalore. From just two staff working from an office in Cochin back then, GAC India has now grown into a company with close to 400 employees nationwide. Fredrik Nyström, Group Vice President…
Buyers Seek US Waivers to Buy Iranian Oil amid New Sanctions
South Korea said on Wednesday it would seek U.S. exemptions to buy Iranian oil, a path many big oil consumers are likely to follow in the wake of new U.S. sanctions on Tehran, which will tighten world oil markets and push up prices.Iran is the third-largest oil producer in the Organization of the Petroleum Exporting Countries (OPEC) and a key supplier, especially to refiners in Asia.The United States plans to impose new unilateral sanctions after abandoning an agreement reached in late 2015 which limited Iran's nuclear ambitions in exchange for removing joint U.S.-Europe sanctions…