The first ever Maritime India Summit in Mumbai has resulted in attracting investments worth Rs 82,905 crores ($12.5 billion), says the Ministry of Shipping. A total of 141 MoUs and Business Agreements were signed by various players in maritime sector including Major Ports…
Hong Kong bulker Pacific Basin has proposed a one-for-one rights issue in a bid to raise approximately $150.6m for strengthening its long term equity capital. The shipping company plans to sell around 1.9 billion rights shares at a price of HKD0…
A South Korean Car carrier Ocean Tango was grounded by a storm which battered Busan, Korea, on Apr 17. The 2,736 dwt Vessel was docked at Yeong-gu area, reportedly fuel tanks were damaged with ensuing fuel leak. Present condition of vessel unknown…
Italy went to the polls on Sunday for a referendum on off-shore oil and gas drilling rights, a complex issue that the government hopes voters will shun.For the ballot to be valid, more than 50 percent of the Italian electorate must vote…
The crew of the Coast Guard Cutter Isaac Mayo repatriated 39 Cuban migrants to Bahia de Cabañas, Cuba, Saturday.On Monday, the Coast Guard Cutter Isaac Mayo crew located a rustic vessel northwest of Havana, Cuba, with 39 suspected Cuban migrants aboard and safely embarked all of the migrants…
Fijian dignitaries and troops have formally farewelled Australian Defence Force personnel who have provided humanitarian support and undertaken disaster relief work following Tropical Cyclone Winston.For almost two months ADF personnel have…
An ambitious project to help mitigate the harmful effects of climate change has been kick-started by IMO with a call for formal expressions of interest to host centres to promote cooperation in the field of maritime technology.The joint IMO – European Union project…
The port of Antwerp handled 53,265,552 metric tons of freight in the first three months of this year, 3.9 percent more than in the same period last year. The container volume in TEU did particularly well with growth of 4.6 percent, while liquid bulk rose to new heights with growth of 10…
Vedanta Limited, India’s only diversified natural resources company today received the ‘Letter of Award’ for Redevelopment of Berth No.8, 9 and Barge Berths at Port of Mormugao, Goa (‘Project’) on Design, Build, Finance, Operate and Transfer (DBFOT) Basis…
Austal USA remains one of the safest shipyards in the country the Shipbuilders Council of America (SCA) announced Mar. 7.Austal’s hard-earned workplace safety record has been recognized, yet again, by the SCA with both the 2015 Award for…
Four Indonesian sailors have been kidnapped by a group of armed men when their vessels was hijacked between the Malaysian and Philippine waterways on Friday evening (Apr 15). According to a statement from the Indonesian Foreign Ministry…
BIMCO has shared the two critical issues at the top of its own priority list ahead of the IMO’s Marine Environment Protection Committee (MEPC) meeting next week. These are: (1) approving a mandatory data collection system for fuel used…
Indian Shipping Ministry is targeting to get investments worth $60 billion (nearly Rs 3.99 lakh crore) for a five-year term for 240 projects for the success of the ambitious Sagarmala project. The maiden Maritime India Summit 2016 in Mumbai…
As part of its aggressive plans for port-led development, Union Shipping and Ports Minister Nitin Gadkari said he is looking to add eight major ports to the already existing 12, according to a report by Press Trust of India. 'We are planning to add eight new major ports…
India government will speed up the ambitious Sagarmala project from 10 years to five years, said Nitin Gadkari, Minister of Road Transport, Highways and Shipping. “Following Prime Minister Narendra Modi’s intervention, it has been decided…