The ratings of Pratibha Shipping was suspended by India Ratings as the former failed to provide adequate information on its current debt repayment and status of operations of its various vessels. In the absence of these information, the rating agency is unable to make an assessment of the com
Tag: fleet
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DGS says financially strained Pratibha may trim fleet size
Citing financial difficulties, shipping firm Pratibha Shipping considers to reduce its fleet size. According to the Directorate General of Shipping (DGS), as part of the plan, the company, which owns nine oil tankers, plans either to sell or scrap five vessels. The company anchored a total of three vessels Ăâ Koyna at a port in Bahrain, and Chandrabhaga and Narmada in Chinese shipyards in foreign shores, with owne
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GE Shipping to buy energy efficient vessel
Great Eastern Shipping Company (GE Shipping), which has a fleet size of 33 vessels, plans to add fuel efficient tankers with new eco design features that would be compliant with Energy Efficiency Design Index requirements. In this regard, the company, has placed an order for a new Medium Range Product Tanker of about 50,000 dwt with
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SCI takes delivery of vessel
The Shipping Corporation of India received a high end diesel electric Platform Supply Vessel, ĂâSCI YamunaĂâ from the Cochin Shipyard (CSL).This is said to be the second and the last of the series of high tech Rolls Royce series of Platform Supply Vessel. SCI said that the earlier ships of the series delivered by CSL were performing exceedingly well and good reports have
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RMC increases buses in BRTS corridor
In order to increase the frequency of bus service, the Rajkot Municipal Corporation (RMC) has introduced two more air-conditioned buses on its Bus Rapid Transit System (BRT
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