In a press release, the Great Eastern Shipping Company has informed the BSE that the Company has placed an order for building three new Kamsarmax dry bulk carriers with Jiangsu Yangzijiang Shipbuilding Group, China. The 3 vessels are expected to join the Company's fleet in 2Q and 3Q of CY 16.
Tag: order
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L&T Shipbuilding bags Qatar firm order for Rs 943 cr
Larsen & Toubro's subsidiary, L&T Shipbuilding on December 12 said it has received a repeat order for six specialised commercial vessels valued at USD154 million (INR943 crore), from a Qatar-based firm.
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Govt issues GO facilitating mercantile marine activity
The Union Ministry of Shipping has issued an order to facilitate trade using inland waterways and mercantile marine activity along coasts. The Directorate General of Shipping (DGS) has issued an order declaring waters inward of the baseline, as per the notification under Maritime Zone Act, as 'Inland Waters'.
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MSRDC withdraws toll rebate to Thane locals
In Thane area, the order on rebate on toll given to local residents by the Maharashtra State Road Development Corporation (MSRDC) is said to have overturned. The order had granted toll concessions to people living near toll booths. The MSRDC officials were under pressure from toll contractors, it is said. The reversal, which happened within a few weeks after an executive engineer issued the order on rebate, is a blatant violation of a government resolution (GR) issued in 2009 granting the toll c
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GAIL studies impact of tariff order
GAIL India is studying the impact of the recent tariff order by the Petroleum and Natural Gas Regulatory Board (PNGRB) on its financial position. Some reports indicate that the May 10 order of PNGRB may cause Rs 500 crore loss for the company. In its order, the downstream regulator retrospectively reduced the tariff charged by GAIL for its Krishna Goda
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House panel asks SCI to review fleet plan
The Parliamentary Standing Committee on Transport, Tourism and Culture asked the state-run Shipping Corporation of India (SCI) to review its fleet acquisition orders already placed. SCI decided to acquire 62 vessels based on the resources available for such a huge procurement rather than based on need, the committee said. The committee feels that SCI's fleet acquisition order may lead the firm into financial trouble like Air India. While the company intended to buy 62 vessels during the
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HSL may get contracts worth Rs 250 bn
Hindusthan Shipyard (HSL), which has been suffering from lack of orders, may get contracts worth Rs 25,000 crore from the central government, Union Minister of State for Defence Jitendra Singh informed. The state-run shipbuilding firm may get the contracts for building war ships, the minister said. Earlier, T Subbarami Reddy, a member of the Rajya Sab
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Haryana govt may explore legal option against CEA order
The order of the Central Electricity Regulatory Commission (CERC) allowing Adani Power to charge "compensatory" tariffs for electricity from its Mundra plant has not gone down well with Haryana government. The state government plans to take legal action against the CERC order as it feels that the order violates the p
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Kolkata Port extends deadline for application
Kolkata Port Trust extended the deadline for filing applications for the proposed Rs 1,500-crore 1.2-million-TEU container terminal at Diamond Harbour till February 28. This is the second time that the port trust is extending the deadline after the tender was floated in Oct
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Consultant suggests to accept bid for Rs 37 bn terminal project
According to media reports, the consultant for the Rs 3,700-crore mega container terminal project in Chennai Port (ChPT) advised the port to accept the revenue share offered by Essar Ports. Essar Ports, which was the lone bidder for the project, offered 5.25 percent revenue share, which the port considers to
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