Sources from the union shipping ministry informed that the discontinuation of the joint venture between Shipping Corporation of India (SCI) and Irano Hind Shipping Company would add seven ships to the former's fleet. SCI will get the seven vessels as it agreed to repay the loans of the joint venture. It is learnt that the joint ventu
Tag: ships
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Kerala govt plays down warning on disruption in services
The Port Department of Kerala government denied there would be any disruption in ferry services as boats and other ships were in the process of renewing their annual licences. Sources from the department informed that the boats and ships using the port waters may renew their licences annually and the process was
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CSL making 20 vessels for ICG
Cochin Shipyard (CSL) is making a series of 20 fast patrol vessel (FPV) for the Indian Coast Guard (ICG). ICG awarded the contract to CSL in 2010 and the delivery of the last vessel is slated for 2017. CSL recently launched the second FPV - Abheek - for the guard. The vessels have a designed speed of 33 knots. The vessels are useful for fisheries protection and monitoring, cost
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Shipping firms welcome budget 2013-14
Domestic shipping companies expressed satisfaction with the Union Budget 2013-14 as it announced some tax sops for shipbuilders and import of ships. The budget removed the countervailing duty (CVD) on imported ships since most Indian shipping companies get their vessels manufactured outside the country. Further, the budget also removed the excise duty on the
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Essar Ports handles 180 ships in Oct-Dec 2012
During the third quarter of FY13, the company's terminals handled a “record” 180 ships, as against 114 ships handled for the corresponding quarter of last year. Meanwhile, the port aims to raise its cargo handling capacity to 158 million tonne per annum from the present 104 mn t
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Centre receives plea to remove custom duty on ship breaking
Union Finance Minister P Chidambaram received a request from the Gujarat government to reduce custom duty on import of ships being brought for breaking from 5 per cent to zero. Gujarat Finance Minister Nitinbhai Patel put this request at the pre-budget meeting convened by Chid
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India Ratings suspends rating for Pratibha Shipping
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
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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 — Koyna at a port in Bahrain, and Chandrabhaga and Narmada in Chinese shipyards in foreign shores, with owne
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Kochi Port receives cruise ships
Cruise ships have started berthing at Kochi Port as
as holiday season has begun in western countries. Recently, around 2,800 tourists and 1,250 crew members arrived on board Celebrity Solstice, a mega cruise liner. Another cruise liner Aida Diva also called at the port. It is learnt that cruise ship companies look for ports which have a good international airport in the vicinity. They
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Naval vessels deployed to combat piracy
It is learnt that the naval vessels INS Kabra and INS Kalpeni with a crew of three officers and 39 sailors each are deployed regularly for coastal surveillance of Kerala. INS Kabra is commanded by Lieutenant Commander Chetan R Upadhyay, a marine commando while INS Kalpeni by Lieutenant Commander Vikas Jha, a specialist in navigation and direction
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