In order to augment the Indian NavyĂâs submarine support operations on either coast, a contract was signed by the Indian Navy with M/s Hindustan Shipyard, Vishakhapatnam for the construction of two Diving Support Vessels (DSV).
Tag: vessels
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Centre initiatives for ship repair industry
Government has taken steps to promote ship repair industry in India which include:
Service tax exemption granted by the Central Government for repair of foreign going vessels by Indian shipyards to reduce operational costs of ship repair units
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Water use patterns will lead to a severe crisis by 2050
Rishabh Sethi, Chief Operating Officer, SPML Infra Limited, shares his views on the huge scope of growth in the country for water recycling and purification of drinking water, and his companyĂÂŽs upcoming projects in this space.
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Panel for strengthening security at Alang ship-breaking yard
An inter-ministerial panel has recommended of communication sets of vessels being scrapped at Asia's largest ship breaking yard at Alang in Gujarat need to be destroyed so as to prevent their misuse.
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Hindustan Shipyard delivers 3 vessels
During the current financial year, the Hindusthan Shipyard (HSL) has delivered 3 vessels and is striving to improve its performance further. The HSL had delivered one 50-t bollard pull tug to the Visakhapatnam port trust, one IPV (ICGS Rani Avantibai) to the Indian Coast Guard and one 53,000 DWT bulker to Goodearth Maritime Limited (GML), said NK Mishra, Chairman & Managing Director of HSL after reviewing the performance of the HSL after hoisting the National Flag on the occasion of the Independ
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Dredging gains importance in Indian ports
Dredging has gained importance in several ports across the country. Lack of sufficient draft hampers larger vessels from docking on the port and so this calls for capital and maintenance dredging. While most Indian ports have a draft of less than 12 meter, vessels like VLCCs (Very Large Crude Carriers) and capsize vessels require a draught of 14 meter and cannot dock on ports which donĂât have sufficient depth. As the trade shifts to mod
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Bangladesh seeks clarity on container terminal project
Bangladesh government sought clarification from the Indian government about the proposed container port project in Narayanganj by the bank of the Shitalakhya river. Narayanganj is a crucial port facility on the outskirts of Dhaka which is also used by Indian cargo vessels under the India-Bangladesh water transport protocol. It is learnt that the Bangladesh government was
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Cabinet to consider chartering demands of SAIL, RINL
According to unconfirmed media reports, the union cabinet may decide on whether to allow Steel Authority of India (SAIL) and Rashtriya Ispat Nigam (RINL) to charter hire vessels to import raw materials. Every year, the two firms together import around 14-15 million tonne of raw materials. As SAIL is expanding capacity to 23.46 million tonne per annum and RINL
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Growth in marine-hull insurance segment may slowdown
Weak financial position of shipping companies may slowdown growth in the marine-hull segment of the insurance industry, reports indicate. Marine-hull insurance is purchased by port authorities, shipowners, shipbuilders, oil- and energy-sector companies, bankers and financiers of ships or vessels who have insurable interest
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SCI can take possession of 7 vessels of erstwhile JV
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
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