Funding program to cover India’s first two offshore wind projects

Indian Prime Minister Narendra Modi

The Indian Union Council of Ministers chaired by Prime Minister Narendra Modi have approved the Viability Gap Funding (VGF) scheme for offshore wind energy projects at a total outlay of INR74.53 billion (US$890 million). This total includes an outlay of INR68.53 million (US$820 million) for...

AtoB@C Shipping welcomes third hybrid cargo vessel in series

Ecomar, a new hybrid cargo vessel acquired by AtoB@C Shipping

ESL Shipping subsidiary AtoB@C Shipping took delivery of a new cargo vessel on Thursday, June 13. Ecomar is the third unit in a 12-strong series of 5,350DWT plug-in hybrid vessels. ESL Shipping said the series was developed to be capable of generating up to 50 per cent fewer CO2 emissions compared...

Marine Projects Vessel News Roundup | June 18 – A Chinese large crane ship, a Dutch TSHD conversion project and more

Deliveries include cutter suction dredgers for an Indian owner and an amphibious dredger for a Ukrainian government agency. A Dutch yard completes conversion work on an inland vessel to make it suitable for dredging projects as construction is underway on a Chinese heavy-duty crane ship. Finally, an Indian yard has been selected for the supply […]

The post Marine Projects Vessel News Roundup | June 18 – A Chinese large crane ship, a Dutch TSHD conversion project and more appeared first on Baird...

Adani enters East African port sector

Adani Ports is leading a consortium that has signed a 30-year concession agreement to operate Container Terminal 2 in Dar Es Salaam Port in Tanzania, heralding the Indian port operator’s entry into the East African market. The terminal has an annual throughput capacity of around 1 million TEU and handles arounds 83% of Tanzania’s total container volume. 

A new joint venture, East Africa Gateway Limited (EAGL), has been established between Adani as the lead shareholder and AD Ports Group and East...

Cochin Economic Zone launched by DP World

DP World has commenced operations of its Cochin Economic Zone located within the Vallarpadam terminal at Cochin port. This is Kerala’s first free trade warehousing zone and the third DP World Economic Zone in India. 

DP World Cochin Economic Zone is expected to significantly enhance Cochin Port’s capabilities as the 75,000 sq.ft. facility is said to offer 67 different value-added services for supply chain operations. Ranjit Ray, Senior Vice President, Economic Zones Middle East, North Africa and...

FAO report shows global fisheries and aquaculture production reaches new record high

Fish farm at an undisclosed location

World fisheries and aquaculture production has hit a new high, with aquaculture production of aquatic animals surpassing capture fisheries for the first time, according to a new report from the Food and Agriculture Organisation of the United Nations (FAO) released earlier this month. The 2024...

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