Iranian forces seized a containership operated by Switzerland-based MSC in the Strait of Hormuz on Saturday, April 13. The Portuguese-flagged MSC Aries was some 80 kilometres off the coast of the UAE when it was boarded by Iranian heliborne troops, who subsequently ordered the crew to bring the...
Harold Macmillan was supposedly once asked what the most troubling problem of his time as British Prime Minister was. “Events, my dear boy, events,” was his reply. I thought I had this week’s column nailed well in advance, but offshore is an industry especially susceptible to unexpected and hard to predict “events”. So, we must […]
The post COLUMN | Correcting course: Aramco and jackups; Siem Offshore and Kristian Siem; Ferguson Marine; MMA Offshore; Maersk/Svitzer [Offshore Accounts] appeared...
Nine crewmembers of a fishing boat suffered injuries after a fire ignited and caused a gas cylinder to explode on board their vessel off the southern Indian city of Visakhapatnam on Friday, April 5. The locally-registered fishing vessel Durga Bhavani was in the Bay of Bengal 65 nautical miles off...
Indian owner Great Eastern Shipping has struck a deal to sell its 2004-built MR product tanker Jag Pahel, making room for more modern tonnage. The price and the buyer of the 46,300 dwt ship Great Eastern ordered in February 2003, have not been disclosed. The Hanjin Heavy-built ship, estimated by...
https://splash247.com/great-eastern-shipping-continues-tanker-fleet-rejuvenation/
In a significant development for India’s logistics sector, GR Logistics Park (Indore) Private Limited (GRIP), a subsidiary of G R Infraprojects Ltd. (GRIL), and PSA Ameya (PSA), a subsidiary of PSA India, have formalised an agreement to establish an Inland Container Depot (ICD) at the Multimodal Logistics Park (MMLP) in Indore. This collaboration comes after GRIP secured the MMLP project and subsequently signed a 45-year concession agreement with National Highways Logistics Management Limited...
https://www.themaritimestandard.com/psa-and-gril-invest-in-indore-logistics-park/
Adani Ports and Special Economic Zone (APSEZ) has entered an agreement to acquire a 56% stake in the SP Group and 39% of Orissa Stevedores Limited (OSL) in Gopalpur Port. Located on the East Coast, Gopalpur has an annual cargo throughput capacity of 20 tonnes and has a particularly important role in handling dry bulk cargo flows, including iron ore, coal, limestone, ilmenite and alumina.
According to a statement from Adani Ports, “This acquisition will drive synergy with our existing ports and...
https://www.themaritimestandard.com/adani-further-expands-india-east-coast-ports-presence/
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Economic relations between Germany and India are developing positively, with imports and exports between the two countries seeing a notable increase in recent years. The Port of Hamburg even … |
https://maritime-professionals.com/hamburg-and-india-strengthen-trade-relations/
India’s Adani Ports and Special Economic Zone (APSEZ) has entered into a definitive agreement to purchase a 95% stake in Gopalpur Port Limited. The stake will be bought from two companies – a 56% stake was bought from the SP Group while 39% was bought from Orissa Stevedores. The acquisition is made...
https://splash247.com/adani-buys-majority-stake-in-gopalpur-port/
(Bloomberg) — All of India’s refiners are now refusing to take Russian crude carried on PJSC Sovcomflot tankers due to US sanctions, further complicating the trade that has flourished since the invasion…
https://gcaptain.com/india-halts-russia-oil-supplies-from-sanctioned-tanker-giant/
It’s time to send a signal to Beijing that a crisis is approaching. China’s use of grey zone tactics is intensifying. This worsening trend line has been evident for several years and seems headed towards an unintended violent incident, a crisis, and possibly armed conflict. Attempts need to be made...