Ship recycling – new regulatory requirements for owners

By 31 December 2020, all ships entering a European Union port or anchorage will require a valid and certificated Inventory of Hazardous Materials (IHM) on board, according to the requirements of the 2013 EU Ship Recycling Regulation (EU SRR). Also, a requirement under the Hong Kong International Convention for the Safe and Environmentally Sound Recycling.

Read More

Bangladesh made two ships handed over to India

Bangladesh has achieved remarkable progress in the shipbuilding sector, brightening the image of the country as a shipbuilding nation in the world, Commerce Minister Tipu Munshi said on Friday. The minister spoke at the handover ceremony of two new ships to India at Chattogram port. Western Marine Shipyard Limited built the two ships for Jindal.

Read More

Cochin Shipyard declared resolution applicant of Tebma Shipyards

State-owned Cochin Shipyard has been declared as the successful resolution applicant by the lenders to Tebma Shipyards, which is under insolvency resolution process. The Corporate Insolvency Resolution Process (CIRP) of Tebma Shipyards was initiated by an order dated September 25, 2018 of National Company Law Tribunal (NCLT), Chennai Bench. “Cochin Shipyard has been declared as.

Read More

Hyundai Heavy Industries Group clinches deals for six new ships

Hyundai Heavy Industries (HHI) Group, the biggest shipbuilder in South Korea, has secured two new orders for a total of six vessels. On December 26, Hyundai Mipo Dockyard, a subsidiary of HHI Group, announced a construction contract for four 1,800 TEU containerships. The deal, signed with an undisclosed Asian company, is worth KRW 119.4 billion.

Read More

Cochin Shipyard could take over Alcock Ashdown to revive it

In a bid to revive the defunct Gujarat government-owned shipbuilding company Alcock Ashdown, the state-owned Cochin Shipyard has been asked by the Union Shipping Minister, Mr Mansukh Mandaviya, to take it over. The company, which is currently in the National Company Law Tribunal (NCLT), has stopped operating since many years. “When I came to know.

Read More

Ship breaking: A wealth creator

In an exclusive, Union Minister of State (I/C) for Shipping, Mansukh L Mandaviya discusses the impetus to India’s ship breaking industry following the recent legislation The Recycling of Ships Bill, 2019, which has been passed by both the Houses of the Parliament, lays out rules for existing facilities and is applicable to all ships registered.

Read More

Cochin Shipyard to acquire Alcock Ashdown soon: Mandaviya

State-owned Cochin Shipyard will soon take over the defunct Gujarat government-owned ship-building company Alcock Ashdown, Union minister Mansukh Mandaviya said on Friday. The company, which is currently in the National Company Law Tribunal (NCLT), has stopped operating since many years. “When I came to know that this company has shut and people there have lost.

Read More

New law for safe recycling of ships comes into force

The Recycling of Ships Act has come into force with President Ram Nath Kovind giving assent to the law which provides for safe and environmentally sound recycling of ships. “The Recycling of Ships Bill, 2019 has become an Act. It became Act after it received the assent of President of India on December 13, 2019,”.

Read More

Steps taken by Government to promote Shipbuilding in Indian Shipyards

In a written reply to a question in Lok Sabha today the Minister of State for Shipping (I/C) and Chemical & Fertilizers Shri Mansukh Mandaviya informed that to promote shipbuilding in Indian shipyards, the Government of India has on December 9, 2015 approved New Shipbuilding Financial Assistance policy for Indian shipyards for shipbuilding contracts signed.

Read More