Ship recycling activities at Alang-Sosiya in Gujarat’s Bhavnagar district – home to the world’s largest stretch of ship breaking beaches – have ground to a complete halt after India announced a three-week lockdown beginning March 24 to slow the spread of Corona Virus. “All sub-continent recycling locations have gone into a complete lockdown this week,.

The coronavirus pandemic has practically paralysed the ship demolition market in South Asia as lockdown measures continue to be introduced across the subcontinent. Pakistan suspended all beaching and boarding of vessels at Gadani ship recycling yards last week for a minimum period of four weeks. All ship recyclers have been instructed to strictly comply with.

Amid the not-so-good business climate for ship building, state-owned Cochin Shipyard has prepared a cautiously sizable growth plan. Expansion of the repair business, foray into the volume-based business of fishing boats, and eyeing Indian Navy projects and the private tourism sector are some. “We are looking to up our ship repair turnover and have moved into profit.

The first of the two 1,200-persons, 1,000-tonne cargo vessels, under construction at Cochin Shipyard Ltd (CSL) for the Andaman & Nicobar Administration, was launched at CSL’s yard here on Tuesday. The vessel is designed as a modern high-quality passenger vessel with electric propulsion suitable for carrying 1,200 passengers and 1,000 tonnes of cargo for “all-weather”.

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.

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.

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.

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.

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.

With a new legislation in place, India eyes to garner at least 60 per cent of the global ship recycling business and emerge as a key destination for recycling warships and other ships, according to Union Minister Mansukh Lal Mandaviya. Holding the independent charge of the Shipping Ministry, he also exuded confidence that contribution from.