Shipyards in the Chinese coastal city of Zhoushan have banned vessels that called at or changed crews in India in the last three months, citing concerns over rising infections in the South Asian nation. Restrictions on vessels from India as well as Bangladesh are now in place, prohibiting their arrival for maintenance and repair work,.

All eyes remain on the situation that is currently unfolding in India as each day brings with it record, numbers of Covid-19 cases & deaths as many hospitals across the country are running desperately low on oxygen supplies and vacant hospital beds. More than 400,000 cases are being registered every day now with well over.

Alang-Sosiya in Gujarat’s Bhavnagar district – home to the world’s largest stretch of ship-breaking facilities – beached 187 ships for recycling in FY21 compared to 202 ships in the previous year, as the ship dismantling activity was hit by the pandemic-induced lockdown. Despite the health crisis, one of the world’s top ship recyclers benefited from.

In its weekly update, GMS described the market as “red hot”, with some of the highest rates being paid across the subcontinent for some years. With the tanker sector still suffering a slump, VLCCs featured prominently amongst recycling candidates while, in contrast, older bulk carriers and container ships continue in service to cash in on.

Cochin Shipyard Ltd. has delivered MV ‘Sindhu’, a 500 pax passenger-cum-150 MT Cargo Vessel built indigenously for Andaman and Nicobar Islands. The Protocol signing & handing over ceremony was held on board the vessel at  Cochin Shipyard today. The world class ship will prove to be boon in Shipping Service for the far flung Islands..

Public sector Cochin Shipyard is expected to operationalise a Rs 170 crore modern shipbuilding facility that it is building in West Bengal by June 2021. The state-owned company, under the administrative control of the Ministry of Ports, Shipping and Waterways, recently emerged as the lowest bidder for a Rs 10,000-crore contract by the Indian Navy.

Container shipping’s orderbook-to-fleet ratio, which was in single percentage figures as recently as six months ago, is set to surpass 15% as shipping lines pile on the tonnage with Alphaliner suggesting IMO’s 2050 decarbonisation deadline and ship lifespans are beginning to play into the minds of owners. Box shipping’s vessel orderbook-to-fleet ratio had steady decreased.

India’s ship breaking industry, the largest in the world at Alang in coastal south Gujarat with over 55 per cent share of the global market, is likely to boom in near future, thanks to the global slowdown in trade due to COVID-19. The Indian ship-breaking industry is sailing towards a 10 per cent revenue growth.

With Dredging Corporation of India Ltd (DCI) facing fund crunch, the government is looking at multiple options for financing India’s first locally-built high-end and larger dredger, including asking State-run Cochin Shipyard Ltd to extend equity support to the vessel it will construct for the dredging firm. Mumbai-listed Cochin Shipyard and DCI signed a Memorandum of.

The domestic ship-breaking industry’s revenue is expected to see a 10 per cent year-on-year increase this fiscal due to improved availability of condemned vessels and higher rates for steel scrap, ratings agency Crisil said on Monday. Further, with India enacting the Recycling of Ships Act, 2019, and joining the Hong Kong International Convention (HKC), which.