Shipbreakers at Alang, the world’s largest shipbreaking yard, are keenly watching how the Covid-19 crisis unfolds across the globe. Their businesses were almost wiped out during the lockdown, but the tide seems to have turned in the last month. From a total of nine ships in April and May, the yard has seen 25 vessels.

The potential of Goa as a shipbuilding hub was first identified by the then Director General of Shipping, Dr Malini V Shankar. The vision is now being nurtured by the present DG, Amitabh Kumar. The Konkan Maritime Cluster which was proposed to the State government by 22 MSMEs involved in various sectors of maritime has.

Lenders to Reliance Naval and Engineering Ltd (RNAVAL), the bankrupt shipyard owned by Anil Ambani’s Reliance Group, have extended the date for submitting expressions of interest to revive India’s biggest integrated shipbuilding facility by capacity, to July 27. The original deadline set by a group of lenders led by State Bank of India (SBI) for.

Union Shipping Minister Mansukh Lal Mandaviya on Monday asked officials to come up with an action plan to increase the number of Indian flagged ships, saying it will save around USD 13 billion in forex. The government earlier this month had invited global vessel owners to flag their ships in India to take advantage of.

The world’s biggest shipbreaking yard in Alang, Gujarat, has resumed work by end April but they are all smarting under an acute shortage of labour. “There is no labour for loading, unloading and ship cutting. Imagine running this labour intensive unit with just 30% of workers,” said Haresh Parmar, a ship-breaker at Alang and a.

Hindustan Shipyard Limited (HSL) Chairman and Managing Director Rear Admiral L.V. Sarat Babu on Sunday predicted a promising future for the premier shipbuilding yard. Speaking at the celebration of 79th Foundation Day of the HSL here, he said with the all-out support of the workforce and the stakeholders, the position of the yard was improving..

Ministry of Shipping has approved the Revised Cost estimate of an amount of Rs. 123.95 crore for augmenting Ship Repair facilities in Andaman & Nicobar Islands. Shipping activities are lifeline of Andaman & Nicobar Islands, as majority of the development activities are linked to it. To keep the shipping activities alive without any interruption, the.

Demolition markets in the Indian subcontinent have now largely reopened and are preparing for a new wave of containerships for scrapping. According to London-based shipbroker Braemar ACM, just 14 have been demolished so far this year, compared with 58 ships by the same time in 2019. However, due to the pandemic, there have been reports.

Cochin Shipyard Ltd has said that the it does not foresee any liquidity challenges to meet its supplier obligations and the ongoing capex will not be impacted on account of liquidity in the backdrop of Covid-19. Delay in running projects owing to Covid-19 pandemic will have an adverse impact on financial performance and profitability of.

Exploratory discussions on new deals are providing early indications that recycling markets in India, Bangladesh, Pakistan and Turkey could reopen for business soon, perhaps even by June. However, anchoring and beaching permissions are not being given for ships with foreign crews although some are being allowed to disembark in Bangladesh provided special permissions are granted.