Aiming to tap the state’s potential as a shipbuilding hub, the government has planned to set up a maritime cluster in South Goa which will support the local blue economy comprising of private shipyards and small marine units. Disclosing the construction of a cluster “soon”, Chief Minister Pramod Sawant said that the government has already.

Many months after they were liquidated by a bankruptcy court due to a pile of unpaid bank dues, two of India’s private shipbuilders – ABG Shipyard Ltd and Bharati Defence and Infrastructure Ltd – will receive a subsidy from the government on confirmed orders signed before a shipbuilding subsidy scheme ended more than twelve years.

The growth of the Saudi Arabian flagged fleet by 28 percent in 2018 can be largely attributed to improvements achieved by the country’s maritime authority, Vice Chairman of the General Authority for Transport for the Maritime Transport Sector, Farid bin Abdullah Al-Qahtani, said. Speaking to World Maritime News on the sidelines of the Sustainable Marine.

State-owned Cochin Shipyard on Tuesday reported a 40.3 per cent rise in its consolidated net profit to Rs 206.33 crore for the quarter ended September 2019. The company had clocked a net profit of Rs 147.05 crore in the corresponding quarter of the previous financial year, it said in a regulatory filing to the BSE. Its total.

Cochin Shipyard on Friday said it has won a contract worth over Rs. 3,000 crore for making indigenous aircraft carrier for the Indian Navy. The contract covers the operational and harbour acceptance trials of various equipment and systems installed onboard and also the sea trials of the carrier. “Cochin Shipyard Ltd signed the Phase-III contract.

The Kerala State Human Rights Commission has ordered that permission be obtained from the port administrators and the District Collector before breaking ships at the unit of the Steel Industries Kerala Limited (SILK), at Azhikkal. The commission also directed the company to get the required permission from the Pollution Control Board and Mining and Geology.

Cochin Shipyard is currently trading at Rs. 400.00, up by 7.85 points or 2.00% from its previous closing of Rs. 392.15 on the BSE. The scrip opened at Rs. 393.15 and has touched a high and low of Rs. 402.80 and Rs. 386.50 respectively. So far 14527 shares were traded on the counter. The BSE.