Ship yards Cochin Shipyard Limited (CSL) and Joint Stock Company United Shipbuilding Corporation (USC) have Russia signed a Memorandum of Understanding (MoU) to collaborate and engage in the design, development and execution of modern vessels for India’s inland and coastal waterways.
CSL & USC will collaborate for development of High-Speed Vessels, RiverSea Cargo Vessels, Passenger Vessels, Dredgers, and other watercrafts for Indian Waterways and coastal shipping.
The push to water based transport through the infrastructure development efforts under India’s SAGARMALA program of will open up opportunities for specialised vessels.
The MoU is an effort to get ready to cater to the demand for different kinds of vessels that is expected in the near and medium term.
“There is a huge potential in inland waterways, cruise tourism and RO-RO transportation in the country,” said Shri Nitin Gadkari, Minister for Road Transport & Highways, Shipping & Water Resources, River Development & Ganga Rejuvenation, Govt. of India.
“This collaboration would certainly bring in the much needed product as well as market innovation while harnessing newer technologies.”
Published: 6 February, 2018
Legal representatives met at the High Court on Tuesday to discuss the discharge of KPMG liquidators from all liability in respect of conduct in the course of winding up, show court documents.
Global sentence adjusts to 80 month’s imprisonment term for both Chang and Koh under application of the Masui sentencing framework; fine of SGD 6.2 million against Chang remains unchanged.
Company has been ranked EIGHTH for 2020; ‘we are humbled and proud to be placed amongst the top ten winners of the Enterprise 50 Awards,’ says Satnam Singh, COO, Sing Fuels.
Mads Bjornebye, Manager of Bunker Services at Teekay Tankers Ltd, shares about the company’s perspective of e-BDNs, bunker purchasing & planning tools, while offering his thoughts on future marine fuels.
Maritime sector may find it increasingly challenging to manage bunker prices, Dennis Ho, Managing Director at ElbOil Singapore tells Singapore bunkering publication Manifold Times.
NBF mulls use of blockchain-based registry of trade finance transactions as secure central database for the banking industry to streamline documentation processes and resolve transparency issues.