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Category: India

  • GMS pushes EU to recognise India’s ship recycling capacity

    GMS pushes EU to recognise India’s ship recycling capacity GMS, the world’s largest cash buyer of ships for recycling, has called on the European Commission to approve qualified Indian ship recycling yards for inclusion on the European List under the EU Ship Recycling Regulation (EU SRR). Over 110 Indian yards already hold Hong Kong Convention…

  • Great Eastern keeps fleet renewal on course with fresh kamsarmax buy

    Great Eastern keeps fleet renewal on course with fresh kamsarmax buy India’s The Great Eastern Shipping has continued its steady fleet renewal drive, lining up another secondhand bulker as it reshapes its portfolio. The Mumbai-listed owner said it has contracted to buy a 2014-built Japanese kamsarmax, without providing any further details about the deal, except…

  • Sanctioned LR1 tanker heads for scrap at Alang

    Sanctioned LR1 tanker heads for scrap at Alang A 2004-built, Jamaica-flagged LR1 tanker tied to high-risk trading patterns has been reported sold for recycling, according to market sources.  The 72,700 dwt unit, named Diana, which was sanctioned by the US Treasury’s OFAC in December, has now been tracked as anchored in the demolition zone at Alang…

  • Vantage Drilling’s 2010-built drillship lines up multi-year gig in India

    Vantage Drilling’s 2010-built drillship lines up multi-year gig in India Vantage Drilling International, a Bermuda-exempted offshore drilling contractor, has landed a long-term assignment for its 16-year-old drillship off the coast of India with the country’s state-owned energy giant ONGC. The post Vantage Drilling’s 2010-built drillship lines up multi-year gig in India appeared first on Offshore…

  • Splash Wrap: Ports in a storm

    Splash Wrap: Ports in a storm The deepening dispute between Panama and China over two key ports at the Panama Canal was a constant source of headlines following a landmark Supreme Court ruling that invalidated CK Hutchison’s long-held concession contracts. A trade pact between the US and India that cuts American tariffs and ties New…

  • India sets aside $1.2bn to ramp container production

    India sets aside $1.2bn to ramp container production India has moved from talking about ships and ports to attacking the metal boxes that keep trade flowing. Finance minister Nirmala Sitharaman’s budget pledge contains a ₹10,000 crore ($1.2bn), five‑year scheme to build a domestic container manufacturing ecosystem. India’s current annual container output is roughly 30,000 units;…

  • Asian duo shakes hands on setting up modular EPC and fabrication manufacturing shop in India

    Asian duo shakes hands on setting up modular EPC and fabrication manufacturing shop in India AG&P Industrial, a subsidiary of Singapore’s AG&P Group, has joined forces with Pragati Infra Solutions (PISL), an engineering, procurement, and construction (EPC) and infrastructure development company, to establish India’s first advanced modular EPC and fabrication manufacturing facility in Andhra Pradesh.…

  • ONGC and Petronet fortfying India’s LNG value chain

    ONGC and Petronet fortfying India’s LNG value chain India’s state-owned energy giant Oil and Natural Gas Limited (ONGC) has pooled resources with Petronet LNG Limited (PLL) to strengthen the country’s liquefied natural gas (LNG) value chain. The post ONGC and Petronet fortfying India’s LNG value chain appeared first on Offshore Energy. Melisa Cavcic Go to…

  • India receives first fully laden VLCC at Mundra

    India receives first fully laden VLCC at Mundra In a sign of the sweeping upgrades in maritime infrastructure across the coastlines of the world’s most populous nation, Adani’s Mundra port has this week berthed a fully laden VLCC – a first for India, and something that promises to alter the global seaborne tanker trading map.…

  • HD Hyundai readies $2bn giant yard in southern India

    HD Hyundai readies $2bn giant yard in southern India South Korea’s HD Hyundai has signed a partnership with the Tamil Nadu state government regarding the establishment of a new $2bn shipyard in Madurai in southern India.  The Thoothukudi region of Tamil Nadu already hosts major Korean companies such as Hyundai Motor and Samsung Electronics, and large-scale…

  • TGS’ multi-client 2D-cubed project set to enhance drilling outcomes offshore India

    TGS’ multi-client 2D-cubed project set to enhance drilling outcomes offshore India Norwegian energy data and intelligence company TGS has revealed a new multi-client 2D-cubed project off the coast of India’s Andaman region. The post TGS’ multi-client 2D-cubed project set to enhance drilling outcomes offshore India appeared first on Offshore Energy. Melisa Cavcic Go to offshore…

  • More action time for Dolphin Drilling’s 1974-built rig offshore India

    More action time for Dolphin Drilling’s 1974-built rig offshore India Dolphin Drilling, an Oslo-listed, Aberdeen-headquartered owner and operator of a fleet of harsh environment mid-water and deepwater semi-submersible drilling rigs, has secured a contract extension for one of its units with Oil India Limited, an exploration and production company, for operations off the coast of India.…

  • India’s revived yard lands $220m Norwegian chemical tanker deal

    India’s revived yard lands $220m Norwegian chemical tanker deal Swan Defence and Heavy Industries (SDHI) has secured its first major shipbuilding deal since taking over and reviving the Pipavav shipyard, signing a letter of intent (LoI) with Norway’s Rederiet Stenersen for the construction of six 18,000 dwt chemical tankers worth about $220m. The agreement includes…

  • Svitzer joins forces with Cochin Shipyard on electric tug build in India

    Svitzer joins forces with Cochin Shipyard on electric tug build in India Svitzer has signed a letter of intent with Cochin Shipyard to develop and construct a new generation of electric tugs in India. The Danish towage operator said the agreement, signed during India Maritime Week in Mumbai, lays the groundwork for production of the…

  • India nets $7bn in fresh investment from DP World and Maersk

    India nets $7bn in fresh investment from DP World and Maersk India’s ambitions to become a global maritime powerhouse have gained major momentum, with Dubai-based DP World and Danish group APM Terminals announcing fresh investments worth more than $7bn combined to expand port and logistics infrastructure across the country. The announcements, made during India Maritime…

  • China and India step back from Russian oil under US pressure

    China and India step back from Russian oil under US pressure The oil markets are in flux today as tanker trades retrench and Russia’s two largest buyers of oil pause buying the fuel that has helped fund Moscow’s war in Ukraine for the past three and a half years.  News has emerged in the past…

  • MSC and Maersk join CMA CGM in moving tonnage to India

    MSC and Maersk join CMA CGM in moving tonnage to India The world’s three largest containerlines are reflagging ships to the Indian register to take advantage of local cabotage laws and growing business around the shorelines of the world’s most populous nation. France’s CMA CGM was the first global liner to make the move this…

  • Splash Wrap: Sanctions, shadow fleets, and shifting tides

    Splash Wrap: Sanctions, shadow fleets, and shifting tides US president Donald Trump unveiled sweeping sanctions on Russia’s top oil producers, Rosneft and Lukoil, this week in his most extensive energy crackdown since returning to office. Aimed at forcing Moscow toward peace talks, the measures cut the companies off from US banking and dollar systems. The…

  • Great Eastern offloads veteran tanker in ongoing fleet refresh

    Great Eastern offloads veteran tanker in ongoing fleet refresh India’s Great Eastern Shipping has sold another older tanker as part of its ongoing fleet renewal drive. The Mumbai-listed company said it has sealed a deal to sell the 2005-built 48,500 dwt Jag Pooja to an unaffiliated third party. VesselsValue estimates the ship’s market value at…

  • CMA CGM turns to India for six feeder newbuilds

    CMA CGM turns to India for six feeder newbuilds France’s CMA CGM has signed a letter of intent with Cochin Shipyard Ltd (CSL) to build six LNG-powered feeder containerships, marking the first-ever order by a global liner operator at an Indian yard. The 1,700 teu vessels are valued at around $300m in total. A formal…

  • India recognizes three major ports as green hydrogen hubs

    India recognizes three major ports as green hydrogen hubs India’s Ministry of New and Renewable Energy (MNRE) has formally recognized three major ports as green hydrogen hubs under the National Green Hydrogen Mission (NGHM). The post India recognizes three major ports as green hydrogen hubs appeared first on Offshore Energy. Naida Hakirevic Prevljak Go to…

  • Carsten Rehder inks $62m MPP order in India

    Carsten Rehder inks $62m MPP order in India German owner Carsten Rehder Schiffsmakler und Reederei has expanded its methanol-ready multipurpose newbuilding programme in India, contracting four firm units with options for two more at Garden Reach Shipbuilders & Engineers (GRSE). The deal will see the Hamburg-based company pay $62.4m to the Kolkata yard, with deliveries…

  • Coal trade faces rare back-to-back decline

    Coal trade faces rare back-to-back decline Global coal trade is forecast to shrink in 2025, the first drop since the covid-19 shock of 2020, with another fall expected in 2026. If confirmed, this would be the first consecutive two-year decline in seaborne coal trade in the 21st century, according to analysis by The Signal Group…

  • India unveils $8bn maritime moonshot

    India unveils $8bn maritime moonshot India has unveiled an $8bn maritime stimulus, its boldest bet yet to climb the global shipbuilding ladder.  The Union cabinet this week signed off on a ₹69,725 crore package aimed at nothing less than vaulting the country into the world’s top ten shipbuilding nations by 2030, and the top five…

  • SCI teams up with refiners to grow India’s MR fleet

    SCI teams up with refiners to grow India’s MR fleet India’s state-owned Shipping Corporation of India (SCI) is joining forces with the country’s top refiners to launch an expansion of the MR tanker fleet, part of New Delhi’s drive for greater energy and maritime security. According to the Economic Times, SCI is forming a joint…

  • LNG scrapping sets annual record

    LNG scrapping sets annual record LNG carrier demolition sales have already reached an annual record with nearly 30% of the year still to go. Data from Clarksons Research show 0.8m dwt worth of LNG carriers have been sent for demolition this year as weak market conditions have led to several steam turbine units being disposed…

  • Adani turns away sanctioned tankers from its ports in India

    Adani turns away sanctioned tankers from its ports in India India’s largest private port operator, Adani Group, has banned entry of tankers that are sanctioned by the US, UK or the European Union, according to multiple local media outlets. Adani’s port footprint in India is more focused on containers and dry bulk than tankers with…

  • PSA Mumbai poised to become India’s largest container terminal

    PSA Mumbai poised to become India’s largest container terminal The prime ministers of India and Singapore gave speeches yesterday ahead of the inauguration of what will become India’s largest container terminal. With the inauguration of its phase two expansion, PSA Mumbai is poised to become India’s largest container terminal, doubling its annual handling capacity to…

  • Wan Hai fire-hit boxship towed toward Middle East after 11 weeks adrift without refuge

    Wan Hai fire-hit boxship towed toward Middle East after 11 weeks adrift without refuge The fire-damaged Wan Hai 503 is being towed across the Arabian Sea toward the Middle East after spending nearly 11 weeks stranded without a port of refuge, following rejections from both Sri Lanka and India. The 4,333 teu containership (built 2005)…

  • APM Terminals seals $1bn ports deal in India

    APM Terminals seals $1bn ports deal in India Maersk’s port operating arm, APM Terminals, has signed a memorandum of understanding with India’s Andhra Pradesh Maritime Board to invest 9,000 crore (around $1.1bn) in the development of three key ports in the state. The agreement, inked in the presence of chief minister N Chandrababu Naidu, covers…

  • Trump slaps India with new tariffs over Russian crude ties

    Trump slaps India with new tariffs over Russian crude ties US president Donald Trump has signed an order imposing an additional 25% tariff on goods from India, in response to the country’s continued imports of Russian energy, the White House said on Wednesday, a move that could reshape the global tanker trades. The decision came…

  • Gujarat court arrests shadow aframax bound for the breakers

    Gujarat court arrests shadow aframax bound for the breakers A shadow aframax tanker sold for scrap earlier this year has been arrested in India following a failed transaction and claims by the buyer that the vessel was sanctioned and misrepresented at the time of sale. The Gujarat High Court has ordered the arrest of the…

  • Great Eastern picks up secondhand kamsarmax

    Great Eastern picks up secondhand kamsarmax Indian owner Great Eastern Shipping is pressing ahead with its fleet renewal initiative, having contracted to buy a 2015-built kamsarmax bulk carrier. The unnamed 81,843 dwt vessel is expected to change hands by October, the Mumbai-listed diversified owner said in a stock exchange filing. While the company has not…

  • MOL links up with ONGC for VLEC newbuilds

    MOL links up with ONGC for VLEC newbuilds Japanese shipowner Mitsui OSK Lines (MOL) is partnering up with India’s Oil and Natural Gas Corporation (ONGC) to build and operate very large ethane carriers (VLECs). According to the expression of interest, the deal, structured as a joint ventur,e will see the contracting of two newbuild VLECs…

  • Shelf Drilling finds work for one 1982-built rig, eyes sale of another

    Shelf Drilling finds work for one 1982-built rig, eyes sale of another UAE-headquartered offshore drilling contractor Shelf Drilling has inked a multi-year contract with India’s Oil and Natural Gas Corporation (ONGC) for a jack-up rig to be deployed in the Mumbai High, offshore India. The post Shelf Drilling finds work for one 1982-built rig, eyes…

  • Indian shipbuilder buys majority stake in Sri Lanka’s largest yard

    Indian shipbuilder buys majority stake in Sri Lanka’s largest yard India’s state-run Mazagon Dock Shipbuilders Limited (MDL) has announced its first international acquisition by securing a controlling 51% stake in Sri Lanka’s Colombo Dockyard for $52.96m. The Sri Lankan yard had previously been controlled by Japan’s Onomichi Dockyard which had been looking for investors to…

  • Global ship recycling landmark arrives with patchy compliance across South Asia

    Global ship recycling landmark arrives with patchy compliance across South Asia Fully 16 years in the making, the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships entered into force today, with the majority of demo yards in Bangladesh and Pakistan – two vital recycling destinations – still not compliant with…

  • India to get its ‘first’ independent ammonia storage terminal by 2026

    India to get its ‘first’ independent ammonia storage terminal by 2026 AVTL, a joint venture between Aegis Logistics Limited and Vopak India, has announced plans […] The post India to get its ‘first’ independent ammonia storage terminal by 2026 appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz

  • UK simulation tech boosting safety across Oil India’s drilling ops

    UK simulation tech boosting safety across Oil India’s drilling ops State-owned Oil India Limited has selected 3t Drilling Systems, a UK-headquartered provider of safety-critical training for the energy sector and part of 3t Group, to provide simulator technology for the purpose of providing drilling training for its employees. The post UK simulation tech boosting safety…

  • Fatal accident in Alang raises fresh concerns as Hong Kong Convention nears entry into force

    Fatal accident in Alang raises fresh concerns as Hong Kong Convention nears entry into force Just weeks ahead of the entry into force of the Hong Kong Convention (HKC) […] The post Fatal accident in Alang raises fresh concerns as Hong Kong Convention nears entry into force appeared first on Offshore Energy. Sara Kosmajac Go…

  • CMA CGM steps up maritime talks with Indian government

    CMA CGM steps up maritime talks with Indian government France-based shipping colossal CMA CGM has held talks with officials from the Indian Ministry […] The post CMA CGM steps up maritime talks with Indian government appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz

  • Kerala hit by third maritime incident as court orders arrest of MSC ship

    Kerala hit by third maritime incident as court orders arrest of MSC ship Kerala’s coast is witnessing an alarming spate of maritime mishaps, with a third ship-related incident reported within a span of weeks, prompting legal action, firefighting operations, and mounting concerns over environmental and economic fallout. On Thursday, the Kerala High Court ordered the…

  • Four missing in Wan Hai boxship blaze off India

    Four missing in Wan Hai boxship blaze off India A fire and explosion aboard the Singapore-flagged containership Wan Hai 503 have left four crew members missing off the southwest coast of India. The incident occurred on Monday around 12.30 hrs Singapore time, some 80 km southwest of Azhikkal, Kerala. The 4,333 teu vessel, operated by…

  • Carsten Rehder lines up more newbuilds in India

    Carsten Rehder lines up more newbuilds in India German shipowner Carsten Rehder Schiffsmakler und Reederei is further strengthening its ties with India’s Garden Reach Shipbuilders and Engineers (GRSE), signing a new memorandum of intent for four additional multipurpose (MPP) dry cargo vessels. The agreement, signed during the Nor-Shipping event in Oslo, brings the total number…

  • Bumi Armada JV nets three-year FPSO charter in India

    Bumi Armada JV nets three-year FPSO charter in India Malaysian oilfield services company Bumi Armada and its joint venture partner Shapoorji Pallonji Energy (SP Energy) have won a contract from ONGC for the bareboat charter of the Armada Sterling II FPSO. The vessel will continue operating on ONGC’s Cluster 7 field about 210km off the…

  • ADNOC inks LNG deal with Indian player

    ADNOC inks LNG deal with Indian player ADNOC Trading, an affiliate of Abu Dhabi National Oil Company (ADNOC), has signed a liquefied natural gas (LNG) trading supply agreement with India’s Hindustan Petroleum Corporation Limited (HPCL), a unit of the state-owned Oil & Natural Gas Corporation (ONGC). The post ADNOC inks LNG deal with Indian player…

  • India and Netherlands set the wheels in motion for green maritime corridor

    India and Netherlands set the wheels in motion for green maritime corridor India and the Netherlands have laid the groundwork for setting up a green and digital maritime corridor between the Port of Rotterdam and Indian ports. The post India and Netherlands set the wheels in motion for green maritime corridor appeared first on Offshore…

  • CMA CGM becomes first global liner to run an Indian-flagged vessel

    CMA CGM becomes first global liner to run an Indian-flagged vessel CMA CGM has welcomed the arrival of the first Indian flagged containership registered by a major foreign carrier With a total capacity of 2,592 teu, CMA CGM Vitoria serves India on the group’s BIGEX network, which offers direct links between India, the Gulf, and…

  • Cairn hires EMGS for 3D survey off India

    Cairn hires EMGS for 3D survey off India Norwegian seismic service provider Electromagnetic Geoservices (EMGS) has been hired by India’s Cairn Oil & Gas to conduct a 3D controlled source electromagnetic survey for its exploration campaign in the deepwater Krishna-Godavari block on India’s east coast. Cairn will be one of the first companies in India…

  • CMA CGM welcomes first boxship flying Indian flag at Nhava Sheva container terminal

    CMA CGM welcomes first boxship flying Indian flag at Nhava Sheva container terminal French shipping and logistics company CMA CGM Group has welcomed the arrival of CMA CGM Vitoria, the first Indian-flagged containership registered by a major foreign carrier, at Nhava Sheva Freeport Terminal (NSFT). The post CMA CGM welcomes first boxship flying Indian flag…

  • Pakistan ceases all trade with India

    Pakistan ceases all trade with India Pakistan has suspended all trade with India and closed its airspace and land border. The measures follow the imposition of sanctions imposed by India after an attack in Indian-administered Kashmir that killed 26 people on Tuesday. The last six months saw 520 port calls of vessels between Pakistan and…

  • US targets UAE-based Indian in latest Iranian sanctions

    US targets UAE-based Indian in latest Iranian sanctions The Trump administration’s so-called maximum pressure campaign on Iran has turned its attention to Jugwinder Singh Brar, an Indian national based in the United Arab Emirates, who owns the companies Prime Tankers and Glory International. The US Department of the Treasury’s Office of Foreign Assets Control (OFAC)…

  • India’s ‘first’ port decarbonization pilot takes shape at Chidambaranar Port

    India’s ‘first’ port decarbonization pilot takes shape at Chidambaranar Port India’s Chidambaranar Port Trust, said to be the ‘third largest’ container terminal in the […] The post India’s ‘first’ port decarbonization pilot takes shape at Chidambaranar Port appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz

  • Shipping colossals deepen ties with India amid growing maritime ambitions

    Shipping colossals deepen ties with India amid growing maritime ambitions French container shipping heavyweight CMA CGM, along with Denmark’s A.P. Moller–Maersk and Switzerland’s Mediterranean […] The post Shipping colossals deepen ties with India amid growing maritime ambitions appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz

  • Crown LNG expanding gas market horizons across India thanks to deal with local trading player

    Crown LNG expanding gas market horizons across India thanks to deal with local trading player Crown LNG has joined forces with India Gas Exchange (IGX) to work together on LNG sales to pipeline customers downstream from the firm’s planned LNG import terminal in Kakinada, India. The post Crown LNG expanding gas market horizons across India…

  • Maersk seals pact with India’s top yard

    Maersk seals pact with India’s top yard AP Moller-Maersk has signed a memorandum of understanding with India’s Cochin Shipyard to explore ship repair and shipbuilding opportunities. The strategic partnership, which aligns with India’s aim to be among the top 10 maritime nations by 2030 and the top five by 2047, is expected to see the…

  • India readies home-grown container shipping giant

    India readies home-grown container shipping giant The Indian government has laid out plans to develop a brand new containerline. To be called Bharat Container Line, the new entity will have around 100 ships in its fleet, including ships on charter.  Details as to when the liner will launch have yet to be revealed with officials…

  • Transocean rig trio’s ongoing drilling gigs get an encore

    Transocean rig trio’s ongoing drilling gigs get an encore Transocean has landed a new set of contract extensions for three floaters, encompassing one drillship and two semi-submersible rigs, working off the coast of India, Norway, and Australia. The post Transocean rig trio’s ongoing drilling gigs get an encore appeared first on Offshore Energy. Melisa Cavcic…

  • BP tackling production decline at ‘largest and most prolific’ oil field offshore India

    BP tackling production decline at ‘largest and most prolific’ oil field offshore India BP has been hired by Oil and Natural Gas Limited (ONGC) to handle the decline in hydrocarbon production levels at a giant oil field in the country’s waters. The post BP tackling production decline at ‘largest and most prolific’ oil field offshore…

  • Seamec wins $57m DSV charter

    Seamec wins $57m DSV charter Indian offshore vessel operator Seamec has secured a long-term charter from Saudi-based Safeen Al Behar for the dive support vessel Seamec Swordfish. The 2007-built DSV has been fixed for 730 days in a deal worth $57.4m. The charter with extension options attached, will see the vessel utilised in Saudi and…

  • India aims to spend up to $3B to boost domestic maritime sector

    India aims to spend up to $3B to boost domestic maritime sector India has unveiled its intention to set up an INR 250 billion (about $2.9 billion) maritime development fund (MDF) to grow the national ship fleet and support the domestic shipbuilding and repair sector. The post India aims to spend up to $3B to…

  • India sets aside billions to develop shipyards

    India sets aside billions to develop shipyards India’s finance minister Nirmala Sitharaman announced on Saturday the creation of a $2.9bn maritime development fund for the long-term financing of the country’s shipbuilding and repair industry, the latest in a series of measures the Narendra Modi administration is taking to make the world’s most populous nation a…

  • Indian Register of Shipping experiences owner exodus

    Indian Register of Shipping experiences owner exodus Having been one of the fastest growing classification societies during the first two years of Russia’s full-scale invasion of Ukraine, the Indian Register of Shipping (IRS) became the big loser among members of the International Association of Classification Societies (IACS) over the past 12 months.  Data from Clarksons…

  • Shearwater secures more work off India

    Shearwater secures more work off India Norway’s Shearwater Geoservices has continued to win work offshore India with a new contract for a large-scale 2D seismic survey The Bergen-based seismic vessel major has secured about five months of utilisation for its 2010-built SW Thuridur on the continental shelf margin off the west coast of India. The…

  • TGS wins 3D streamer work in India for ONGC

    TGS wins 3D streamer work in India for ONGC Oslo-listed seismic data specialist TGS has won a 3D streamer contract for ONGC in the Mahanadi basin on the East Coast of India. The Ramform Sovereign is scheduled to mobilize for the survey in January 2025 and the contract, which was described as ‘significant’, has a…

  • Asia and Europe on divergent coal paths

    Asia and Europe on divergent coal paths Global seaborne coal trades are being cleaved apart, with Asian economies taking more and more volumes while the West pulls back from the commodity.  According to data from AXS Marine, the volume of steam coal cargoes discharged at mainland Chinese ports in October reached 34.25m tonnes, up 15.8%…