News of Marine & Maritime in Gujarat

Protected: DIGITAL VERSION of THE MARINE LINES | OCTOBER-NOVEMBER 2019 ISSUE | COVER STORY : Why SHIPPING CORPORATION OF INDIA (SCI) should not be sold?

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COCHIN SHIPYARD acquires unlisted subsidiary HOOGHLY COCHIN SHIPYARD

COCHIN | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Cochin headquartered ship-building company Cochin Shipyard Ltd said of having acquired its unlisted subsidiary company Hooghly Cochin Shipyard Ltd from Hooghly Dock & Port Engineers Ltd for consideration of 50 million (~5.06 crore) rupees. The filing submitted

COCHIN SHIPYARD inks pact with INDIAN NAVY for building Aircraft Carriers

COCHIN | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, major marine services and shipbuilding – public sector undertaking (PSU) arm of Indian Government, Cochin Shipyard Ltd said of having inked 30-billion-rupees contract with Indian Navy for construction of the Indigenous Aircraft Carriers. The update as submitted

Kandla Port acquires 18% stake in Dredging Corp of India

VISHAKHAPATNAM | NEW DELHI | MUMBAI | KANDLA-GANDHIDHAM | RAJKOT – Deendayal Port Trust (aka Kandla Port) has acquired 18% stake in Dredging Corporation of India Ltd acquiring 5 million (~50,40,101) shares, along with other three port trusts including Vishakhapatnam Port Trust, Paradip Port Trust and Jawaharlal Nehru Port Trust (aka Mumbai Port). Vide the

Two Multipurpose berths inaugurated @ Kandla Port

NEW DELHI | KANDLA-GANDHIDHAM | RAJKOT – The Union Minister for Shipping, Road Transport and Highways, Water Resources, River Development and Ganga Rejuvenation Nitin Gadkari inaugurated two multi purpose berths – No.14 & No.16 at Deendayal Port at Kandla through video conferencing, on Friday. He also laid the foundation stone for the Central Inland &

London Court dismisses Dredging Corp’s arbitration award appeal against Mercator

MUMBAI | RAJKOT – In a press communication submitted to the Indian Bourses on Monday, Mumbai headquartered shipping company Mercator Ltd said of London Court having dismissed appeal filed by Dredging Corporation of India (DCI) Ltd, regarding the the arbitration award of 500 million (50 crore) rupees, payable to Mercator. According to Mercator press statement,

Adani’s Enterprises’ metallic move, incorporates Copper Company

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Exchanges in India, Ahmedabad headquartered and Gautam Adani led Adani Enterprise Ltd said of having incorporated wholly owned subsidiary Mundra Copper Ltd, business entity owned by Adani Group aimed at developing, operating and maintaining of Copper Smelter Plant. Adani Enterprises Limited (AEL),

Indian Coast Guard launches ICGS VARUNA at Reliance Naval (Pipavav)

PIPAVAV (AMRELI) – Indian Coast Guard’s trainning vessel ICGS VARUNA was launched today from Reliance Naval and Engineering Ltd’s (RNEL) Shipyard here. The primary role of the vessel is to impact basic sea training to the under trainee officers of Indian Coast Guard along with their Naval counterparts. While on-board on ICGS VARUNA under trainee officers

Adani hand-shakes with French Energy Major Total, to sell fuel & gas in India

PARIS | NEW DELHI | AHMEDABAD | MUMBAI | RAJKOT – Keeping in view the road infra growth story and the rising middle class consumer in India, French energy major Total S.A. inked pact with Indian conglomerate Adani Group to enter the energy market in India. Both companies aim to develop multi-energy offerings to the

Experts Say, “#GujaratExodus may hit the new investments …”

AHMEDABAD | VADODARA | SURAT | RAJKOT – #GujaratExodus, process of workers from Bihar and Uttar Pradesh travelling back to their home, may trigger a situation, which may hit the new investments, especially when the Vibrant Gujarat 2019, Global Investors Summit is around, industry experts from across the state fear the phenomena. Industries which may

GE Shipping takes delivery of Secondhand Gas Carrier

MUMBAI | RAJKOT – In a press release submitted to the exchanges in India on Wednesday, The Great Eastern Shipping Company Ltd said of having taken delivery of a secondhand very large gas carrier. The Company took delivery of a secondhand Very Large Gas Carrier “Jag Vasant” of about 83,270 cbm. The Company had contracted

Mercator to sell first tranch of oil from Cambay Basin block by August 2018

MUMBAI | RAJKOT – Mercator Ltd said in a regulatory filing submitted to the exchanges in India, about first tranch of oil sale from Cambay Basin block to happen in August 2018. Mercator Petroleum Limited, a subsidiary of Mercator Ltd is pleased to  announce that it has mobilized all the equipment at site and is all

GE Shipping to acquire second-hand gas carrier

MUMBAI | RAJKOT – In a regulatory filing submitted to the Exchanges in India, The Great Eastern Shipping Company Ltd said of having contracted to add secondhand gas carrier vessel to it existing fleet. The Company has signed a contract to buy a secondhand Very Large Gas Carrier of about 81,605 cbm (cubic meters), the filing

Adani Ports inks long term regasification pact with GAIL (India) Ltd. for Dhamra LNG terminal

AHMEDABAD | MUMBAI | RAJKOT – Adani Ports and Special Economic Zone (APSEZ) Ltd – India’s leading port infrastructure developer and part of the Adani Group, today said it had signed a long term agreement with GAIL (India) Ltd, the state run gas company, to provide Liquefied Natural Gas (LNG) regasification services on a use or pay basis, at

Mercator gets dredging contract for Porbandar Port area in Gujarat

MUMBAI | RAJKOT – Mercator Ltd has informed the stock exchanges in India in a regulatory filing of getting dredging contracts for Porbandar Port and Mormugao Port. The Company has emerged as the lowest bidder in its bids for the Mormugao and Porbandar Ports contracts having an estimated combined contract value of 160 million (~16

India’s Adani and Japan’s NYK ink pact to form rail logistics venture to transport cars

NEW DELHI | AHMEDABAD | MUMBAI | RAJKOT – Adani Logistics Ltd (ALL), a subsidiary of Adani Ports & SEZ Ltd has  inked an agreement with NYK Auto Logistics (India) Private Ltd. (NALI) to form a joint venture company which specializes in transportation of finished vehicles using Automobile Freight Trains, and concluded an agreement for the

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