The United States has encouraged India to purchase Russian oil already at sea to mitigate supply shortages and price increases amid the West Asia conflict, according to Energy Secretary Chris Wright. This move is described as a short-term effort to stabilise the market without altering Washington's policy towards Russia.
Great Eastern Shipping Company Ltd placed an order for a 45,500 metric ton new building product tanker with Hanjin Heavy Industries and Construction Co Ltd, South Korea.
Great Eastern Shipping Company Ltd decided not to pursue divestment programme of the government to divest Shipping Corporation of India Shares.
Great Eastern Shipping Company Ltd fixed March 26 record date for determining holders eligible for an interim dividend to be paid on 10.5 per cent cumulative redeemable non-convertible preference shares of Rs 10 each.
The year gone by, beginning July 2003, has been particularly rewarding for investors in shipping stocks.
Meanwhile, with China switching its trading partners due to geo-political issues, increased trade with South Africa for bauxite and with the US for coal is also auguring well for vessels with tonne miles going up.
Indian shipping companies' reluctance to take piracy insurance is probably linked to sky-rocketing costs. According to the site of London-based corporate security firm BGN Risk, piracy in the Gulf of Aden could increase insurance and transport costs by $400 million. Special risk insurance for crossing the Gulf has soared from $500 a voyage last year to $20,000 now, the company said.
The celebrations continued with the mehendi ceremony for Radhika Merchant and Anant Ambani.
US strikes on Iran's three main nuclear facilities have once again raised concerns that Tehran might shut down the Strait of Hormuz - one of the world's most critical chokepoints, through which a fifth of global oil and gas supply flows.
'The coronavirus impact is much bigger than what the market had predicted. We are helpless and simply watching the market at present. Nothing can be done,' said Anil Devli, chief executive officer (CEO) of Indian National Shipowners' Association (INSA).
Syed Firdaus Ashraf marches through time to trace the bitter history between Russia and its West European neighbours.
He said that the two nations will have issues in the foreseeable future. However, there are ways of addressing those issues and what happened in 2020 was not the way to address those issues.
Indian and Russian officials have discussed Indian-Russian cargo transit along the Northern Sea route, joint projects in Arctic shipbuilding and possible training of Indian sailors for polar navigation.
Naval assets take years to build, and therefore, not only is futuristic force planning essential, but indigenous projects must also be put into the pipeline, technologies developed and contracts for assets signed regularly so that the Indian Navy always remains a future-focussed force, asserts Vice Admiral Biswajit Dasgupta (retd).
The US is currently Earth's most powerful country and a certain latitude of understanding -- a world view -- is popularly expected from its leadership. From a country identified with freedom, constitution, debate, democracy and the likes of Abraham Lincoln even as it had the most powerful military around, the US, following Trump's actions, seemed repositioned as militarily powerful with other qualities secondary, observes Shyam G Menon.
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Stock to watch: Shipping Corporation and Great Eastern Shipping
'India should respect Maldivian nationalism and their desire to be not over-dependent on India.' 'India should not behave like a big brother towards Maldives as many times, we tend to behave like that.'
Nifty is likely to remain under selling pressure unless and until it breach the 7,700-7,720 levels on closing basis.
Broader market outperformed with the S&P BSE Midcap index adding 0.7%, while S&P BSE Smallcap index gained 0.6%.
In reflection of their growing congruence in areas of defence and security, the two sides, following the Modi-Mitsotakis talks, agreed to set up an institutional dialogue at the level of national security advisors, and boost defence industrial cooperation.
India's historical focus on its continental borders has overshadowed its maritime ambitions, but that is changing quickly, notes Ajai Shukla.
While acknowledging Shivaji's naval contributions, questions are being raised about the inadequate acknowledgement of Chola sea-power in southern Tamil Nadu, which dates back by a few centuries, explains N Sathiya Moorthy.
'Somehow, Rahul Gandhi is not able to connect with the youth of the country.' 'While Modiji is 72, Rahul is only 52.' 'But the popularity of the prime minister among the young population is a lot more than Rahul's.'
'Unlike on the western and eastern borders where there is an enemy at the gate, here there is an invisible enemy which is building its own capability and can come into play at a time and place of his choosing.'
'The Chinese navy is large and expanding both in numbers and capability by the day.' 'India too must take measures to safeguard its own interests, now and in the future.'
'Second-class citizenship would have been meaningless to a Hindu in the Mughal empire.'
'With Punjab and Kashmir in flames, it would not have been politically wise to alienate the West.' 'It would have inclined Western countries towards Pakistan.' 'It would have been a self-goal.'
Pranab Mukherjee inspected the fleet along with Prime Minister Narendra Modi from aboard the INS Sumitra.
The Theatre-level Readiness and Operational Exercise was conducted to test combat readiness of the combined fleets of the Navy, the Air Force, the Army and the Coast Guard.
There are times in each nation's life when the gods shower their blessings on it. The right leaders are in place and they make the right decisions. Everything seems to click and good luck favours its people. Such times came to this country 50 years ago, recalls Admiral J G Nadkarni (retd).
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