Notwithstanding the strain in ties, the navies of India and China carried out a well coordinated operation to rescue a merchant ship in the Gulf of Aden which was hijacked by Somali pirates on Saturday night.
For the MV Khailijia 3, one of the two ships which collided last Saturday off the coast of Mumbai, the track record does not read very well. In July, it was found that the ship had developed some cracks and had to offload its cargo mid-sea.
At present there are 12 major ports in India.
The arrival of Egyptian cargo vessel M V Suez, which was released by Somali pirates after ten months of captivity, has been delayed at the Omanese port of Salalah due to insufficient fuel, the directorate general of shipping said on Saturday.
At present, traders send their cargoes in a container through a feeder vessel to Colombo, where its gets unloaded and again loaded in the mother vessel.
The airlines have waived charges for transport of relief cargo to Chennai.
India is looking to develop alternative export markets for tea such as Iraq, Saudi Arabia, the US, Japan and Tunisia in view of the Russian invasion of Ukraine, people aware of the matter said. Meetings are being held with buyers in some of these countries in virtual mode, with the help of diplomatic missions located there. Similar meetings for the remaining countries have also been planned.
India will ship its share of crude oil from Russian oilfield Sakhalin-I in October-December, Minister of State for Petroleum and Natural Gas Dinsha Patel said on Thursday.
At the same time, the Cabinet approved reducing government's stake in select PSUs such as IOC to below 51 per cent while continuing to retain management control.
The Chinese military, on the last day of its largest-ever military exercises to vent out its anger over United States House Speaker Nancy Pelosi's visit to Taiwan, carried out island saturation attack drills in the Taiwan Straits, amid global concerns of a full-scale attack to annex the breakaway island which Beijing claims is part of its territory.
India will invest USD 82 billion in port projects by 2035, raise share of clean renewable energy source in maritime sector, develop waterways and boost tourism around lighthouses as part of port-led development, Prime Minister Narendra Modi said on Tuesday. Speaking at the Maritime India Summit, he invited global investors to invest in Indian ports, shipyards and waterways. More than 574 projects costing USD 82 billion or Rs 6 lakh crore have been identified for implementation between 2015 and 2035 under the Sagarmala Project, he said. The government, he said, is looking to operationalise 23 waterways by 2030.
Xi Jinping is winning the war without firing a shot in Sri Lanka, observes Colonel R Hariharan (retd).
Gail India Ltd will import spot LNG cargo from Algeria at $9.28 er million British thermal unit.
An oil leak was on Sunday reported from the Panama-flagged cargo vessel MV Rak which sank off the city coast earlier this week due to ingress of water in the cargo hull, officials said.
The oil spill from cargo vessel MV Rak off the Mumbai coast has decreased in quantum as compared to Sunday even as the authorities continued their efforts to neutralise resultant environmental pollution.
Russia is among the top buyers of Indian tea, accounting for about 18 per cent of the industry's total exports.
The navy had so far maintained that there were 273 persons on board the barge but an official on Wednesday evening said that the company which operated it has informed that there were 261 personnel on board the ill-fated barge.
Several cargo containers abroad one of the ships were flung into the sea following the accident, which also triggered an oil slick along the Mumbai coast.
A decision to tap the 30 countries for exporting wheat was taken at a meeting of the commerce ministry on Thursday.
The ship carrying 4,200 tonnes of sugar was travelling between Mumbai and Mogadishu. "The hijackers of MV Victoria have offloaded the cargo from the vessel. Now negotiations are on for the safe release of the crew that includes 10 Indians," a top DG Shipping official told PTI.
Companies world over have to confront unprecedented factors that can cause losses.
A fresh search operation by the Turkish authorities to trace any possible survivors of the Panamanian registered ship MV Rezzak that went missing in the Black Sea on February 18 with 25 Indian crew on board is yet to yield any result.
Built in 1974, the building could fetch anywhere between Rs 1,000 crore to Rs 1,500 crore, based on current real estate prices
Though exports to Hong Kong, a major destination for India's polished diamonds, have resumed, the industry is currently sitting on an inventory worth around $2.3 billion.
The market, however, reacted negatively to SpiceJet's announcement and the company's stock dropped by 0.87 per cent as analysts became wary of diversion into a new business during a high fuel price environment.
Road builders have been asking for one to resolve various contract disputes and renegotiate others.
Somali and Yemeni pirates' attempt to hijack for ransom Indian cargo vessels sailing off the Somalia coast has once again been thwarted by an Indian warship.
Somali pirates have struck again, this time taking hostage 11 men hailing from Gujarat's Kutch district who were working on a Dubai-based cargo vessel. "According to information received late last night, some 11 men from Mandvi who were working on the Dubai-based vessel Al-Barari were taken hostage after Somalian pirates hijacked the ship from near the port of Mogadishu," Kutch Vahanvati Association president Kasam Ali Bholim told PTI.
The ship, which went missing in the Black Sea, lost contact on February 18 and is believed to have sunk off the coast of Turkey, but a search operation was still on. A life raft had been seen floating in the sea but there were no survivors inside it or near its vicinity. "We are calling up the Turkish authorities. They are searching for survivors, but have not found anyone so far," the official said.
Modi government expects cargo traffic at its ports to jump by two-thirds by 2021 as India ramps up exports of goods including cars and other machinery.
The government has allowed import and export of COVID-19 vaccines without any value limitation, in order to ensure speedy clearance and distribution. The Central Board of Indirect Taxes and Customs (CBIC) has amended the regulations to facilitate the import/export of COVID-19 vaccines through courier, at locations where the Express Cargo Clearance System (ECCS) is operational. "Imports and exports of vaccines in relation to COVID-19 has been allowed without any value limitation," said the amended Courier Imports and Exports (Electronic Declaration and Processing) Amendment Regulations, 2020.
The government will soon issue guidelines for regulation of OTT (over the top) platforms that will address issues such as sensitive content, the Rajya Sabha was informed on Tuesday.
Paddington imparts practical life lessons in a way that is neither patronising nor insulting to the intelligence of kids, says Paloma Sharma.
Domestic companies are also not far behind and are in an expansion mode through the inorganic route.
The search for the crashed Malaysian jet on Friday dramatically shifted to a new area 1,100 km further northeast in the Indian Ocean after authorities received "the most credible lead" of radar data suggesting the plane flew faster and ran out of fuel more quickly than estimated.
India may see a structural shift in supplies of crude oil with Russia emerging as a key source of fuels, a development that reduces New Delhi's dependence on West Asian oil, gives Indian refiners better bargaining power with price-setter Saudi Arabia, and improves overall energy security. The unexpected surge in supplies of Russian crude in the last few months, unthinkable until the war in Ukraine, may also deliver other unforeseen gains such as boosting exports of refined fuels to Europe, which historically has counted on Russian shipments. India has jumped on to the bandwagon of opportunistic buying of Russian crude but if calibrated carefully, Urals crude can be a long-term asset for India refiners.
In an official communication sent to the Indian Embassy by the Chinese Embassy in Manila, the China government expressed "greatest gratitude" to India for rescuing the crew of a sinking cargo vessel on March 21.
The Major Ports Authority Bill, 2020 was passed through ballot votes in the Rajya Sabha on Wednesday with 84 votes in its favour and 44 against it. The Lok Sabha had passed the bill on September 23 last year.
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