There are very few people in the world who qualify to be called a living legend. Astad Deboo is one of them.
A spokesman for Gibraltar's government also confirmed that police proceedings against four members of the crew had ended.
On Thursday morning, Coast Guard officials rescued as many as 30 crewmembers from the cargo vessel MV RAK, even as 3/4th of the 225 meter-long vessel had sunk into the choppy waters of the Arabian Sea. MV Rak was carrying 60,054 meteric tonne of coal. Toral Varia, brings you a blow-by-blow account of the rescue operation.
Minesweepers are small naval warships that detect and destroy underwater mines and are considered vital for keeping the critical sea lanes safe for movement of essential cargo, including crude oil.
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.
Russia on Thursday said it was not bothered at a possible price cap on its crude oil proposed by the West, saying Moscow will negotiate directly with its partners like India and China as the price should be decided between the producers and consumers, and "not someone who just decided to punish someone." Members of the G7 have agreed to impose a price cap on Russian oil in a bid to hit Moscow's ability to finance the war in Ukraine. Countries want to reach an agreement ahead of December 5, when Europe's embargo on Russian crude travelling by sea takes effect.
A few years ago, when top officials of Indian state-run refiners went to Dubai to negotiate a crude oil supply contract, a senior official from state-owned Saudi Aramco told them, "We can negotiate on anything, but I am the last man standing for you. "Nobody can offer the range of crudes we do with certainty," an official who was part of the negotiating team recalls. Perhaps that explains why Saudi Arabia is less concerned about losing its place as India's premier oil supplier to an upstart like Russia, which emerged from nowhere to become India's biggest crude oil supplier in September and October.
The operation was jointly carried out by the Indian Coast Guard (ICG) and the Department of Revenue Intelligence (DRI) off Agatti coast in Lakshadweep, sources told PTI.
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.
GAIL (India) Ltd has pre-poned the supply of gas from the US and is looking to contract more LNG next year as it doubles down efforts to secure affordable energy supplies to meet the needs of Asia's third-largest economy, chairman Manoj Jain said. India's No.1 gas transporting and marketing firm has long-term liquefied natural gas (LNG) supply contracts from the US to Australia and with Russia, supplementing domestic gas supplies. "In 3Q (October-December 2021) we preponed a couple of cargoes (LNG shiploads) from supplies that we were to receive next year and we did it again in the current quarter," Jain told PTI. This is because US LNG costs one-third of the price of gas available in the spot or current market.
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.
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 there are 12 major ports in India.
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 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.
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.
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.
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.
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).
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.
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.
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.
Russia is among the top buyers of Indian tea, accounting for about 18 per cent of the industry's total exports.
A decision to tap the 30 countries for exporting wheat was taken at a meeting of the commerce ministry on Thursday.
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.
Road builders have been asking for one to resolve various contract disputes and renegotiate others.
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.
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.
