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.
Paddington imparts practical life lessons in a way that is neither patronising nor insulting to the intelligence of kids, says Paloma Sharma.
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.
Domestic companies are also not far behind and are in an expansion mode through the inorganic route.
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.
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.
Kaushik Khona's second innings at GoAir will be more challenging than the first. Globally, the aviation industry is in deep distress because of the pandemic, reports Aneesh Phadnis.
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.
Lok Sabha on Thursday passed two bills before the proceedings were adjourned for the day amid continuous protests by opposition members over the Pegasus spying row and farmers' issue.
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 the next 25 years, the Mumbai port will need five terminals because the current passenger traffic of 200,000 is expected to climb to 4 million.
New Orleans port has reached an agreement with India's Samsara Shipping to represent the Port in India.
Taking advantage of a Russian offer to sell its crude oil cheap and bear the cost of insurance and transportation, India may import as much as 2 million tonnes (mt), or roughly 15 million barrels of crude, from the sanctioned nation in 2022, Business Standard has learnt. This comes after reports that Indian Oil Corporation (IOC) bought 3 million barrels of Russian Urals from trader Vitol for May delivery. This will be on cost, insurance and freight (CIF) model, where the seller incurs the costs and pays the freight, including insurance charges.
The Mumbai police have recovered the body of a sailor after the barge in which he was sailing sunk near Mumbai coast. "Identification of the body is in progress," the Directorate General of Shipping said.
"The Navy has already re-deployed a warship to the Gulf of Aden. The ship, which was in the region, was asked to rush to the Gulf of Aden following the government orders," a naval officer said in New Delhi.
The boat named 'Baohua' has 698 passengers and 47 crew members, Xinhua news agency said.
MV wisdom, a 145-metre long cargo vessel bound for Alang ship-breaking yard from Colombo, sparked a major scare on Saturday afternoon after it broke free from its tug and drifted towards the Bandra-Worli Sea Link in Mumbai.
India's strategy to beat Colombo port is flawed as there are likely to be too many domestic ports competing among themselves instead of targeting the competition, says Michael Pinto.
All you need to know about careers in the Merchant Navy.
Sixteen Indian sailors, who have been living on a ship in Ajman port in Dubai for the past five months without salaries, can now hope to go back home.
Let's take a look at the role the bicycle is playing in chugging the economy along all across the country.
The plane went missing between the southern city of Myeik and Yangon.
This is Modi's first bilateral visit to Myanmar.
At least 40 people died and nearly 150 others were injured on Friday after a packed three-storey ferry carrying around 500 passengers caught fire on the Sugandha River in southern Bangladesh, officials said.
The proposal to sell the building to state-owned Jawaharlal Nehru Port Trust also comes after the government's efforts of Air India strategic disinvestment failed to take off.
Transport minister says they are cheaper mode of transport than road and rail; so far only 5 river stretches have been declared waterways
UK's Cairn Energy Plc plans to bring lawsuits in the US and other countries to pierce the corporate veil between the Indian government and its owned companies such as in oil and gas, shipping, airline and banking sectors, to seize their overseas assets to recover $1.2 billion ordered by an international arbitration tribunal. The firm has moved courts in the US, UK, Canada, France, Singapore, the Netherlands and three other countries to register the December 2020 arbitration tribunal ruling that overturned the Indian government's Rs 10,247 crore demand in back taxes and ordered New Delhi to return $1.2 billion in value of shares it had sold, dividends seized and tax refunds withheld to recover the tax demand. With the government so far refusing to honour the arbitration award and instead choosing to challenge it, Cairn is looking to enforce it by seizing overseas Indian assets, Dennis Hranitzky, head of the sovereign litigation practice at Quinn Emanuel Urquhart & Sullivan, a law firm representing the company, told PTI.
Logistics and transportation bottlenecks are impacting the country's economic growth by about two per cent, industry body Assocham said on Friday.
Suspected Somali pirates on Tuesday hijacked an Italian cargo vessel with 18 crew, including seven Indian seafarers, off the coast of Oman.
According to a report in the Daily quoting a senior administration official, there was a "tiny slice" of personal protective equipment left over.
An oil tanker with 21 Indian crew members on board was hijacked on Saturday off the coast of Oman, Directorate General of Shipping said in Mumbai.
Maritime resources will be key to sustained growth and development of nations across the Indian Ocean Region (IOR) in the ongoing century, he said delivering his keynote address at the IOR Defence Ministers' Conclave held on the margins of Aero India-2021, India's premier defence and aerospace show.
The move comes days after the Indian Navy also warned of a possible terror attack from the sea side.
The directorate said money was hidden inside books and greeting cards and could not have been easily detected by X-ray machines. The incident came to light after ED officials, acting on a tip-off, searched the regional office of the courier service in Naraina in Delhi.
The first cargo of 25,000 tonnes of Euro-IV grade diesel from RIL's refinery at Jamnagar was shipped by Hindustan Petroleum Corporation Ltd on Friday, said an informed source. This is also the first coastal supply of Euro-IV diesel for the Indian market.
After Air India, Britain's Cairn Energy PLC plans to target assets of state-owned firms and banks in countries from the US to Singapore as it looks to ramp up efforts to recover the amount due from the Indian government after winning an arbitration against levy of retrospective taxes. A lawyer representing the company said Cairn will bring lawsuits in several countries to make state-owned firms liable to pay the $1.2 billion plus interest and penalties that are due from the Indian government. Last month, Cairn brought a lawsuit in the US District Court for the Southern District of New York pleading that Air India is controlled by the Indian government so much that they are 'alter egos' and the airline should be held liable for the arbitration award.
Around 15 years ago, when Reliance Industries (RIL) struck natural gas in the Krishna-Godavari (KG) basin off the east coast, the government made plans to supply that fuel cheaply to scores of generators that sprang up in India triggered by the discovery. Most of the plants, which account for 6 per cent of India's total generation capacity, operate sparsely after the KG-D6 area first failed to meet production targets, and then finally shut shop. Affordable domestic gas was why those thermal plants came up and the rate of the fuel today is why those generators hardly operate. Record liquefied natural gas (LNG) rates may yet again unravel India's ambitions to expand use of gas in industries, households and vehicles. Rates, while volatile, may stay strong this decade as developed nations with higher purchasing power embrace gas as the transition fuel.
The Central government plans to invest Rs 5,000 crore (Rs 50 billion) to develop Dugarajapatnam port in Andhra Pradesh's Nellore District.
