Italy has criticised India's handling of the case of two of its marines accused of killing two Indian fisherman as "contradictory" and "disconcerting" ahead of a hearing of the case in India's Supreme Court.
Italian Premier Matteo Renzi on Monday spoke to his Indian counterpart Narendra Modi and sought a "rapid and positive solution" in the case of the two Italian marines being held in India for allegedly shooting to death two Indian fishermen in 2012.
According to industry figures, the pre-Covid demand for liquid medical oxygen (LMO) before the pandemic was 700 tonnes per day across the country. Now, with the second wave, the demand has gone up more than seven times, reports Jyoti Mukul.
About 2,000 petrol pumps, mostly in western and northern India, have run out of fuel stocks as the strike by some truckers' associations entered the second day on Tuesday.
The Italian government will see if one of the two marines accused of killing two Indian fishermen in 2012 is fit enough to return to India, Foreign Minister Paolo Gentiloni has said.
Indian Oil Corporation's Raxaul depot resumed supplies after the obstruction by protesters was removed from the main 'Maitreyi' (Friendship) Bridge connecting the two countries.
Italian President Giorgio Napolitano has said the trial of two marines in India over the killing of two Indian fishermen has run into new "difficulty" because of upcoming general elections in that country.
The high court directed the central government counsel to file a statement in response to the plea and listed the matter for hearing after two weeks.
The South Korean appeal court overturned a lower court ruling and found the super tanker Hebei Spirit and its officers partly to blame for the oil spill in December last year, which polluted miles and miles of beaches. The ship's owner was fined $21,000.
"Italy is willing to try the marines at home, but in the meantime we ask for their freedom," said Interior Minister Angelino Alfano was quoted as saying by ANSA news agency.
India accused the two Italian marines on board the MV Enrica Lexie, an Italian flagged oil tanker, of shooting dead two Indian fishermen off the Kerala coast on February 15, 2012.
Soaring fuel prices give birth to a jugaad system in Bihar's border towns abutting Nepal with residents smuggling in India-supplied cheaper petrol and diesel from the mountain kingdom.
Fourteen Indians aboard cruise vessel MSV Sri Krishna Sagar, which sank in international waters off Iraq on December 27, are feared dead, according to sources.
Benchmark Brent oil futures prices more than halved between June 2014 and January 2015.
French naval commander expresses concern over China expanding its maritime influence in the region.
Nigerian militants on Wednesday released an Indian and five other crew members of a chemical tanker, who were abducted more than two weeks ago off the restive oil-rich Niger Delta region.
The price of diesel sold to bulk users has been hiked by about Rs 25 per litre in line with a near 40 per cent rise in international oil prices, but retail rates at petrol pumps remain unchanged, sources said. Petrol pump sales have jumped by a fifth this month after bulk users like bus fleet operators and malls queued up at petrol bunks to buy fuel rather than the usual practice of ordering directly from oil companies, widening the losses of retailers. Worst hit are private retailers like Nayara Energy, Jio-bp and Shell, who have so far refused to curtail any volume despite a surge in sales.
IOC has been forced to shut down its Digboi refinery in Assam and is operating Guwahati unit at minimal throughput, while OIL has been forced to shut LPG production and its crude oil production has dropped by 15-20%. Sources said the agitation has blocked the movement of tankers and trucks, which are mostly used to supply petrol, diesel and LPG from the refineries to different parts of the North East.
Italy has regretted that the case of two of its marines accused of killing two Indian fishermen should have been resolved in the first three days of the incident, before the issue became enmeshed in India's "deadly judicial and political-electoral gears".
'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).
Italy will take up at the "international level" the trial of two marines in India for the killing of two Indian fishermen, Premier Enrico Letta has said.
The top court termed the Rs 10 crore compensation paid by the Republic of Italy over and above the payment already made as "reasonable and adequate".
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.
The Indian Navy has a big role to play in support of our strategic objectives in the Indian Ocean. The increasing Chinese presence in the Indian Ocean is a matter of concern and need to be factored. Hence, the requirement of an Aircraft Carrier is a foregone conclusion, asserts Commodore Venugopal Menon (retd).
Captain Menon, Master of the oil tanker 'Sampurna Swarajya' of Shipping Corporation of India, is to receive the 2016 IMO Award for Exceptional Bravery at Sea for her role in the dramatic rescue of seven fishermen from a sinking fishing boat in tumultuous seas.
The Supreme Court on Wednesday allowed Massimiliano Latorre, the second Italian marine accused of killing two Indian fishermen off the Kerala coast in 2012, to remain in his country till the international arbitral tribunal decided the jurisdictional issue.
Hours after India decided not to prosecute two of its marines accused of killing Indian fishermen under the strict anti-piracy SUA law, Italy said the decision was the "fruit of Italian firmness".
Sources aware of the development said as part of the project, the airline had signed an agreement with Reliance Industries Ltd, which would extend quality control services at its coastal terminals for ATF imported by the airline.
The Central government on Friday told the Supreme Court that it has deposited with the top court Rs 10 crore paid by the republic of Italy as compensation to the families of the two Kerala fishermen who were shot dead in 2012 by two Italian marines aboard the MV Enrica Lexie ship -- an Italian flagged oil tanker -- in lieu of closure of criminal cases against the two navy personnel in India.
The Supreme Court on Friday directed the Centre to deposit in its account the compensation given by Italy for the kin of two Indian fishermen killed by Italian Marines off the Kerala coast in February 2012.
The attack did not result in any human losses, it said, adding that the remnants of the intercepted and destroyed ballistic missiles fell in separate areas around Abu Dhabi.
the SC said, "We want that adequate compensation be paid to the victims' family".
The capacity of the proposed facility, part of Indian Oil's Rs 56,000-cr investment plan during the 12th Plan, will be five mt a year.
Taking note of a plea by some fishermen seeking compensation, the Supreme Court on Thursday directed the Kerala high court not to disburse any amount from the Rs 2 crore earmarked for the owner of fishing boat St Antony in which two fishermen were killed by Italian marines in 2012.
The Centre said that the arbitration under United Nation Convention on the Law of Sea (UNCLOS), which was instituted on a request from the Republic of Italy has delivered its Award on May 21, 2020.
The shift comes as the gap between the international benchmark Brent and the Middle East price marker narrows
The year 2004 has been pretty volatile for the global shipping industry, including the Indian players, as freight rates were impacted by uncertain moods of the oil market and a natural disaster towards the end of the year.
A Turkish oil-chemical tanker with an all Indian crew of 24 has been hijacked by pirates off the coast of the West African nation Gabon.
The applications range from disaster recovery to predicting demand and understanding customer choices using artificial intelligence.
As tensions between the armies of India and China at the LAC show no sign of ebbing, both sides have significantly ramped up the presence of their troops.
