The Indian government will offload a stake of about 5% in shipbuilder Cochin Shipyard COCH.NS, an exchange filing showed on Tuesday.The floor price for the sale is 1,540 rupees, an 8% discount to the stock's Tuesday close, the filing showed. At this price, the stake is valued at 20.26 billion rupees ($241.2 million).The base size of the offer will be 2.5%, amounting to about 6.
A ship operated by Russian shipping group Sovcomflot rescued the crew of a tanker taking in water off Yemen's coast this week, the state-owned company, which is under Western sanctions, said on Wednesday.Sovcomflot tanker NS Africa was sailing southeast of the port of Nishtun in southern Yemen on June 23 when it responded to a distress call by the Lavant tanker whose crew had abandoned ship and
India's ship certification agency has withdrawn safety cover issued to Russian oil tankers that have been placed under U.S. sanctions, according to its website, with the vessels instead turning to a domestic provider.Major insurers and ship engine makers have already withdrawn cover for Russia's tanker fleet
NS United Kaiun Kaisha (NSU) and Vale have reached an agreement to install rotor sails from Anemoi Marine Technologies on 400,000dwt-type very large ore carrier (VLOC).The VLOC NSU TUBARAO has been engaged in a long-term transportation contract between NSU and Vale since its delivery in September 2020.
Britain has imposed sanctions on 18 further Russian oil tankers and four liquefied natural gas vessels, the largest batch of sanctions to date against the country's so-called "shadow fleet," the government said on Thursday.Britain says the 'shadow fleet' uses illicit practices to avoid Western restrictions on Russian oil.
An oil tanker managed by an Azerbaijan-based firm is travelling the Northern Sea Route to China for the first time, taking a route so far dominated by vessels managed by Russian shipping giant Sovcomflot, according to LSEG data and two traders.The vessel Prisma is managed by a private company Vista Vvave Shipmanagement based in Azerbaijan, one of the traders said, citing the vessel's documents.
ABS Wavesight, the ABS-affiliated software-as-a-service company, launched the latest module of Nautical Systems (NS) - Web, the web-based version of its flagship NS platform. Building on the foundation of the on-premise Nautical Systems software, NS - Web delivers the features and functionality required for modern fleet management, enhanced with the flexibility, accessibility
Imabari Shipbuilding will install a MAN B&W 7S60ME-Ammonia engine with SCR in connection with the construction of a 200,000 dwt bulk carrier for a joint venture between K Line, NS United and Itochu Corporation.The business represents one of the first projects for MAN Energy Solutions’ ammonia-powered engine that is currently under development in Denmark. MITSUI E&S will build the engine in Japan.
New U.S. sanctions on Moscow are more likely than previous ones to cut Indian imports of thermal coal from Russia because they specifically cite top exporters SUEK and Mechel, three major traders of Russian coal said.Russia, historically a minor exporter of the fuel to India, began boosting shipments to the south Asian country after Western sanctions against Moscow over its invasion of Ukraine.
Indian refiners have resumed Venezuelan oil purchases through intermediaries, with Reliance RELI.NS set to meet executives from state firm PDVSA next week to discuss direct sales following the easing of U.S. sanctions on the South American country, people familiar with the matter said.