• 2009 October 5 06:46

    Shipping Corporation of India plans to sell 7 tankers this fiscal

    Shipping Corporation of India plans to sell seven single-hull tankers by the end of this fiscal year to meet the global deadline to phase out single-hull tankers by 2010. “Initially, we had planned to sell five single-hull tankers, but now we are looking to scrap one or two more,” Capt K.S. Nair, Director Bulk Carrier and Tanker Division, SCI, told Business Line.
    In 2005, legislation by the International Maritime Organisation, a UN body for ship safety, made it mandatory to replace single-hull tankers with double hull by 2010 to check marine pollution.
    A double-hull ship, in which the bottom and sides have two complete layers of watertight hull surface, is considered a safer bet against oil spill due to underwater damage or collisions. Recently, the State-owned company sold one tanker. “At present, we are planning to sell another two tankers and the deal will be done soon,” he added. The sale rate would be around $250-300 per light weight tonne.
    Capt Nair said the tankers being phased out have been around for 20-25 years. Currently, SCI has around 42 tankers, of which around 30 per cent are single-hull.
    “With the soft freight market, especially in the tanker segment, accentuated by the entry of new buildings in the global market, there is no sign of recovery till end of 2010. Therefore, it is a good time for Indian shipping companies to scrap old vessels,” said a shipping analyst with a brokerage firm.
    The State-owned shipping firm is also looking to borrow Rs 1,300 crore by the end of the current fiscal year for acquisition of vessels. It is looking for second-hand vessels as rates have fallen steeply. “We will be substituting new buildings with second-hand acquisitions, which are relatively three to five years old,” Mr S. Hajara, Chairman and Managing Director, SCI, said.

2024 September 27

18:05 PETRONAS and Mitsubishi Corporation sign new LNG agreements
17:21 Spliethoff orders the construction of a new series of eight multi-purpose vessels from Wuhu Shipyard
16:47 Ports of Singapore and Hamburg sign a Letter of Intent
16:28 MSC Group establishes a new container terminal at Denmark's largest commercial port
16:10 Centus Marine selects AIRCAT vessels and Strategic Marine for next generation personnel transfer vessel
15:56 Wolverine Terminals starts commercial operations at Prince Rupert marine bunkering facility
15:24 Incat reaches construction milestone on world’s largest electric ferry
14:45 MOL sets a mid-to-long-term target of achieving net zero greenhouse gas emissions by 2050
14:24 ABS approves liquefied hydrogen carrier design from Samsung Heavy Industries
13:44 Fincantieri launches the second LNG cruise ship for Princess Cruises
12:58 HD Korea Shipbuilding wins US$511.3 million order for 4 container ships
11:50 Wallenius Wilhelmsen upsizes 4 of the vessels on order to largest in the world
11:09 China to start up Guangdong LNG terminal, ExxonMobil has 20-yr access
10:30 Belgium calls for EU ban on Russian gas as imports rise - Financial Times
10:00 ESPO and FEPORT call for an EU wide mandatory tax exemption for onshore power supply
09:16 Euronav sells two Suezmaxes to a wholly owned subsidiary of CMB NV

2024 September 26

18:03 Eni publishes its first Methane Report
17:35 Port of Barcelona container traffic increases by 22% in the first 8 months of the year
17:34 MABUX: Bunker price trends in the world's four largest hubs, Sept 23-27
17:23 TECO 2030 announces strategic shift to global fuel cell technology provider
17:14 CMB.TECH signs strategic agreement with Beihai Shipbuilding
16:45 Ports of Hamburg, Busan and Ulsan sign a joint declaration of intent
16:24 Damen to deliver two fully electric ferries to City of Toronto
15:59 Shell and TenneT sign an agreement for the large-scale hydrogen plant on the high-voltage grid in the Port of Rotterdam
15:24 Northern Lights is ready to receive CO2
14:41 MSC amplifies UN global compact call for IMO fit-for-purpose regulatory framework to accelerate use of net-zero fuels
14:23 MOL introduces an application for performance degradation tracking 'Fouling Analysis'
13:40 MAN PrimeServ signs cooperation agreement with Latsco Marine Management
13:13 Port of Oakland container volume up 5.4% in Aug 2024
12:48 H-LINE Shipping takes delivery of a 7,000 CEU LNG dual-fuel PCTC
12:08 Yangzijiang Shipbuilding delivers first batch of eco-friendly dual-fuel methanol containerships to X-Press Feeders
11:54 Jawar Al Khaleej L.L.C. takes delivery of three Damen Search and Rescue vessels
11:20 Technip Energies and JGC Corporation awarded FEED contract by ExxonMobil for the Rovuma LNG project in Mozambique
10:41 Panama Canal launches revamped maritime services tariffs section
10:22 ADSB delivers pair of RAmparts 2800-SD vessels to ADNOC
09:59 MITSUI OCEAN CRUISES welcomes new ship MITSUI OCEAN FUJI in handover ceremony with Seabourn Cruise Line

2024 September 25

18:00 Ingalls Shipbuilding receives a $9.6 bln contract to procure multiple ships, including three San Antonio-class amphibious assault ships
17:38 The Port of Oslo has officially opened its new shore power plant for cruise ships
17:11 John T Essberger orders two 13,000 dwt, ice class 1A chemical tankers from Nantong Rainbow Offshore & Engineering Equipment
16:45 Ningbo-Zhoushan port to add 2 million TEU in container capacity
16:13 Hanwha Ocean drops talks to acquire Australian shipbuilder Austal
15:36 Hyundai Glovis, China's BYD sign MOU for logistics partnership
15:24 Wallenius Marine christens vessel Future Way in German port of Emden
14:58 Asyad Group, OQ Alternative Energy, and Sumitomo Corporation announced a joint study agreement to explore the potential of Oman as a global low-carbon fuel bunkering hub
13:50 CLdN places order for 10 newbuild container carriers
13:22 Purus orders two 45,000 cbm dual fuel ammonia-ready medium-sized gas carriers from Hyundai Mipo Dockyard
12:47 HD Korea Shipbuilding wins 403.9 bln won order for 6 container ships
12:05 Victoria International Container Terminal hits 5 million TEUs
11:43 Damen signs with WUZ Port and Maritime for ASD Tug 2111
11:20 Fincantieri starts works on the first next-generation Offshore Patrol Vessel for the Italian Navy
10:43 Lloyd's Register, RINA, DNV, Bureau Veritas and ABS join forces to form Yacht Safety and Environmental Consortium
10:25 Fincantieri, Vard and Sandock Austral Shipyards form collaboration centred around Afrika Offshore Patrol Vessel
09:48 GTT receives an order from HD Hyundai Samho Co. for the tank design of four new LNG carriers

2024 September 24

18:00 PowerCell signs SEK 165m order for fuel cell systems with leading Italian marine OEM manufacturer
17:01 TankMatch and Evos team up to launch green methanol bunkering solutions
16:45 MOL announces naming ceremony for new LNG-fuel car carrier “CELESTE ACE”
16:24 Navig8 takes delivery of fourth and fifth MR newbuild vessels from New Times Shipbuilding
15:53 Canadian Coastguard orders MAN 32/44CR propulsion packages for two Arctic Offshore Patrol Ships
15:23 AD Ports records a 30 percent increase in vehicle volumes through Autoterminal Khalifa Port in H1 2024
14:43 HELCOM launches shipping data platform
14:23 The Port of Tallinn signs MoU with the U.S. company Protio for the production of e-fuels at Muuga Harbour
13:42 TotalEnergies to supply 200,000 tons per year of LNG to HD Hyundai Chemical until 2033
13:21 Shenzhen and Long Beach ports sign green framework
12:50 LR and Samsung Heavy Industries sign JDP for AiP for an ammonia-fuelled 9,300 TEU container vessel
12:11 Wartsila to future-proof container vessels with CCS-Ready scrubber technology
11:40 Lloyd's Register has granted Samsung Heavy Industries AiP for the construction of a next-generation 174,000 cubic metre LNG carrier
11:02 Hanwha Ocean partners with ABS to co-develop offshore solutions
10:41 Royal Huisman commissions world’s largest sportfish yacht 'Special One'
10:15 ABS approves new autonomous technologies from HD Hyundai for ammonia-fueled ships
09:46 HD Hyundai to supply shaft generator for Middle Eastern firm