Page 3 - Maritime

Let's get real

Navy's plan to build 24 subs is too ambitious

Shipping Industry to witness cost rise of $15 bn over IMO regulations

Companies to pass on entire cost increase to customers

Maersk to set up centre for maritime skill development in Tamil Nadu

Global shipping firm AP Moller Maersk on Friday said it will set up a Centre of Excellence for maritime skill development in Tamil Nadu. An MoU to this effect was signed between Maersk and Academy of Maritime Education and Training (AMET) University to jointly operate the facility. "Maersk...today laid the foundation stone of its planned AP Moller Maersk Centre of Excellence' facility at Thenpattinam (Tamil Nadu), to support skill development and training needs for Maersk cadets across job functions (deck, electrical and engine)," the company said in a statement. The Centre will be spread over 8 acres of land and will be a part of a larger 12 acre maritime campus set up by AMET, the company said. The Centre will be equipped with world class facilities like smart classrooms, workshops, and will house approximately 160 deck & engine cadets for Bachelor's programme in Nautical Science & Marine Engineering, it said. Additionally, electrical cadets will be taken in as per ...

India to discuss an alternative maritime route for oil from Russia

With the tension between Iran and the US impacting movement of oil cargo, India is looking at an alternative maritime route via Vladivostok port in Russia's far eastern region, through the South China sea and Malacca. The issue will be discussed during Prime Minister Narendra Modi's visit to Russia starting September 4. Modi will be attending the Eastern Economic Forum in Vladivostok from September 4 to 6.This comes amid high tension between Iran and European countries in the Strait of Homuz last month. Iran even deployed two warships in the region. The new route is likely to make investment by companies like ONGC Videsh (OVL) viable in Russia. It will also reduce the time in bringing liquefied natural gas (LNG) and crude oil to India. "It makes sense to diversify ourselves (India), not just in terms of finding alternate sea trade routes but also ports. A dual sea trade route will surely help India in the long run," said Hitesh Avchat, senior manager, CARE Ratings.The proposed route .

Vaiko urges Centre to stop Sri Lanka from amending maritime law

In case the 1979 law gets amended, Indian fishermen could be asked to pay fines up to Rs 7 cr

Rijiju bats for robust maritime security framework to curb piracy

MoS for Home says measure crucial to safeguard bilateral trade and commerce

Investment in maritime sector crucial for trade: Sitaraman

Commerce Minister says sector is not in good health but this is right time to enter business cycle

Shipping Ministry to hold three-day maritime summit in Mumbai

Ministry plans to offer projects worth $19 bn for investment