Press release archives - Maritime/Shipbuilding

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Wednesday, 19th Mar 2008

Sical achieves INR 3.4 bn financial closure for Ennore iron ore terminal

YES BANK lead arranger and sole underwriter for loan. Project to be managed by SPV promoted by Sical Logistics and L&T infrastructure subsidiary. 12 million TPA terminal to be developed on 30 year BOT contract. "Financial closure for iron ore terminal significant achievement in tight market": Ashwin Muthiah, Sical Chairman. "Sical terminal financial closure a major milesto... More...

  • Published on Mar 19, 08

Tuesday, 18th Mar 2008

Middle East - US east coast service enhancements

Maersk Line announces an upgrade of the direct service between the Middle East, Mediterranean, and US East Coast (MECL2). More...

  • Published on Mar 18, 08

Wednesday, 12th Mar 2008

Bangladesh flag vessel m.v. Rahman Noor Rahim ordered to be arrested by Bombay High Court

Admiralty Judge the Hon'ble Dr. D.Y. Chandrachud of the Bombay High Court ordered arrest of Bangladesh flag vessel m.v.Rahman Noor Rahim ex. Eid-A-Mostafa on March 3, 2008 at Kakinada, Andhra Pradesh after hearing counsel Rahul N along with Shrikant Hathi instructed by Plaintiffs' attorney LEX Nexus., Advocates & Solicitors, a specialised division of Hathi & Partners More...

  • Published on Mar 12, 08
Trans-Pacific Vessel Sharing agreement with Mediterranean Shipping Company and CMA-CGM

Maersk Line is pleased to announce the establishment of a new Vessel Sharing Agreement (VSA) with Swiss carrier Mediterranean Shipping Company (MSC) and French-based CMA-CGM in the trans-Pacific trade that will commence in April 2008. More...

  • Published on Mar 12, 08

Thursday, 6th Mar 2008

Apollo LogiSolutions and Spire Group enter into JV

Apollo LogiSolutions Limited, (ALL) a subsidiary of Apollo International Limited and Spire Group Limited of Toronto, Canada, executed a joint venture (JV) agreement yesterday in Mumbai for US $ 250 million to construct and operate temperature controlled warehouses in India. The JV will operate under the name "Apollo Everest Kool Solutions". More...

  • Published on Mar 6, 08

Friday, 4th Jan 2008

GTI's record breaking achievements to boost trade manifold

Gateway Terminals India (GTI), the youngest port terminal at Nhava Sheva, Gateway Terminals India Pvt. Ltd. (GTI), a joint venture of APM terminals and CONCOR, has set the record of handling 1.176 million TEUs (designed capacity of 1.3 million TEUs), the highest so far in India, within a year of its formal inauguration. More...

  • Published on Jan 4, 08

Monday, 31st Dec 2007

Panamanian flag vessel m.v. Indian Challenger released from arrest by Bombay High Court

Sekhiyo Line Ltd a Japanese based shipping company had arrested Panamanian flag vessel m.v. Indian Challenger (ex. Benefit Wisdom) by an order of the Bombay High Court on December 7, 2007 which was executed at wee hours on December 8, 2007 just before she was about to leave Tuticorin port was released by the vacation judge the Hon'ble Dr. D.Y. Chandrachud on December 29, 2... More...

  • Published on Dec 31, 07

Friday, 19th Oct 2007

Gateway Distriparks H-1 Revenue (Consolidated) up 55% to Rs 112.35 Crores; Throughput up 45 % to 171,446 TEUs

Performance in H-1 (2007-08 vs 2006-07) : Achieves throughput of 171,446 TEUs; an increase of 45 % (YoY), Revenue of Rs 112.35 Crores, an increase of 55 % (YoY); Net profit (excl. income from investment) of Rs 29.87 Crores, an increase of 2.2 % (YoY); CAPEX of Rs 95 Crores incurred in CFS & Rail Businesses; Interim Dividend of 15% More...

  • Published on Oct 19, 07

Tuesday, 28th Aug 2007

Project Sales Corp to introduce ExpaTen Bolts from Schaaf GmbH & Co. KG at INMEX INDIA 2007

SCHAAF is leading the way with ExpaTen bolts in order to revolutionize detachable flange connections of propulsion shafts of the shipbuilding industry. This new technology will now be dispalyed at the International Exhibition on Shipbuilding in Mumbai, India between October 3-5, 2007 More...

  • Published on Aug 28, 07

Monday, 20th Aug 2007

BITS Pilani Rajasthan TMI Induri Marine Engineers set to Sail for Glory

With the Never Say Die Attitude, the graduating cadets from the BITS Pilani TMI Induri collaboration firmly believe that the art of the sailor is to leave nothing to chance and that a smooth sea never made a good sailor. More...

  • Published on Aug 20, 07

Thursday, 16th Aug 2007

Sical Logistics acquires cutter suction dredger for USD 24.92 mn

The acquisition of the dredger is a stepping stone for Sical to enter the lucrative global dredging market—Ashwin Muthiah, Chairman, Sical Logistics More...

  • Published on Aug 16, 07

Friday, 20th Jul 2007

Clarifications on loss of Samudrika 10 of ONGC from Sical Logistics Ltd.

In the midst of the tragic loss of 8 of the crew members of Samudrika 10, along with the vessel, off the Mumbai Coast, on 9th July 2007, we have noted with concern, speculative and incorrect references to Sical and its operations of the Offshore Supply Vessels for ONGC, in various media reports. More...

  • Published on Jul 20, 07

Saturday, 14th Jul 2007

Update from Sical Logistics on the Loss of Samudrika 10 off Bombay High - Day 5

Sical Logistics has announced that two more bodies of the missing crew of Samudrika 10, the OSV which sank off Bombay High on 9th July 07, have been recovered. The bodies have been washed to far off Bhilad, Valsad District, on the Gujarat coast due to strong northerly currents and waves. Last evening the body of Capt. Gurbachan Singh, Master of the vessel was recovered and... More...

  • Published on Jul 14, 07

Tuesday, 10th Jul 2007

Update from Sical Logistics on the Loss of Samudrika 10 off Bombay High

At 1230 hours on 9th July 2007, amidst high swells and battering waters of around 4 meters and wind velocity of 35 knots, SAMUDRIKA 10 which was deployed in Bombay High at about 56 nautical miles from Mumbai, sank. Samudrika 10, a 1986 built OSV (Offshore Supply Vessel), was taken over by Sical on 04 July 07 from SCI as part of the 17 vessels under contract to Sical by ONG... More...

  • Published on Jul 10, 07

Thursday, 7th Jun 2007

Sical Logistics wins Rs. 126.5 crores ONGC O&M contract for offshore logistics

The contract is valued at Rupees 126.5 crore and is for a duration of three years and is extendable by two six-month periods. More...

  • Published on Jun 7, 07