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SCI, Great Eastern, Essar Shipping bid for IOC and BPCL’s long-term tanker charter

2018-01-24 thehindubusinessline
The tenders for the first long-term cargo support contracts to be tried out in India at the behest of the Central government, closed on January 22. (3-0)

India testing waters in LPG ship-building

2018-01-03 thehindubusinessline
After an unsuccessful attempt to build liquefied natural gas (LNG) carriers locally, the Centre’s policy managers are turning their attention to another cryogenic segment — constructing liquefied petroleum gas (LPG) tankers at domestic shipyards.

Tanker charters: Owners to seek change in fleet age limit

2017-12-10 thehindubusinessline
IOC and BPCL have set a 10-year age limit for qualifying ships because by the time the five-year contract ends, the ships will be 15-years old, reaching the threshold prescribed by most of the crude-oil loading terminals worldwide (3-0)

Indian fleet-owners term IOC, BPCL tanker charter tenders ‘not workable’

2017-12-05 thehindubusinessline
IOC’s decision to allow foreign flag ships to participate in the VLCC tender with the right of first refusal to Indian flag ships has also not gone down well (3-0)

Indian oil refiners issue tanker tenders aimed at boosting domestic shipping

2017-12-04 moneycontrol
Two of India's state-owned oil refiners have issued tenders seeking to charter tankers for at least five years while giving preference to Indian companies, tender documents reviewed by Reuters showed, which would boost domestic shipping firms battered by slumping tanker rates. (3-0)

Indian Oil Refiners Issue Tenders Aimed At Boosting Domestic Shipping

2017-12-04 rigzone
NEW DELHI/SINGAPORE, Dec 4 (Reuters) - Two of India's state-owned oil refiners have issued tenders seeking to charter tankers for at least five years while giving preference to Indian companies, tender documents reviewed by Reuters showed, which would boost domestic shipping firms battered by slumping tanker rates.

PSU oil refiners issue tanker tenders to boost domestic shipping

2017-12-04 thehindubusinessline
Two of India's state-owned oil refiners have issued tenders seeking to charter tankers for at least five years while giving preference to Indian companies, tender documents reviewed by Reuters showed, which would boost domestic shipping firms battered by slumping tanker rates. (3-0)

Shipping stocks surge on oil tanker tenders

2017-12-04 thehindubusinessline
Shipping stocks surged as two of India's state-owned oil refiners have issued tenders seeking to charter tankers for at least five years while giving preference to Indian companies.

Indian oil refiners issue tanker tenders aimed at boosting domestic shipping

2017-12-04 in.reuters
NEW DELHI/SINGAPORE (Reuters) - Two of India’s state-owned oil refiners have issued tenders seeking to charter tankers for at least five years while giving preference to Indian companies, tender documents reviewed by Reuters showed, which would boost domestic shipping firms battered by slumping tanker rates. (3-0)

Great Eastern Shipping’s off-shorearm wins rig contracts from ONGC

2017-11-15 thehindubusinessline
Greatship (India), the off-shore subsidiary of Great Eastern Shipping Co, has won three-year contracts from ONGC for two if its oil-drilling rigs, helping boost revenue at India’s biggest private maritime-carrier after a lacklustre second quarter that saw its net profit tank 97.6 per cent.

Great Eastern Shipping Company acquires vessel Jag Lokesh

2017-09-27 indiainfoline
By clicking on submit button, you authorize IIFL & its representatives & agents to provide information about various products, offers and services provided by IIFL through any mode including telephone calls, SMS, letters etc. . you confirm that laws in relation to unsolicited communication referred in “National Do Not Call Registry” as laid down by “Telecom Regulatory Authority of India” will not be applicable for such information/ communication.

GE Shipping trades higher; takes delivery of Medium Gas Carrier

2017-09-26 indiainfoline
Great Eastern Shipping Company informed that it took delivery of a secondhand Medium Gas Carrier 'Jag Vijaya' (1997 built) of about 35,420 cbm. The company had contracted to buy the vessel in September 2017, said GE Shipping in a BSE filing on Monday.

Great Eastern Shipping Company acquires Medium Gas Carrier Jag Vijaya

2017-09-25 indiainfoline
By clicking on submit button, you authorize IIFL & its representatives & agents to provide information about various products, offers and services provided by IIFL through any mode including telephone calls, SMS, letters etc. . you confirm that laws in relation to unsolicited communication referred in “National Do Not Call Registry” as laid down by “Telecom Regulatory Authority of India” will not be applicable for such information/ communication.

High tax regime, lack of long-term funds hurting shipping industry

2017-08-14 thehindubusinessline
India’s rich maritime tradition — long coastline, supplier of quality seafarers to the global shipping industry, a big market of 1.2 billion people — has not reflected in the numbers it should ideally have.

GE Shipping Q1 net plunges 58% to Rs103 crore

2017-08-10 livemint
New Delhi: Great Eastern Shipping Company on Thursday posted 58% decline in consolidated net profit at Rs103.56 crore for the quarter ended 30 June, 2017. The company had posted a net profit of Rs247.82 crore in the year-ago period, Great Eastern Shipping Company said in a BSE filing.