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Govt. Updates Guidelines on Shipbuilding Financial Assistance Policy

New Delhi: Port Wings News Network: To promote Government of India’s ambitious ‘Make in India’ programme and to encourage domestic shipbuilding by providing a level playing field vis-a-vis foreign shipyards, the Government had approved the Shipbuilding Financial Assistance Policy for Indian Shipyards in December 2015. This policy provides Rs. 4000 …

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Schulte Marine Concept Wins First Cruise Ship Newbuilding Contract

Chennai: Port Wings News Network: Schulte Marine Concept (S.M.C), the project management arm of leading international maritime services company Bernhard Schulte Shipmanagement (BSM), working together with Bernhard Schulte Cruise Services (BS Cruise), has won its first cruise ship contract with Portugal-based Mystic Cruises. According to a media statement, Schulte Marine …

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Hapag-Lloyd Successfully Completes Capital Increase

Chennai: Port Wings News Network: Hapag-Lloyd has successfully completed the capital increase with subscription rights agreed upon on 28 September 2017. By partially utilizing the authorized capital, the gross issue proceeds amount to approximately EUR 352 million (approx. USD 414 million). 96.5 percent of the existing shareholders exercised their subscription …

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DNV GL Rolls Out Electronic Certificates Across Entire Fleet

Chennai: Port Wings News Network: In a historic first for the ship classification industry, DNV GL has commenced the roll out of IMO compliant electronic class and statutory certificates across its entire fleet. The widespread use of electronic certificates will result in significant efficiency gains for ship owners, charterers, regulators …

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Gadkari Exhorts Stakeholders To Manufacture Bio-Fuel Compliant Engines

Panaji: Port Wings News Network: In a bid to reduce pollution at sea, Indian government has initiated talks with engine manufacturers including Wartsila, Cummins among others to make bio-fuel compliant engines for Indian shipping vessels, Mr Nitin Gadkari,  Minister for Road Transport, Highways and Shipping, has said. Addressing the opening …

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CMA CGM To Launch Indian Ocean Feeder 4

Chennai: Port Wings News Network: To support the positive commercial exchanges in the dynamic Indian Ocean market and increase the reliability of their service in the region, CMA CGM has announced the launch of a 5th service. According to a media statement from the company, starting October 21, m/v MCP …

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