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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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