Shipping News

It's stake sale by investor, not equity dilution: Pipavav   

30 May 2011, 11.22 am  |  Source: CNBC-TV18

Nikhil Gandhi, chairman, Pipavav Shipyard, talks to CNBC-TV18 about the expected stake sale of the company and highlights the way forward....

See improvement in LPG, offshore markets in FY12: Varun Ind   

27 May 2011, 1.39 pm  |  Source: CNBC-TV18

In an interview with CNBC-TV18 Yudhishthir Khatau, MD, Varun Shipping spoke about the performance of the company and the road ahead....

Shreyas Shipping sees huge growth in logistic arm   

26 May 2011, 5.38 pm  |  Source: CNBC-TV18

In an interview with CNBC-TV18, Vinay Kshirsagar, CFO of Shreyas Shipping, spoke about the company’s fourth quarter performance and the road ahead. ...

Shreyas Shippin Mar '11 sales at Rs 33.93 crore  

26 May 2011, 12.58 pm  |  Source: Moneycontrol.com

Shreyas Shipping has reported a sales turnover of Rs 33.93 crore and a net profit of Rs 0.10 crore for the quarter ended Mar '11...

Varun Shipping gets contract from Brazil's Petrobras  

18 May 2011, 3.11 pm  |  Source: Moneycontrol.com

Varun Shipping Company has signed Rs 690 crore four year contract with Brazil state firm Petrobras to supply three anchor handling towing and supply v...

Great Offshore Mar '11 sales at Rs 216.34 crore  

16 May 2011, 5.28 pm  |  Source: Moneycontrol.com

Great Offshore has reported a sales turnover of Rs 216.34 crore and a net profit of Rs 47.73 crore for the quarter ended Mar '11...

Seamec Mar '11 sales at Rs 28.01 crore  

13 May 2011, 3.55 pm  |  Source: Moneycontrol.com

Seamec has reported a sales turnover of Rs 28.01 crore and a net loss of Rs 24.88 crore for the quarter ended Mar '11...

GE Shipping Mar '11 sales at Rs 319.76 crore  

13 May 2011, 3.33 pm  |  Source: Moneycontrol.com

Great Eastern Shipping Company has reported a sales turnover of Rs 319.76 crore and a net loss of Rs 31.96 crore for the quarter ended Mar '11...

Great Offshore Q4 net dips 33%  

12 May 2011, 8.42 pm  |  Source: PTI

Integrated oilfield services provider Great Offshore today said its net profit dipped by 33% to Rs 47.7 crore for the fourth quarter ended March 31, d...

Essar spins off shipping business from ports   

10 May 2011, 12.02 pm  |  Source: CNBC-TV18

Essar Shipping, Ports and Logistics is undergoing major restructuring where it will be split into two - Essar Ports Ltd, and the new entity, Essar Shi...

GE Shipping cuts shipping exposure; to focus on offshore  

10 May 2011, 8.12 am  |  Source: Reuters

Great Eastern Shipping Co is planning to redeploy cash from its shipping business, where it is cutting exposure by selling three large vessels, and fo...

GE Shipping Q4 cons net profit at Rs 10.8 cr  

07 May 2011, 12.00 pm  |  Source: Moneycontrol.com

Great Eastern Shipping has reported fourth quarter consolidated net profit of Rs 10.8 crore and total income of Rs 600 crore....

SKS Logistics Mar '11 sales at Rs 8.69 crore  

03 May 2011, 6.30 pm  |  Source: Moneycontrol.com

SKS Logistics has reported a sales turnover of Rs 8.69 crore and a net profit of Rs 0.51 crore for the quarter ended Mar '11...

Essar Shipping Q4 PAT down 78% at Rs 13.9 cr  

03 May 2011, 3.32 pm  |  Source: Moneycontrol.com

Essar Shipping has announced its fourth quarter results. The company's Q4 net profit was down 78% at Rs 13.9 crore versus Rs 63.5 crore....

Garware Offshor Mar '11 sales at Rs 38.73 crore  

03 May 2011, 1.11 pm  |  Source: Moneycontrol.com

Garware Offshore Services has reported a sales turnover of Rs 38.73 crore and a net profit of Rs 5.88 crore for the quarter ended Mar '11...

Garware Offshore expects good number in future quarters   

28 Apr 2011, 5.00 pm  |  Source: CNBC-TV18

Sandeep Akolkar, President Finance at Garware Offshore, in an interview with CNBC-TV18's Latha Venkatesh and Gautam Broker, gave his perspective of th...

ABG Shipyard in talks for shipbuilding JV in Nigeria  

26 Apr 2011, 1.53 pm  |  Source: Reuters

ABG Shipyard is in talks with the Nigerian government and private equity investors to build a shipyard in Nigeria through a joint venture in which the...

Chowgule Steam Mar '11 sales at Rs 9.09 crore  

25 Apr 2011, 11.49 am  |  Source: Moneycontrol.com

Chowgule Steamships has reported a sales turnover of Rs 9.09 crore and a net loss of Rs 0.67 crore for the quarter ended Mar '11...

Pipavav Shipyard in talks to sell stake to foreign player  

19 Apr 2011, 6.16 pm  |  Source: Reuters

Pipavav Shipyard is in advanced talks to sell stake to an international shipyard and a deal is likely within the next two weeks, a source with direct ...

SCI to buy 2 bulk carriers from Chinese shipyard  

18 Apr 2011, 9.19 am  |  Source: Reuters

Shipping Corp of India has signed contracts for acquisition of two resale Supramax bulk carriers with China's Grand Yard Investments Ltd, the Indian f...

SCI inks contracts for buying 2 resale bulk carriers  

16 Apr 2011, 3.55 pm  |  Source: PTI

The Shipping Corporation of India (SCI) has signed contracts for acquisition of two resale Supramax bulk carriers with M/s Grand Yard Investments Ltd....

Shipping arm to take 1 month to get listed: Essar Shipping   

11 Apr 2011, 3.31 pm  |  Source: CNBC-TV18

Rajiv Agarwal, CEO and MD, Essar Shipping, in an interview with CNBC-TV18’s Anuj Singhal and Latha Venkatesh, spoke about the latest happenings in his...

Garware Offshore bags order worth Rs 13.10 crore per annum for 3 years  

08 Apr 2011, 6.53 pm  |  Source: Moneycontrol.com

Garware Offshore has bagged order worth Rs 13.10 crore per annum for 3 years from an Exploration & Production company....

Shipping Min plans to cut subsidy to 15% from 30%: Sources   

08 Apr 2011, 10.47 am  |  Source: Moneycontrol.com

Shipping Secretary says "Do not expect ship-building subsidy soon. The timeline remains uncertain for ship-building subsidy. The proposed ship buildin...

Pipavav eyes overseas buys, large Indian defence deals  

01 Apr 2011, 2.31 pm

Shipbuilder Pipavav Shipyard is looking to buy overseas firms that cater to the oil and gas and defence sectors and will set up a second dry dock faci...

GE Shipping takes delivery of new building Supramax Dry Bulk Carrier  

28 Mar 2011, 6.08 pm  |  Source: Moneycontrol.com

GE Shipping takes delivery of new building Supramax Dry Bulk Carrier....

Ovira Logistics buys 7.7% in Pipavav Shipyard  

21 Mar 2011, 6.18 pm  |  Source: Reuters

Ovira Logistics Pvt Ltd has bought 51.1 million shares or about 7.7% in Pipavav Shipyard at Rs 80.83 a share, bulk deal data from the BSE showed on Mo...

Seamec enters into contract with National Petroleum Construction  

18 Mar 2011, 3.37 pm  |  Source: Moneycontrol.com

Seamec has entered into contract with National Petroleum Construction for charter hire of its vessel....

Bharati Shipyard-Apeejay shipbuilding JV on hold  

18 Mar 2011, 3.00 pm  |  Source: Reuters

Bharati Shipyard's joint venture to build ships with higher tonnage in West Bengal and Orissa has been put on hold due to uncertain demand for such ve...

Bharati Shipyard sees earnings going up in next six months   

17 Mar 2011, 11.10 am

PC Kapoor managing director of Bharati Shipyard and the executive director of Great Offshore says that the company is confident of turning around the ...