Fire Engulfs OSV in Bay of Bengal

A major fire engulfed an offshore supply vessel off the coast of India in the Bay of Bengal on Monday, leaving one person dead and another missing, the Indian Coast Guard reported. The fire started around noon on Monday onboard the India-flagged Coastal Jaguar as it was off the Visakhapatna. Video shared online shows crew members abandoning the burning vessel as crews … [Read more...]

Fire Erupts on APL Containership Off India

By Alexander Whiteman (The Loadstar) - Fire has swept through several containers aboard the APL Le Havre just days after carriers announced they would impose heavy fines on misdeclared dangerous goods. The Ministry of Defence in Gujarat State said fire had forced a diversion of the 10,100 teu vessel on Friday night, after it left Karachi en route to Mumbai. Reports claim … [Read more...]

Warming Waters Heat Up Fishing Costs Along India’s Coast

by Colin Daileda (Thomson Reuters Foundation) Thankachan Polayalil has been a fisherman for 42 of his 65 years, long enough to remember when fish were visible from land, brimming just beyond the palm trees of the Malabar Coast. Now his boat is equipped with an echolocation machine, but fish still are hard to find – and the catch isn’t nearly as diverse. The anchovies are … [Read more...]

India State-Owned Garden Reach Shipbuilders IPO Shows Weak Response

Sept 26 (Reuters) - State-owned Garden Reach Shipbuilders & Engineers Ltd's initial public offering (IPO) to raise up to 3.45 billion rupees ($47.45 million) received weak response from investors with only 67 percent of the shares on offer being subscribed on the closing day on Wednesday. Investors bid for around 19.7 million shares of the defence shipbuilder, compared … [Read more...]