By Julia Simon and Nidhi Verma NEW YORK/NEW DELHI, Oct 17 (Reuters) - India is set to emerge as a key market for American crude exports in coming months, as refineries in that country are ramping up "test" purchases of U.S. grades to diversify their imports. U.S. exports recently set a weekly record with nearly 2 million barrels of crude a day sent overseas. But shipments to … [Read more...]
The Chennai Six – Justice for Crew of M/V Seaman Guard Ohio
By Captain George Livingstone - Some stories are worth telling over, this is one. Perhaps the reader will recall a rather spectacular international story from 2013 regarding an anti-piracy ship called the ‘Seaman Guard Ohio’. It was a floating armory ship owned by an American company named AdvanFort. The ship contracted and supplied mobile ‘anti-piracy’ … [Read more...]
India’s Cochin Shipyard Makes Strong Market Debut After $225 Million IPO
MUMBAI, Aug 11 (Reuters) - India's Cochin Shipyard Ltd shares rose more than 20 percent on their trading debut on Friday after a $225 million initial public offering, as investors bet on strong growth prospects for the state-run company buoyed by a flagship government programme and push to localise defence manufacturing. The stock was trading at 514 rupees by 0600 GMT, 19 … [Read more...]
Cochin Shipyard’s $231 Million IPO Showing Signs of ‘Strong Interest’
Aug 3 (Reuters) - Cochin Shipyard Ltd's initial public offering, which aims to raise up to 14.68 billion rupees ($231 million), was subscribed more than 76 times on the last day of the sale on Thursday, indicating strong interest in the state-run shipbuilder. Investors bid for about 2.59 billion shares, compared with nearly 34 million shares on offer, data from stock … [Read more...]
India Seizes Record 1,500 kg of Heroin from Ship Off Coast
By Sudarshan Varadhan NEW DELHI, July 30 (Reuters) - India's navy seized a ship carrying about 1,500 kg of heroin worth 35 billion rupees ($545 million) on Sunday in what it said was its biggest ever drugs haul. The vessel, which was operating under the name MV Henry under the Panama flag, was intercepted off the Gujarat coast near the city of Porbandar, said S. Paramesh, … [Read more...]