Shipping Corporation to induct two second-hand Very Large Gas Carriers
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Time of India
3 days ago
- Time of India
India prepares groundwork for constructing Very Large Gas Carriers locally
Advt Advt By , ETInfra The government is laying the groundwork for constructing five so-called Very Large Gas Carriers (VLGCs) locally with a Ship Technical Advisory Committee set up by an inter-ministerial Joint Working Group (JWG) finalising the technical specifications of the vessels that are used to haul Liquefied Petroleum Gas (LPG).'The Ship Technical Advisory Committee (STAC) has finalised the technical specifications of the VLGC to be built at Indian shipyards at a meeting on Tuesday. It will be submitted to the JWG soon to take the plan forward,' said a source briefed on the costs some $120-125 million to build a 93,000 cubic metre VLGC from scratch in the current STAC had done a similar exercise previously for building Medium Range (MR) finalisation of the VLGC technical specifications comes in the wake of opposition from the Indian National Shipowners' Association (INSA), a lobby group for local fleet owners, on constructing MR tankers has told the government that there are an adequate number of MR tankers operating under the Indian flag to meet the requirements of the oil companies. Hence, it suggested that the government could look at 'other sectors and segments' of shipping where India is facing a shortfall such as VLGCs. India, according to INSA, has more than 30 MR tankers in its fleet against the requirement of some 18 such ships by the state-run oil companies.'INSA is against building ships locally. For some strange reasons, they prefer to buy second hand ships from abroad,' the source said.'INSA doesn't want the MR tankers to be manufactured here. They are saying you go for VLGC because there is no requirement for MR tankers,' the source stand was not acceptable to the government.'Today there may be no requirement for MR tankers but by the time these tankers are built by 2030 there will be a requirement plus there will be an increase in business after five years. Who is going to fill this gap,' the source 21 of the more than 30 MR tankers operating under the Indian flag are old and have to be replaced over the next 5 years. Who will build the ships and when will India create shipbuilding facilities,' he said.'INSA has a single agenda: to buy second-hand vessels from abroad. That is why they are looking to block the construction of MR tankers locally. So, much work has been done, including finalising the technical specifications of the MR tankers, which was submitted to the government. Even then they are not in favour of building MR tankers here,' the source is said to be one of the reasons why Indian Oil Corporation Ltd (IOCL) has delayed floating a tender to buy 10 MR tankers from Indian yards, for which the Prime Ministers' Office (PMO) had set a June 15 deadline.'The PMO gave a clear order, whatever it may be, to float the tender by 15 June,' the source top brass of the Ministry of Petroleum and Natural Gas is understood to have told a JWG meeting in early June about the deadline set by the PMO and wanted the tender process to be the state-run oil companies dithered on the way forward citing high project costs and other issues, a top MoPNG official is believed to have said at the JWG meeting that the order has come from the PMO and the tender has to be oil companies were categorically told by the MoPNG that even if the costs are high, to treat it as a 'strategic project' for the country and take approval from its board for any waivers ahead of floating the tender.'Still, they haven't done it,' the source said.A JWG meeting scheduled for June 23 had to be postponed as Indian Oil Corporation, the common nodal agency for issuing the tender on behalf of the oil companies, could not meet the June 15 deadline on floating the this time, INSA got into action and told T K Ramachandran, Secretary, Ministry of Ports, Shipping and Waterways that India 'require VLGC, not MR tankers', according to a source with knowledge of the discussions.
The Hindu
4 days ago
- The Hindu
From The Hindu, July 29, 1975: Cargo booking by Railways to Sri Lanka likely
Tiruchi, July 28: Cargo booking by the Indian and Sri Lanka railways through Rameswaram and Talaimannar is likely to be resumed shortly. Preliminary discussions in this connection between officials of the Sri Lanka Railways and the Southern Railway were held here to-day. Mr. V.T. Navaratne, General Manager, Mr. G.P.S. Weera Suriya, Operating Superintendent, and Mr. C. Nadarajan, Chief Commercial Superintendent of the Sri Lanka Railways, Mr. B. Natarajan, Chief Commercial Superintendent representing the General Manager of the Southern Railway and his colleagues participated in the discussions. The Emigration and Immigration Officers, Customs officials, Mr. Narayanaswamy of the Shipping Corporation of India, Mr. M.N. Balasubramanian, Divisional Superintendent, Southern Railway, Madurai Division also took part in the discussions. Following the cyclone in 1965 which blew off the Danushkodi pier, goods booking between the Indian and Sri Lanka Railways was suspended. While the booking of passenger traffic at Talaimannar and Rameswaram continued the Railways have not been booking cargo bound for Sri Lanka which are being routed through ships. At the conclusion of the discussions, Mr. Navaratne said that before 1965 Sri Lanka used to receive over 73,000 tonnes cargo every year by Railway booking. With just three hours for the streamer to cross the sea — a distance of 27 miles — there was very good booking from the southern districts of Tamil Nadu to Sri Lanka. The General Manager said, the pattern of cargo has now been completely changed and the Sri Lanka Railways was anxious to provide quick service for the movement of engineering and industrial goods from India to Sri Lanka through Railway booking.
The Hindu
21-07-2025
- The Hindu
NRDC, RINL renew agreement on value-added services
The National Research Development Corporation (NRDC) and Rashtriya Ispat Nigam Limited (RINL) on Monday exchanged an addendum to the Memorandum of Agreement (MoA) to continue their collaboration. Under the renewed agreement, NRDC will continue to provide a suite of value-added services including intellectual property (IP) management, IP valuation, commercialisation support, and end-to-end technology transfer services to RINL. This comprehensive support aims to enhance RINL's capabilities in protecting, evaluating, and monetising its in-house innovations. This renewed partnership reinforces the shared commitment towards fostering innovation, promoting indigenous technologies, and advancing the national goal of self-reliance in steel manufacturing, according to a statement issued by NRDC, Visakhapatnam. Over the past five years, under the previous agreement, NRDC facilitated IP services that enabled RINL to file and secure the grant of 12 patents for in-house developed technologies in steel manufacturing, significantly contributing to Atmanirbhar Bharat. The new addendum to the MoA marks a continued journey of technological excellence and strategic IP management. RINL's R&D Centre, which serves as the nodal agency for IPR activities within the organisation, plays a pivotal role in coordinating innovation-led initiatives and aligning them with strategic industrial goals. The addendum to the MoA was exchanged in the presence of senior officials from both organisations. From RINL, Ranjan Mohanty, CGM (Works) I/c, Ruchira Gupta, head of R&D Centre, and T. Goutham, GM (Iron and Technology), and representing NRDC were B.K. Sahu, head (Outreach), and Bhavya, NRDC-Visakhapatnam participated in the proceedings, the release added.
