Latest news with #SupplyVessels
Time of India
03-08-2025
- Business
- Time of India
D-G Shipping crackdown, shipbuilding tensions & port concessions: What was important in the week gone by!
Advt Advt India's bid to grab a larger slice of the seafarers required by the global shipping industry has, of late, been dented by reports of unapproved private entities offering competency certificates that does not fit with the training and assessment standards set by India following a structured programme of examination, assessment and certification, as per a global treaty known as the STCW Convention adopted by the International Maritime Organisation (IMO).The Indian seafarers were lured by authorised as well as unauthorised manning agents to take up assignments on foreign flagged ships without adequate scrutiny of the fraudulent certificates issued to curb the fraudulent practices, India's Directorate General of Shipping issued an order on July 18, banning Indian seafarers holding certificates issued by the maritime administration of countries that are not recognised by India from sailing on foreign flagged order, though, sparked widespread protests over fears that it would render thousands of seafarers jobless and led to a court August 1, the day when the Bombay High Court heard the petition filed by a couple of seafarers, the D G Shipping issued a new order prohibiting foreign governments, maritime administrations, agencies, institutions, or representatives from conducting maritime training, including online or distance learning accessible in India, leading to issuance of seafarers' competency certificates under the STCW Convention, without its prior written new order strikes at the very root of the malaise and is not seen as overtly hitting the seafarers, some of whom might have wittingly or unwittingly fallen for the trap, in their desire to get jobs on board ships, and took a shortcut to attain competency certificates. It also seeks to rectify the situation by asking the unauthorised private entities to fall in line with Indian Infra reported in detail the moves by D G Shipping aimed at ensuring that India becomes a bigger supplier of quality crew to the global shipping other significant developments of the week, we reported that Prime Minister Narendra Modi 's ambitious plans for India's shipbuilding industry are facing resistance from local fleet owners due to reasons explained in this that hasn't deterred policy makers from finalising the technical specifications for constructing so-called Very Large Gas Carriers (VLGC's) India's oil and gas giant, ONGC Ltd, is scouting for local shipyards to build so-called Platform Supply Vessels that are used to support oil and gas drilling operations along the Nayara Energy is being squeezed from all sides as the latest round of sanctions by the EU on the refiner based in Gujarat has forced a couple of Indian ship owners to back out of contracts for hauling petroleum products along the coastET Infra also reported how the Andhra Pradesh government led by N Chandrababu Naidu facilitated a key captive port facility for the integrated steel plant proposed by ArcelorMittal Nippon Steel India by tweaking the concession agreement for the Kakinada Gateway Port Let us know what stood out most this week and how we can make your infra brief even more insightful.
Time of India
31-07-2025
- Business
- Time of India
ONGC scouts for local yards to build four platform supply vessels
MUMBAI: State-owned Oil and Natural Gas Corporation Ltd ( ONGC ), India's biggest oil and gas explorer, is scouting for public sector yards to build four so-called Platform Supply Vessels under a government-mandated plan to boost the domestic shipbuilding industry . Platform Supply Vessels are specially designed ships which provide various services and support to offshore oil and gas exploration and production activities. These vessels play a critical role in the logistics and operations of offshore oil and gas platforms. The cost of a new Platform Supply Vessel can vary significantly, ranging from $15 million to $53.6 million or more, depending on size, specifications, and the shipyard. A large PSV (4,500 dwt) could cost around $54 million, while a small to medium-sized one could come at a price tag of between $15 to $30 million, according to a ship broker. ONGC has started preliminary discussions with all the public sector shipyards for building the PSVs and a limited purpose tender is expected to be floated soon for finalising the contract, a source with knowledge of the plan said. The state-owned yards being sounded out for the order includes Cochin Shipyard Ltd , Hindustan Shipyard Ltd, Mazagon Dock Shipbuilders Ltd and Garden Reach Shipbuilders and Engineers Ltd. Following a request from an inter-ministerial joint working group set up last year, state-run oil companies have indicated that they require some 112 ships, including 30 Medium Range oil tankers, 24 very large gas carriers and four offshore vessels over the next 10-15 years. The joint working group has asked oil companies to float tenders for building ships locally and a technical working group has been set up to extend support in writing procurement and tender documents as they lack experience in this. The vessel specifications for MR tankers and very large gas carriers have been frozen, and the effort now is to draw up the procurement and tender documents. ONGC and Indian Oil Corporation Ltd will likely be the first among PSU oil companies to kick off government plans to build ships locally to support and grow the domestic shipbuilding industry. 'Currently, most of the ships required by ONGC are hired from the market, including those registered overseas. ONGC wants to own a few vessels of different categories as a strategic asset to avoid market fluctuations resulting in extremely high charter hire rates or non-availability of ships,' a government source said. The plan is being pursued very actively, the source said, noting that ONGC requires special purpose vessels such as diving support vessels, well stimulation vessels, geo technical investigation vessels, anchor handling tugs, platform supply vessels, offshore supply vessels and tankers to support its oil and gas exploration activities. ONGC could not be reached immediately for comment.
