DGS allows movement of larger-size ships thru’
The Directorate-General of Shipping (DGS), over the weekend, for the first time since the collision of ships, allowed the movement of over 12-metre draught vessels in the
This is a significant development considering that the draught level is pretty close to the actual permissible draught of the two Ports and the channel.
Meanwhile, the Navy continues to escort vessels in and out of Mumbai and
Movements of offshore supply vessels (OSVs) and mini-bulk carriers (MBCs) in and out of the two Ports are continuing without Naval escort.
The salvers have boarded MSC Chitra and have begun operations for stabilising the ship by adding ballast water in one of its tanks. The task of adding the required amount of ballast water is expected to take about 2 days.
The salvers have deployed 7 tugs for towing floating containers and 2 crane barges for lifting containers from the water. Nearly 150 boxes are still estimated to be in the sea, according to sources. Ten teams are also available for diving and rigging operations. One cargo barge has been deployed for delivery of containers to
Six boats have been deployed for continuously surveying the waters.
Source : Exim News Service - Navi Mumbai, Aug. 22
Essar issues FCCBs worth $ 280 m
Essar Shipping Ports & Logistics has announced that it issued foreign currency convertible bonds (FCCBs), aggregating $ 280 million.
The FCCBs will be listed on the Singapore Exchange Securities Trading, the company said in a release issued here.
The issue comprises $ 150 million 5 per cent convertible bonds that can be converted into ordinary shares by 2015, and $ 130 million 5 per cent convertible bonds which can be converted into shares by 2017, the release added.
Source : Exim News Service - Mumbai, Aug. 22
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