Category Archives: News

World’s cheapest tablet Aakash to have more features, prices may go down

Posted on November 26, 2011 by Editor

RELATED ARTICLES World’s cheapest tablet ‘Aakash’ receives 3 lakh pre-launch bookings Aakash: World’s cheapest tablet launched; to be sold for $60 in retail Aakash: Government aims to make the $35 tablet even cheaper to $10 Aakash tab production cost less … Continue reading →

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Economy to deteriorate, say 1,119 economists surveyed in 119 countries

Posted on November 25, 2011 by Editor

WORLD economic trends, particularly in the Europe, point to a recessionary slide in coming months, according a survey of 1,119 economic specialists from business and academic institutions in 119 countries conducted by the International Chamber of Commerce and Munich’s Institute … Continue reading →

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Maersk CEO: ‘We can outlast you’ – some say ‘war of attrition’ declared

Posted on November 25, 2011 by Editor

MAERSK is frequently accused as the aggressor in a destructive war of attrition that will stands to leave the Danish shipping giant one of the few survivors and with the lion’s share of the market, reports Alphaliner in Paris. MAERSK … Continue reading →

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India’s Great Eastern to sell-off old ships to avoid maintenance costs

Posted on November 25, 2011 by Editor

MUMBAI’s Great Eastern Shipping is to sell off its older ships after the signing of a contract to dispose of it 16-year-old Jag Pratap and the dismantling of seven more to stem losses on rent. MUMBAI’s Great Eastern Shipping is … Continue reading →

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Pirate bosses face justice

Posted on November 25, 2011 by Editor

Next week, a court in the US is due to begin hearing the case against an alleged Somali pirate leader who, if found guilty, faces spending the rest of his life in prison.Mohammad Saaili Shibin is accused of piracy and … Continue reading →

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Softlink emerging as top company in India, Nasscom rated

Posted on November 17, 2011 by Editor

dstnews Mumbai : Softlink, a global technology company focused on logistics and supply chain, was rated by Nasscom as one of India’s top emerging companies. NASSCOM is the premier trade body in India of the IT-BPO industries. This prestigious honor … Continue reading →

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Shipping Corporation of India Takes Delivery of AHTS Vessel SCI Pawan

Posted on November 17, 2011 by Editor

Cochin Shipyard Limited​ delivered a 120T Bollard pull Anchor Handling Tug Supply Vessel (AHTS), “SCI Pawan”, bearing the Hull No. BY-77, to M/s. Shipping Corporation of India​, Mumbai (SCI). This is the first of the new series of 4 Nos … Continue reading →

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India: Shipping companies hit hard by high interest rates

Posted on November 17, 2011 by Editor

Shipping companies have reported a poor second quarter on the back of a drastic fall in charter rates and high interest charges and bunker cost. While leading private players – Great Eastern Shipping Company (GE Shipping) and Mercator Lines, net … Continue reading →

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Maersk May Benefit as Overcapacity Hits Rivals

Posted on November 17, 2011 by Editor

A.P. Moeller-Maersk A/S, owner of the world’s largest container line, is prepared to outlast rivals as the industry faces four years of overcapacity. “We are actually quite well positioned for a longer stretch of tough competition,” Nils Smedegaard Andersen, chief … Continue reading →

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SCI to postpone chunk of scheduled vessel orders to 12th plan

Posted on November 17, 2011 by Editor

State-owned Shipping Corporation of India (SCI) will not order more than 6-7 vessels during the terminal year of the 11th plan period due to lean market conditions, leaving a chunk of its orders for 2012-17 period. “We have ordered 26 … Continue reading →

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