The budget having given major benefits to coastal trade, more players likely to make an entry
Singapore based Greatship Global Energy Services a subsidiary of Greatship India Ltd is in an expansion mode
India’s shipping ministry draws up plan for fast track growth of the maritime sector of the country
Danish delegation now in India for developing closer ties
Chinese companies such as Sinopec, Sinochem, CNOOC, CSSC are actively pursuing partnerships worldwide, in Brazil this effort is particularly noticeable through recent partnerships with O&G players such as Petrobras, Statoil and Repsol.
Various systems being put in place in Indian ports for increasing productivity
Continuing the influx of foreign investments in Brazil´s O&G market, that has attracted investment groups from Europe, North America and Asia. Singapore state investment holding Temasek has recently acquired shares from Brazil´s Odebrecht Oil & Gas (OOG).
While bright spots of the future maritime growth are projected at the India Shipping Summit 2010, areas of discontentment too get highlighted
State-owned, Shipping Corporation of India is on an expansion mode which will see its capacity doubling within the next four years