Pipavav Shipyard and Cochin Shipyard eyes four icebreaker ships
PORTS & SHIPPING

Pipavav Shipyard and Cochin Shipyard eyes four icebreaker ships

Swan Energy-promoted Reliance Naval and Engineering Ltd (RNEL) and state-owned Cochin Shipyard Ltd are in advanced talks with Russia to construct two non-nuclear icebreaker ships each in a government brokered deal estimated to cost over Rs 40 billion for Russia’s state-owned nuclear energy company ROSATOM to support its Northern Sea Route (NSR) development plan, multiple sources said. A top-level team from Swan’s shipyard located at Pipavav in Gujarat, comprising its Chief Executive Officer, Rear Admiral Vipin Kumar Saxena, (IN Retd), visited Moscow in early December to discuss the ice breaker shipbuilding order, a government official briefed on the visit said.Describing the three-day trip as “very successful”, the government official said, “Russia wants Pipavav Shipyard and Cochin Shipyard to finalise the order and start as soon as possible”. An icebreaker ship is used to break ice which makes it easier to melt, becoming water that absorbs more sunlight. Icebreakers play a crucial role in providing response capacity for crises and disasters in ice-covered waters. Russia is pitching the Northern Sea Route as an alternate global shipping lane, offering quicker transit time between Northern Europe and East Asia than the conventional Suez Canal route. Russia’s keenness to build four ice breaker ships in India has been bolstered by the return of President elect Donald Trump to the White House. “You can see Trump openly supporting Russia and vice versa with Putin. The Russians are very gung-ho about Trump taking over as President of the United States of America in mid-January when things are expected to fall in place,” the official said. Russia is enticing Indian yards to build the ice breaker ships for ROSATOM, holding out a promise to order big ships later, he said. “Russia wants to do everything with us; you take big bulkers, tankers and container ships especially with shipbuilding being given a thrust by the government. And, Prime Minister Narendra Modi and Russian President Putin are syncing well,” the official said.

Swan Energy-promoted Reliance Naval and Engineering Ltd (RNEL) and state-owned Cochin Shipyard Ltd are in advanced talks with Russia to construct two non-nuclear icebreaker ships each in a government brokered deal estimated to cost over Rs 40 billion for Russia’s state-owned nuclear energy company ROSATOM to support its Northern Sea Route (NSR) development plan, multiple sources said. A top-level team from Swan’s shipyard located at Pipavav in Gujarat, comprising its Chief Executive Officer, Rear Admiral Vipin Kumar Saxena, (IN Retd), visited Moscow in early December to discuss the ice breaker shipbuilding order, a government official briefed on the visit said.Describing the three-day trip as “very successful”, the government official said, “Russia wants Pipavav Shipyard and Cochin Shipyard to finalise the order and start as soon as possible”. An icebreaker ship is used to break ice which makes it easier to melt, becoming water that absorbs more sunlight. Icebreakers play a crucial role in providing response capacity for crises and disasters in ice-covered waters. Russia is pitching the Northern Sea Route as an alternate global shipping lane, offering quicker transit time between Northern Europe and East Asia than the conventional Suez Canal route. Russia’s keenness to build four ice breaker ships in India has been bolstered by the return of President elect Donald Trump to the White House. “You can see Trump openly supporting Russia and vice versa with Putin. The Russians are very gung-ho about Trump taking over as President of the United States of America in mid-January when things are expected to fall in place,” the official said. Russia is enticing Indian yards to build the ice breaker ships for ROSATOM, holding out a promise to order big ships later, he said. “Russia wants to do everything with us; you take big bulkers, tankers and container ships especially with shipbuilding being given a thrust by the government. And, Prime Minister Narendra Modi and Russian President Putin are syncing well,” the official said.

Next Story
Infrastructure Urban

Andhra Pradesh to Develop 30,000 Women-Led Enterprises by 2025

The Municipal Administration and Urban Development (MAUD) Department is accelerating efforts to create sustainable livelihoods for women in urban areas, in line with Chief Minister Nara Chandrababu Naidu’s goal of fostering one lakh women entrepreneurs by 2025. Under this initiative, the MAUD Department has set a target to establish 30,000 women-led enterprises across towns and cities in Andhra Pradesh. To support this vision, the department plans to establish Micro, Small & Medium Enterprises (MSMEs) for women in TIDCO housing complexes. Vacant plots across 163 colonies have been earmarked ..

Next Story
Infrastructure Energy

G Kishan Reddy discusses mining expansion, clearances with Chhattisgarh CM

Coal and Mines Minister G Kishan Reddy met Chhattisgarh CM Vishnu Deo Sai on Friday to expedite land acquisition and environmental clearances for mining projects. Reddy, who was on a two-day visit to review operations at South Eastern Coalfields Ltd (SECL), discussed measures to boost mining-led economic growth in the state. Key topics included speeding up land acquisition for mine expansions, obtaining quicker environmental approvals, and setting up integrated rehabilitation and resettlement sites. The minister also highlighted the importance of developing critical minerals in the region, alo..

Next Story
Infrastructure Urban

NITI Aayog's Vision for India's Auto Industry

NITI Aayog has launched the report titled "Automotive Industry: Powering India’s Participation in Global Value Chains," offering a roadmap for the country’s automotive future. Released by Shri Suman Bery, Vice Chairman, the report outlines key strategies to grow India’s automotive sector to $145 bn in component production by 2030. India is currently the fourth-largest automobile producer globally, but with only a modest three per cent share in the global automotive component market. The report emphasises the need to strengthen India’s position through competitive manufacturing, skill d..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?