The order comes after an ONGC ship, chartered to Singapore-based Sical, sunk off of Mumbai earlier this month. Most of ONGC's ships are chartered to companies that are involved in production and maintenance of India's largest oil field, the offshore Bombay High. ONGC Chairman R.S. Sharma told the newspaper that his company is working out a contingency plan to give its shipping contract to the Shipping Corp. of India while the audits are undertaken to avoid a major production disruption.
The contingency plan would only go into effect if any of the 27 vessels fail the safety inspection. Sixteen of the ships are chartered to Sical and the other 11 to HAL. The recalls could take as long as three months and some are expecting production to take a hit even if they pass inspection, since there is a shortage of offshore supply vessels.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now