Home Business

PPT files case against owners of sunken vessel

BS Reporter / Kolkata/ Bhubaneswar October 12, 2009, 0:30 IST The Paradeep Port Trust (PPT) authorities have filed a case against the owner of the sunken vessel Black Rose, its management company and also the Kolkata-based shipping agency Sea Trans Marine Private Limited for submission of fake documents and non-cooperation in retrieving oil from the vessel, which sank near the port a month back. Oil rises on bullish US manufacturing data Pravat Nanda, secretary, PPT lodged an FIR with the marine police station in Paradeep against the Singapore-based Black Rose Maritime Limited, the vessel owner, PANCAR Shipping Limited, the vessel"s management company, also based out of Singapore and Sea Trans Marine Private Limited. Tejraj Patel, the inspector in charge of the marine police station said, police has registered a case against the owner, management company and agency of the sunken vessel on Friday under Sections 419, 467 and 471 of the Indian Penal Code. Sources said the sunken vessel was without any valid document. Even the insurance papers submitted by the vessel owner were found to be fake. Nimain Panda, president, Paradeep Port Mazdoor Congress said, “these irregularities have been done with the knowledge of Sea Trans Limited. The ship has no Protection & Indemnity Club certificate and it was only registered under the South England Association in which there is a wreck-removal clause.” “It was astonishing that that the insurance coverage of the ship was from July 11, 2008 to February 3, 2009. The insurance was not valid when the ship capsized. High percentage of moisture in the loaded cargo of the vessel is one of the causes for the mishap”, he added.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

News of the day
Ticket-seeking for Jharkhand
While ticket distribution for Jharkhand elections was on, hundreds of aspirants thronged the Congress headquarters. The Congress managers, desperate to avoid this crowd, met at various undisclosed locations. But this could not save all the leaders. One day, K Kesava Rao, the general secretary in charge of Jharkhand, came to his office at 24, Akbar Road, to take some documents when an irate crowd gheraoed him. Rao was almost physically assaulted amid a heated exchange of words as the aspirants accused him of taking bribes. Congress workers in the office had to rush in to rescue Rao.
Popular Articles
payday loans

Industry vertical market IT-spend dips 6.8% in 2009 : Gartner
Worldwide industry vertical market IT spending is projected to total $2.28 trillion in 2009, a 6.8 percent decline from 2008, according to Gartner, an information technology research and advisory company . Analysts predict the market will return to growth in 2010, when it will grow at 2.3 percent to reach $2.34 trillion.

Nifty slips below 4,950 intra-day
The Nifty closed marginally above the support level of 4,940 on short-covering at lower levels. The trading pattern in the Nifty futures and options suggests the index may fall below the 4,900 mark soon. The 5,000 call option added 2.24 million shares in open interest (OI), mostly through change of hands and sell-side trades, indicating strong resistance above the 5,000 level.