Indian Navy, Coast Guard rescue 317 from barges in Arabian Sea (2nd Ld)

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Mumbai, May 18 | In one of the biggest search and rescue operations in the Arabian Sea, the Indian Navy (IN) and the Indian Coast Guard (ICG) rescued 314 people stranded and struggling for survival on two barges that were engulfed by Cyclone Tauktae, officials said here on Tuesday.

All the 137 people marooned on the Barge GAL Constructor have been successfully rescued by the IN and ICG teams after daring helicopter and ship operations braving extreme weather conditions, battling tall waves, heavy rains and strong winds of over 100 km/hr, near the Colaba Point.

Similarly, another 180 persons out of 273 on board Barge Papaa-305 were picked up with the help of INS Kochi, INS Kolkata, OSV Ahilya, OSV Ocean Energy and Sea King helicopters, even as the vessel sank in the sea on Tuesday morning.

Efforts are on to rescue the other people still trapped in the waters as the intensity of Cyclone Tauktae seemed to be on the wane after it made a landfall around midnight.

The Oil & Natural Gas Corporation Ltd (ONGC) said earlier on Tuesday that one of its oil exploration drilling rigs and three construction barges of Afcons Infrastructure Ltd. (AIL) were involved in the unfortunate incidents during the Cyclone Tauktae onslaught.

The vessels are ONGC Drill Ship ‘Sagar Bhushan’ and AIL’s Barge Gal Constructor which ran aground near Colaba Point, Barge Papaa-305 which has sunk and Barge Support Station-3, which is drifting northwest in the sea with two ONGC offshore vessels sent to provide assistance.

According to IN and ICG, these incidents involved a total of 707 persons of which 314 have been rescued and further operations are continuing since the past 24 hours.

Though the ONGC could not provide the total number of staff in the Bombay High Fields, around 175 km in the high seas, the company said that all its offshore installations and oil platforms were safe.

Meanwhile, Afcons said in a statement that together with its consortium partner Halani-Tes-Nauvata, it has been working with ONGC for the revamp of its unmanned offshore platforms in the Arabian Sea.

The extremely severe cyclonic storm Tauktae, reported to be the most severe storm in the last five decades, caused damage to several vessels that were deployed, including an accommodation barge, Papaa 305, Afcons said.

According to the company, the chartered barge P305 along with its marine crew was owned and operated by M/s Durmast Enterprises Limited.

“P305 had a full complement of safety equipment including life jackets and life rafts for all persons on board. We believe all personnel were safely evacuated before the vessel sank. Despite the extreme sea conditions, 182 members on board P305 have been rescued so far by the Indian Navy and Coast Guard. An intensive search and rescue operation including helicopter search operations are ongoing to locate and rescue the missing personnel. All the crew of the other vessels affected by the Cyclone are safe and accounted for,” Afcons said in a late night statement.

“The Afcons-led consortium is working closely with ONGC, the Petroleum Ministry, Indian Navy, Coast Guard, and DG (Shipping) to coordinate the rescue efforts. We shall spare no effort to ensure that the missing personnel who were aboard P305 are quickly located and rescued, and our thoughts and prayers are with their families in this very difficult time,” it added.

Source: IANS

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Does MBA really help in getting a better job offer ?

Does MBA really help in getting a better job offer ?

Most students pursuing an MBA come with the sole objective of having a decent job offer or a promotion in the existing job soon after completion of the MBA. And most of them take loans to pursue this career dream. According to a recent survey by education portal Campusutra.com  74% MBA 2022-24 aspirants said they would opt for education loans.

There are exceptional cases like those seeking master’s degree or may have a family business to take care of or an entrepreneurial venture in mind. But the exception cases are barely 1%. For the rest 99%, a management degree is a ticket to a dream job through campus placements or leap towards career enhancements. Stakes are high as many of them quit their jobs which essentially means loss of 2 years of income, apprehension and uncertainty of the job market. On top of that, the pressure to pay back the education loans. Hence the returns have to be high. There is more than just the management degree. Colleges need to ensure that they offer quality management education which enables them to be prepared for not just the demands of recruiters and for a decent job but also to sustain and achieve, all along their career path.

  • So, what exactly are the B Schools doing to prepare their students for the job market and make them industry ready ?
  •  Are B schools ready to deliver and prepare the future business leaders to cope up with the disrupted market ?  

These are the two key questions every MBA aspirant needs to ask, check and validate before filling the MBA application forms of management institutes. And worth mentioning that these application forms do not come cheap. An MBA aspirant who may have shortlisted 5 B Schools to apply for, may end up spending Rs 10,000.00 to Rs 15,000.00 just buying MBA / PGDM application forms.

While internship and placements data of some management institutes clearly indicates that recruiters today have specific demands. The skill sets looked for are job centric and industry oriented. MBA schools which have adopted new models of delivery and technology, redesigned their courses, built an effective evaluation process and prepared the students to cope with the dynamic business scenario, have done great with campus placements despite the economic slow down.

However, the skill set being looked for by a consulting company like Deloitte or KPMG may be quite different from FMCG or a manufacturing sector. Institutes need to acknowledge this fact and act accordingly.

  • Management institutes should ensure that students are intellectually engaged, self motivated and adapt to changes fast. In one word ‘VUCA ready’.
  • B Schools should encourage students to participate in national and international competitive events, simulations of business scenarios.
  • Institutes should have the right mix of faculty members with industry exposure and pure academics.

The placement records of 2021 across top management institutes indicated the fact that recruitment is happening, skilled talent is in demand and certain management institutions continued to attract recruiters even in the middle of an ongoing crisis.

It is time, all management institutes rise to the occasion, understand market realities and identify areas of improvement at both ends – students and faculty.

After all, the stakes are high at both ends. B Schools taking corrective measures will stay while those which are lagging will end up shutting down.

Author Name : Nirmalya Pal

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