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25-year-old Vishnu Babu went missing from SSI Resolute last Tuesday.
"Search and rescue operations have successfully found 10 crew members of the oil tanker Prestige Falcon, 9 found alive.
The Comoros-flagged oil tankre had a 16-member crew.
The Kerala Maritime Board has already initiated discussions with private shipping companies to promote coastal shipping.
Keralite Ann Tessa Joseph, the sole woman cadet among the Indian crew, was released earlier.
The Chinese-owned 'Advantage Sweet' was seized by the Iran Navy in the Gulf of Oman on Thursday.
The decision was taken by the company citing the failure of authorities in setting up the required infrastructure for moving cargo and the non-sanctioning of incentives.
The vessel was carrying about 2 million barrels of Kuwait oil valued at roughly $90 million to the Paradip refinery when fire broke out in the engine on September 3.
Four-star facilities are available on the ship, named after the legendary Egyptian queen.
The tide is definitely turning for Kochi with a whole new wave of opportunities as the Queen of the Arabian Sea is looking at the future with confidence.
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