Author Archives: admin

Indian Coastal Shipping (Liquid) , untapped potential : Sudesh Kamath

This year, ODFJELL is celebrating 100 years of its existence. ODFJELL is a leading company in the global market for transportation and storage of bulk liquid chemicals and other specialty bulk liquids. Established in 1914 in Bergen , Norway , … Continue reading

Posted in Interviews | Leave a comment

Death toll from sunken Korean ferry continues to rise

The death toll from the sunken South Korean ferry has continued to rise as scores of people remained missing. At least 64 people have died in the accident and 238 are still not found, the South Korean coast guard updated … Continue reading

Posted in Shipping News | Leave a comment

Coming JNPT terminal may help deal with overcapacity

Adani Group-promoted Mundra Port and neighbour Pipavav might have enjoyed the spillover from the Jawaharlal Nehru Port Trust (JNPT), India’s largest container port, in the past few years. But, with the commissioning of the fourth container terminal at JNPT, dynamics are set … Continue reading

Posted in Local News, Port News, Shipping News | Leave a comment

Hong Kong container volumes rise 9% in March

Container throughput at the port of Hong Kong rose 8.7% to 1.99m teu in March from 1.83m teu in the same month last year. The main Kwai Tsing terminals saw an 8.3% rise to 1.54m teu while the non-Kwai Tsing … Continue reading

Posted in Port News, Shipping News | Leave a comment

Daily Maersk fails to meet expectations, faces more competition

“DAILY Maersk”, once thought revolutionary when introduced three years ago, has not lived up to expectations, failing to outstrip competitors on the Asia-North Europe trade, according to Paris-based Alphaliner analysts. Competitors have also lined up to increase sailing frequencies through … Continue reading

Posted in Shipping News | Leave a comment

CIL drops plans to enter shipping business

State-run Coal India Ltd (CIL) has dropped its plan to enter the shipping business because of lack of demand for the fuel imported by the miner. Coal India, the world’s largest coal miner, had planned to form a partnership with Shipping Corp. of … Continue reading

Posted in General News, Local News, Shipping News | Leave a comment

Global steel demand set to grow at 3.3% this year

Global steel demand is likely to grow at a faster pace of 3.3 per cent this year, driven by rising demand for the commodity from India, Brazil, Russia, West Asia and North Africa, according to a report. “Global steel demand is forecast … Continue reading

Posted in General News | Leave a comment

OVL’s crude oil output jumps 26% in 2013-14

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), has reported a 26% jump in crude oil production in 2013-14 as recent acquisitions offset a natural decline in older fields. OVL produced 5.491 million tons of crude oil from … Continue reading

Posted in Uncategorized | Leave a comment

Barclays To Exit Some Commodities Markets

Barclays is planning to withdraw from parts of the metals, agricultural and energy markets, echoing moves by other major players like JPMorgan Chase and Morgan Stanley away from the commodities business, the Financial Times reported on Sunday. The UK bank is expected to … Continue reading

Posted in General News | Leave a comment

Circular from BRIHANMUMBAI Custom House Agents’ Association

All Members of the Association Sub. : BCHAA Smart Cards and Group Accidental Insurance Coverage  (BGAIP) As informed in various meeting to our members, Member can now apply for the NEW BCHAA  SMART CARDS from the BCHAA Website under the … Continue reading

Posted in Local News, Shipping News | Leave a comment

India’s Iron and Steel imports rise 19.04% in March

India’s iron and steel imports rose 19.04% to US $730.69 mn, according to InfodriveIndia.com, a premier research agency. The finding is based on irone and steel market data compiled from import bills of entry filed at Indian customs through March … Continue reading

Posted in General News, Local News, Shipping News | Leave a comment

India’s Reliance Jan-Mar quarter gross refining margin down 7.9% on year at $9.30/b

Indian refining and petrochemical giant Reliance Industries Ltd. Friday reported a 7.9% year-on-year decline in its gross refining margin for the January-March quarter, to $9.30/barrel. However, the company showed an increase of 22.3% over the previous quarter, as demand bounced … Continue reading

Posted in Energy News, General News, Local News, Shipping News | Leave a comment

Gazprom sends Russia’s first-ever Arctic crude cargo to international market

Russian gas giant Gazprom has sent the first cargo with crude produced at the Prirazlomnoye offshore field — the country’s only Arctic offshore hydrocarbon project — to the international market, the company said Friday. “ARCO, or Arctic Oil, the new … Continue reading

Posted in Shipping News | Leave a comment

Shipping Issues Arising Out Of The Ukraine Crisis

The situation in Ukraine remains fluid and, with events moving quickly, very little is certain. Attention is focused on the Crimea with rumours in early March of Russian naval vessels at times blockading the Kerch Straits which, if true, would … Continue reading

Posted in Shipping News | Leave a comment

Russia agrees to ship 23 million mt of crude to Belarus in 2014

Russia has agreed to ship 23 million mt of crude to Belarus this year, a spokeswoman for the Russian Energy Ministry said Friday. Russia is planning to ship 21 million mt by pipeline and a further 2 million mt by … Continue reading

Posted in Shipping News | Leave a comment

South Korean LPG importer SK Gas taps into coal-fired power generation business

SK Gas, South Korea’s largest LPG importer, said Friday it has decided to pay Won 171.6 billion ($165.5 million) for a 19% stake in a joint venture building a coal-fired power plant on the country’s southeastern coast. “The board of … Continue reading

Posted in Shipping News | Leave a comment

ER Schiffahrt: More will be expected from charter owners by ocean carriers

SHIPOWNER shipmanager ER Schiffahrt CEO Hermann Klein said container lines will be demanding much more from tonnage providers, shipowners that charter vessels to ocean carriers. That means “low charter rates, low fuel consumption, the highest reliability, flexibility, dedicated shipmanagers and … Continue reading

Posted in Shipping News | Leave a comment

Brazil’s March iron ore exports to China rise 4% year on year: government

Brazil’s iron ore exports to China in March rose to 12.1 million mt, 4% above the 11.6 million mt exported to that country in March 2013, Secex, Brazil’s foreign trade secretary, said in data released this week. The exports had … Continue reading

Posted in General News, Shipping News | Leave a comment

Iran oil exports fall for first time in five months

Iran’s crude oil exports fell for the first time in five months in March, and are slated to drop further in April, moving closer to the levels stipulated by November’s temporary nuclear deal that eased some sanctions on Tehran. Under … Continue reading

Posted in General News, Shipping News | Leave a comment

US export uncertainty unsettles global LNG industry

Anxiety is rising in the liquefied natural gas business over the slow rollout of North American LNG export projects. Anxiety about supply. Anxiety about pricing. The worry was simmering at the big Gastech Conference & Exhibition held March 24-27 in … Continue reading

Posted in Energy News, General News | Leave a comment