Category Archives: Local News

Indian power utilities’ 2013-14 thermal coal imports jump 26.5%: CEA

Indian power utilities’ thermal coal imports jumped by 26.5% to 79.7 million mt in fiscal 2013-2014, compared to 63 million mt a year ago, a Central Electricity Authority official told Platts Wednesday. Of the total, 36.6 million mt of coal … Continue reading

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

India: SC allows iron ore mining in Goa with 20 mt annual cap

The Supreme Court lifted an 18-month-old ban on mining in Goa on Monday, giving the iron-ore industry hopes of resuming an attractive export-led business, but analysts and industry members said a slump in prices and slackening demand in China meant … Continue reading

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

India: Petronet invites bids to lease out LNG storage tanks at Kochi

Petronet LNG Ltd, the nation’s biggest importer of liquid natural gas, has invited bids to lease out under-utilised storage tanks at its recently commissioned LNG import facility at Kochi in Kerala. The company operates the 5 million ton-a-year Kochi terminal at a sub-optimal 5% … Continue reading

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

India import of vegetable oils, fats gain 26.79% M-o-M in March

India’s import of vegetable oils, animal or vegetable fats and product imports rose 26.79% on month-on-month basis to US$ 970.62 mn in March, according to INfodriveIndia.com. The findings are based on customs data collected from ports. ccording to Pradeep, Chief … Continue reading

Posted in General News, Local News | Leave a comment

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, Local 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

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

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

India’s dependence on imported edible oil to hit new record

India’s dependence on imported edible oil is set to hit new record this year despite increase in oil seed output this year. Increasing direct consumption of oil seeds including soybean, mustard seed and ground nut reduced their availability forcrushing. Consequently, edible oil production from … Continue reading

Posted in General News, Local News | Leave a comment

India: 12 govt ports see 2% rise in traffic growth

Things are looking up in the maritime sector, with the 12 government-owned major ports registering a 1.78 per cent growth in traffic for the period between April 2013 and March 2014. As the growth has come after two years of … Continue reading

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

India: Gujarat Pipavav Port cuts capex plan by Rs.640 crore

Gujarat Pipavav Port Ltd has lowered its capital expenditure plan for 2014-15 by Rs.640 crore and deferred a proposal to expand its bulk berth capacity because of a lack of demand. But it will spend Rs.460 crore primarily on enhancing the container handling … Continue reading

Posted in Local News, Port News | Leave a comment

INDIA: COASTAL SHIPPING – TIME TO CHANGE

India is blessed with a long coastline of about 7500km. Coastal Shipping plays a major role in the development of domestic industry and trade and thus the economy of the nation. Today when we look at transportation of goods within … Continue reading

Posted in Article, Local News | Leave a comment

India’s Jawaharlal Nehru Port handles four million TEU annually

INDIA’s Jawaharlal Nehru Port handled 4.16 million TEU in its financial year from 2013 to 2014, accounting for 57 per cent of the total container throughput handled by the nation’s major ports. Within this total, the container terminal JNPCT at … Continue reading

Posted in Local News, Port News | Leave a comment

India: With PSA as operator, new JNPT terminal could compete with Mundra, Pipavav

Adani group promoted Mundra port and its neighbour Pipavav might have enjoyed all the spill-over cargo from the Jawaharlal Nehru Port for the past few years, but with the commissioning of the fourth container terminal at the JNPT, the container trade dynamics are all … Continue reading

Posted in Local News, Port News | Leave a comment

India becomes net steel exporter after 6 yrs

India became net steel exporter in 2013-14 after a gap of six years and is likely to maintain the momentum in 2014-15 as producers are looking to dock more overseas shipment to tide over subdued domestic consumption. Total steel exports … Continue reading

Posted in General News, Local News | Leave a comment

India: Shipping Corp seeks to cut costs as another year of losses looms

Staring at a third consecutive year of loss, state-controlled Shipping Corp. of India Ltd (SCI) is cutting costs to stay profitable, the chairman and managing director of India’s biggest ocean carrier said. “We are currently looking to conserve cash,” Arun Kumar Gupta, who … Continue reading

Posted in Local News, Shipping News | Leave a comment

India: Iron ore exports likely to double in FY15

Iron ore exports from India are likely to exceed 25 million tonnes in 2014-15, a growth of over 60% compared to last year. In 2013-14, iron ore exports clocked 15.13 million tonnes, a decline of 19% over the previous year. … Continue reading

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

India: Aegis Group commissions bulk liquid terminal at Pipavav port in Gujarat

Logistics company Aegis Group has made a new bulk liquid terminal at the Pipavav port in Gujarat commercially operational, port operator APM Terminals Pipavav said in a release. “This new infrastructure will act as a cost effective and efficient gateway to service industry’s feedstock requirements in … Continue reading

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