Category Archives: Local News

JSW Steel to boost iron ore imports by up to 80 percent

JSW Steel Ltd, India’s No. 3 maker of the alloy, said it expects to increase imports of iron ore by up to 80 percent to 900,000 tonnes a month due to a domestic shortage and a slump in international prices. … Continue reading

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India Steel output up by 2.5% in September,slight dip in Global output

World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 134 million tonnes (Mt) in September 2014, a slight decrease of -0.1% compared to September 2013. India produced 6.8 Mt of crude steel, an … Continue reading

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India: Cochin Port Trust aims higher cargo movement to Maldives

The Cochin Port Trust is exploring ways to promote cargo movement to Maldives Port through a regular shipping service. A lot of Indian origin produce are now routed to Maldives through Colombo, Dubai and Singapore and there is a scope … Continue reading

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Emerging Opportunities In Indian Ports and Shipping Sector

The Shipping Tribune is pleased to announce “Emerging Opportunities In Indian Ports and Shipping Sector” a one day conference on February 6th, 2015 at Holiday Inn, Andheri (East), Mumbai, Introduction & Objective The emerging -global economy has opened up new avenues … Continue reading

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The Indian Ocean’s $18-Billion Piracy Stakes

“(The) Indian legal system lacks (a) clear and unambiguous mechanism to prosecute maritime pirates.. Piracy off the coast of Somalia has been a threat to international shipping and trade.” This was Ranjit Sinha, chief of Central Bureau of Investigation (CBI), … Continue reading

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Indian refiners boost product exports 10% despite slump in European buying

Indian refiners managed to export 10% more oil products in the first eight months of 2014, compared with a year ago, amid an increasingly challenging environment of declining demand and rising competition for the export markets, and despite a 12% … Continue reading

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Modi Eases Fuel Controls in Move to Revive India Economy

India scrapped controls on diesel prices and increased natural gas tariffs in Prime Minister Narendra Modi’s biggest steps toward curbing subsidies, spurring energy output and reviving the economy. Diesel will now be market determined and the price of natural gas … Continue reading

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India’s first merchant terminal for LNG to come up in Ratnagiri

India’s first merchant terminal for eight million tonnes LNG import, storage and regasification will be set up at Jaigadh Port in Ratnagiri district. An agreement has been signed between H-Energy Gateway Pvt Ltd (HEGPL), a Hiranandani Group company, and Sener-Afcons … Continue reading

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Vegetable oil imports up 21% in September; SEA demands import duty hike

NEW DELHI: The country’s vegetable oil imports rose by 21 per cent to 10.47 lakh tonnes in September from the year-ago period, industry body SEA said today. It said the government should hike import duty on these items to curb … Continue reading

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Cabinet approves Iran port project

In a move that could offer significant geo-strategic advantage to India by way of smooth access to Afghanistan, the Union Cabinet on Saturday gave its approval to India’s participation in the Chahbahar port project in Iran. The Cabinet chaired by … Continue reading

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Hiranandani Group awards contract for LNG facility

Real estate firm Hiranandani Group has awarded a contract to Sener-Afcons J.V. For an 8 million tonnes per annum LNG import, storage and regasifications terminal at Jaigadh port at Ratnagiri in Maharashtra. “H-Energy Gateway Private limited (HEGPL), a Hiranandani Group … Continue reading

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India’s 12 big ports see first signs of revival in cargo growth

At the half way stage of the current fiscal year that began in April, the 12 ports owned by the Indian government loaded 288.48 million tonnes (mt) of various cargo, 4.2% more than the 276.85 mt handled during the same … Continue reading

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Fall in Oil prices will pull down India CAD to $32bn: CRISIL

India’s Current account deficit(CAD) is set to widen around $10 billion in Q2 from $7.8 billion in Q1 due to higher core (non-oil non-gold) imports, reflecting a gradual revival i ndomestic demand. But CAD is likely to come down in 2014-15 on … Continue reading

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India’s LNG shipbuilding plans turn uncertain

A government-backed plan to build locally at least three of the nine new liquefied natural gas (LNG) carriers to be hired by GAIL (India) Ltd from fleet owners to haul gas from the US is in jeopardy, as LNG shipbuilders … Continue reading

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India’s Jan-Sept Iran oil imports up 38 pct y/y -trade

India’s oil imports from Iran rose 38 percent in the first nine months of the year as shipments surged with an easing of Western sanctions over Tehran’s suspected nuclear activities, tanker arrival data obtained from trade sources shows. Diplomats from … Continue reading

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India: Ports traffic increase by 4 %

Barring Kolkata Port and New Mangalore Port, all the 10 major ports posted a marginal increase in cargo traffic for the first six months of the current financial year. All these ports put together handled 288.48 million tonnes of cargo … Continue reading

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Notice Inviting Expression of Interest

1. The phenomenal growth in the Inland Water Transport sector in India in the coming years would create a demand for 150-200 barges/vessels on the Ganga (NW-1) alone in the next 3-4 years. 2. To start the process, in the … Continue reading

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Indian Steel Demand Said to Expand at Slowest Pace in Decade

Indian steel demand may have grown at the slowest pace in at least a decade as a new government under Prime Minister Narendra Modi struggles to revive industrial output, people familiar with the development said. The nation’s alloy consumption expanded … Continue reading

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Essar Ports, Essar Shipping spurt as boards approve delisting

Shares of Essar Shipping and Essar PortsBSE 18.20 % surged up to 20 per cent as the Essar Group plans to delist the two companies from stock exchanges. Stocks of Essar Shipping zoomed 20 per cent to Rs 23.70, which … Continue reading

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India: Gopalpur port to defer start of operation due to cyclone strike

With a portion of the breakwater of Gopalpur port dented by high tidal waves created under the influence of cycloneHudhud, the port authorities are likely to peg back the start of port operation scheduled for the end of this year. … Continue reading

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Vizag port, airport operations suspended as Hudhud closes in

As Cyclone Hudhud hurtles towards Vizag, the hostile weather conditions have forced crucial establishments such as Visakhapatnam Port Trust (VPT), Vizag Airport and Hindustan Shipyard Limited to suspend all operations temporarily. The authorities are on a ‘wait and watch’ mode … Continue reading

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Offing Launches Crew Recruitment Mobile App At “The Shipping Tribune Conclave 2014”

“It’s about time, that the Crew recruitment methodologies in the Shipping, Oil& Gas Industry take a tech savvy step” says Capt. Purnendu Shorey, Partner at “Offing” This thought was the seed that gave birth to the idea of developing the … Continue reading

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India coal imports aren’t a big enough boost: Russell

Australian coal miners desperate for good news got a double boost recently, but India’s cancelling of private mining blocks and Indonesia’s new export rules are a salve rather than a cure for the industry’s woes. An Indian court ruling scrapping … Continue reading

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JSW Crude Steel Production Up 11% In Q2

JSW Steel Ltd., a JSW Group company and part of the O P Jindal Group, reported second quarter Crude Steel production of 3.30 million tons, up by 11 percent from 2.98 million tonnes in the corresponding period last year. Rolled … Continue reading

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