Category Archives: Local News

India Sep Minerals production sees 0.7% growth

The index of mineral production of India mining and quarrying sector for the month of September (new Series 2004-05=100) 2014 at 116.0, was 0.7% higher as compared to September 2013. The cumulative growth for the period April-September 2014-15 over the … Continue reading

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We see multiple opportunities in India: Mr. Michael Golonka

Crowley Accord has been in the news during recent months after a new partnership was reached  between Accord Marine Management and Crowley Maritime Corporation to enhance the existing operations . Crowley Maritime Corporation is a U.S.-owned and operated marine solutions, … Continue reading

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India: Exim Bank to set up Rs. 1,500-cr fund to assist ship-building industry

To give a boost to ship building in the country, the Export-Import Bank of India (Exim Bank) is planning to set up a dedicated Rs. 1,500-crore fund with Government support. This proposal comes in the backdrop of the slump in … Continue reading

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India: Govt plans big push for coastal shipping

Coastal Shipping For a country that boasts of an expansive coastline of 7,500 kilometres, coastal shipping plays a surprisingly small role, transporting a little over 160 million tonnes (mt) of cargo in 2012-13, in the domestic movement of goods. To … Continue reading

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Essar Shipping gets shareholders nod for delisting

The shareholders of Essar Shipping Ltd on Tuesday approved the company’s delisting proposal, the firm said in a notification to the exchanges. The Essar Group is in the midst of delisting Essar Shipping, Essar Ports Ltd and Essar Oil Ltd … Continue reading

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India to Receive Its Biggest LNG Cargo Ahead of U.S. Shipments

India will receive its biggest shipment of liquefied natural gas by ship next month as it prepares to import the fuel from North America. The Q-Max LNG vessel, the largest in its class with a capacity of about 260,000 cubic … Continue reading

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India: Kerala’s Vallarpadam emerging as hub for empty containers

Shipping lines have started using Vallarpadam Terminal as a transhipment hub for empty containers. A senior port official said the lines regularly reposition empty containers to balance their inventory at different locations across the globe. According to the official, more … Continue reading

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India: Exports down 5% in Oct, first decline in FY15

On a day when Prime Minister Narendra Modi tried to hard-sell India in Australia, data released showed merchandise exports fell 5.04 per cent to $26.09 billion in October from $27.48 billion a year earlier. The fall in exports, the first … Continue reading

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India: Ports see shipping fuel demand jump as much as 25 percent

Demand for shipping fuel at major Indian ports has climbed in the past week by up to 25 percent as the cost of refuelling at Singapore, Asia’s bunkering hub, soared following the collapse of the world’s leading supplier, traders said. … Continue reading

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India: Karnataka to develop six minor ports under PPP mode

The Karnataka government proposes to upgrade and modernise six out of 12 minor ports on the west coast under the public private partnership model to attract investment, a senior minister said. “The state government intends to offer these ports on … Continue reading

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India’s Oct Iran oil imports rise 60 pct y/y -trade

India bought 60 percent more Iranian oil in October than a year ago as refiners held to higher volumes despite signs that world powers and Iran might not reach a final agreement on Tehran’s disputed nuclear programme before a Nov. … Continue reading

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Cargo loaders in Mumbai protest suspension of 19 co-workers

FOLLOWING the suspension last week of 19 loaders by ground-handling agency Cambata Aviation, 200 co-workers took part in a protest march at Mumbai airport. The 19 loaders were suspended on November 4, one day after they refused to work. The … Continue reading

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India: Great Eastern Shipping Q2 net profit at Rs206.64 crore

The Great Eastern Shipping Co. Ltd, India’s biggest private ocean carrier, said on Friday its net profit for the July to September quarter rose to Rs206.64 crore from Rs160.63 crore a year earlier. Revenue increased to Rs960.36 crore from Rs839.17 … Continue reading

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India: ABG Shipyard net loss at Rs. 173 cr

ABG Shipyard Ltd today reported a net loss of Rs. 173 crore for the quarter ended September 30 after total income from operations slumped by 80 per cent. The company had reported a net profit of Rs. 1 crore in … Continue reading

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Restrictive conditions make Indian ‘controlled tonnage’ scheme unpopular

It has been a matter of considerable concern for the Indian shipping industry that the country’s vessels currently carry a mere 8% of its overseas cargo. The figure has been steadily dropping over the years, from a level of over … Continue reading

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India: Shipping Corp posts net profit of Rs18.59 crore in Sep quarter

ciState-run Shipping Corp. of India Ltd posted a net profit of Rs18.59 crore in the quarter ended September, compared with a loss of Rs123.63 crore a year earlier, as India’s biggest ocean carrier slowly returns to profitability on the back … Continue reading

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India says may stop thermal coal imports in 2-3 yrs

India, the world’s third-largest buyer of overseas coal, may be able to stop imports of power-generating thermal coal in the next three years as state behemoth Coal India steps up production, the country’s power and coal minister said. Prime Minister … Continue reading

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India buys 4.8 mil barrels of WAF crude oil in tenders for Dec, down sharply from November

State-owned Indian refiners bought only 4.8 million barrels of West African crudes through tenders for December loading, down almost half compared with November when they bought 8.625 million barrels, Platts data showed Wednesday. The huge fall was driven by decreased … Continue reading

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NYMEX Crude Oil prices may head lower towards $74: Angel

NYMEX crude oil l(CMP:$77) prices can possibly head lower towards $74, while crude prices on the MCX(CMP: Rs.4762) can head lower towards Rs.4550/bbl, according to Angel Commodities. Crude oil prices have been falling since last four months and this trend will continue in … Continue reading

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Port congestion hits India’s October coal imports – mjunction

India’s coal imports fell 9 percent to 15.33 million tonnes in October from a month ago as cyclone Hudhud exacerbated congestion at some ports, according to provisional data from online trader mjunction. Shipments into the world’s third largest coal importer … Continue reading

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India: Navy ship sinks off east coast, one killed, four missing

A torpedo recovery vessel sank off the coastal city of Visakhapatnam killing at least one person, the navy said on Friday, in the latest accident to raise concerns about the Asian power’s ageing fleet. Four other crew members are missing … Continue reading

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India: Cargo traffic up 4.6 % in major ports

Barring New Mangalore Port Trust and Haldia Dock Complex, all the major seaports in the country registered a positive growth in traffic volume from April to October 2014. The country as a whole recorded a 24 per cent dip in … Continue reading

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APL Logistics VASCOR Automotive officially launches AutoLinx℠

APL Logistics, global specialist in automotive logistics solutions, today announced the start of full operations of AutoLinxSM, its innovative rail-based solution in India. Developed by Delhi-based APL Logistics VASCOR Automotive, a joint venture between APL Logistics and VASCOR, AutoLinxSM successfully … Continue reading

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“Super Eco Ship For India Coastal Ship” A Dream Not Too Far

Will India see Super Eco Ships trading on its coast in near future? The Ships with application of advanced technology, minimum environmental  impacts, which can produce good economic benefit. ClassNK and IRCLASS jointly organized a workshop on “Super Eco Ship … Continue reading

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