Category Archives: Local News

India to increase annual Iron Ore output to 75mt by 2018-19

Narendra Singh Tomar, India Minister of Steel and Mines, has directed National Mineral Development Corporation (NMDC) to enhance production incrementally and aim for annual production of 75 million tonnes iron ore by 2018-19 and 100 million tonnes by 2020-21, to … Continue reading

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Govt plans to take gross Indian tonnage in Shipping to 43 MT

Government plans to take gross tonnage under the Indian flag to 43 million tonnes (MT) in the next five years from the present 10.31 MT, Parliament was informed today. “The Maritime Agenda 2010-2020 has set an ambitious target of achieving … Continue reading

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India’s Nov crude oil imports jump 17.3% on year to 4.2 mil b/d

India imported 17.25 million mt, or an average 4.21 million b/d, of crude oil in November, up 17.3% year on year, latest data obtained by shipping sources showed. The November crude imports were up 14.9% from October. India imported 1.46 … Continue reading

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India: Government says no plans to ban export of iron ore

The government has no plans to ban export of iron ore but conservation of the steel-making raw material is of “paramount importance”, Parliament was informed today. To a written question in Lok Sabha on if the government proposes to ban … Continue reading

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“Emerging Opportunities In Indian Shipping and Ports Sector” Receiving Response From All Across The Country And Maritime World

“Emerging Opportunities In Indian Shipping and Ports Sector” a one day conference on February 6th, 2015 is receiving very good response from various parts of the world. Companies and individuals from Europe, Middle East, Far East and India are showing … Continue reading

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India: Pentagon Marine Services plans Rs 50 crore shipping hub in Gujarat

Mumbai-based Pentagon Marine Services is planning to construct a shipping hub across 30 acres of land in Gujarat. The company plans to investment Rs 50 crore in next 3-4 years and is in the process of identifying location for the … Continue reading

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India’s steel consumption grows 1.3% in Apr-Nov

India’s steel consumption grew by a moderate 1.3 per cent to 48.62 million tonnes during the April-November period of current fiscal on lingering effect of the economic slowdown and slow growth in production. The country, the world’s fourth largest steel … Continue reading

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India: A new major Port to come up at Sagar Island in West Bengal

A new major Port is to come up at Sagar Island in West Bengal.  The estimated cost of the project is 11,900 crore rupees.  For this the Centre has decided to mobilise  a soft loan of 4715 crore rupees to … Continue reading

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India: 350-tonne oil spill threatens Sunderbans

The fragile Sunderbans region stared at an ecological nightmare after a vessel carrying 350 tonnes of oil crashed, spilling the toxic liquid over an 80-sq-km area along the Sela river in Bangladesh and threatening a sanctuary of rare Irrawaddy and … Continue reading

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Iron Ore Miners Battling Price Slump Halt Exports From India

Iron ore exports from India have halted as a global price slump and an increase in royalty fees made shipments unviable for miners battling high taxes levied on overseas sales. The third-biggest iron-ore exporting nation until three years ago didn’t … Continue reading

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Thermal coal imports via key Indian ports jump 18% Apr-Nov, coking coal down 5%: IPA

India’s 12 major government-owned ports handled around 55.82 million mt of imported thermal coal over April-November, up 17.5% from 47.50 million mt in the same period a year ago, according to Indian Ports Association data. Coking coal imports during the … Continue reading

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Nigel Bell to Address Maritime Community At “Emerging Opportunities In Indian shipping and Ports Sector ”

The Shipping Tribune is pleased to announce that Mr. Nigel Bell, Managing Director, Bell Shipping Ltd. Will be addressing the audience at “Emerging Opportunities In Indian shipping and Ports  Sector” – A one day conference on February 06, 2015 at … Continue reading

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India: Major ports regulator on way out; rates to be market-based

In the first instance of a government winding down a sectoral regulator, the Tariff Authority for Major Ports (TAMP) will soon be disbanded, leaving major ports free to set market-driven rates. The government plans to amend the port laws for … Continue reading

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India sets floor price for up to $275 mln Steel Authority share sale- official

The Indian government has set the floor price for the sale of a 5 percent stake in Steel Authority of India Ltd (SAIL) at 83 rupees per share, through which it hopes to raise up to 17 billion rupees ($275 … Continue reading

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India: Iron ore imports hit record 6.8 mn tonnes as prices fall

India’s iron ore imports rose to a record 6.76 million tonnes in the first seven months of its financial year as sliding global prices and limited supply at home pushed steel producers to buy the raw material abroad, industry data … Continue reading

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Maersk Line: Chennai Express Comes to Kattupalli

Maersk Line (India & Sri Lanka cluster) has announced that its Chennai Express service which connects the Far East to the South and East of India will now add Kattupalli port in Tamil Nadu in its rotation.  The first official … Continue reading

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India’s vegetable oil import to set new record at 12 mt this year

India’s vegetable oil import is likely to hit a new record this year at 12.3 million tonnes (mt) due to continuous rise in demand amid falling prices and lower output from domestic sources. At this level, however, vegetable oil import will rise … Continue reading

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I See A Bright Future For Coastal Shipping: Capt. S.R. Patnaik

Capt. S.R. Patnaik, Director & C.E.O. of International Shipping and Logistics FZE, is a very well familiar name in the Shipping Industry. He is one of those young Indian mariners who have commanded respect in the industry due to their … Continue reading

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Indian Iron Ore Exports: Goin’ Goan, Gone?

Non-renewal of mining leases has put a strain on India’s iron ore users as the companies are starving for raw material. A report in The Economic Times said the shortage had left companies such as Essar Steel and Jindal Steel … Continue reading

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India: Govt warms up to change in cargo profile of private port terminals

The government is seeking to shore up investor confidence in the ports sector by agreeing to allow private firms setting up container terminals to change their cargo profile either permanently or as a stop-gap measure to deal with circumstances that … Continue reading

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APM Terminals Inland Services Introduces Improved RFID Technology in Mumbai Yard

APM Terminals Inland Services South Asia has launched an improved Radio-Frequency Identification (RFID) application loaded onto computer tablets which provide access to real-time container location data, significantly improving operational efficiency. The application was inaugurated on November 5th by Reach Stacker … Continue reading

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Thermal coal stocks at Indian power plants slip 34.4% on-year: CEA

Combined thermal coal stocks at 103 Indian power plants fell 34.4% on the year to 10.95 million mt Wednesday, enough supply for seven days of coal burn, according to data released by India’s Central Electricity Authority Friday. However, this week … Continue reading

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India to renew exemption granted to vessel sharing pacts of container lines

containerIndia is set to renew the exemption granted to vessel sharing agreements (VSAs) among container shipping lines from the provisions of the country’s antitrust law. The initial exemption given for a one-year period ends on 10 December. A meeting held … Continue reading

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India: Shipping still in doldrums

The shore is still not in sight for shipping companies. Sure, there is an improvement in some operating measures. For instance, the Baltic Dry Index (BDI), which tracks transport costs on international trade routes for dry bulk commodities such as … Continue reading

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