Category Archives: Local News

India: Chabahar port project may get approval soon

The Narendra Modi government is expected to give the go-ahead to India developing the strategic Iranian port of Chabahar in the coming weeks, a move expected to give the country an alternative route to landlocked Afghanistan and the resource-rich central … Continue reading

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Indonesian thermal coal: Indian buying supports certain grades

Indian thermal coal buying supported prices for specific grades of Indonesian thermal coal, but further gains were capped due to the uncertainty surrounding the implementation of the Indonesian export license rule, sources said Monday. Platts assessed the price of FOB … Continue reading

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More Industry Stalwarts confirm to speak at “The Shipping Tribune Conclave 2014: Facing the Challenges in Manning, Training and Piracy Control”, a one day conference on Oct 6th, 2014 at Holiday Inn, Andheri (East) Mumbai.

The list of speakers at “The Shipping Tribune Conclave 2014” has few more well known names from the shipping industry such as Dr. Sanjay Bhavnani, Director & Chief Operating Officer, MMS Maritime (India) PVT. LTD., Capt. Vinod Naveen, Director, Euro Tech … Continue reading

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“We depend upon the professional ability, competence and dedication of the seafarers on board”: Mr. Gautam Chatterjee

The First Annual Seminar of The Navi Mumbai Chapter of The Company of Master Mariners of India was organized on 13th September 2014 at the IMEI.  At this occasion “ DGS Report on Shipping Casualities 2011-13”, compiled by the special … Continue reading

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India: Panel suggest ways to break monopoly of stevedores, shore handling agents at ports

The shipping ministry will consider stakeholders’ views on the recommendations of a panel, ahead of a plan to regulate stevedores and shore handling agents at the 12 major ports owned by the Union government. The five-member panel of port chairmen … Continue reading

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Indian shipping companies readying to take the next leap

Though government’s initiatives to boost the shipping sector is yet to make a noticeable contribution to the country’s GDP, the direction and the pace at which the government is moving, industry experts say that the sector bears buoyancy as well … Continue reading

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India: Shipping Corp cancels two more orders to build ships

State-owned Shipping Corp. of India Ltd has cancelled orders to build two more new ships as it looks at ways to conserve cash and stay profitable amid a prolonged downturn in global shipping. The orders that were cancelled in the … Continue reading

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Indian thermal coal: South African 5,500 NAR supply seen tight

Supply tightness in South African 5,500 kcal/kg NAR coal was being seen, sources said Thursday, even as competitive offers for Australian and Indonesian material were not translating to deals amid limited demand.“There is demand, but there are no offers,” an … Continue reading

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India: Shares of ship-building companies surge on hopes of govt assistance

Shares of ship-building companies rose on Wednesday, after a news report said the government was considering a financial assistance scheme for the industry. The Economic Times reported, quoting officials from the government and industry, that the government could look at … Continue reading

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WISTA India launched a new sub-chapter in Cochin

The newest sub-chapter of WISTA – Women’s International Shipping and Trading Association – was inaugurated in Kochi on the 29th of August 2014, making it the fifth chapter in the country. The sub-chapter was launched as a part of the … Continue reading

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India: Gopalpur port to restart operation from January

Gopalpur port, which has been off operations since October last year due to the damage caused by Phailin cyclonic storm, is poised to restart commercial operations from January 2015, a top Port official said here.“The meeting with the chief minister was … Continue reading

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India: Kamarajar Port’s Sical iron ore terminal gets nod to handle coal

A terminal built to handle iron ore at the Kamarajar Port near Chennai in Tamil Nadu may be allowed to handle coal instead, the first instance of such a cargo change after a contract has been tendered and awarded. The … Continue reading

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Timblo Drydocks delivers specialised DP2 Offshore Support Vessel

Timblo Drydocks, part of the Panduranga Timblo Group, has delivered a specialised DP-2 offshore construction support vessel built at its Goa shipbuilding facility, to clients of MarinOIL, New York. Timblo Hull Y133, a light sub-sea construction support vessel, suitable for … Continue reading

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India: IWAI to furnish cargo projection for ports

Inland Waterways Authority of India (IWAI) will furnish the future cargo projections for ports at Dhamra and Paradeep for the upcoming National Waterway (NW)-5.Both Paradeep Port Trust (PPT) and Dhamra Port Company Ltd (DPCL) had recently inked a pact with IWAI for developing the NW-5.The project would connect … Continue reading

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India: Unfinished work at Kochi unit could cost Petronet LNG Rs500 crore

Unfinished work on laying pipelines to transport gas imported at its Kochi terminal to buyers in Karnataka could cost Petronet LNG Ltd Rs.500 crore this fiscal year, analysts said. Capacity utilization at the Kochi terminal of India’s largest gas importer … Continue reading

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India set to allow re-negotiation of port contracts

Last week, India’s cabinet committee on economic affairs (CCEA) agreed to empower the ministry of road transport and highways to amend a so-called model concession agreement (MCA) and mode of delivery for highway projects.This could act as a precedent for … Continue reading

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India: Government plans to set up shipbuilding development fund

The shipping ministry has initiated discussions with financial institutions such as IFCI and IDBI to establish a fund of as much as Rs.15,000 crore to extend low-cost loans to shipbuilders.The shipbuilding development fund will form a key part of a … Continue reading

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India outpaces China in Oil demand: Barclays

Global oil demand growth is expected to come in at a slightly lacklustre 0.96 mb/d this year, but the regions that are leading the growth are different from years past. One instance of this shift can be seen in Asia, … Continue reading

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Great Eastern plans Rs 2,300-cr capex to raise capacity

Great Eastern Shipping, the largest private sector liner in the country, plans to invest up to $380 million or around Rs 2,300 crore in acquiring vessels and on a rig by March 2017, a senior official has said. Around $180 million will … Continue reading

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India has pledged $100 million for Chabahar port: Afghan envoy

India has earmarked $100 million for upgradation of Chabahar port in Iran so as to improve trade with Afghanistan and other Central Asian countries, Afghan envoy to India Shaida Mohammad Abdali has said. “Ultimately the port connects the Central Asia … Continue reading

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Indian power station coal stocks lowest since 2012 blackouts

Half of India’s thermal power stations have less than a week’s supply of coal on hand, according to weekly data, the lowest level since mid-2012 when hundreds of millions of people were cut off in one of the world’s worst … Continue reading

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India to turn big importer of iron ore in FY15

After losing its status as the third-largest exporter of iron orea couple of years ago, India is likely to turn a big importer of the key steel-making raw material by the end of this financial year. The country is likely to import 10 … Continue reading

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India: NTPC to import 17 million metric tonnes of coal this fiscal

Facing shortage in domestic fuel supplies, state-owned NTPCplans to import 17 million metric tonnes of coal this fiscal which is higher than the quantity purchased last financial year. The country’s largest power producer plans to add 1,798 MW generation in the current financial … Continue reading

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India: Foreign coal traders delay supply talks as price rise seen

International coal traders are delaying talks for supply contracts with India as they want to see if the Supreme Court will cancel coal block allocations in its 1 September verdict, which could give them better realizations from India. “Indonesian miners … Continue reading

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